POP
CULTURE
CULTURE
This artist is a Barbados native with hits including "Umbrella" and "Diamonds"
Who is Rihanna
What is the accounting equation
What is A=L+E
The percentage charged for borrowing money or earned for lending money is called this
What is Interest
What is the name of TSU's marching band
What is the Ocean of Soul
The quick ratio excludes this balance sheet account in calculating its formula
What is Inventory
This BET countdown show was a must-watch after school in the 2000s and featured major artists such as Chris Brown, Bow Wow, and Drake
What is 106 & Park
Where is the normal balance for a Liability
What is "On the Credit side"
The idea that a dollar today is worth more than a dollar tomorrow because of its earning potential is called this
What is The Time Value of Money
What year was TSU founded
What is 1947
If Company X has $50,000 in Assets, and $35,000 in Equity, what should the balance be for Liabilities
$15,000
This 2002 movie starring Nick Cannon showcased the culture of HBCU marching bands
What is Drumline
This Accounting discipline provides reasonable assurance that financial statements are fairly stated and free from material misstatement
What is Audit
This U.S stock index tracks 500 large publicly traded companies and it is often used as a market benchmark
What is the S&P 500
At its founding date, Texas Southern University was originally named this
What is 'Texas State University for Negroes'
Company X has Current Assets of $125,000 and Current Liabilities of $50,000, what is their Current Ratio
2.5
This R&B artist sang "Can we Talk" and "Un-break My Heart"
Who is Tevin Campbell
What balance sheet account should NEVER be part of an adjusting entry
What is The Cash Account
The value of the next best alternative you give up when making a financial decision is called this
What is Opportunity Cost
TSU is nationally recognized for its championship-winning program in this academic competition field
What is Debate
A machine that cost $120,000 has a useful life of 5 years and a salvage value of $20,000. What is the annual Depreciation using the straight-line method
$20,000
This groundbreaking sitcom, which premiered in 1974, followed the Evans family living in the projects of Chicago and became known for the catch phrase "DYNOMITE!"
What is 'Good Times'
What accounts require closing entries
What are Temporary Accounts (or Revenues and Expenses)
The value today of a future cash flow discounted back at an interest rate is called this
What is Present Value
This widely known NFL player turned TV host received an Honorary Doctor of Humane Letters from TSU in 2013
Who is Michael Strahan
$180,000