CSUF ACCT 201B FORMULAS COMPLETE QUESTIONS AND CORRECT ANSWERS | GRADED AND THE LATEST SERIES

CSUF ACCT 201B FORMULAS COMPLETE
QUESTIONS AND CORRECT ANSWERS |
GRADED AND THE LATEST SERIES
turnover

Ans: = sales / average operating assets


Question: margin

Ans: = net / sales


Question: return on investment

Ans: = net op income / avg op assets


Question: labor efficiency variance

Ans: = SR (AH - SH)


Question: labor rate variance

Ans: = AH (AR - SR)


Question: residual income

Ans: = net income - ( avg op assets x min req rate of return )

, Question: internal rate of return

Ans: = investment req / annual cash inflow


Question: profitability index

Ans: = pv of cash inflows / investment req


Question: simple rate of return

Ans: = annual incr net / initial investment


Question: materials price variance

Ans: = AQ ( AP-SP )


Question: materials quantity variance

Ans: = SP ( AQ - SQ )


Question: payback period

Ans: = investment req / annual net cash flow


Question: net present value