Questions asked
Benjamin Densmore
Numerade educator
Which of the following are types of interest calculations banks use to determine how much to pay you in interest for money on deposit? Select all answers that apply: A. Principal interest B. Simple interest C. Mixed interest D. Complex interest E. Compound interest
Sanchit Jain
Which financial statement shows how much money that a company made was retained and reinvested in the company? Select the single best answer: A. Balance Sheet B. Statement of Cash Flows C. Statement of Retained Earnings D. Income Statement
The proper treatment of deposits in transit on a bank reconciliation is to show them as a (an) Select the single best answer: A. Deduction per bank statement balance B. Addition per bank balance C. Addition per book balance of cash D. Deduction per book balance
A salaried employee who earns $50,000 per year has chosen to sign up for the company's benefits package. Employee's benefits include medical and dental. The employee's medical cost monthly is $50 and dental is $20. The employee has chosen to contribute 2% to a retirement plan with a 2% match up to a maximum of 4%. What would the benefits cost be to the employee's bi-weekly pay? Select the single best answer: A. $50.23 B. $32.31 C. $25.78 D. $35.00
Straight-Line depreciation spreads out the cost basis of an asset evenly over its useful life. True False
What type of entries do you use to correct any mistakes and get your books back in balance at the end of an accounting period? Select the single best answer: A. Recurring Entries B. Closing Entries C. Posting Entries D. Correcting Entries E. Manual Entries
Ivan Kochetkov
An employer has computed the following amounts for its employee Mary during a week in January: Gross wages $500.00; FICA tax withheld $38.25; Federal income tax withholding $67.25; State income tax withholding $20.00; Unemployment taxes $24.00; Worker compensation insurance $5.00. The company does not provide health insurance, paid vacations, or any other benefits. The amount of Mary's net pay is Select the single best answer: A. $374.50 B. $352.75 C. $357.75 D. $345.50
James Kiss
You are in a rush and need to quickly create an invoice for your professional services client, Cleaner Co., in order to get the revenue included in the year's financial statements. Which of the following options allows a user to launch that process in one click? Select the single best answer: A. plus icon > Vendor: Bill B. left navigation bar > Customers C. Home ProAdvisor (left navigation bar) > Training tab > Self-paced training module 1 D. gear icon > Videos and Welcome Guide E. plus icon > Customers: Invoice
Suppose John makes $30,000 per year and is paid semi-monthly. He is an exempt employee. How much would his gross pay be each pay period? Select the single best answer: A. $2,500 B. $1,153.85 C. $1,250 D. $2,307.70 E. $1,201.90
The sum of all of your customer Accounts Receivable is listed as part of ________ your balance sheet. Select the single best answer: A. Current Liabilities B. Long-term Liabilities C. Current Assets D. Long-term Assets E. Owner's Equity
