IDIS 240 Vestal Exam 2 Questions and Answers with Verified Solutions
| Latest 2026 Update
Q: Operating Expense
Answer:
all costs needed to provide necessary services.
EX: Warehouse, inventory holding, transportation costs
Q: Selling, general, and Administrative expense
Answer:
salaries, payroll costs, travel and entertainment
costs
Q: EBITDA
Answer:
Earnings Before Interest, Taxes, Depreciation, and Amortization
=Margin - operating expense - SG&A
,IDIS 240 Vestal Exam 2 Questions and Answers with Verified Solutions
| Latest 2026 Update
Q: EBIT
Answer:
Earnings Before Interest Taxes
Q: =EBITDA - Depreciation and Amortization
Answer:
Q: Interest Expense
Answer:
- Cost paid to borrow money
Not part of operating expense
Q: NPBT
Answer:
Net Profit Before Taxes
,IDIS 240 Vestal Exam 2 Questions and Answers with Verified Solutions
| Latest 2026 Update
Q: = EBIT - Interest
Answer:
Q: NPAT
Answer:
Net Profit after tax
Q: = NPBT - taxes
Answer:
Q: Amortization
Answer:
scheduling from original value to final value
, IDIS 240 Vestal Exam 2 Questions and Answers with Verified Solutions
| Latest 2026 Update
Q: Accounts Payable
Answer:
- money we owe others
usually its an interest free debt
Loses a cash discount, damages credit ratings or loses favor with other companies
Q: Accounts Receivable
Answer:
- money that customers owe us
usually an interest free debt
Q: Days Sales Outstanding
Answer:
= (Receivable Dollars * 365)/sales
| Latest 2026 Update
Q: Operating Expense
Answer:
all costs needed to provide necessary services.
EX: Warehouse, inventory holding, transportation costs
Q: Selling, general, and Administrative expense
Answer:
salaries, payroll costs, travel and entertainment
costs
Q: EBITDA
Answer:
Earnings Before Interest, Taxes, Depreciation, and Amortization
=Margin - operating expense - SG&A
,IDIS 240 Vestal Exam 2 Questions and Answers with Verified Solutions
| Latest 2026 Update
Q: EBIT
Answer:
Earnings Before Interest Taxes
Q: =EBITDA - Depreciation and Amortization
Answer:
Q: Interest Expense
Answer:
- Cost paid to borrow money
Not part of operating expense
Q: NPBT
Answer:
Net Profit Before Taxes
,IDIS 240 Vestal Exam 2 Questions and Answers with Verified Solutions
| Latest 2026 Update
Q: = EBIT - Interest
Answer:
Q: NPAT
Answer:
Net Profit after tax
Q: = NPBT - taxes
Answer:
Q: Amortization
Answer:
scheduling from original value to final value
, IDIS 240 Vestal Exam 2 Questions and Answers with Verified Solutions
| Latest 2026 Update
Q: Accounts Payable
Answer:
- money we owe others
usually its an interest free debt
Loses a cash discount, damages credit ratings or loses favor with other companies
Q: Accounts Receivable
Answer:
- money that customers owe us
usually an interest free debt
Q: Days Sales Outstanding
Answer:
= (Receivable Dollars * 365)/sales
