Business studies hsc Study guides, Class notes & Summaries

HSC Business Studies - Finance Exam Questions With Verified Answers accounts payable the money a business owes to its suppliers and service providers. Also known as creditors or trade creditors accounts receivable a current asset that represents money owed to the business in short term. Money is owed to the business by customers who are yet to pay for products they have already received. Also known as debtors. accounts receivable turnover ratio ratio measures how long, on average, ...

HSC Business Studies - Finance Exam Questions With Verified Answers...

HSC Business Studies - Finance Exam Questions With Verified Answers accounts payable the money a business owes to its suppliers and service providers. Also known as creditors or trade creditors accounts receivable a current asset that represents money owed to the business in short term. Money is owed to the business by customers who are yet to pay for products they have already received. Also known as debtors. accounts receivable turnover ratio ratio measures how long, on average, ...

HSC Business Studies - Finance Exam Questions With Verified Answers accounts payable the money a business owes to its suppliers and service providers. Also known as creditors or trade creditors accounts receivable a current asset that represents money owed to the business in short term. Money is owed to the business by customers who are yet to pay for products they have already received. Also known as debtors. accounts receivable turnover ratio ratio measures how long, on average, ...

HSC Exam #1 Questions & Answers 2024/2025 What are the three main aspects of a health care system that are compared during evaluations? - ANSWERSaccess, cost, quality _____ percent of the US Gross Domestic Product (GDP) is spent on health care? - ANSWERS17.9% About _____ trillion dollars were spent on health care in the US in 2017. - ANSWERS$3.5 what are the top three disease categories in terms of cost (not including ill-defined conditions)? - ANSWERScirculatory, musculoskeletal, ...

TOPIC ONE - Answer OPERATIONS Define the operations function - Answer refers to business processes that transform and add value to inputs to produce outputs, part of the value chain Define the operations process - Answer Inputs - Transformation - Outputs (More Value then Inputs) Define strategic role of operations management - Answer 'affecting all key business areas in the longer term' - meeting key objectives of profit maximisation and competitive advantage What is Michae...

HSC Business Studies - Finance Exam Questions With Verified Answers accounts payable the money a business owes to its suppliers and service providers. Also known as creditors or trade creditors accounts receivable a current asset that represents money owed to the business in short term. Money is owed to the business by customers who are yet to pay for products they have already received. Also known as debtors. accounts receivable turnover ratio ratio measures how long, on average, ...

HSC Business Studies - Finance Exam Questions With Verified Answers accounts payable the money a business owes to its suppliers and service providers. Also known as creditors or trade creditors accounts receivable a current asset that represents money owed to the business in short term. Money is owed to the business by customers who are yet to pay for products they have already received. Also known as debtors. accounts receivable turnover ratio ratio measures how long, on average, ...

The lower the ratio, the better as it indicates efficiency in the individual expenses Accounts receivable turnover = Sales ÷ Accounts Receivable x 100 High turnover ratios indicate that the business has efficient debt collection. The bigger the number, the worse it is Liquidity Ability to pay short term liabilities The amount of current assests should be higher than its debts Current Ratio = Current Assets ÷ Current Liabilities 2:1 is considered in a good, stable financial position So...