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