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Quizzes from Videos
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Flashcards
Q: Double taxation is most likely to occur if the commercial properties are held in the form of a(n):
A: C Corporation
Q: With regard to double taxation, distributions, and the treatment of the losses, general partnerships are most like:
A: Limited Partnerships
Q: Special Allocations of income or loss are available if the form of ownership is a(n):
A: Limited Partnerships
REE
2/27/2011
Q: Calculating BAS (Building Airflow Standard)
A: 1) Calculate BAS based on Volume, then 2) calculate based on Occupancy, then 3) Take the higher of the two standards
Q: One inch of Water Column
A: 250 Pascals
Q: 3 Forms of Heat Transfer
A: Convection, Conduction, Radiation
BPI Building Analyst Exam
2/2/2011
Q: Property loss exposure
A: A condition that presents the possibility that a person or organization will sustain a loss resulting from the damage - including the destruction, taking, or loss of use - of property in which that person or organization has a financial interest.
Q: Tangible property
A: Property that has a physical form that can be seen or touched.
Q: Real Property
A: Tangible property consisting of land, all structures permanently attached to the land, and whattever is growing on the land.
ARM 54 Chapter 2 - Risk Management Process - ARM54 Risk Assessment (Insurance)
2/4/2011
Q: Risk
A: Uncertainty about outcomes that can be either negative or positive
Q: Risk Management
A: The process of making and implementing decisions that will minimize the adverse effects of accidental losses on an organization
Q: Business Risk
A: Risk that is inherent to the operations of a particular organization, including the possibility of loss, no loss or gain
ARM 54 Chapter 1 Understanding Risk Management, ARM54 Risk Assessment (Insurance)
1/26/2011
Quizzes
Q: Break-even point
A: The level of sales at which profit is zero. The break-even point can also be defined as the point where total sales equals total expenses or as the point where total contribution margin equals total fixed expenses.
Q: Contibution margin method
A: A measure, at a given level of sales, of how a percentage change in sales will affect profits. The degree of operating leverage is computed by divideing contribution margin by net operating income.
Q: Contibution margin ratio
A: A ratio computed by dividing contibution margin by dollar sales.
Chp 6: Cost-Volume-Profit Relationships
2/28/2011
Q: Account
A: A planned process for providing financial information that will be useful to management
Q: Asset
A: An equation showing the relationship among assets, liabilities, and owner's equity
Q: Account Balance
A: The account used to summarize the owner's equity in the business
Accounting Chapter 1
1/1/2011
Q: Revenue
A: A sale for which cash will be received at a later date
Q: Sale on Account
A: A sale for which cash will be received at a later date
Q: Expense
A: A decrease in owner's equity resulting from the operation of a business
Accounting Chapter 2
1/6/2011
Q: 1. Accountant
A: to gain possession by paying money or the equivalent
Q: 2. Accounting
A: a columnar accounting form used to summarize the general ledger information needed to prepare financial statements
Q: 3. Accounting clerk
A: the first jobs that individuals get
Accounting 1 CHS Unit 1 Test
2/1/2011
