Financial Statements
The financial statement that lists all assets and all liabilities
What is the balance sheet
Banks use these calculations to determine your ability to pay back a loan
What are financial ratios
The most commonly counterfeited bill
What is the $20 bill
The Dave Ramsey 80/20 rule states that personal finance is 80% __________ and 20% ___________
What is 80% behavior and 20% knowledge
Bubble gum was invented by a person in this profession
What is accounting
Owner's Equity represents
What is the residual - money and earnings over time
What is surplus
The form used by a legal partnership to file its tax return
What is Form 1065
The word that Benjamin Franklin purposefully misspelled on currency to deter counterfeiters
What is Pennsylvania
Suzie Orman said, "Stop buying thins you don't need, to impress people ____________________
What is "You don't even like
The FBI employs over this number of accountants, in grands
What is 2000
The accounting equation on the balance sheet is ____________
Define gross profit margin
What is Net Sales - CGS / Net Sales
Satoshi Nakamoto
Lee Iacocca said, "We at Chrysler borrow money the old fashioned way. ________________
What is we pay it back.
This famous Chicago criminal was brought down by FBI accountants
Who is Al Capone
The financial statement component of the balance sheets that displays the liquidity of your business
What is the current asset section of the balance sheet
This is the sum of money paid regularly by a company to its shareholders out of its profits
What is a dividend
The average lifespan of a US dollar bill
What is 6.6 years
Dave Ramsey said, "A millionaire's best friend is ____________
Compound interest
Accountants spend how many hours hand counting ballots for the Academy Awards, its 70 times more than the number of awards given out each year
What is 1700
This term, used on the income statement, represents expenses such as material and labor to produce your products
What is Cost of Goods Sold
You can use your Form Schedule C to assist you in what imperative accounting function
What is budgeting
The company that introduced the magnetic strip on credit cards
Who is IBM
Milton Friedman said, "Inflation is taxation without ___________
What is legislation
Who is Mick Jagger