1|Page
MBA 620 MIDTERM (2025/2026) EXAM LATEST
WITH ALL COMPLETE QUESTIONS AND
DETAILED ANSWERS (EXPERT VERIFIED) FOR
GUARANTEED PASS TOP-RATED A+.
MBA 620
Pass your MBA 620 midterm Exam 2025/2026 with confidence. This
comprehensive exam resource features exam-style questions covering
essential topics such as strategy, finance, and management principles.
Perfect for graduate students preparing for their business
administration final.
The wealth of an individual or a business is measured by its
...... ANSWER ....... Equity
Use the following information to determine the break-even
point in units:
Sales: 47,000 units
Selling price per unit: $15.15
Variable cost per unit: $8.80
Fixed costs: $183,000 ...... ANSWER ....... 28,819
GreenThumb Co. receives $2,000 cash in advance of
providing landscaping services to a customer. How should
GreenThumb record this transaction? ...... ANSWER
....... Cash: Dr 2,000
,2|Page
Unearned Revenue: Cr 2,000
On July 1, Shady. Reek borrows $250,000 to finance building
renovations. What is the appropriate journal entry to record
the loan transaction? ...... ANSWER ....... Cash: Dr
$250,000
Notes Receivable: Cr $250,000
Argyle Co. purchased $600 of supplies on credit. How should
Argyle record this transaction? ...... ANSWER .......
Supplies: Dr $600
Accounts Payable: Cr $600
The financial statement that records whether a business
earned a profit and also lists its revenues and expenses is
called the... ...... ANSWER ....... Income Statement
Which of the following is classified as an asset? ......
ANSWER ....... Accounts receivable
TrueViz Co. produces prescription eyeglasses at the
following costs per unit:
Direct material: $8
, 3|Page
Direct labor: $24
Overhead: $40
Total product costs per unit: $72
An outside supplier offers to make, customize, and provide
glasses to TrueViz for $60 per unit. It TrueViz buys from the
supplier, the company will still incur 40% of its overhead.
TrueViz should: ...... ANSWER ....... Continue making
the glasses, since outsourcing increases costs by $4 per
unit.
On May 9, a company collects $1,000 cash as payment for
services that were completed on May 1. Record the May 9th
transaction. ...... ANSWER ....... Cash: Dr $1,000
Accounts receivable: Cr $1,000
If equity is $419,000 and liabilities are $183,000, then assets
must be... ...... ANSWER ....... 602,000
Bluebird Manufacturing has received a special one-time order
for 16,900 bird feeders at $4.90 per unit. Bluebird currently
produces and sells 75,000 units at $8.90 each. This level
represents 80% of its capacity. Production costs for these
units are $5.40 per unit, which includes $4.15 of variable
costs and $3.15 of fixed costs. If the special offer is accepted,
there will be no incremental fixed cost. If Bluebird accepts
MBA 620 MIDTERM (2025/2026) EXAM LATEST
WITH ALL COMPLETE QUESTIONS AND
DETAILED ANSWERS (EXPERT VERIFIED) FOR
GUARANTEED PASS TOP-RATED A+.
MBA 620
Pass your MBA 620 midterm Exam 2025/2026 with confidence. This
comprehensive exam resource features exam-style questions covering
essential topics such as strategy, finance, and management principles.
Perfect for graduate students preparing for their business
administration final.
The wealth of an individual or a business is measured by its
...... ANSWER ....... Equity
Use the following information to determine the break-even
point in units:
Sales: 47,000 units
Selling price per unit: $15.15
Variable cost per unit: $8.80
Fixed costs: $183,000 ...... ANSWER ....... 28,819
GreenThumb Co. receives $2,000 cash in advance of
providing landscaping services to a customer. How should
GreenThumb record this transaction? ...... ANSWER
....... Cash: Dr 2,000
,2|Page
Unearned Revenue: Cr 2,000
On July 1, Shady. Reek borrows $250,000 to finance building
renovations. What is the appropriate journal entry to record
the loan transaction? ...... ANSWER ....... Cash: Dr
$250,000
Notes Receivable: Cr $250,000
Argyle Co. purchased $600 of supplies on credit. How should
Argyle record this transaction? ...... ANSWER .......
Supplies: Dr $600
Accounts Payable: Cr $600
The financial statement that records whether a business
earned a profit and also lists its revenues and expenses is
called the... ...... ANSWER ....... Income Statement
Which of the following is classified as an asset? ......
ANSWER ....... Accounts receivable
TrueViz Co. produces prescription eyeglasses at the
following costs per unit:
Direct material: $8
, 3|Page
Direct labor: $24
Overhead: $40
Total product costs per unit: $72
An outside supplier offers to make, customize, and provide
glasses to TrueViz for $60 per unit. It TrueViz buys from the
supplier, the company will still incur 40% of its overhead.
TrueViz should: ...... ANSWER ....... Continue making
the glasses, since outsourcing increases costs by $4 per
unit.
On May 9, a company collects $1,000 cash as payment for
services that were completed on May 1. Record the May 9th
transaction. ...... ANSWER ....... Cash: Dr $1,000
Accounts receivable: Cr $1,000
If equity is $419,000 and liabilities are $183,000, then assets
must be... ...... ANSWER ....... 602,000
Bluebird Manufacturing has received a special one-time order
for 16,900 bird feeders at $4.90 per unit. Bluebird currently
produces and sells 75,000 units at $8.90 each. This level
represents 80% of its capacity. Production costs for these
units are $5.40 per unit, which includes $4.15 of variable
costs and $3.15 of fixed costs. If the special offer is accepted,
there will be no incremental fixed cost. If Bluebird accepts
