Financial Statements
These are the 3 sections of a balance sheet.
What are Assets, Liabilities, and Equity?
Name an accounting professor at Millersville.
Who are Trout, Blazer, Galante, or Douglas?
The definition of compound interest.
What is the interest you earn on interest?
This is where cash would go in the balance sheet.
What is the asset section?
This is the day of the week and time the club will meet during the spring semester.
What is on Wednesday's at 8pm.
These are the three types of financial statements a company can produce.
What is the balance sheet, income statement, and statement of cash flows.
These are what have to be equal in a journal entry.
What are your debits and credits?
This is the basic finance test that most professionals take.
What is the CFA?
These are the two ways a company can raise cash.
What is through raising stock or taking on debt.
Name an event the club did last semester.
What is go to the driving range, have PowerPoint presentations, have a guest speaker, and hold case competition review sessions?
This is the way gross profit is calculated.
What is Net Sales minus COGS?
What are the CPA and CMA?
What is time, rate, and amount?
Definition of breakeven point.
What is the amount of sales to earn a profit of zero?
The name of the building business classes are held in.
What is Mccomsey?
This is the tax document you would receive that tells what wages you earned during the year.
What is a W2?
This is the day your taxes need to be filed by.
What is April 15th? (April 18th is also an acceptable answer for this year)
This is the way that the ratio return on income is calculated.
What is net income divided by sales?
What is protecting assets through limited liability, transferability of ownership, ability to create and raise capital, and many more?
Name a soccer club.
What is answers will vary?
This is a use of financial statements to people outside of the company.
What is to evaluate a company's financial health, potential earnings, or if they should invest in that company?
What is the accounting equation?
What are assets equal liabilities plus equity?
What is liquidity, solvency, valuation, and profitability?
This is the name of our school of business.
What is the Lombardo school of business?
This was the score of the Eagles Super Bowl win over the Patriots.
What was 41-33?