4.01 PDF
Why does the government need to know a businesses accounting?
To make sure a business is doing their taxes correctly
What are the 2 of the 3 things businesses track from the accounting information.
The value of the things they own
Amounts owed to them
Amounts they owe others
Customers relations skills such as courtesy and friendliness should be emphasized during a businesses
Hiring process
what is the blue tape for?
So you don't bunch all over the door when the bell rings
who is the smartest in the class
Mrs. Stoddard
How does accounting help prepare for the future
It helps you estimate the amount of expenses and the amount of income based on previous years
how does accounting maintain financial control
By tracking the businesses performance
And by planning the future
businesses can encourage customer relation by
offering incentives
What is Mrs. Stoddard's favorite thing she is obsessed with?
Skippy
what is Mrs. Stoddards favorite sport
volleyball
What does a business need if they want a short-term loan?
They need an immediate financial statement for the creditor.
What is 1 internal user
manages
or
managerial accounting information
What is a primary business activity
Marketing
What did timothy make on the Unit 3 test with absolutely no help (timothy cant answer this)
92
What is the color of Mrs. Stoddards broom
red
why do investors need to know the businesses accounting
They use a business’s financial accounting information to find out if the business will pay them a good return on their investment. Stockholders are interested in a business’s profit information because it indicates if the business will be able to pay dividends.
What are 2 external users
government
investors
creditors
A business that exists to fulfill a specific mission or undertaking is called a business.
non-profit
What does the sticker say under on the electric sharpener?
Please remember to empty sharpener
What is in the don' forget your mask bucket?
Jenga
write down in a journal the income and expenditures at the time they occur.
what are 3 of the 5 requirements of accounting systems
Easy to use
Processes data quickly
Expandable
Affordable to operate
Protects the business
Every business main coal is to accomplish
Produce or provide goods/services
How many rulers do Mrs. Stoddard have (including the broken ones)
10
What is the new class Mrs. Stoddard is going to teach in the fall
entrepreneurship