iWriteGigs

Fresh Grad Lands Job as Real Estate Agent With Help from Professional Writers

People go to websites to get the information they desperately need.  They could be looking for an answer to a nagging question.  They might be looking for help in completing an important task.  For recent graduates, they might be looking for ways on how to prepare a comprehensive resume that can capture the attention of the hiring manager

Manush is a recent graduate from a prestigious university in California who is looking for a job opportunity as a real estate agent.  While he already has samples provided by his friends, he still feels something lacking in his resume.  Specifically, the he believes that his professional objective statement lacks focus and clarity. 

Thus, he sought our assistance in improving editing and proofreading his resume. 

In revising his resume, iwritegigs highlighted his soft skills such as his communication skills, ability to negotiate, patience and tactfulness.  In the professional experience part, our team added some skills that are aligned with the position he is applying for.

When he was chosen for the real estate agent position, he sent us this thank you note:

“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush’s story shows the importance of using powerful keywords to his resume in landing the job he wanted.

Chapter 4 Quiz

Navigation   » List of Schools  »  Glendale Community College  »  Accounting  »  Accounting 101 – Financial Accounting  »  Spring 2021  »  Chapter 4 Quiz

Need help with your exam preparation?

Below are the questions for the exam with the choices of answers:

Question #1
A  Cash received from the issuance of common stock.
B  Cash received from the sale of a used company truck.
C  Cash paid for supplies.
D  Cash received from a customer.
Question #2
A  Hire an independent auditor.
B  Work more than 40 hours per week.
C  Be compensated only when the company is profitable.
D  Personally certify the company’s financial statements.
Question #3
A  Checks outstanding.
B  Interest on bank deposit.
C  An error by the bank.
D  Deposits outstanding.
Question #4
A  Receipt of cash from bank borrowing.
B  Payment of dividends to stockholders.
C  Receipt of cash from selling a building.
D  Payment for prepaid insurance.
Question #5
A  Management periodically determines whether the amount of physical assets agree with the accounting records.
B  The company should establish formal guidelines to handle cash receipts and make purchases.
C  Employees should be made aware of the company’s internal control policies.
D  Important documents should be kept in a safe place, and electronic files should be backed up regularly.
Question #6
A  Ensure checks are serially numbered and signed only by authorized employees.
B  Require only one signature for larger checks.
C  Employees responsible for making cash disbursements should also be in charge of cash receipts.
D  The employee who authorizes payment should also be the employee who prepares the check.
Question #7
A  As owners of the company.
B  As creditors of the company.
C  In their own best interest.
D  As stewards of the company’s assets.
Question #8
A  Provide cash on hand for minor expenditures.
B  Allow the company to save cash for major future purchases.
C  Provide a convenient form of payment for the company’s customers.
D  Pay employee salaries at the end of each period.
Question #9
A  File reports with the Securities and Exchange Commission.
B  File their tax return with the Internal Revenue Service.
C  Use accrual-basis accounting.
D  Use either cash or accrual- basis accounting.
Question #10
A  Passed the Sarbanes-Oxley Act.
B  Organized the Internal Revenue Service.
C  Enacted the Securities and Exchange Commission.
D  Established the Financial Accounting Standards Board.
Question #11
A  Cash received from a customer.
B  Cash paid for supplies.
C  Cash received from the sale of a used company truck.
D  Cash received from the issuance of common stock.
Question #12
A  Cash paid for supplies.
B  Cash received from the sale of a used company truck.
C  Cash received from a bank loan.
D  Cash received from the issuance of common stock.
Question #13
A  Coins and currency.
B  Debit card sales.
C  Debit card sales, checks received from customers and coins and currency.
D  Checks received from customers.
Question #14
A  Increased regulations related to corporate executive accountability.
B  Increased regulations related to auditor–client relations.
C  Increased regulations related to auditor–client relations, increased regulations related to corporate executive accountability and increased regulations related to internal control.
D  Increased regulations related to internal control.
Question #15
A  Repayment of borrowed money.
B  Payment for employee salaries.
C  Services provided to customers on account.
D  Payment for a new operating equipment.
Question #16
A  Set maximum purchase limits on debit cards and credit cards.
B  Make all cash disbursements using cash rather than debit cards or credit cards.
C  The employee who authorizes payments should also prepare the check.
D  The employee responsible for making cash disbursements should be in charge of cash receipts.
Question #17
A  Maintain normal operations, respond quickly to new opportunities and prevent bankruptcy.
B  Respond quickly to new opportunities.
C  Prevent bankruptcy.
D  Maintain normal operations.
Question #18
A  The amount of cash used to establish the fund.
B  All vouchers written during the accounting period.
C  The established balance of the fund less all vouchers written during the accounting period.
D  The amount of cash withdrawn from the fund during the accounting period.
Question #19
A  Accounts receivable.
B  Accounts payable.
C  Checks received from customers.
D  Investments with maturity dates greater than three months.
Question #20
A  Subtracted from the bank’s cash balance.
B  Added to the company’s cash balance.
C  Subtracted from the company’s cash balance.
D  Added to the bank’s cash balance.
Question #21
A  Bank service fees.
B  Interest on bank deposit.
C    
D  NSF check.
E  Deposits outstanding.
Question #22
A  Subtracted from the company’s cash balance.
B  Subtracted from the bank’s cash balance.
C    
D  Added to the company’s cash balance.
E  Added to the bank’s cash balance.
Question #23
A  Cash on hand to pay for minor purchases.
B  Cash held in the bank.
C  Investment in short-term securities.
D  Cash used to pay employee salaries.
Question #24
A  Provide financial statements.
B  Document and assess internal controls.
C  Provide healthcare for employees.
D  File their tax return with the Internal Revenue Service.
Question #25
A  Allowing customers to pay with a debit card.
B  Recording cash receipts as soon as they are received.
C  Requiring the employee receiving the cash from the customer to also deposit the cash into the company’s bank account.
D  Allowing customers to pay with a credit card.
Question #26
A  Service fees.
B  An error by the company.
C  NSF checks.
D  Checks outstanding.
Question #27
A  Improper asset valuation, fictitious revenues from a fake customer and mismatching revenues and expenses.
B  Improper asset valuation.
C  Mismatching revenues and expenses.
D  Fictitious revenues from a fake customer.
Question #28
A  Accounting errors made by the bank.
B  Cash theft by the company’s employees.
C  Accounting errors made by the company.
D  Timing differences of recording cash transactions by the company and by the bank.
Question #29
A  Payment for land.
B  Cash sales to customers.
C  Payment of dividends to stockholders.
D  Payment for advertising.
Question #31
A  Only checks are used for payment of purchases and the same person who makes deposits should also record the deposits.
B  The same person who makes deposits should also record the deposits.
C  The person who makes deposits should NOT record the deposits.
D  Only checks are used for payment of purchases.
Question #32
A  The risk of failing to achieve company objectives.
B  Accountability through separation of duties.
C  The reliability of financial information.
D  The ethical tone set by top management.
Question #33
A  Amounts held in checking accounts.
B  Credit card purchases.
C  Investments in a 6-month Certificate of Deposit.
D  Prepaid insurance.
Question #34
A  Cash is debited.
B  Retained Earnings is debited.
C  Expenses are credited.
D  Accounts Payable is credited.
Question #35
A  The company’s financial accountant should not share information with the company’s tax accountant.
B  Employee fraud is less likely to occur when access to assets and access to accounting records are separated.
C  Duties of middle-level managers of the company should be clearly separated from those of top executives.
D  The external auditors of the company should have no contact with managers while the audit is taking place.
Question #36
A  An error by the bank.
B  Deposits outstanding.
C  Interest earned.
D  Checks outstanding.
Question #37
A  The company’s stockholders.
B  The company’s top executives.
C  The company’s board of directors.
D  The company’s external auditors.
Question #38
A  Accounts Payable.
B  Supplies.
C  Supplies Expense.
D  Cash.
Question #39
A  Corporate scandals involving unethical behavior of top executives.
B  The establishment of the Securities and Exchange Commission (SEC).
C  Increasing pressure of foreign competition for American products and services.
D  Increasing inflation.
Question #40
A  To improve the accuracy and reliability of accounting information.
B  To minimize tax payments to the Internal Revenue Service (IRS).
C  To assist top executives in planning employment capacity.
D  To help managers determine which projects are likely to be more profitable.