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NOCTI: Financial and Investment Planning Practice Questions and Answers (100% Pass)
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NOCTI: Financial and Investment Planning Practice Questions and Answers (100% Pass) How do use accounting procedures in a financial environment? - Answer️️ --bookkeeping -month-end close -taxes -payroll -personal finances How do you employ marketing procedures to forward organizational...

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  • August 27, 2024
  • 31
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • nocti financial and investment planning practice

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  • NOCTI EOPA
  • NOCTI EOPA

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SophiaBennett

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©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM


NOCTI: Financial and Investment
Planning Practice Questions and
Answers (100% Pass)

How do use accounting procedures in a financial environment? -
Answer✔️✔️--bookkeeping

-month-end close

-taxes

-payroll

-personal finances

How do you employ marketing procedures to forward organizational
goals? - Answer✔️✔️--to promote the business

-earn more customers

-earn revenue by drawing customers in

How to utilize customer service skills to work effectively with customers? -
Answer✔️✔️--surveys

-informations on customer

-expending habits

-demographic

-psychographics



1

,©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM

How to perform accounting function with computers and related software?
- Answer✔️✔️--excel

-journal entries

-balance sheets

-financial documents

The balance according to the bank statement is $35,782. Outstanding checks
total $19,573. Deposits in transit total $7,210. What is the adjusted bank
balance? - Answer✔️✔️-$23,419

An invoice dated on March 10 with the terms 3/60, n/90 means that a 3
percent discount will be given if the invoice is paid on or before -
Answer✔️✔️-May 9

What is a non-taxable source of income? - Answer✔️✔️-Child support
payments

What are examples of good accounting skills? - Answer✔️✔️--business
knowledge

-tech. skills

-communication skills

-leadership

Top Five Skills? - Answer✔️✔️--big data analysis

-coding and programing




2

,©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM

-project management

-social media experience

-technical writing

Asset - Answer✔️✔️-property owned by a person or company, regarded as
having value and available to meet debts, commitments, or legacies.

Equity - Answer✔️✔️-the value of the shares issued by a company.

Liability - Answer✔️✔️-a thing for which someone is responsible, especially
a debt or financial obligation.

Capital - Answer✔️✔️-wealth in the form of money or other assets owned by
a person or organization or available or contributed for a particular
purpose such as starting a company or investing.

Investment - Answer✔️✔️-The action of process of investing money for
profit or material result.

Stock - Answer✔️✔️-the goods or merchandise kept on the premises of a
business or warehouse and available for sale or distribution.

Balance Sheet - Answer✔️✔️-a statement of the assets, liabilities, and capital
of a business or other organization at a particular point in time, detailing
the balance of income and expenditure over the preceding period.

Income Statement - Answer✔️✔️-A financial statement showing the revenue
and expenses for a fiscal period.




3

, ©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM

Statement of Cash Flows - Answer✔️✔️-A financial statement that provides
financial information about the cash receipts and cash payments of a
business for a specific period of time.

Statement of Owner's Equity - Answer✔️✔️-record of the change in owners'
equity from the end of one fiscal period to the end of the next

Net income - Answer✔️✔️-the difference between total revenue and total
expenses when total revenue is greater

Bond - Answer✔️✔️-A debt instrument, a bond is essentially a loan that you
are giving to the government or a company in exchange for a pre-set
interest rate.

Stock - Answer✔️✔️-A type of investment that gives you partial ownership
of a publicly traded company.

Mutual Fund - Answer✔️✔️-An investment vehicle that allows you to invest
your money in a professionally-managed portfolio of assets that,
depending on the specific fund, could contain a variety of stocks, bonds, or
other investments.

Exchange-traded fund (ETF): - Answer✔️✔️-Funds - sometimes referred to
as baskets or portfolios of securities - that trade like stocks on an exchange.
When you purchase an ETF, you are purchasing shares of the overall fund
rather than actual shares of the individual underlying investments.




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