K
C
LO
YC
D
U
ACCT 212 FINAL MC - PROF KOSS
(LIBERTY UNIVERSITY) EXAM
ST
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+
, what is not needed for a DL budget - ANS Material pricer per pound of material
three most common tools of financial analysis - ANS horizontal analysis, vertical analysis,
ration analysis
what is a budget that is periodically revised and new periods added to replace those that have
lapsed - ANS rolling budget
current assets - current liabilities = - ANS working capital
K
rate yields a net present value of zero for an investment - ANS internal rate of return
C
when calculating departmental overhead rate, numerators should be - ANS total estimated
departmental overhead cost
LO
what is the first step in calculating sales mix when resources are constrained? - ANS
calculating cm per product, then CM for machine hour
calculation of payback period when net cash flow is even (equal) - ANS cost of
investment/annual net cash flow
YC
cost that is unchanged in total despite changes in volume of activity - ANS fixed cost
what are methods to analyze past cost behavior - ANS high low, scatter diagram, regression
balanced scorecard requires managers to think of the company from how many perspectives? -
D
ANS four
which of the following would be an investing activity on cash flow - ANS purchase of equipment
U
department that generates cost without directly generating revenue - ANS cost center
ST
investment center ROI formula - ANS income/avg invested assets
expenses not easily associated with a specific department are - ANS indirect expense
time value of money concept - ANS a dollar today is worth more than a dollar tomorrow
sales level at which company neither earns a profit nor incurs a loss is - ANS break even point
beginning inventory plus purchases for a merchandiser equals - ANS cost of goods available
for sale
C
LO
YC
D
U
ACCT 212 FINAL MC - PROF KOSS
(LIBERTY UNIVERSITY) EXAM
ST
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+
, what is not needed for a DL budget - ANS Material pricer per pound of material
three most common tools of financial analysis - ANS horizontal analysis, vertical analysis,
ration analysis
what is a budget that is periodically revised and new periods added to replace those that have
lapsed - ANS rolling budget
current assets - current liabilities = - ANS working capital
K
rate yields a net present value of zero for an investment - ANS internal rate of return
C
when calculating departmental overhead rate, numerators should be - ANS total estimated
departmental overhead cost
LO
what is the first step in calculating sales mix when resources are constrained? - ANS
calculating cm per product, then CM for machine hour
calculation of payback period when net cash flow is even (equal) - ANS cost of
investment/annual net cash flow
YC
cost that is unchanged in total despite changes in volume of activity - ANS fixed cost
what are methods to analyze past cost behavior - ANS high low, scatter diagram, regression
balanced scorecard requires managers to think of the company from how many perspectives? -
D
ANS four
which of the following would be an investing activity on cash flow - ANS purchase of equipment
U
department that generates cost without directly generating revenue - ANS cost center
ST
investment center ROI formula - ANS income/avg invested assets
expenses not easily associated with a specific department are - ANS indirect expense
time value of money concept - ANS a dollar today is worth more than a dollar tomorrow
sales level at which company neither earns a profit nor incurs a loss is - ANS break even point
beginning inventory plus purchases for a merchandiser equals - ANS cost of goods available
for sale
