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Continuing Education Business Questions

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Continuing Education Business Technology
When giving a price for a proposed piece of work,a                Scope Letter                is usually included to clarify what is included and excluded in the price.
Continuing Education Business Technology
This is a binding agreement between two people and is enforceable by law. This document is known as,             A Contract             
Continuing Education Business Technology
overdraft protection
  1. savings plan requiring that a certain amount be left on deposit for a stated time period
  2. automatic loan made to checking account to cover insufficient funds
  3. computer terminal used to conduct banking transactions
  4. financial institution that is owned by depositors and specializes in savings accounts
Continuing Education Business Technology
What is the "Chain of Command"?
  1. A chain of people who command each other at the facility?
  2. The commander of the facility of which you work at.
  3. A "ladder" of responsibility that defines who can assign task to whom.
  4. None of the above.
Continuing Education Business Technology
certificate of deposit
  1. savings plan requiring that a certain amount be left on deposit for a stated time period
  2. mutual savings financial institution
  3. financial institution that specializes in savings accounts ad mortgage loans
  4. depositable savings account
Continuing Education Business Technology
automatic teller machine
  1. all-in-one accout that includes checking, savings, borrowing and investing
  2. direct deposit made to an account
  3. computer terminal used to conduct banking transactions
  4. assets
Continuing Education Business Technology
annual percentage yield
  1. process that calculates interest based on previously owned interest
  2. percentage of increase in the value of savings as a result of interest earned
  3. money market interest
  4. percentage rate expressing the total amount of interest that would be received on a deposit based on the annual percentage rate
Continuing Education Business Technology
compounding
  1. process that calculates interest based on previously owned interest
  2. caps out at 10% interest
  3. annual percentage rate
  4. percentage of interest on savings
Continuing Education Business Technology
commercial bank
  1. non profit financial institution
  2. financial institution that offers a full range of financial services
  3. savings plan that requires a minimum balance
  4. money market fund
Continuing Education Accounting
An asset purchased ten years ago for $100,000 has accumulated
depreciation of $100,000 at the end of its tenth year. What amount
should be charged to depreciation if the asset is used in its eleventh
year?
  1. 9090
  2. 1000
  3. 0
  4. 10000
Continuing Education Accounting
Checks written by a company but not yet clearing its bank checking
account are referred to as               outstanding              checks.
Continuing Education Business Technology
After connecting the gauge to the tablet, the next step is to open Reader4.11 and click on Read Contents?
  1. True
  2. False
Continuing Education Business Technology
The software used to get the graphics from testing is called Logger5?
  1. True
  2. False
Continuing Education Business Technology
The network drives where you can save the PDF files or screenshots are               shoptesting              and           Testing          RR
Continuing Education Accounting
Under accrual accounting, amounts received in advance of providing
a service should be reported as
  1. A liability
  2. Revenue
  3. Not reported
Continuing Education Accounting
When a purchase is made on credit, Accounts           Payable          is
credited.
Continuing Education Accounting
Accruing wages expense as of December 31 has what effect on the
December 31 balance sheet?
  1. Assets decrease
  2. Liabilities increase
  3. Owner's equity increases
Continuing Education Business Technology
Annual percentage yield is
  1. the process that calculates interest based on previously owned interest.
  2. the percentage of increase in the value of savings as a result of interest earned.
  3. money market interest.
  4. the percentage rate expressing the total amount of interest that would be received on a deposit based on the annual percentage rate.
Continuing Education Accounting
A company's bank statement shows a balance of $1,234 on
December 31. The company's general ledger shows a balance
of $658. The bank statement reports a service charge of $14.
The amount of outstanding checks is $590. The adjusted or
correct cash balance to be reported on the balance sheet for
this account is                                                    $644.00 (1,234.00 - 590.00) and (658.00 - 14.00)                                                   .
Continuing Education Business Technology
money market fund
  1. user-owned nonprofit financial institution offered by investment companies with earnings based on investments
  2. financial institution that offers a full range of financial services
  3. savings-investment plan offered by investment companies
  4. non profit banking institution
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