Balance Sheet
Cash Flow Statement
Income Statement
GST
Random Food
Random Movies
Random Math
Random Random
100
Accounts Receivable is a:
- Current Asset
- Non-Current Asset
- Current Liability
- Non-Current Liability
- Owners Equity
Current Asset
100
What are the names of the three categories in the Cash Flow Statement?
- Operating
- Investing
- Financing
100
Receiving a Loan from the Bank is a:
- Cash Receipt
- Revenue
- BOTH
Cash Receipt
100
What does GST stand for?
Goods and Services Tax
100
List the colors in a traditional packet of Skittles
Red, Yellow, Purple, Orange, Green
100
What was the highest grossing film of 2018?
Avengers: Infinity War
100
Mental math:
5 + 11 x (30 - 23) = ?
82
100
The bell to signal the end of Period 5 goes at what time?
2:22 pm
200
Bank Overdraft is a:
- Current Asset
- Non-Current Asset
- Current Liability
- Non-Current Liability
- Owners Equity
Current Liability
200
Under which Category of the Cash Flow Statement is "Cash Sales" reported?
Operating / Investing or Financing?
- Operating
200
Paying an employee a wage is a:
- Cash Payment
- Expense
- BOTH
BOTH
200
Bob's Burgers purchased $18,700 (GST Inclusive) worth of burger meat.
How much GST was paid on this transaction?
GST = $1,700
200
According to Google Maps, aside from McDonalds Yallambie, where is the closest McDonalds to Viewbank College?
McDonalds Heidelberg (Bell Street)
200
Name three films featuring Arnold Schwarzenegger (no sequels).
200
Mental math:
40 = ?
1
200
2 - 2 x 2 + 2 = ?
0
300
A plumbing business buys $300 worth of plumbing supplies from Bunnings on Credit.
Name the two accounts that are affected by this transaction.
Asset - Inventory of plumbing supplies - Increase - $300
Liability - Accounts Payable - Increase - $300
300
Name the only two possible transactions that can be categorised as 'Investing Activities' and state whether they are an Inflow or Outflow.
- Sale of a Non-Current Asset (Inflow)
- Purchase of a Non-Current Asset (Outflow)
300
Capital Contributed by the owner is:
- Cash Receipt
- Revenue
- BOTH
Cash Receipt
300
Bob's Burgers purchased $9,042 (GST Inclusive) worth of burger buns.
What is the GST Exclusive amount of the burger buns?
GST Exclusive = $8,220
300
Name 5 types of Pasta.
Lasagna
Spaghetti
Macaroni
Ravioli
Rigatoni
Tagliatelle
Tortellini
Penne
Linguini
Fettuccine
Bucatini
Fusilli
Vermicelli
300
In 2019, there were two live-action remakes of Disney Animated movies from the 1990s - Aladdin and The Lion King.
Which of these two movies (from the 1990s) is older?
Aladdin (1992)
The Lion King (1994)
300
What is the next number in the Fibonacci Sequence below:
0,1,1,2,3,5,8,13,21,34,??
55
300
How many different Prime Ministers has Australia had in the last 10 years?
Five (Julia Gillard, Kevin Rudd, Tony Abbott, Malcolm Turnbull, Scott Morrison)
400
Calculate the value of Non-Current Liabilities based on the below information:
Current Assets = $15,000
Non-Current Assets = $60,000
Current Liabilities = $17,500
Non-Current Liabilities = ???
Owner's Equity = $32,000
Non-Current Liabilities = $25,500
400
Bob's Burgers made a $1450 loan repayment to his Bank - $1,100 was the principal component and $350 was the interest component.
How would this transactions be recorded in the Cash Flow Statement for Bob's Burgers?
(State both the category and whether it is an Inflow or Outflow)
- Loan Repayment - Principal ($1,100): Financing Outflow
- Loan Repayment - Interest ($350): Operating Outflow
400
Cost of Materials Used is:
- Cash Payment
- Expense
- BOTH
- Expense
400
Name FOUR transactions that do not have GST associated with them.
- Owner making a capital contribution
- Owner withdrawing funds from the business
- Paying employee wages
- Receiving a loan from the bank
- Receiving interest income
- Buying or selling fresh food
400
Baba Ghanoush is a popular dip made from which cooked vegetable?
Eggplant
400
Name two actors who have portrayed James Bond.
Sean Connery
David Niven
George Lazenby
Roger Moore
Timothy Dalton
Pierce Brosnan
Daniel Craig
400
What is the number of Pi rounded to FOUR decimal places?
3.1416
400
Which shopping centre is older - Greensborough Plaza or Northland?
Northland (1966)
Greensborough Plaza (1978)
500
In the Owner's Equity Section of the Balance Sheet, state the formula for calculating the closing Capital Balance at the end of month.
Starting Capital
+ Capital Contributions
+ Net Profit
- Net Loss
- Drawings
500
Name the only four possible transactions that can be categorised as 'Financing Activities' and state whether they are an Inflow or Outflow.
- Capital Contribution (Inflow)
- Loan Received (Inflow)
- Drawings (Outflow)
- Loan Repayment - principal (Outflow)
500
If a business makes a Net Loss, it is said to be "In the Red".
What slang term used to describe a business that makes a Net Profit?
"In the Black"
500
In which Year was the GST introduced in Australia and by which Prime Minister?
Year 2000 - John Howard
500
Which popular spread has a infinite shelf-life / expiration date (meaning it will never 'go off')?
Honey
(Raw honey has been discovered in the pyramids dating back to 3,000 years and is still perfectly edible.)
500
What is the full name of the character played by Sean Astin in the Lord of the Rings trilogy?
Samwise Gamgee
500
What is the formula for calculating the Volume of a Cylinder?
V = pi x r2 x h
500
Which of the following is NOT a real cosmetics brand:
- Stila
- Maybelline
- Hourglass
- NARS
- Chemical Heart
- La Mer
- Yves Saint Laurent
- Urban Decay
Chemical Heart
600
Which of the following Fast Food Franchises has the most outlets / stores in Australia?
- Red Rooster
- McDonalds
- KFC
- Hungry Jacks
- Subway
Subway (1400 approx)
McDonalds (970 approx)
KFC (600 approx)
Hungry Jacks (420 approx)
Red Rooster (360 approx)
600
NOT including Ken and Barbie, name five Toys from the Toy Story series.
600
Where would the number 11 be positioned in the below sequence?
8 5 4 1 9 7 6 10 3 2 0
Between 8 and 5
8 11 5 4 1 9 7 6 10 3 2 0
Alphabetic order - eight, eleven, five, four, nine, one, seven, six, ten, three, two, zero
600
According to Wikipedia, which of the following suburbs has the largest population?
- Macleod
- Yallambie
- Rosanna
- Viewbank
- Watsonia
- Macleod (9,769)
- Rosanna (8,498)
- Viewbank (6,923)
- Watsonia (5,214)
- Yallambie (4,117)