Chapter 12
A list of the employees and the payments due
to each employee for a specific pay period.
Payroll
The original amount for a loan needed to be paid back
Principal
The date by which an invoice must be paid.
Due Date
“Accounts receivable” is the money people owe your company, while “accounts ______” refers to the money that you owe to others.
Payable
When did Facebook first launch?
2004
How many times do you get paid a year if you get paid bi-monthly
24
The amount you pay past just the original amount of the loan
Interest
The amount paid for insurance.
Premium
What six-letter hairstyle is popularly associated with the semi-ironic phrase "business in front, party in the back"?
Mullet
What is the best-selling book of all time?
Bible
The total amount of money an employee earns in a pay period; also called ___________ pay.
Gross
The table that shows all your payments and payment periods
Amortization Schedule
A written offer to a supplier to buy specified items.
Purchase Order
What American company is the world's largest pharmaceutical company by revenues? With over $70 billion in 2017 revenues, the company features the stock ticker "JNJ."
Johnson and Johnson
In the Catholic Church, the Bishop of Rome is a title more commonly known as what?
Pope
An amount paid to an employee based on a percentage of the employee’s sales.
Commission
Loans that rely on an asset as collateral for the loan
Secured Loan
A file that contains a folder for each day of the
month into which invoices are placed according
to their due dates. T_______ F____
Ticker File
Which F term describes the year as it pertains to figuring out your business’s annual budget and other finances? For example, looking at quarterly statements and getting your taxes in order.
Fiscal
In what country did the first Starbucks open outside of North America?
Japan
If I work 50 hours in a week and typically make $50 an hour, how much do I make in a week?
$2,750
Which type of student loans have more repayment options?
Public
A price reduction given when a business keeps unsatisfactory merchandise it has bought. P________ A____________
Purchases Allowance
If you want to go into real estate development, you could consider getting a business degree—for example, a Master of ______ in Real Estate (MSRE) would open up some doors, so to speak!
Science
What was the first live-action Disney remake to get a PG-13 rating?
Mulan