| A | B |
|---|
| Ted projected that his business revenue for the next quarter should be around $9 000. This is an example of what kind of financial planning? | Operation |
| Kate projected that her business revenue for the next quarter should be around $7 000. This is an example of what kind of financial planning? | Operation |
| Tonya projected that her business expenses for the next six months should be around $2 500. This is an example of what kind of financial planning? | Operation |
| Paul projected that his business expenses for the next twelve months should be around $30 000. This is an example of what kind of financial planning? | Operation |
| Ford Motor Company determined it can afford to start selling vehicles that imitate a family room on wheels. This is an example of what kind of financial planning? | Expansion |
| Amana Appliance Company determined its affordability to start selling self-cleaning stoves. This is an example of what kind of financial planning? | Expansion |
| Carl estimated that his business could invest an additional $40 000. Which type of budget was used? | Cash |
| Alicia should use which type of budget to analyze the business performance of her floral company? | Operating |
| Paul reviewed his company's budget for six months and determined that it is spending less on utilities. Which type of budget was used? | Operating |
| Jack reviewed his company's budget for six months and determined that it is spending more on credit card purchases. Which type of budget was used? | Operating |
| Mary reviewed her company's budget for one year and determined that it is continuously spending more on utilities. Which type of budget was used? | Operating |
| Jill can find the value of assets and liabilities for her business at the end of the year on which type of financial statement? | Balance Sheet |
| Tonya compared revenue of $30 000 to expenses of $22 000 to determine whether her business experienced a net income or loss. Which type of financial statement was used? | Income Statement |
| Harry's Grocery Store revenue for last year was $98 000 and it paid $103 000 for expenses. Which is the net income/net loss amount for the store? | $5 000 net loss |
| Last year's revenue for Zoe's Company was $95 000 and it paid $83 000 for expenses. Which is the net income/net loss amount for the business? | $12 000 net income |
| Last month's revenue for Tisha's Tire Company was $700 and it paid $650 for expenses. Which is the net income/net loss amount for the business? | $50 net income |
| Which financial ratio will John use if he wants to determine whether his business could pay its debts due this month? | Current |
| Southern Life Insurance Company makes money on selling specific services such as policies instead of retaining their customers money. This is an example of which type of financial institution? | Non-depository |
| Direct Finance Company's primary function is to use its own money instead of customers' savings to provide loans to other businesses. This is an example of which type of financial institution? | Non-depository |
| Jennifer prefers a financial institution that will meet her business needs such as access to checking options credit cards and loans. Which characteristic(s) of financial institutions does she prefer? | Services |
| An investor prefers a financial institution that offers safe deposit boxes trusts and loans. Which characteristic(s) of financial institutions the investor prefers? | Services |
| An investor prefers a financial institution that offers access to local branches and ATM machines near her home and job. Which characteristic(s) of financial institutions the investor prefers? | Convenience |
| Sarah purchased school supplies with a store gift card of $300. This is an example of which type of payment service? | Electronic |
| Todd gave Intrek Computer Services a personal check for which his bank guaranteed payment. This is an example of which type of payment service? | Certified check |
| Which is the FIRST step in the check writing process? | Writing the appropriate information in the check register |
| Phil is writing a company check and just completed writing the amount of the check in words. What should Phil do NEXT? | Write in the purpose of the check |
| Which is the FIRST step in opening a checking account? | Completing a signature card |
| Maria prefers an endorsement that will make sure checks are used for deposits only to her business account. Which type of endorsement is preferred? | Restrictive endorsement |
| James received a $100 check. He wants to endorse this check over to Steve. Which type of endorsement should James use? | Full |
| The Federal Reserve System approved the merger of Wachovia Bank and Wells Fargo Bank. This is an example of which service of the Federal Reserve System? | Approving bank mergers |
| The Federal Reserve System supplied the monetary system with $300 billion. This is an example of which service of the Federal Reserve System? | Participating in open market activities |
| The Federal Reserve System aids in transferring funds between banks in North Carolina and New Jersey. This is an example of which service of the Federal Reserve System? | Clearinghouse |
