Reporting
The total variable cost will _______ as more tickets are sold.
What is increase?
Cash, inventory, and accounts receivable are examples of ________.
What are current assets?
An information system that measures, records, and communicates business information.
What is accounting?
The variable cost per unit will _______ as more tickets are sold.
What is remain the same?
Land, equipment, cars, and buildings are examples of _______.
What are capital assets or long-term assets?
A branch of accounting aimed at helping managers make decisions.
What is managerial accounting?
A form of business organization where the owners receive shares or stocks in the business.
What is a corporation?
Monthly rent is an example of a __________ cost.
What is fixed cost?
Something that has a future benefit.
What is an asset?
A list of accounts created by the organizers of the business at the start of business.
What is a chart of accounts
Contains elements of both variable and fixed costs.
What is mixed cost
Buying something on credit.
What is a liability or what is accounts payable?
The team playing the Canadiens on September 17
Who are the New Jersey Devils?
I can't be sued personally if I own this business.
What is a corporation?
The hospital where I work has to follow these rules when reporting the results of their operations.
What are the Public Sector Accounting (PSA) rules?
Ticket price is $55 for a book of 5 tickets. Printing cost is $5 per booklet. Prize (a skidoo) is valued at $14,000 plus $1,000 insurance. Tickets sold 2,000.
The excess amount.....
What is $5,000?
Beginning cash balance is $25,000. Beginning salaries payable balance is $4,000. Beginning fund balance is $21,000.
Salaries expense $20,000 during year. Ending salaries payable $0. Ending fund balance is $1,000
The ending cash balance $
What is $1,000
It weighs 34.5
What is the Stanley Cup?
The biggest problem with a sole proprietorship is_____________.
What is unlimited liability?