Finance And Accounting

Question: What type of account would someone put their money into if they wanted to earn a high rate of return and not to have access to their money for a fixed period e.g. 90 days?
A
A certificate of deposit

B
A checking account

C
A savings account

D
A stock account

Note: Answer not sure
1. Report
Question: What is "Negotiable Order of Withdrawal Account" i.e. NOW Account, another name for?
A
A mortgage loan

B
A checking account with no fees

C
A checking account that earns interest

D
A savings account

Note: Answer not sure
1. Report
Question: What can the FDIC do to a member bank if the bank fails to comply with the set standards?
A
Send a letter to the Congress

B
Stop insuring that bank's customers

C
Declare the bank insolvent and take over its management

D
Close down the bank

Note: Answer not sure
1. Report
Question: What type of account would someone who wants to earn a high rate of interest and does not intend to have many transactions open?
A
A checking account

B
A savings Account

C
A mortgage loan

D
A money market account

Note: Answer not sure
1. Report
Question: How does a bank make money by providing currency exchange services to its customers?
A
By charging the customers a slightly higher exchange rate than the rate it pays

B
By cheating the customers on the exchange rate

C
By forcing them to deposit the money in their bank

D
By asking the customers to introduce five friends to the bank as customers

Note: Answer not sure
1. Report
Question: In 2007, XYZ Company had a net loss of $160,000 and reported the following: Dividends paid: $40,000 Depreciation expense: $30,000 Increase in accounts payable: $15,000 Issuance of stock: $100,000 Retirement of debt: $50,000 Given this data, the amount of cash flow from operations was ______________.
A
($115,000)

B
$205,000

C
($75,000)

D
$65,000

Note: Not available
1. Report
Question: Equity in the undistributed earnings of a recognized affiliate would appear in which of the following sections of the cash flow statement?
A
Operating section

B
Investing section

C
Financing section

D
It would not appear on the statement.

Note: Not available
1. Report
Question: Dividends paid for the year would appear in which of the following sections of the cash flow statement?
A
Operating section

B
nvesting section

C
It would not appear on the statement.

D
Financing section

Note: Not available
1. Report
Question: Equity income from an affiliate would be shown _____________________.
A
as an add-back to net income in the operations section

B
as a deduction from net income in the operations section

C
in the investing section

D
None of these

Note: Not available
1. Report
Question: Issuing ten-year bonds will cause cash to ______________ .
A
increase

B
decrease

C
show no change

D
The effect on cash cannot be determined based on given information.

Note: Not available
1. Report

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Question: What type of account would someone put their money into if they wanted to earn a high rate of return and not to have access to their money for a fixed period e.g. 90 days?

Question: What is "Negotiable Order of Withdrawal Account" i.e. NOW Account, another name for?

Question: What can the FDIC do to a member bank if the bank fails to comply with the set standards?

Question: What type of account would someone who wants to earn a high rate of interest and does not intend to have many transactions open?

Question: How does a bank make money by providing currency exchange services to its customers?

Question: Equity in the undistributed earnings of a recognized affiliate would appear in which of the following sections of the cash flow statement?

Question: Dividends paid for the year would appear in which of the following sections of the cash flow statement?

Question: Equity income from an affiliate would be shown _____________________.

Question: Issuing ten-year bonds will cause cash to ______________ .