"Stuff You Should Know"
He discovered that the Earth revolves around the sun.
Who is Nicolaus Copernicus?
In a partnership, how are profits typically distributed?
What is an agreed-upon ratio in the partnership agreement?
If a partnership earns $100,000 in profits, and partners A, B, and C have a profit-sharing ratio of 2:3:5, it is how much will Partner A receive.
What is $20,000?
The official landmark of the
university.
What is Tower of Wisdom?
It is the practice of accounting in which the accountant develops and uses cost
management information.
What is Cost Management?
Minutes in a full week.
What is 10, 080?
It is a legal obligation imposed by law to prevent unjust enrichment
What is quasi contract?
This type of spending is used to acquire or improve long-term assets like property, plant, or equipment.
What is capital expenditure (CapEx)?
The BatStateU TNEU campus that is known as the "Knowledge, Innovation, and Science Technology" (KIST) Park.
What is Alangilan Campus?
It is the authority to command action or give orders to subordinates.
What is Line authority?
It is a word, phrase, number, or other sequence of characters that reads the same backward as forward. Example: level
What is Palindrome?
A body of rules that govern private rights and obligations between individuals or organizations.
What are Civil laws?
A method where expenses are matched to revenues in the period when revenue was earned.
What is the matching principle?
The current federation name of the Junior Philippine Association of Management Accountants-Malvar.
What is SIGYAPAY?
This strategy is implemented by creating a perception among consumer that
the product or services is unique in some important ways, usually by being
of high quality, features or innovation.
What is Product Differentiation?
The process by which some animals produce light.
What is Bioluminescence?
It is a legal situation where someone manages or interferes in another person's business transaction without permission but out of concern or friendship.
What is negotiorum gestio?
A type of financial analysis that compares a firm's performance to industry standards.
What is benchmarking?
He served as the former Vice Chancellor for Academic Affairs.
Who is Dr. Amado C. Gequinto?
Banner Company provided the following data on December 31, 2024:
Checkbook balance = 4,000,000
Bank statement balance = 5,000,000
Check drawn on Banner Company’s account, payable to supplier, dated and recorded on December 31, 2024but not mailed until January 15, 2025 = 500,000
Sinking fund cash = 2,000,000
It is the amount that should be reported as “cash” under current assets
What is 4,500,000?
The deepest part of the world's oceans.
What is the Mariana Trench?
A defense claiming the defendant was somewhere else when the crime was committed.
What is an alibi?
The principle that dictates recognizing losses immediately but delaying the recognition of gains until they are realized.
What is the conservatism principle?
This is the full name of the current adviser of the Junior Philippine Association of Management Accountants-Malvar.
Who is Mr. June Angelo Cueto Vergara?
Mema Inc. received from a customer a one-year, P500,000 note bearing annual interest of 8%.
After holding the note for six months, the entity discounted the note without recourse at 10%.
It is the amount of cash that was received by the bank.
What is 513,000?