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  Personally certify the company’s financial statements.
B  Be compensated only when the company is profitable.
C  Hire an independent auditor.
D  Work more than 40 hours per week.
Question #3
A  An error by the bank.
B  Deposits outstanding.
C  Interest on bank deposit.
D  Checks outstanding.
Question #4
A  Receipt of cash from selling a building.
B  Payment for prepaid insurance.
C  Payment of dividends to stockholders.
D  Receipt of cash from bank borrowing.
Question #5
A  Important documents should be kept in a safe place, and electronic files should be backed up regularly.
B  Management periodically determines whether the amount of physical assets agree with the accounting records.
C  The company should establish formal guidelines to handle cash receipts and make purchases.
D  Employees should be made aware of the company’s internal control policies.
Question #6
A  Ensure checks are serially numbered and signed only by authorized employees.
B  Employees responsible for making cash disbursements should also be in charge of cash receipts.
C  Require only one signature for larger checks.
D  The employee who authorizes payment should also be the employee who prepares the check.
Question #7
A  As owners of the company.
B  In their own best interest.
C  As creditors of the company.
D  As stewards of the company’s assets.
Question #8
A  Pay employee salaries at the end of each period.
B  Provide cash on hand for minor expenditures.
C  Provide a convenient form of payment for the company’s customers.
D  Allow the company to save cash for major future purchases.
Question #9
A  Use accrual-basis accounting.
B  File reports with the Securities and Exchange Commission.
C  File their tax return with the Internal Revenue Service.
D  Use either cash or accrual- basis accounting.
Question #10
A  Enacted the Securities and Exchange Commission.
B  Passed the Sarbanes-Oxley Act.
C  Organized the Internal Revenue Service.
D  Established the Financial Accounting Standards Board.
Question #11
A  Cash received from the issuance of common stock.
B  Cash paid for supplies.
C  Cash received from the sale of a used company truck.
D  Cash received from a customer.
Question #12
A  Cash received from a bank loan.
B  Cash paid for supplies.
C  Cash received from the issuance of common stock.
D  Cash received from the sale of a used company truck.
Question #13
A  Debit card sales, checks received from customers and coins and currency.
B  Coins and currency.
C  Checks received from customers.
D  Debit card sales.
Question #14
A  Increased regulations related to auditor–client relations, increased regulations related to corporate executive accountability and increased regulations related to internal control.
B  Increased regulations related to corporate executive accountability.
C  Increased regulations related to auditor–client relations.
D  Increased regulations related to internal control.
Question #15
A  Payment for employee salaries.
B  Services provided to customers on account.
C  Repayment of borrowed money.
D  Payment for a new operating equipment.
Question #16
A  The employee responsible for making cash disbursements should be in charge of cash receipts.
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  Set maximum purchase limits on debit cards and credit cards.
Question #17
A  Maintain normal operations.
B  Respond quickly to new opportunities.
C  Maintain normal operations, respond quickly to new opportunities and prevent bankruptcy.
D  Prevent bankruptcy.
Question #18
A  All vouchers written during the accounting period.
B  The amount of cash used to establish the fund.
C  The amount of cash withdrawn from the fund during the accounting period.
D  The established balance of the fund less all vouchers written during the accounting period.
Question #19
A  Accounts receivable.
B  Investments with maturity dates greater than three months.
C  Checks received from customers.
D  Accounts payable.
Question #20
A  Subtracted from the bank’s cash balance.
B  Subtracted from the company’s cash balance.
C  Added to the bank’s cash balance.
D  Added to the company’s cash balance.
Question #21
A  Deposits outstanding.
B  Interest on bank deposit.
C    
D  Bank service fees.
E  NSF check.
Question #22
A  Subtracted from the bank’s cash balance.
B    
C  Added to the company’s cash balance.
D  Added to the bank’s cash balance.
E  Subtracted from the company’s cash balance.
Question #23
A  Investment in short-term securities.
B  Cash held in the bank.
C  Cash used to pay employee salaries.
D  Cash on hand to pay for minor purchases.
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  Allowing customers to pay with a credit card.
C  Recording cash receipts as soon as they are received.
D  Requiring the employee receiving the cash from the customer to also deposit the cash into the company’s bank account.
Question #26
A  NSF checks.
B  An error by the company.
C  Service fees.
D  Checks outstanding.
Question #27
A  Improper asset valuation, fictitious revenues from a fake customer and mismatching revenues and expenses.
B  Mismatching revenues and expenses.
C  Fictitious revenues from a fake customer.
D  Improper asset valuation.
Question #28
A  Timing differences of recording cash transactions by the company and by the bank.
B  Cash theft by the company’s employees.
C  Accounting errors made by the bank.
D  Accounting errors made by the company.
Question #29
A  Payment for advertising.
B  Payment of dividends to stockholders.
C  Payment for land.
D  Cash sales to customers.
Question #31
A  The person who makes deposits should NOT record the deposits.
B  The same person who makes deposits should also record the deposits.
C  Only checks are used for payment of purchases and the same person who makes deposits should also record the deposits.
D  Only checks are used for payment of purchases.
Question #32
A  Accountability through separation of duties.
B  The ethical tone set by top management.
C  The reliability of financial information.
D  The risk of failing to achieve company objectives.
Question #33
A  Prepaid insurance.
B  Amounts held in checking accounts.
C  Investments in a 6-month Certificate of Deposit.
D  Credit card purchases.
Question #34
A  Cash is debited.
B  Retained Earnings is debited.
C  Expenses are credited.
D  Accounts Payable is credited.
Question #35
A  Employee fraud is less likely to occur when access to assets and access to accounting records are separated.
B  The company’s financial accountant should not share information with the company’s tax accountant.
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  Deposits outstanding.
B  Checks outstanding.
C  Interest earned.
D  An error by the bank.
Question #37
A  The company’s stockholders.
B  The company’s top executives.
C  The company’s external auditors.
D  The company’s board of directors.
Question #38
A  Accounts Payable.
B  Supplies Expense.
C  Supplies.
D  Cash.
Question #39
A  Corporate scandals involving unethical behavior of top executives.
B  Increasing inflation.
C  The establishment of the Securities and Exchange Commission (SEC).
D  Increasing pressure of foreign competition for American products and services.
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 help managers determine which projects are likely to be more profitable.
D  To assist top executives in planning employment capacity.