Upwork Finance and Accounting

/Upwork Finance and Accounting

PC Graphics Test

1 Which of the following is/are basic phases of creating 3-D computer graphics? Answers: 3-D modeling 3-D rendering Transmogrification Computer animation 2 Which of the following are common shading models? Answers: Cortez flat Gouraud Phong 3 Which of the following statements about pixels are true? (Answer all that apply) Answers: A pixel has a dimension [...]

By | October 28th, 2015|Upwork Finance and Accounting|0 Comments

Venture Capital Test

1. What level of involvement will a venture capital firm typically have? Answers: None; their investment is passive Very active; a venture capital team member will be on site daily Somewhat active; weekly visits to the target company No day to day involvement; involvement through participation in the board of directors only 2. How are [...]

By | October 15th, 2015|Upwork Finance and Accounting|0 Comments

Statistics Test

1. Prior experience and situational analysis are important in making decisions when a person does not have enough information to calculate the probability of occurrence of an event. Answers: True False 2. The following are data collection methods except: Answers: Surveys Observation Sampling Designed experiments 3. Population parameters include the following except: Answers: population mean [...]

By | October 15th, 2015|Upwork Finance and Accounting|0 Comments

General Financial Accounting Test

1. Which of the following is NOT an example of a period expense? Answers: Administrative costs Inventory costs Accounting costs Selling costs 2. Which of the journal entries below is incorrectly recorded? Answers: Dr: Cash, Cr: Investment in ABC Co. - Sale of an investment for cash Dr: Prepaid Insurance, Dr: Cash - Paid in [...]

By | October 15th, 2015|Upwork Finance and Accounting|0 Comments

Financial Reporting Test

1. Which of the following is not a fundamental of accounting? Answers: Materiality Timeliness Matching Magnitude 2. What does the indirect method of preparing the cash flow statement effectively accomplish? Answers: It keeps the use of cash vague so the reader cannot tell the exact use It is a less detailed summary version of use [...]

By | October 14th, 2015|Upwork Finance and Accounting|0 Comments

Financial Forecasting Test

1. A company has a post-money valuation of $500,000. The last investor put in $100,000. The pre-money valuation before the investor came in was _________________. Answers: $400,000 $600,000 $1,000,000 $100,00 2. Why does a Balance Sheet balance (assets = liabilities + equity)? Answers: It is required by law. Companies force it to balance. Accounting is [...]

By | October 14th, 2015|Upwork Finance and Accounting|0 Comments

Financial Analysis Test

1. What is financial analysis? Answers: Comparing ratios using numbers from the income statement and balance sheet Determining a company's financing needs Determining the pricing model for the next year Determining the company's stock price 2. Why would a company calculate their Risk Adjusted Return on Capital? Answers: Is required by the SEC Auditors will [...]

By | October 14th, 2015|Upwork Finance and Accounting|0 Comments

Accounts Payable Test

1. What level of detail should invoices contain? Answers: Summary, only the total due Totals by item Totals by date Specific details - dates, quantities, individual pricing 2. Why do companies require deposits & advances? Answers: They don't trust the customers to pay It improves cash flow, especially for long duration projects They want to [...]

By | October 13th, 2015|Upwork Finance and Accounting|0 Comments

Accounting Skills Test (Cash Flow)

1. Which of the following would be included in the investing section of a cash flow statement? Answers: Proceeds from sale of equipment Proceeds from sale of long-term investments Proceeds from sale of marketable securities All of the above would be included in the investing section. 2. In 2007, XYZ Company had a net loss [...]

By | October 13th, 2015|Upwork Finance and Accounting|0 Comments

Accounting Principles Test

1. Which of the following is a method of timing business transactions or choosing accounting principles so that the firm reports smaller variations in income from year to year than it would otherwise? Answers: Conservatism Income Smoothing Profit Maximization Least and Latest Rule 2. What is the accounting objective which best relates to the percentage [...]

By | October 13th, 2015|Upwork Finance and Accounting|0 Comments