UGBA 10 Lecture Notes - Lecture 15: Balance Sheet, Earnings Before Interest And Taxes, Current Liability

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 10
• Professor: Banks Cristina

Document Summary

Asset : economic resource that is expected to benefit the firm by helping generate. Amount of money left over if you were to sell the assets and then pay off all the. Income is when you end up with additional value of operating assets! Either the stockholder gains (earnings capital aka. Ease with which an asset can be converted into cash. Asset with long-term use or value, such as land, buildings, and equipment. Accounting method for distributing the cost of an asset over its useful life. Debt that must be paid within one year. Current liability consisting of bills owed to suppliers. Debt that is not due for at least one year. Earnings retained by a firm for its use rather than paid out as dividends. Goodwill : amount paid for an existing business above the value of its. Calculation of useful ratios such as current ratio. Current ratio = current assets / current liabilities.