EXAM 2 SPRINT · CH. 4–6 0:00 · target 15:00/chapter
Rehearse the exam you are actually taking.
Ch.4 Cash & Internal Controls
Food Truck — Short Drawer Week
Your truck took $1,240 cash this week. The bank shows $1,090 deposited. Outstanding checks: $85. A $15 bank fee hit. Your helper counted the drawer alone on Friday — and Friday is $40 short.
Ch.5 Receivables & Sales
Catering — The Client Who Folded
Bistro catering bought $900 on credit, terms 2/10 net 30. Day 10 passes unpaid. Day 30: they fold. Your aging shows $900 in 31-60 days. Allowance rate for that bucket: 20%.
Ch.6 Inventory & COGS
Sneaker Shop — The Drop
Drop log (your own purchases): Buy 10 pairs @ $40, then 10 @ $50, then 10 @ $60. You sell 15 pairs @ $120. Prices are rising — method choice is money.
Your Exam 2 Readiness
CH4: not started
CH5: not started
CH6: not started
Finish all 12 to file your readiness. Deb explains only after you commit — like the exam, but kinder afterwards.