Career Tips  Quiz Yourself  What's in a Title?  Accounting/Finance Links  Find jobs with Olsten Financial Staffing Test yourself Here's a chance to test your Finance and Accounting knowledge. The questions here are a sampling of what you might find on the different evaluations in our Olsten Financial Staffing offices. This on-line quiz is is strictly for your own enjoyment! Your Name (for the hall of fame) General 1-Information about the following topics would be considered confidential: Brand of computer system Communication devices Daily receipts Sales terms Basic Bookkeeping 2-The primary purpose of the trial balance is to determine: that all transactions have been entered into the journals that the general ledger totals are in balance the correctness of the amounts in the journals 3-The interest on a bank loan of $90,000 @ 6% for 6 months is: $2,200 $2,700 $3,200 Financial Analysis 4-Managers use certain financial statements in analyzing a company's performance. These statements include all of the following EXCEPT: Income Statement Balance Sheets Schedule of Cash Receipts Statements of Cash Flows 5-Which of the following would be considered a current asset? Equipment Accounts Payable Short-Term Investments Capital Stock 6-An analysis of the Income Statement will provide all information needed to determine: Gross Profit Accounts Receivable Turnover Current Rates Inventory Turnover Collections 7-A creditor is someone who ______. pays off people's loans is a good credit risk is owed money has reason to distrust a debtor 8-If a third party answers the telephone, the best thing to do is _____. leave a message lie about the reason you called say that you are an attorney say that your call is about personal business Personal Tax 9-A taxpayer who is legally separated is the sole support of a parent who lives in a nursing home. The taxpayer should file as: Single Married Filing Separately Head of Household Joint 10-A landlord receives the first year's rent of $5,000, an advance payment of rent of $5,000 for the last year of a ten-year lease and a security deposit of $4,000. What income should the landlord report for the year? $5,000 $9,000 $10,000 $14,000 11-A taxpayer incurred $300 as the cost of meals and entertainment on a business trip. The amount deductible is: $300 $150 $60 0 Basic Accounting 12-Which financial statement shows the amount of sales? Balance Sheet Income Statement Statement of Retained Earnings 13-Which of the following would NOT appear on the Income Statement? Cash Salaries Advertising 14-An asset is purchased for $10,500 with no salvage value. It has a life of ten years. Using the Straight Line Method, what is the first year's depreciation? $10,500 $1,500 $105 none of these