Chapters 14-16

Plants, offices, and equipment are considered _____.

Money must be acceptable, divisible, portable, stable in value, durable and difficult to counterfeit.

The first step in the accounting cycle is to _____.

The Fed was established by Congress in 1913 to ____ the banking industry.

The two biggest stock markets in the United States are the

Common stock is the single most important source of capital for most new companies.

Sales and revenues are often used interchangeably.

In a country where money is unstable people will __ their money as fast as they can to keep it from losing more value.

___ accounting involves analyzing financial documents in search of fraudulent entries or financial misconduct.

Floating-rate bonds do not have __________ interest payments.

Florence tries to keep just enough cash on hand to pay employee wages and utility bills. Called transaction balances.

The amount of money budgeted for the purchase of long-term assets is called the __________ budget.

When did the financial crisis take place? (questionable lending practices and investments based on subprime mortgages)

The ______ is the guardian of the American financial system.

A __ is a loan made, so a business or individual can purchase real estate, typically a home.

There is an increase in economic activity when the Fed lowers the discount rate.

Interest rates increase and money supply decreases when the Fed ___ the discount rate.

The life expectancy of a $20 bill is estimated to be 7.9 years which reflects the ___ characteristics of money.

The last step in the accounting cycle is ____.

Assets + Liabilities=Owner's Equity

When money serves as a way to accumulate wealth, money primarily functions as a __________.

In general, the longer the term of a certificate of deposit, the lower it's interest rate.

The stated value of one share of stock is known as its par value.

Market value is the price at which a particular common stock is currently trading.

Commercial paper is a written promise from one company to another to pay a certain amount of money.

___ refers to the process of recording, measuring, and interpreting financial information.

Which financial statement presents a snapshot of the organizations's financial position at the given moment.

Working capital management refers to managing ____.

The major difference between credit and debit cards is that debit cards don't have the same level of ____ as credit card

_____ stocks were responsible for the huge increase in stock prices in the period between 1982 and 2000.

What is the study of how money is managed by individuals, companies and governments.

The _____ insures individual bank accounts.

___ accounts are similar to interest-bearing checking accounts but with more restrictions.

Equipment, reputation trademarks and corporate "goodwill" are classified as ____.

Cash, investments, accounts receivable, and inventory are ___.

Which financial statement shows "the bottom line", shows the organization's profitability over a period of time.

The __ Act prohibited commercial banks from being in the insurance and investment banking business.

A ___ accountant is likely to have a tile such as controller, tax accountant, and internal auditor.

A file is simply an address for receiving payments.

___ is best described as paper money that is not readily convertible to a precious metal, such as gold.

____ are the safest types of marketable securities.

____ is money owed to a business by credit customers.

___ is the movement of money through the organization over a daily, weekly, monthly, or yearly basis.

Current liabilities are a company's financial obligations to short-term creditors, paid within one year.

When it comes to long-term liabilities, the key word is _____.