Assets
Liabilities
LCM
Beis Medrash
Income Statement
100
When the company will receive money due to performing a service or a making sale on credit.
What is accounts receivable?
100
Account used when a company purchases an item on credit
What is accounts payable?
100
The address of the school.
What is 75-31 150th Street, Kew Gardens Hills, N.Y. 11367
100
The Menahal
Who is Rabbi Smulevitz?
100
Price charged to customers for services rendered/or goods sold.
What is revenue?
200
Assets which will be converted into cash or consumed within one year.
What are current assets?
200
Account used when a company makes a bank loan by issuing a promissory note.
What is note payable?
200
Director of Admissions
Who is Rabbi Nathan?
200
Number of credits earned each semester for Shiur
What is three?
200
Reductions in revenue when credit customers pay promptly.
What is sales discount?
300
Assets that do not have physical substance such as a patent.
What are intangible assets?
300
Liabilities that are not due until a period greater than one year.
What is long term liabilities?
300
LCM's adopted college football team
What is the University of Oregon?
300
Your partner in Shiur.
What is chavrusah?
300
Formula for gross profit.
What is net sales less the cost of goods sold?
400
The cost of a plant asset less its accumulated depreciation
What is the book value?
400
Account created when a company collects revenue in advance.
What is unearned revenue?
400
LCM Librarian
Who is Joan Wagner?
400
Student who is completely committed/involved in study.
What is "sthagging"?
400
Expenses, losses, revenues and gains from peripheral activities.
What are nonoperating gains and losses?
500
Balance Sheet classification for Land held for resale
What is Long Term Investments?
500
Proper classification of a loan payable which $ 1,000,000 is due in the upcoming year and $ 9,000, 000 is due in three years.
What is $ 1,000,000 current liability and a $ 9,000,000 long term liability.
500
Where to go for the "best steal plan"
What is the Helka Room?
500
Student who is not studying as hard as he should
What is "botttling"?
500
Formula for the gross profit ratio?
What is gross profit/net sales?
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