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WorksheetsAg Mech. II Obj. 2.01- SAE
Total questions: 16
Worksheet time: 8mins
Students engaged in jobs outside of regular classroom hours that may be paid or unpaid, such as working at a farm supply store, are participating in which type of SAE?
Analytical
Entrepreneurship
Improvement
Placement
A student conducting activities that increase the value and enhance the appearance of his/her family home is participating in which type of SAE program?
Entrepreneurship
Experimental
Improvement
Placement
What should be a person's first step in choosing a career?
consider one's interests, abilities, and characteristics
study the requirements of the job
get work experience
prepare a plan
After a student has evaluated his or her own interests and has narrowed the field of jobs, then the student should:
apply for a job
go for a job interview
complete a job application
study the requirements of the job
Because students’ first career choice may be unfeasible, they should:
get angry
refuse to work
quit school or college
plan for alternative careers
For a school-to-work employment plan to help a student, the plan must be:
signed by the principal
implemented
complex
simple
If a small-engine shop owner has a $250,000 mortgage and owes Farm Credit Service $30,000 for this year’s payment, what amount should be entered on the noncurrent liability line of the financial statement?
$30,000
$220,000
$250,000
$280,000
If Becky has a $500,000 mortgage on her land and buildings, and she owes Farm Credit Service $60,000 for this year’s mortgage payment, what amount should be entered on the current liability line of the financial statement?
$60,000
$440,000
$500,000
$560,000
If a business has $10,000 cash on hand, $25,000 in a checking account, and land valued at $300,000, on which line of a financial statement should the $335,000 total be entered?
Net worth
Total assets
Total liabilities
Current assets
A financial statement lists mortgages due after the current year as:
current assets
current liabilities
noncurrent assets
noncurrent liabilities
If a tractor dealer’s inventory shows supplies worth $41,000 and land valued at $200,000, what amount should be entered on the nondepreciable inventory line of the financial statement?
$400
$41,000
$200,000
$241,000
If a welding shop has total assets of $500,000 and total liabilities of $300,000, what amount would be the correct entry on the net worth line of a financial statement?
$200,000
$300,000
$500,000
$800,000
On a net worth statement, net worth is the same as:
current assets
equity
The part of a net worth statement that shows all debts is:
current liabilities
debt-to-equity ratio
inventory
total liabilities
On a financial statement, items that can be quickly converted to cash or that will be sold within 12 months are:
current assets
current liabilities
equity
net worth
On a financial statement, net worth is:
current assets minus current liabilities.
current liabilities plus current assets.
total assets minus total liabilities.
total assets plus total liabilities.
