question Which type of tax is levied on the profits earned from the sale of assets such as stocks and real estate

Which financial statement shows how the company's retained earnings have changed over time?

A. Balance Sheet
B. Income Statement
C. Statement of Retained Earnings
D. Cash Flow Statement

The Quick Ratio is also known as the:

A. Acid-Test Ratio
B. Current Ratio
C. Debt Ratio
D. Inventory Turnover

What is the term for the mix of debt and equity used by a company to finance its operations?

A. Leverage
B. Capital Budgeting
C. Corporate Governance
D. Financial Modeling

What financial metric measures the percentage of profit a company generates from its shareholders' equity?

A. Return on Equity
B. Return on Investment
C. Return on Assets
D. Earnings before Interest and Taxes (EBIT)

What is the term for the financial metric that measures a company's efficiency in generating profit from its total assets?

A. Asset Turnover
B. Return on Equity
C. Profit Margin
D. Working Capital Ratio

Which tax is imposed on the consumption of certain goods and services at the point of sale?

A. Excise Tax
B. Sales Tax
C. Corporate Tax
D. Value Added Tax (VAT)

Which metric measures the percentage of each sales dollar that contributes to covering fixed costs and generating profit?

A. Contribution Margin
B. Break-Even Point
C. Cost-Volume-Profit (CVP) Analysis
D. Variance Analysis

What type of analysis focuses on evaluating the financial impact of alternative courses of action?

A. Decision Making
B. Performance Metrics
C. Cost-Volume-Profit (CVP) Analysis
D. Variance Analysis

What is the term for a financial strategy to minimize tax liability by taking advantage of legal provisions?

A. Tax Deductions
B. Tax Evasion
C. Tax Planning
D. Tax Refund

Which analysis technique helps evaluate the impact of changes in sales volume on profits?

A. Cost-Volume-Profit (CVP) Analysis
B. Profitability Analysis
C. Break-Even Point
D. Budgeting