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Financial Literacy 8/22/2019 Flashcards | StudBud

Explore/Financial Literacy 8/22/2019

Financial Literacy 8/22/2019

12 terms·StudBud Administration·21 plays

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Questions 12

Answers

1
Charitable contributions for this month are based on?
David's generosity
% of CBI employee salaries
Year to date gross profit
% of July's net ordinary income
2
What does BTC stand for?
BitCoin
Bacon Tomato Chips
B'Nai Torah Congregation
Brazilian Top Currency
3
The cost of toilet paper shows up on which Expense line?
Charitable Contributions
Office Supplies
Repairs and Maintenance
Merchandise for CBI Use
4
What is the name of the last client that got email compromised?
Tobias Financial Advisors
Delta Industrial Services
Royal Flowers Group
Meg Green and Associates
5
Which is the basic accounting equation?
Assets = Liabilities + Equity
Liabilities = Assets - Equity
Equity = Assets/Liabilities
a2 + b2 = c2
6
The reduction in book value of fixed assets due to use and time
Expenses
Depreciation
Tax Liability
Profits
7
What is the new game in the ENG Room?
Mini Golf
Basketball Hoop
Darts
Baseball
8
Which is not found on the Balance Sheet?
Office Expenses
Assets
Owner's Equity
Liabilities
9
What kind of account is Inventory?
ASSET
COGS
EXPENSE
CURRENT LIABILITYCURRENT LIABILITY
10
The labor for Silver clients show up on which line?
Engineering Professional Services
MSP One Time
MSP Staff Augmentation
MSP Run Rate
11
Long term items that are purchased and used for the production of its good and services are?
INVENTORY
COST OF GOODS SOLD
MSP RUN RATE
FIXED ASSETS
12
The asset account Cash is found on which Financial Statement?
Balance Sheet
Scoreboard
Cash Money
Income Statement