END OF 1ST 9-WEEKS!

One down...three to go!  :)

bellringer - 9.28.10

33. Which of these would allow you to calculate the final capital amount which will be included in the Balance Sheet?

a) capital - accounts receivable + cash
b) capital - accounts payable + cash
c) capital + revenue - expenses - withdrawals
d) capital + expenses - revenue - withdrawals

34. For this bellringer, you are to go back through the rest of your bellringer document and make every answer a different color than the questions. (This can be done in mass if you know the tricks of the trade.)

bellringer - 9.24.10

31. What percentage of high school students in Kentucky are "prepared" for a career or college?



32. Please list nine accounts that we have learned about thus far this year.

bellringer - 9.22.10

29. The use of the terms: sale, sold, made a sell, and earned revenue indicates which effect upon cash or accounts receivable?



30. Please list at least four types of expenses. Do these have an overall positive or negative effect on a business? Why would you consider this to be a poorly constructed question?

bellringer - 9.20.10

25. GAAP state that revenue should be counted as _____________ when it is _________.



26. The ___________ __ ____________ method requires the company to make an estimate of how much of the project is completed at the end of the first fiscal period.



27. What does fiscal mean?



28. Create a bird using your keyboard. (for example:  :>  might be an overhead view of a bird head--but you can surely do better...like this for an owl  {o,o}   bon chance!)

bellringer - 9.16.10

23. At least, how many accounts are effected by a business transaction?



24. Which two Owner's Equity accounts help (add to) a company? Which two hurt (take from) a company?

bellringer - 9.10.10

21. If a company reports Cash as $1,000, Supplies as $500, Prepaid Insurance as $1,200, Account Receivable as $300, Accounts Payable - M. Mungle $500, and there are no reported Revenues, Expenses, and Drawings, what is amount that should be listed for Mr. John Acme, Capital?



22. Using the above information, what will the Cash account and the Liabilities (assuming A/P - M. Mungle is the only one) be, once the debt owed by John Acme's company is paid off?

bellringer - 9.8.10

19. Which of the three types of accounts go on the right hand side of a Balance Sheet?



20. The Balance Sheet is considered to be "_ ____ ____ __ ____" of the status and operations of a business.

bellringer - 9.3.10

17. What does the term ethics mean? How does this differ from morals?



18. Why should businesses be ethical?