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As of December 31, 2015, Calexico Company has assets of $42,000 and stockholders' equity of $20,000. What are the liabilities for Calexico Company as of December 31, 2015? - $22,000. $42,000 - $20,000 = $22,000 If total liabilities decreased by $30,000 and stockholders' equity increased by $20,000 during a period of time, then total assets must change by what amount and direction during that same period? - $10,000 decrease $20,000 - $30,000 = ($10,000) The accounting equation for Quattr...

Accounting - The system of recording, reporting, and summarizing past financial information and transactions. Accounts Receivable Turnover (AR Turnover) - An activity ratio found by credit sales divided by accounts receivable. Activity Ratios - A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and profitability. Additional Funds Needed (AFN) - Another name for the discretionary financing needed or exte...

Which of these is true regarding the exchange of consideration among parties involved in an insurance contract? Can be unequal The premiums paid by an employer for his employee's group life insurance are usually considered to be? Tax-deductible to the employer Kevin has an existing life insurance policy and assigns it to another insurer for a new contract. How would this transaction be treated for tax purposes? As a section 1035 exchange Which of these is NOT a common life insurance nonfo...

A Tennessee licensee must use the "Exclusive Right to Sell" form required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency is a limited agency. When must the contract be in writing? John is agreeing to sell his shed to Shawn for $1,000. One disadvantage in using active listings for comparables is they provide somewhat dubious comparisons because listing prices are not selling prices. Why is it sometimes necessary to inclu...

AASHTO R-66 Definition - Liquid asphalt MATERIALs include Asphalt Binder/Asphalt Cement and Asphalt Emulsion AASHTO R-97 Definition - Asphalt MIXTURES include concrete or Hot Mix Asphalt (HMA) Asphalt Binder - -Asphalt cement -High viscosity at ambient temperatures -Upon heating, becomes liquid and can be mixed with aggregates to produce HOT MIX ASPHALT (HMA) Emulsified Asphalt - -Mixture of Asphalt Binder, water, and emulsifying agent. -Liquid at ambient temperature -Primarily diluted a...

What makes up a quality asphalt mixture? - A quality asphalt mixture is determined by the constructability, if it conforms to Specifications, and if it satisfies functional requirements. CQC - contractor quality control Superpave - Asphalt mix design system since 1998 QCP - Quality control plan QCM - Quality control Manual QC - Quality Control (Contracting Testing and Inspection) VT - Verification Testing (FDOT or CEI Verification) CEI - Construction Engineering and Inspection RT - Reso...

Automatic Standpipe System - A standpipe system that is attached to a water supply capable of supplying the system demand at all times and that requires no action other than opening a hose valve to provide water at hose connections. Churning - A condition in a centrifugal in which the impeller is rotating, but no water is being discharged. Combination Standpipe and Sprinkler System - A system where the water piping service both 2 1/2in (65) outlet for fire Department use and oulet for auto...

Alarm Notification Appliance - A fire alarm system component, such as a bell, horn, speaker, light, text display or vibration device that issues an audible, tactile, and/or visual alert Alarm Signal - a signal indicating an emergency requiring immediate action, such as a signal indicative of fire Antifreeze Sprinkler System - A wet pipe sprinkler system employing automatic sprinklers that are attached to a piping system that contains an antifreeze solution and is connected to a water supply...

Carbohydrates Provide a source of energy Vitamins regulate body processes Minerals regulate body processes Water helps eliminate waste Proteins provide a source of energy, regulates body processes SNAP (Supplemental Nutrition Assistance Program) Low income families may apply to receive help in purchasing groceries WIC (Women, Infants, and Children) a program that provides help for nutrition and health care to low-income women, infants, and children up to age 5 NSLP (National School Lunc...

Police car crashes are the ____ most common cause of death for officers. - 2nd Kinetic Energy - Energy an objext possesses by being in motion. Momentum - Is the combined mass + velocity of an object. An object in motion tends to remain in motion until acted upon by an outside force. Frequent ______ can help reduce the chances of mechanical or performance failures. - Vehicle Inspections When inspecting the exterior of the MV you want to look for what? - Fluids, leaks & damage. Remove Dirt/...