This website uses cookies to ensure you have the best experience. Learn more

Exam Accounting Essay

274 words - 2 pages

1._____ models are mathematical models of the master budget that can react to any set of assumption about sales, costs, and product mix.

A. Budgeting analysis
B. Accounting
C. Futuring
D. Financial planning

2.A sales forecast is _____.
A. a prediction of sales under a given set of conditions
B. the same as a sales budget that will generate a desired level of sales
C. all of these answers are correct
D. the ...view middle of the document...

A. sales prediction
B. budget forecast
C. sales forecast
D. sales budget
4. _____ need cost accounting systems.

A. Manufacturing firms and service organizations
B. Manufacturing firms and nonprofit organizations
C. Manufacturing firms, service organizations, and nonprofit organizations
D. Service organizations and nonprofit organizations
5. _____ probably would not be used as a measure of activity in a flexible budget.

A. Sales volume
B. Number of machine hours used
C. Number of hours worked by salespeople
D. Number of direct labor hours worked

6. _____ are components of a master budget.

A. A continuous budget and a static budget
B. An operating budget and a financial budget
C. A strategic plan and an operating budget
D. A cash budget and an activity budget

7. The master budget quantifies targets for all of the following except _____.
A. markets
B. production
C. sales
D. cost driver activity

8. Costs are allocated for all the following purposes except to
A. determine inventory levels
B. obtain reimbursement
C. predict the economic effects of planning and control decisions
D. compute income and asset valuation

Other Papers Like Exam Accounting

Bbbb Essay

1136 words - 5 pages mastery in the accounting subjects due to absence of passion for learning, and all of these, will be of great factor in failing the CPA Board Exam. 3. Senior students who are being practiced to yearly comprehensive examinations possess mastery, retention and practical application skills outstandingly than those students without annual comprehensive examinations. 4. The University’s BSA Program needs improvement in terms of curriculum

Fin 575 Final Exam Essay

1316 words - 6 pages than $0, accept the project. • If the IRR is equal to 0%, reject the project. • If the NPV is equal to the discounted payback, accept the project. University of Phoenix Final Exam Study Guide FIN 575 Final Exam 6. The risk response plan answers what question? • What can be done if risk occurs? What is the backup plan? • What are project costs? • There is no need to plan for risk seldom occurs in a project. • How risk is to be managed

Actg 421 Exam 1 Study Guide

580 words - 3 pages Exam 1 Study Guide Main Themes from each Chapter to understand *This is not a comprehensive list of topics covered that may be included on the quiz and exam Chapter 1 * Definition of a Tax * Standards for evaluating a tax (Adam Smith) * Tax Rate Structures – define, identify, and calculate (marginal, average, effective, proportional, progressive, regressive) * Major types of US taxes – general level * You do not need to

Eth 376

2303 words - 10 pages | Syllabus School of Business ETH/376 Version 1 Accounting Ethics and Professional Regulations | Copyright © 2011 by University of Phoenix. All rights reserved. Course Description This is an introductory course in ethics, providing a foundation in the nature of ethics, moral, legal, and social issues in the accounting and business environments. Students learn ethical reasoning, dealing with controversial issues, and the roles and

Enron Corporation: Impact On Profession

336 words - 2 pages Atlantis Exercise: Your group will prepare a presentation to the class (max 5 mins) on the results of the discussion of your assigned question. All questions are examinable on the final exam: 1) Who was impacted by the fall of Enron? Who were the users of Enron’s financial statements? There was implied or explicit reliance placed on various parties by the shareholders. Who were some of the parties mentioned, and what complaints were

Fdgfgfdg

7130 words - 29 pages CHAPTER 1 ENVIRONMENT AND THEORETICAL STRUCTURE OF FINANCIAL ACCOUNTING Overview The primary function of financial accounting is to provide useful financial information to users external to the business enterprise. The focus of financial accounting is on the information needs of investors and creditors. These users make critical resource allocation decisions that affect the nation’s economy. The primary means of conveying financial

Fin 571 Final Exam Latest Online Homework Help

1801 words - 8 pages FIN 571 Final Exam Latest Online HomeWork Help Multiple Choice Question 51 You are provided the following working capital information for the Ridge Company: Ridge Company Account $ Inventory $12,890 Accounts receivable 12,800 Accounts payable 12,670 Net sales $124,589 Cost of goods sold 99,630 Cash conversion cycle: What is the cash conversion cycle for Ridge Company? • 38.3 days • 46.4 days • 83.5 days • 129.9

Managerial Accounting

2279 words - 10 pages |Name of Course |Managerial Accounting | |Course Code |EBF 2043 | |Credit hours |3

Audit Analysis

1159 words - 5 pages services. 6. During busy times - may work in other areas. 7. 18 secretaries and other clerical staff. B. Hiring policies 1. College graduates with major in accounting. 2. Must sit for CPA exam within one year of hire date. 3. Complete 40 hours of CPE per year. 4. Promote based on seniority and technical competence. 5. Must be with firm at least two years, pass CPA exam before promotion to senior. C. Quality control standards 1. Responsibility of DeAnna

Business Math

442 words - 2 pages City University College of Science & Technology Faculty of Business DBQT 2013 Business Statistics Semester May 2016 ASSIGNMENT 1 Answer all questions. Kindly print the cover page and attached with your answer script. 1. Classify the following sets of data as qualitative or quantitative. a) The religious affiliations of college students b) The height of each member of a basketball team c) Students’ scores on the first statistics exam d) The

Qa Quiz

1655 words - 7 pages weight of school children sampled in a nationwide study, then X is an example of A continuous random variable. Keywords: continuous random variables, types of data 16. The classification of student class designation (freshman, sophomore, junior, senior) is an example of A categorical random variable. Keywords: categorical random variables, types of data 17. The classification of student major (accounting, economics

Related Essays

Principles Of Accounting Ii Exam 1 2010 Version

2941 words - 12 pages Principles of Accounting II Exam 1 -2010 Version 1-16. Decentralization refers to:  A. reporting for the company as a whole. B. focusing reporting on parts of the company. C. the delegation of decision-making authority throughout an organization. D. differences in organizations. 2-21. Dorra Corporation manufactures lawnmowers in five work stations. Dorra's weekly demand is 5,000 mowers but Dorra can only produce 4,200. According to

Entire Course Essay

291 words - 2 pages NETW 230 Entire Course all Weeks labs , quizzes and final exam View Details Devry NR443 (all discussions and all assignments) Entire Course View Details MGT/605 (all discussions and all weeks assignments) full course View Details BMGT 495 full course ( all discussions and all assignments ) View Details CRMJ400 Criminology – all discussions , full course project and midterm View Details HSV 405 full course (all

Cover Letter Essay

255 words - 2 pages returns – corporate, personal, gift, trust, etc. I worked closely with staff and other interns. My internship only dealt with tax, but I would like to get a taste of audit this time around. I would like to intern in audit and tax this spring so I can learn even more about public accounting. I will have 150 credit hours by the time I graduate in December 2016, and my goal after college is to sit and pass the CPA exam. Cohen and Company is my

Final Exam Essay

350 words - 2 pages Class, there is a final exam study guide in doc sharing. Please be sure to review it in detail! I would also like to provide more information on the final: * The Final Exam covers all the TCOs and all the course materials. * This exam is worth 250 points in total, which includes 12 multiple-choice questions at five points each for a total of 60 points, one essay question at 30 points, four essay questions at 40 points each for a total