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1a83a9ff__new_job_Flashcards___Cram_com___that_may_happen_in_the_future
[Anxiety] Authority
Power or rank to give orders and make assignments to others
[]
Chapter 6 beginning a new job Flashcards - Cram.com
state of feeling worried or uneasy, usually about something that may happen in the future
http://www.cram.com/flashcards/chapter-6-beginning-a-new-job-3113227
16/1438042987866.61_20150728002307-00202-ip-10-236-191-2_390551371_0.json
1a83a9ff__new_job_Flashcards___Cram_com___that_may_happen_in_the_future
[Anxiety] Responsibility
At work, the duty to follow an order or carry out a work assignment
[]
Chapter 6 beginning a new job Flashcards - Cram.com
state of feeling worried or uneasy, usually about something that may happen in the future
http://www.cram.com/flashcards/chapter-6-beginning-a-new-job-3113227
16/1438042987866.61_20150728002307-00202-ip-10-236-191-2_390551371_0.json
1a83a9ff__new_job_Flashcards___Cram_com___that_may_happen_in_the_future
[Anxiety] Delegates
Assigns tasks to lower ranking employees
[]
Chapter 6 beginning a new job Flashcards - Cram.com
state of feeling worried or uneasy, usually about something that may happen in the future
http://www.cram.com/flashcards/chapter-6-beginning-a-new-job-3113227
16/1438042987866.61_20150728002307-00202-ip-10-236-191-2_390551371_0.json
1a83a9ff__new_job_Flashcards___Cram_com___that_may_happen_in_the_future
[Anxiety] Morale
mood or spirit such as attitude and emotion of employees
[]
Chapter 6 beginning a new job Flashcards - Cram.com
state of feeling worried or uneasy, usually about something that may happen in the future
http://www.cram.com/flashcards/chapter-6-beginning-a-new-job-3113227
16/1438042987866.61_20150728002307-00202-ip-10-236-191-2_390551371_0.json
1a83a9ff__new_job_Flashcards___Cram_com___that_may_happen_in_the_future
[Anxiety] Policy Manuel
booklet given to new employees that explains a company's policies and rules
[]
Chapter 6 beginning a new job Flashcards - Cram.com
state of feeling worried or uneasy, usually about something that may happen in the future
http://www.cram.com/flashcards/chapter-6-beginning-a-new-job-3113227
16/1438042987866.61_20150728002307-00202-ip-10-236-191-2_390551371_0.json
1a83a9ff__new_job_Flashcards___Cram_com___that_may_happen_in_the_future
[Anxiety] Reimburse
to pay back money that has already been spent
[]
Chapter 6 beginning a new job Flashcards - Cram.com
state of feeling worried or uneasy, usually about something that may happen in the future
http://www.cram.com/flashcards/chapter-6-beginning-a-new-job-3113227
16/1438042987866.61_20150728002307-00202-ip-10-236-191-2_390551371_0.json
1a83a9ff__new_job_Flashcards___Cram_com___that_may_happen_in_the_future
[Anxiety] Due Process
The legal right to be notified of a complaint against you ans to state your case or point of view before a decsion is made
[]
Chapter 6 beginning a new job Flashcards - Cram.com
state of feeling worried or uneasy, usually about something that may happen in the future
http://www.cram.com/flashcards/chapter-6-beginning-a-new-job-3113227
16/1438042987866.61_20150728002307-00202-ip-10-236-191-2_390551371_0.json
1a83a9ff__new_job_Flashcards___Cram_com___that_may_happen_in_the_future
[Anxiety] Probation
Trial period during which one's performance is being observed
[]
Chapter 6 beginning a new job Flashcards - Cram.com
state of feeling worried or uneasy, usually about something that may happen in the future
http://www.cram.com/flashcards/chapter-6-beginning-a-new-job-3113227
16/1438042987866.61_20150728002307-00202-ip-10-236-191-2_390551371_0.json
1a83a9ff__new_job_Flashcards___Cram_com___that_may_happen_in_the_future
[Anxiety] Supervisor
Person with the power or rank to give orders and oversee the work of others
[]
Chapter 6 beginning a new job Flashcards - Cram.com
state of feeling worried or uneasy, usually about something that may happen in the future
http://www.cram.com/flashcards/chapter-6-beginning-a-new-job-3113227
16/1438042987866.61_20150728002307-00202-ip-10-236-191-2_390551371_0.json
1a83a9ff__new_job_Flashcards___Cram_com___that_may_happen_in_the_future
[Anxiety] Allowances
tax exemptions to which a person is entitled
[]
Chapter 6 beginning a new job Flashcards - Cram.com
state of feeling worried or uneasy, usually about something that may happen in the future
http://www.cram.com/flashcards/chapter-6-beginning-a-new-job-3113227
16/1438042987866.61_20150728002307-00202-ip-10-236-191-2_390551371_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] debt [1]
funds supplied by creditors
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] equity [1]
funds provided by owers
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] probable debts or obligations that result from past transactions, which will be paid with assets or services [1]
liabilities
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] is not; accrues [1]
interested paid (is/is not) included in the reproted amount of the liability because it _____
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] short-term obligations that will be paid iwthin the current operating cycle or one year (whichever is longer) [1]
current liabilities
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] the ability to pay current obligations [1]
liquidity
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] it is able to pay its current obligations [1]
a company has liquidity if __________
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] Quick Ratio [1]
Quick Assets / Current Liabilities
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] cash, marketable securities, and accounts receivable [1]
quick assets
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] the level of liquidity [1]
Quick Ratio measures...
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] current liability [1]
specific operating activities are financed in part by a related___ ___
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] not [1]
delaying payment to suppliers to conserve cash (is/is not) advisable because it ruins positive relationships with suppliers
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] Accounts Payable Turnover [1]
Cost of Goods Sold / Average Accounts Payable
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] how quickly management is paying its trade accounts [1]
Accounts payable turnover measures...
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] expenses that have been incurred but have not been paid at the end of the accounting period (i.e. property taxes, electricity, salaries) [1]
Accrued Liabilities
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] Compensation expense (+E, -SE)..........125,000 Accrued Vacation Liability (+L)............125,000 [1]
adjusting entry for vacation time of $125,000
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] perform a service; take a vacation [1]
under the matching concept, the cost of vacation time must be recorded when employees _____ rather than when they ______
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] Accrued vacation liability (-L) Cash (-A) [1]
when vacations are taken...
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] payroll taxes [1]
federal, state, local income taxes, social security taxes, and federal/state unemployment taxes are...
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] Federal Income Tax Withheld [1]
FITW
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] Social Security taxes that are imposed equally on the employer and employee [1]
FICA Taxes
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] employee compensation expense [1]
includes all funds earne dby employees as well as funds paid to others on behalf of employees
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] Federal Unemployment Tax Act [1]
FUTA
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] interest associated with the use of money over time [1]
Time Value of Money
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] expense, revenue [1]
to the borrower, interest is an _____; to the creditor, it is _____
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] principal x interest rate x time [1]
Interest =
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] long-term debt, current liabilitiy [1]
to provide accurate info on its current liabilities, a company must reclassify its ______ as a _________ within a year of its maturity date
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] when a company collects cash before the related revenue has been earned (before providing the service) [1]
deferred revenues
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] potential liability that has arisen as the result of a past event; is not effective until some future event occurs [1]
contingent liability
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] the dollar difference between total current assets and total current liabilities [1]
working capital
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] it may not meet its obligations to creditors [1]
if a business has too little working capital...
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] it may have unproductive assets and incur additional costs [1]
if a business has too much working capital...
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] all the of the tnity's obligations not classified as current liabilities [1]
long-term liabilities
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] a liability supported by an agreement that if it's not satisified, the creditor can take ownership [1]
secured debt
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] raising long-term debt from a financial service organization [1]
private placement
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] a written promise to pay a stated sum at one or more specified future dates called MATURITY DATES [1]
note payable
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] publicly traded debt that exceeds the financial ability of any single creditor [1]
bonds
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] when an asset is leased on a short-term basis - does not meet criteria established by GAAP and not recorded as a liability [1]
operating lease
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] leasing of an asset on a long-term basis; meets at least 1 of 4 GAAP criteria; recorded as an asset and liability [1]
capital lease
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] - lease term is 75% or more of asset's expected economic life - owernship of asset is transferred to lessee at end of lease term - lease contract permits lessee to purchase asset at a price lower than its FMV - present value of lease payments if 90% or more of FMV of asset when lease is signed [1]
4 Criteria for Leases
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] operating [1]
managers prefer recording leases as (operating/capital) so they can report less debt on the balance sheet
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] the current value of an amount otbe received in the future a future amount discounted for compound interest [1]
present value
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] 1/(1+i)^n x amount [1]
present value =
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
0a6808cd_ng_Ch__9_Flashcards___Cram_com__1
[2] a series of periodic cash receipts or payments that are equal in amount each interest period [1]
annuity
[]
Accounting Ch. 9 Flashcards - Cram.com
1
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
3b4266b3_sh_cards_Flashcards___Cram_com__r_units_aircraft_and_equipment
Other than teaching, what is the mission of the Maintenance Training Flight?
To serve as MXG single point of contact for all training matters affecting maintenance and to be responsible for overall management and control of the training management subsystem of IMDS-CDB
[]
hard flash cards Flashcards - Cram.com
To track analyze, and present information to help various levels of leadership assess the health of their units aircraft and equipment
http://www.cram.com/flashcards/hard-flash-cards-2117180
16/1438042988312.76_20150728002308-00315-ip-10-236-191-2_387333718_0.json
3b4266b3_sh_cards_Flashcards___Cram_com__r_units_aircraft_and_equipment
With regard to monthly SORTS reporting, what function does the programs and resources flight serve?
They are the central agency for gathering SORTS data for MXG and compiling this data into a report that is reviewed by MXG leadership.
[]
hard flash cards Flashcards - Cram.com
To track analyze, and present information to help various levels of leadership assess the health of their units aircraft and equipment
http://www.cram.com/flashcards/hard-flash-cards-2117180
16/1438042988312.76_20150728002308-00315-ip-10-236-191-2_387333718_0.json
3b4266b3_sh_cards_Flashcards___Cram_com__r_units_aircraft_and_equipment
What is the primary mission of QA?
To evaluate the quality of maintenance accomplished in MXG and to perform necessary functions to magae the organizations maintenance standardization and evaluation program
[]
hard flash cards Flashcards - Cram.com
To track analyze, and present information to help various levels of leadership assess the health of their units aircraft and equipment
http://www.cram.com/flashcards/hard-flash-cards-2117180
16/1438042988312.76_20150728002308-00315-ip-10-236-191-2_387333718_0.json
3b4266b3_sh_cards_Flashcards___Cram_com__r_units_aircraft_and_equipment
What is the basic mission of an AMU?
To lauch and recover aircraft and perform the necessary servicing, inspections and maintenance to support daily aircraft flying operations
[]
hard flash cards Flashcards - Cram.com
To track analyze, and present information to help various levels of leadership assess the health of their units aircraft and equipment
http://www.cram.com/flashcards/hard-flash-cards-2117180
16/1438042988312.76_20150728002308-00315-ip-10-236-191-2_387333718_0.json
3b4266b3_sh_cards_Flashcards___Cram_com__r_units_aircraft_and_equipment
What are some of the information elements that debrief personnel enter into the applicable Maintenance Information System?
Discrepency and deviation information utilization, and applicable flight data (including landing status) system capability, and other applicable codes
[]
hard flash cards Flashcards - Cram.com
To track analyze, and present information to help various levels of leadership assess the health of their units aircraft and equipment
http://www.cram.com/flashcards/hard-flash-cards-2117180
16/1438042988312.76_20150728002308-00315-ip-10-236-191-2_387333718_0.json
3b4266b3_sh_cards_Flashcards___Cram_com__r_units_aircraft_and_equipment
What does an aircraft landing status code of 2 mean with regard to aircraft or system condition?
Aircraft or system has minor discrepancies but is capable of further mission assignment within normal turnaround times
[]
hard flash cards Flashcards - Cram.com
To track analyze, and present information to help various levels of leadership assess the health of their units aircraft and equipment
http://www.cram.com/flashcards/hard-flash-cards-2117180
16/1438042988312.76_20150728002308-00315-ip-10-236-191-2_387333718_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] funds supplied by creditors [2]
debt
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] funds provided by owers [2]
equity
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] liabilities [2]
probable debts or obligations that result from past transactions, which will be paid with assets or services
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] interested paid (is/is not) included in the reproted amount of the liability because it _____ [2]
is not; accrues
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] current liabilities [2]
short-term obligations that will be paid iwthin the current operating cycle or one year (whichever is longer)
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] liquidity [2]
the ability to pay current obligations
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] a company has liquidity if __________ [2]
it is able to pay its current obligations
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] Quick Assets / Current Liabilities [2]
Quick Ratio
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] quick assets [2]
cash, marketable securities, and accounts receivable
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] Quick Ratio measures... [2]
the level of liquidity
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] specific operating activities are financed in part by a related___ ___ [2]
current liability
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] delaying payment to suppliers to conserve cash (is/is not) advisable because it ruins positive relationships with suppliers [2]
not
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] Cost of Goods Sold / Average Accounts Payable [2]
Accounts Payable Turnover
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] Accounts payable turnover measures... [2]
how quickly management is paying its trade accounts
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] Accrued Liabilities [2]
expenses that have been incurred but have not been paid at the end of the accounting period (i.e. property taxes, electricity, salaries)
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] adjusting entry for vacation time of $125,000 [2]
Compensation expense (+E, -SE)..........125,000 Accrued Vacation Liability (+L)............125,000
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] under the matching concept, the cost of vacation time must be recorded when employees _____ rather than when they ______ [2]
perform a service; take a vacation
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] when vacations are taken... [2]
Accrued vacation liability (-L) Cash (-A)
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] federal, state, local income taxes, social security taxes, and federal/state unemployment taxes are... [2]
payroll taxes
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] FITW [2]
Federal Income Tax Withheld
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] FICA Taxes [2]
Social Security taxes that are imposed equally on the employer and employee
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] includes all funds earne dby employees as well as funds paid to others on behalf of employees [2]
employee compensation expense
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] FUTA [2]
Federal Unemployment Tax Act
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] Time Value of Money [2]
interest associated with the use of money over time
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] to the borrower, interest is an _____; to the creditor, it is _____ [2]
expense, revenue
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] Interest = [2]
principal x interest rate x time
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] to provide accurate info on its current liabilities, a company must reclassify its ______ as a _________ within a year of its maturity date [2]
long-term debt, current liabilitiy
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] deferred revenues [2]
when a company collects cash before the related revenue has been earned (before providing the service)
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] contingent liability [2]
potential liability that has arisen as the result of a past event; is not effective until some future event occurs
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] working capital [2]
the dollar difference between total current assets and total current liabilities
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] if a business has too little working capital... [2]
it may not meet its obligations to creditors
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] if a business has too much working capital... [2]
it may have unproductive assets and incur additional costs
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] long-term liabilities [2]
all the of the tnity's obligations not classified as current liabilities
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] secured debt [2]
a liability supported by an agreement that if it's not satisified, the creditor can take ownership
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] private placement [2]
raising long-term debt from a financial service organization
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] note payable [2]
a written promise to pay a stated sum at one or more specified future dates called MATURITY DATES
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] bonds [2]
publicly traded debt that exceeds the financial ability of any single creditor
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] operating lease [2]
when an asset is leased on a short-term basis - does not meet criteria established by GAAP and not recorded as a liability
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] capital lease [2]
leasing of an asset on a long-term basis; meets at least 1 of 4 GAAP criteria; recorded as an asset and liability
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json
87c447de_ng_Ch__9_Flashcards___Cram_com__2
[1] 4 Criteria for Leases [2]
- lease term is 75% or more of asset's expected economic life - owernship of asset is transferred to lessee at end of lease term - lease contract permits lessee to purchase asset at a price lower than its FMV - present value of lease payments if 90% or more of FMV of asset when lease is signed
[]
Accounting Ch. 9 Flashcards - Cram.com
2
http://www.cram.com/flashcards/accounting-ch-9-1968706
16/1438042987866.61_20150728002307-00073-ip-10-236-191-2_389275052_0.json