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Poll: Itemizing your startup costs is an impor...

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Page 1: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Itemizing your startup costs is an impor...

Page 2: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: On a balance sheet, buildings and furnit...

Page 3: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A business owners private net worth is s...

Page 4: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Payroll records show employee earnings a...

Page 5: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A sales journal is used to record only s...

Page 6: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: The cost of the inventory a business sel...

Page 7: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: During the first few months of operating...

Page 8: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: The higher percentage of your own money ...

Page 9: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: An accounting record that summarizes all...

Page 10: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: The journal used to record any type of t...

Page 11: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Copying information from a journal entry...

Page 12: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A commercial bank loan is an example of ...

Page 13: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A booklet in which you record the dates ...

Page 14: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A payroll register includes all of the f...

Page 15: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Banks are usually very willing to provid...

Page 16: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Unsecured loans are made only to the ban...

Page 17: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Cash disbursements include cash sales, c...

Page 18: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: The income statement shows revenues that...

Page 19: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Illiquid assets are easily converted int...

Page 20: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Some customers do not pay for the mercha...

Page 21: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Expenses that are incurred by a business...

Page 22: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: The assets, liabilities, and capital of ...

Page 23: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: The difference between revenue and cost ...

Page 24: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Typically, only very small businesses us...

Page 25: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Deductions from employees earnings inclu...

Page 26: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A business MUST use the accrual method i...

Page 27: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: In the accounting equation, assets must ...

Page 28: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Under the cash method of accounting, rev...

Page 29: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A mortgage is a type of ________________...

Page 30: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: The accrual method of accounting require...

Page 31: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Ledgers separate transactions by type; j...

Page 32: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: If your bank statement balance is not th...

Page 33: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Subsidiary ledgers are commonly used for...

Page 34: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Inventory is a type of fixed asset becau...

Page 35: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Businesses that earn profits must deposi...

Page 36: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A utility bill is a type of current liab...

Page 37: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: If you have a personal checking account,...

Page 38: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: What does debt-to-equity ratio measure?

Page 39: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Loans that are backed by collateral are ...

Page 40: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: What is a line of credit?

Page 41: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: An aging table is a recordkeeping tool f...

Page 42: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Which financial statement best shows how...

Page 43: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Journals are accounting records of the t...

Page 44: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: The dollar value of the goods or service...

Page 45: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: An income statement indicates

Page 46: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A list of people who receive salary or w...

Page 47: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Pro forma income statements help lenders...

Page 48: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: __________ is the difference in what you...

Page 49: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: __________ capitalists are individuals o...

Page 50: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: __________ capital is money loaned to a ...

Page 51: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: __________ capital is money invested in ...

Page 52: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Property that a borrower forfeits if he ...

Page 53: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A(n) __________ statement describes the ...

Page 54: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: The difference between revenue and cost ...

Page 55: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A(n) __________ is any business activit...

Page 56: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A(n) __________ is any business activit...

Page 57: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Accounting records of the transactions y...

Page 58: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: Unsecured loans are

Page 59: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A line of credit

Page 60: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A bank may turn down a loan application ...

Page 61: Don’t forget: You can copy- paste this slide into other presentations, and move or resize the poll. Poll: Itemizing your startup costs is an impor

Poll: A best-case-scenario cash flow statement...

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