Reference no: EM13918015
1. _____ refers to accounting information developed for managers within an organization.
a. Internal auditing
b. Managerial accounting
c. Financial accounting
d. Tax accounting
2. Ethical accountants are important to society because _____.
a. they pay their taxes
b. the information produced is reliable
c. they will not go to prison and waste taxpayers' money
d. none of these answers is correct
3. Performance reports _____.
a. are quantitative expressions of action plans
b. provide feedback by comparing results with plans and by highlighting deviations from plans
c. are deviations from a plan
d. ignore areas that are presumed to be running smoothly
4. Output measures of both resources and activities are _____.
a. cost drivers
b. stages of production
c. fixed activities
d. variable activities
5. An accountant may have difficulty classifying costs as fixed or variable because _____.
a. costs may behave in a nonlinear way
b. costs may be affected by more than one cost driver
c. the decision situation may cause the costs to be fixed in the short term
d. all of these answers are correct
6. If the proportions in a sales mix change, the _____.
a. contribution margin per unit increases
b. break even point will remain the same
c. cost volume profit relationship also changes
d. net income will not be altered
7. _____ will decrease a company's break-even point.
a. Reducing its total fixed costs
b. Decreasing contribution margin per unit
c. Increasing variable cost per unit
d. Decreasing the selling price per unit
8. Costs that change abruptly at intervals of activity because the resources and their costs come in indivisible chunks are called _____.
a. mixed costs
b. variable costs
c. fixed costs
d. step costs
9. _____ arise as a result of strategic decisions about the scale and scope of an organization's activities.
a. Capacity costs
b. Discretionary costs
c. Mixed costs
d. Engineered costs
10. _____ is the first step in estimating or predicting costs as a function of appropriate cost drivers.
a. Cost measurement
b. Cost determination
c. Cost behavior investigation
d. Cost driver identification
|
Explain the importance of innovation
: Write a 1,400- to 1,750-word paper in which you explain the importance of innovation in your selected businesss vision, mission, and values, and determine your business model for this new division. Include the following:
|
|
Operating activities section of the statement of cash flows
: Prepare the operating activities section of the statement of cash flows for 2014 for ABC Remodel using the indirect method.
|
|
Business modelling forecast analysis a+
: Earning maximum points in each box in ‘PROFICIENT' column and / or points in columns to the right of ‘PROFICIENT' meets standard.
|
|
Who benefit from illegal immigration/immigrants
: Who benefits most from the work/jobs provided by the illegal immigrants, and which U.S. workers lose out as a result of the added competition for those low-wage jobs?
|
|
Importance of ethical accountants to society
: Ethical accountants are important to society because _____. a. they pay their taxes b. the information produced is reliable c. they will not go to prison and waste taxpayers' money d. none of these answers is correct
|
|
Evaluate the two evaluation instruments used in the fabrics
: Evaluate the two evaluation instruments used in the Fabrics, Inc. case. Discuss how the evaluation results should be used. Be sure to address internal and external validity of the measurements
|
|
Problem regarding the performance management system
: Moreover, one of the managers has challenged your plan by voicing his concern that a performance management system might create or increase the demands (such as excessive paperwork) on managers' and employees' time and resources.
|
|
Shares outstanding when solving for share price
: Rachel Greene Investors has 500 million shares of common stock outstanding. Rachel is seeing huge growth this year and expects it to continue so, they would like to increase dividends to 47% of earnings. Rachel is also planning on using 30% to repurc..
|
|
The statement of cash flows under the indirect method
: Ragg Shop, Inc. (RSI), recognized $3,800 of sales revenue on account and collected $2,950 of cash from accounts receivable.
|