Accounting Basics
What is the accounting equation?
A=L+E
What's a remote job?
Jobs that are completely work from home
What's earned income?
Income received from employment.
What's a product?
An item a business sells to consumers.
How many days in a week?
7
What's revenue?
The money a company earns from the sale of its products and services.
What's malware?
Software programs that are intended to damage, destroy, or steal data
Examples of earned income?
Wages, tips, Commissions, etc.
Whats a warranty?
A written promise that tells the items quality and promises to fix any issues if they are to occur.
How many Disney princesses are there?
13
Debts owed to others.
What does spyware do?
Can capture private information, such as e-mail messages, usernames, passwords, bank account information, and credit card information.
What are wages?
Payment for work and is usually calculated on an hourly, daily, or weekly basis.
What does intangible mean?
A product a business sells that cannot be touched.
Largest star in the solar system?
The sun
What's an asset?
The property or items of value a business owns.
What's phishing?
The use of fraudulent e-mails and copies of valid websites to trick people into providing private and confidential data.
What's salary?
A consistent payment which you receive from working.
What is taxes placed on imported items called?
Tariffs
Whats the most popular holiday in the U.S?
Christmas
What is GAAP?
Generally Accepted Accounting Principle
What's the acceptable use policy?
A set of rules that explains what is and is not acceptable use of the company's devices and network.
What are the time intervals you can get your wages on?
Weekly, Monthly, Bi-weekly, Bi-monthly.
What are the four P's of marketing?
Product, place, promotion, price.
What Disney princess wears glass slippers?
Cinderella