coba core exam questions with correct
answers
Elephant Inc's cost of goods sold for the year is 2,000,000, and the average
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merchandise inventory for the year is 129,000. Calculate the inventory turnover
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rate - CORRECT ANSWER✔✔-15.50
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Nation Inc. Calculate accounts receivable turnover rate for 2019. - CORRECT
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ANSWER✔✔-2.50
Pizza Inc. Calculate asset turnover rate - CORRECT ANSWER✔✔-2.01
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the profit margin ratio - CORRECT ANSWER✔✔-is often compared to the industry
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average
which of the following would be co side red direct labor cost for a manufacturing
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company - CORRECT ANSWER✔✔-wages of the assemby line staff
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the direct labor costs and manufacturing overhead costs required to produce
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finished goods from raw materials are called - CORRECT ANSWER✔✔-conversion
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costs
which of the following is the most appropriate cost driver for allocating the cost
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of warranty services - CORRECT ANSWER✔✔-number of service calls
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, Rupert is a victim of Sara's violation of a criminal law. Criminal law is concerned
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with - CORRECT ANSWER✔✔-wrongs committed against the public as a whole
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bobs burgers brings a suit, seeking a remedy at law, this is usually - CORRECT
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ANSWER✔✔-monetary damages |
Fresh Harvest Company, which is based on Georgia, packages and sells
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vegetables. Hayden, who is a resident of Indiana, buys a Fresh Harvest product,
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eats it, and suffers severe food poisoning. Hayden wants to file a suit against
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Fresh Harvest. The diversity of citizenship between these parties means that -
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CORRECT ANSWER✔✔-federal and state courts have concurrent jurisdiction
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In Coastal Fishing Company's suit against Dockside Marina, Inc., the jury returns a
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|verdict in Coastal's favor. Dockside files a motion stating that even if the evidence
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|is viewed in the light most favorable to coastal, a reasonable jury should not have
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|found its favor. This is a motion for - CORRECT ANSWER✔✔-judgement n.o.v.
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Mac and Nan engage in a business transaction from which a dispute arises. Mac
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initiates a lawsuit against Nan by filing a complaint. If Nan responds to MAc's
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complaint by filing a counterclaim, then... - CORRECT ANSWER✔✔-Mac will also
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have to file a response
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Loren files a suit against Mabel, alleging a failure to pay for the harvest of Mabel's
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orchards. Mabel denies Loren's charge and claims that Loren breached their
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contract to harvest a certain number of acres and owes Mabel money for the
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breach. Mabel's claim is - CORRECT ANSWER✔✔-a counterclaim
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answers
Elephant Inc's cost of goods sold for the year is 2,000,000, and the average
| | | | | | | | | | | | | |
merchandise inventory for the year is 129,000. Calculate the inventory turnover
| | | | | | | | | | |
rate - CORRECT ANSWER✔✔-15.50
| | |
Nation Inc. Calculate accounts receivable turnover rate for 2019. - CORRECT
| | | | | | | | | | |
ANSWER✔✔-2.50
Pizza Inc. Calculate asset turnover rate - CORRECT ANSWER✔✔-2.01
| | | | | | | |
the profit margin ratio - CORRECT ANSWER✔✔-is often compared to the industry
| | | | | | | | | | | |
average
which of the following would be co side red direct labor cost for a manufacturing
| | | | | | | | | | | | | | |
company - CORRECT ANSWER✔✔-wages of the assemby line staff
| | | | | | | |
the direct labor costs and manufacturing overhead costs required to produce
| | | | | | | | | | |
finished goods from raw materials are called - CORRECT ANSWER✔✔-conversion
| | | | | | | | | |
costs
which of the following is the most appropriate cost driver for allocating the cost
| | | | | | | | | | | | | |
of warranty services - CORRECT ANSWER✔✔-number of service calls
| | | | | | | |
, Rupert is a victim of Sara's violation of a criminal law. Criminal law is concerned
| | | | | | | | | | | | | | |
with - CORRECT ANSWER✔✔-wrongs committed against the public as a whole
| | | | | | | | | |
bobs burgers brings a suit, seeking a remedy at law, this is usually - CORRECT
| | | | | | | | | | | | | | |
ANSWER✔✔-monetary damages |
Fresh Harvest Company, which is based on Georgia, packages and sells
| | | | | | | | | | |
vegetables. Hayden, who is a resident of Indiana, buys a Fresh Harvest product,
| | | | | | | | | | | | |
eats it, and suffers severe food poisoning. Hayden wants to file a suit against
| | | | | | | | | | | | | |
Fresh Harvest. The diversity of citizenship between these parties means that -
| | | | | | | | | | | |
CORRECT ANSWER✔✔-federal and state courts have concurrent jurisdiction
| | | | | | |
In Coastal Fishing Company's suit against Dockside Marina, Inc., the jury returns a
| | | | | | | | | | | |
|verdict in Coastal's favor. Dockside files a motion stating that even if the evidence
| | | | | | | | | | | | |
|is viewed in the light most favorable to coastal, a reasonable jury should not have
| | | | | | | | | | | | | |
|found its favor. This is a motion for - CORRECT ANSWER✔✔-judgement n.o.v.
| | | | | | | | | | |
Mac and Nan engage in a business transaction from which a dispute arises. Mac
| | | | | | | | | | | | | |
initiates a lawsuit against Nan by filing a complaint. If Nan responds to MAc's
| | | | | | | | | | | | | |
complaint by filing a counterclaim, then... - CORRECT ANSWER✔✔-Mac will also
| | | | | | | | | | |
have to file a response
| | | |
Loren files a suit against Mabel, alleging a failure to pay for the harvest of Mabel's
| | | | | | | | | | | | | | |
orchards. Mabel denies Loren's charge and claims that Loren breached their
| | | | | | | | | | | |
contract to harvest a certain number of acres and owes Mabel money for the
| | | | | | | | | | | | | |
breach. Mabel's claim is - CORRECT ANSWER✔✔-a counterclaim
| | | | | | |
