Financial Statements
Includes Revenue and Expenses to determine our net income.
Income Statement
Includes Assets, Liabilities, and Owner's Equity
Balance Sheet
These are used to record and analyze the financial performance of a business
The term for "what a company owes"
Liabilities
Which UFC event is this weekend?
UFC 300
All income a business receives over a period of time is called
Revenue
The costs of operating a business are called
Expenses
Records that identify the amount assets have decreased in value due to their age and use.
The value of the owner's investment in the business
Owner's Equity
The term for "what a company owns"
Assets
The value of a business after liabilities are subtracted from assets on the balance sheet?
Owner's Equity
The employer transfers net pay electronically into the employee's bank account
Direct Deposit
Type of asset includes cash and items that can be converted into cash in less than one year
Current Asset
$1.19
How many Rocky movies are there, not including the Creed Movies?
6
What rock band is making a massive comeback with songs like "Higher", With Arms Wide Open, and One Last Breath
Creed
What 4 tax deductions come out of our paycheck?
Social Security, Medicare, Federal Income Tax, State Income Tax
Who won rap album of the year?
Killer Mike
What Men's and Women's team won the NCAA championship games
Women: South Carolina
Men: UConn
What famous movie does Arnold Schwarzenegger say "Get to the Chopper"
Predator
What hit television comedy show includes Eric Foreman, a high school teenager who drives a Vista Cruiser?
That 70s Show
What does it mean to have a debt-to-equity ration of 1.5
You have 1.5 times the debt that you do equity. It is still favorable.
What does it mean to have a positive current ratio?
Current Assets outweigh Current Liability
What video game franchise has grunts, elites, brutes, and the covenant?
Halo
What is Mr. Klein's Favorite Color?
Purple