Accounting
What is the fundamental accounting equation?
A = L + OE
What does the P stand for in the simple interest formula?
Principle
Three of Santa’s reindeer’s names begin with the letter “D.” What are those names?
Dancer, Dasher, and Donner
How long is an Olympic swimming pool (in meters)?
50 m
How many kids does Mr. Dietrich have?
2
What is the formula to calculate Net Income?
Net Income = Revenue - Expenses
What type of loan comes with the highest interest rate (mortgages, auto loan or credit card)?
Credit Card
When does Christmas come before Thanksgiving?
In the dictionary.
Which bone are babies born without?
Knee cap or patella
What Australian city did Mr. Dietrich live abroad in?
Melbourne
Cost Principle
We are going to look into two types of interest in this unit. The first is simple interest the second is_________?
Compound Interest
What was the highest grossing Christmas movie of all time?
Home Alone
What is the only living organism you can see from outer space?
The great barrier reef
What was the minimum wage, when Mr. Dietrich had his first job (within $0.50 is acceptable)?
$6.85
What does GAAP stand for?
Generally Accepted Accounting Principles
Joanne borrowed money for a 9 month period. Calculate the 't' that would be used for the simple interest formula.
t = 0.75
What was the first company that used Santa Claus in advertising?
Coca-Cola
What country has the largest land mass?
Russia
How many continents has Mr. Dietrich visited?
5
Jasmine Smith bought a personal boat and needs to keep it separate from her business expenses. What GAAP principle must she follow?
Business Entity Concept
Jane was selling her new sneakers on Shark Tank. She asked for a $500 000 investment in return for 20% stake in her business. What does she think her business is worth?
$2.5 million or $2 500 000
Which country started the tradition of putting up a Christmas tree?
Germany
How many countries are there on planet Earth?
195
What year was Mr. Dietrich born?
1987