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Post Test: Introduction to Accounting
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Select the correct answers from each drop-down menu.
Joe and Andy are accounting assistants at a particular company. They have been asked by the management to make a decision about changing
an accounting procedure. What is this aspect of accounting?
When accountants use financial data to make non-financial decisions on behalf of the company, it is known as
analysis.

Which website did you use to find the image you used in your career presentation? complete sentences are not necessary.

Jansen company borrowed $12,000 on a 1-year, 5 percent note payable from the local bank on april 1. interest was paid quarterly, and the note was repaid one year from the time the money was borrowed. calculate the amount of cash payments jansen was required to make in each of the two calendar years that were affected by the note payable.

Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment