Random Trivia
This fruit, often mistaken for a vegetable, was once put on trial in the U.S. Supreme Court in 1893 to determine its classification.
What is the tomato?
This type of mutual fund or ETF tracks a specific market index, such as the S&P 500, and aims to replicate its performance.
What is an index fund?
On the balance sheet, this category of assets includes items like patents, trademarks, and goodwill.
What are intangible assets?
This principle requires that revenue should be recognized when it is earned, not necessarily when cash is received.
What is the revenue recognition principle?
What year is Jasmin at Carlson?
Sophomore!
This U.S. president once got stuck in a White House bathtub and reportedly ordered a new, oversized one.
Who is William Howard Taft?
This type of risk is specific to an individual company or industry and can be reduced through diversification.
What is unsystematic risk?
This financial metric, found on the income statement, represents the profit a company makes after deducting all expenses, including taxes and interest.
What is net income?
This principle states that financial statements should reflect the assumption that the business will continue operating unless evidence suggests otherwise.
What is the going concern principle?
Name both excursions we offered as a club this semester.
Open Arms volunteering and Minneapolis Federal Reserve Tour
This animal, known for its ability to play dead, is the only marsupial native to North America.
What is the opossum?
This financial metric, often used in portfolio management, measures the excess return of an investment relative to the risk-free rate, divided by its standard deviation.
What is the Sharpe ratio?
This ratio, calculated using the income statement and balance sheet, measures how efficiently a company uses its assets to generate sales.
What is the asset turnover ratio?
This principle requires companies to record transactions at their original cost rather than their current market value.
What is the historical cost principle?
How many board members are there at U-Finance
9!
This element, known for its use in glow-in-the-dark paints, is named after the Greek word for "light bearer."
What is phosphorus?
This metric measures the volatility of a stock or portfolio relative to the overall market.
What is beta?
If a company has a high debt-to-equity ratio, this section of the cash flow statement will likely show significant outflows.
What is the financing activities section?
This accounting principle states that expenses should be recorded in the same period as the revenues they help generate.
What is the matching principle?
This African country, home to the ancient city of Timbuktu, is the largest country in Africa by land area.
What is Algeria?
This theory states that it is impossible to consistently outperform the market through stock selection or market timing because stock prices fully reflect all available information.
What is the Efficient Market Hypothesis (EMH)?
This financial statement is required under GAAP but is often combined with the income statement in practice.
What is the statement of comprehensive income?
This principle requires that financial statements should include all information necessary to understand a company's financial position.
What is the full disclosure principle?
What is Simran's favorite fruit?
(Think back to Spring Kickoff)
Mangoes!