BA211_Exam2_Practice MC

Please do not give solution in image formate thanku. Organisational financial programmes that allow full withdrawal at retirement is called a/n: Question 4Select one: a. Pension plan b. Retirement annuity c. Investment policy d. Provident fund

Classify each of the following items as revenues (R), expenses (EX), or withdrawals (W). Consulting revenue

9. Nizwa Company bought an equipment for manufacturing tube lights and the company management requested you to analyze and submit the report regarding the four major factors that required to consider for calculating depreciation of an equipment?

H4. Explain properly and show all calculation steps

7.4 Milwaukee Surgical Supplies Inc. has gross sales for the year of $1,200,000. The collections department estimates that 30 percent of the customers pay on the tenth day, 40 percent pay on the thirtieth day, and the remaining 30 percent pay, on average, on the fortieth day after the purchase. (Assume 360 days per year.) What is the firm’s average collection period? What is the firm’s current receivables balance? What would the firm’s new receivables balance be if Milwaukee Surgical toughened up on its collection policy, with the result that the 70 percent of customersthat did not pay by the tenth day paid on day 30? Suppose that the firm’s cost of carrying receivables was 8 percent annually. How much would the toughened credit policy save the firm in annual receivables carrying expense? (Assume that the entire amount of receivables has to be financed.)

Question 1 What kinds of input or output documents or forms would you find in  the production (or conversion) cycle? Question 2 Some individuals argue that accountants should focus on producing financial  statements and leave the design and production of managerial reports to information  systems specialists. What are the advantages and disadvantages of following this  advice? To what extent should accountants be involved in producing reports that  include more than just financial measures of performance? Why?

It might be sensible for a company to benchmark each of its sales reps against: O its other sales reps competitors sales reps sales reps of a firm in a different industry all of the above are true QUESTION 2 Capital sources include: O profits loans stocks all of the above QUESTION 3 The most useful brejakdown of data in a sales analysis is by: O product, package size, grade, or color O customer type geographic region any or all of the above depending on the situation QUESTION 4 Which of the following is NOT a way to stimulate profit growth? O do a better job of holding onto customers

9. Marketing Arrangements Target market, definition of the product or service, pricing, distribution and promotion.   10. Financial Consideration Source of financing, capital cost, pre-operating expenses, working capital requirements, cash budget over three years (estimation of the cash inflows and outflows).

Question A3 Which of the following is not one of the four key characteristics that make management accounting information useful? A Comparability B Relevance C Precision D Reliability

Consider the following price and dividend data for Ford Motor Company: Dividend ($) Date December 31, 2004 January 26, 2005 April 28, 2005 July 29, 2005 October 28, 2005 December 30, 2005 Price ($) $14.04 $13.43 $9.14 OA. -44.4% OB. -40.2% OC.-42.32% OD. -38.1% $10.74 $8.02 $7.72 $0.12 $0.12 $0.12 $0.12 Assume that you purchased Ford Motor Company stock at the closing price on December 31, 2004 and sold it at the closing price on December 30, 2005. Your realized annual return is for the year 2005 is closest to:

1. Appraise the handling of information in mc donals. 2. Identify key factors in matching information system to user requirements

Q3.6 (Algo) Valley Forge Income Tax [3.6] VF is a small accounting firm supporting wealthy individuals in their preparation of annual income tax statements. Every December, VF sends out a short survey to their customers, asking for the information required for preparing the tax statements. Based on 24 years of experience, VF categorizes their cases into the following groups: • Group 1 (new customers, easy): 15 percent of cases • Group 2 (new customers, complex): 10 percent of cases Group 3 (repeat customers, easy): 50 percent of cases . Group 4 (repeat customers, complex): 25 percent of cases Here, "easy" versus "complex" refers to the complexity of the customer's earning situation. In order to prepare the income tax statement, VF needs to complete the following set of activities. Processing times (and even which activities need to be carried out) depend on which group a tax statement falls into. All of the following processing times are expressed in minutes per income tax statement.…

N3. Account note: answer is NOT target or effort.

Please do not give solution in image format thanku Opening Stock: 120 units   Desired Closing Stock : 1200 units   Back order Costs : $ 100/ unit   In-house production costs : $ 60 per unit   Subcontract Production costs : $ 81 per unit   Inventory Holding costs : $ 15 / unit/ month   Production Capacity: 30 units per month per worker   There are currently 150 workers employed   Hiring Costs 500$ per worker   Firing Costs 1000$ per worker   Month 1 2 3 4 5 6   Demand forecast 3780 5040 6720 5460 5040 4200   What is the cost for following Level, Chase and Subcontract strategies?

WindCo Inc. owns several delivery vans that could be sold very quickly in the event that the company runs into financial trouble. These delivery vans should be considered ______. Question 38 options: A) long-term assets B) fixed assets C) current assets D) current liabilities E) accounts receivable

BUSS 105-Principles of Financial Manage Dashboard / My courses / BUSS 105-1-20202 / General / BUSS 105 Sec-1; FINAL EXAM (S Quiz n Question 25 Capital Budgeting decisions involve commitment of Not yet 1 answered Select one: Marked out of 10 11 a. large sums of money 1.00 O b. capital not required P Flag question O c. None of the option 28 29 O d. small sums of money O e. only working Capital Finish atte Time left 1 Previous page Next page 20 19

Please answer this question: 1. Traveling requisition used for one time capital purchases. A. False B. True 2. Invitation for bid is used to buy when: A. The specifications are designed for one supplier. B. The buyer has wants a competition on the best offer, C. There is complete monopoly. D. The buyer prefers a specific supplier. 3. Spend analysis is the process of determining how much to pay for service A. False B. True

PROBLEM 3-1 Analyzing transactions into debit and credit parts Joan Weber owns a business called Lawns Plus. Lawns Plus uses the following accounts: Joan Weber, Drawing Sales Advertising Expense Miscellaneous Expense Rent Expense Repair Expense Utilities Expense Cash Accounts Receivable-Central Properties Accounts Receivable-Clifton Care Center Supplies Prepaid Insurance Accounts Payable-Davis Office Supplies Accounts Payable-Huff Supplies Joan Weber, Capital Instructions: Use the forms given in the Extra Problems Working Papers. 1. Prepare a T account for each account. 2. Analyze each transaction into its debit and credit parts. Write the debit and credit amounts in the proper T accounts to show how each transaction changes account balances. Write the date of the transaction in parentheses before each amount. Transactions: June 1. Joan Weber invested $8,000.00 cash in the business. 2. Bought supplies and paid $ 120.00 cash. 3. Paid cash for rent, $ 400.00. Sold services for cash, $…

3. 10 13 14 17 20 Question 14 Which one of the following statements about costs of sales and operations plans is BEST? (CSLOS 1) OThe cost of capital is not generally included in the inventory-holding cost. COvertime wages are typically 50% of regular time wages, exclusive of fringe benefits. OFringe benefits, which are a part of regular-time costs, do not typically include health insurance and paid vacations. CHiring costs include the costs of advertising jobs, interviews, training programs for new employees, and initial paperwork. Moving to another question will save this response.

8. Writing the lending process to provide loan for customer. Please help me carefully

chapter 7  10. Calculate the maintained markup percent.  Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%).  (HINT:  Page 196) NOTE.  There are four questions associated with this data.  You will ultimately complete a complete RIM exercise.     Cost ($) Retail ($) Opening inventory 130,410 201,543 Gross purchases 418,390 884,916 Returns to vendors 1,726 3,514 Cash discounts 2,040   Alteration costs 1,620   Freight 1,690   Gross Sales   806,430 Customer returns   60,340 Markdowns   120,630 Markdown cancellations   3,048 Additional markup   360 Employee discounts   1,010 Closing physical inventory   212,803

Develop a spreadsheet for question. What would your recommendation be if the weight for the safety went down to 10 and the weight of profitability went up to 25?

please give me only the answer no explantion is needed  Question 4 To what does the following relate: Before a purchase of inventory can be made, it has to be authorized and supported by all relevant supporting documentation.     1. Monitoring of controls   2. Validity of transactions   3. Inherent limitations- cost vs benefit   4. Inherent limitations – human error, time constraints   Question 5 To what does the following relate: Although the barcoding system in the warehouse is outdated and ineffective, the company cannot see the benefit in upgrading the system based on the high cost of the system.   1. Control environment   2. Inherent limitations – cost vs benefit   3. Validity of transactions   4. Control activities – independent checks and reconciliations Question 6 One of the six areas that an auditor needs to consider when obtaining an understanding of the entity is   1. Skills and competence of the audit…

HI6026 AUDIT, ASSURANCE AND COMPLIANCE Question 1  You are currently involved in planning for the audit of Spot Light Ltd (SLL), a national company producing curtains and blinds. The curtain and the blind market is highly competitive, and SLL has been experiencing declining sales over the past three years. Cost-cutting has proven very difficult, as the cost of materials used in the company’s production lines has increased each year. SLL’s bank has continued to provide SLL with loan facilities; however, it has indicated that it expects to see improved results in the next financial report and has placed a number of quite restrictive covenants in SLL’s lending agreements. Recent articles appearing in the financial press concerning SLL’s expected financial results have been very pessimistic about its likely performance. Required: Based on the information provided: Discuss the overall impact on audit risk. Which specific component(s) of audit risk would be affected?  In refer to Question…

Direct labor costs area. nonmanufacturing costs.b. period costs.c. conversion costs.d. overhead cost

mble x torio.com/secured#lockdown 匈☆ nabled: Chapter 4 The Art of Model... Saved Help Save & Exit Subn An analyst is constructing a simple model to determine the gross and net profit of a product, given its profit per unit, quantity sold, and the total costs assigned to the product. The calculation for gross profit is Profit per Unit times Quantity. The calculation for Net Profit is Gross Profit minus Total Costs. 5 2 Profit per Unit 3 Quantity 4 Gross Profit 18,200 6 Total Costs 8,300 8 Net Profit With the values for Profit per Unit, Quantity, and Total Costs shown above, what should the model return for the following calculated cells? Cell Value Gross Profit Net Profit Graw Hill 30 F3 FI %D & 2 3 # 4. 5 6 E T Q G @ H. K C V cmd 98 F.

a Discuss the conditions under which the introduction of ABC is likely to be most effec- tive, paying particular attention to: ● product mix ● the significance of overheads and the ABC method of charging costs ● the availability of information collection procedures and resources, and ● other appropriate factors. b Explain why ABC might lead to a more accurate assessment of management perform- ance than absorption costing.