Accounting Trivia
This formula represents the accounting equation.
Assets = Liabilities + Equity
This type of insurance protects against financial loss due to damage or theft of your car.
Car Insurance
This is the UPJ mascot.
Mountain Cat
This popular fruit is known for being rich in potassium.
Banana
This is a resource with economic value that an individual or company owns or controls with the expectation that it will provide a future benefit
Asset
What does the acronym GAAP stand for?
Generally Accepted Accounting Principles
This ratio, often used to measure a company’s efficiency, is calculated by dividing net income by total revenue.
Profit Margin
These are the six degree programs in the business division.
Accounting, Finance, Management, Economics, IS, and Marketing
This is considered the best selling video game of all time
Minecraft
This formula represents gross margin.
Net Sales - COGS
This accounting document lists a company’s assets, liabilities, and shareholders' equity at a specific point in time.
Balance Sheet
What does "WACC" stand for in corporate finance?
Weighted Average Cost of Capital
This is the name of the river that runs through the campus of the University of Pittsburgh at Johnstown.
Stonycreek River
Murr, Joe, Sal, and Q are the hosts of this popular show.
Impractical Jokers
This country saw the birthplace of IKEA.
Sweden
Under this accounting principle, revenues should be recognized when they are earned, regardless of when the payment is received.
Revenue Recognition Principle
This financial term refers to the interest rate charged by banks on overnight loans to other banks.
Federal Funds Rate
This year marked the founding of the University of Pittsburgh at Johnstown (+ 5 on each side)
1927
This is considered the hottest pepper in the world.
Carolina Reaper
This financial metric, used to assess a company's profitability, is calculated by dividing net income by total assets.
Return on assets (ROA)
This ratio, calculated by dividing current assets by current liabilities, measures a company’s ability to pay short-term obligations.
Current Ratio
This economic principle states that the value of money decreases over time due to inflation, and it is often used to adjust future cash flows.
Time Value of Money
This former U.S. Congressman, who served Pennsylvania’s 15th District, graduated from Pitt-Johnstown in 1976
John Murtha
This country drinks the most beer per capita.
Czech Republic
Richard Hatch is the very first winner of this reality tv show.
Survivor