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36 Cards in this Set
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A+ ACC 290 Final Exam
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ACC 290 Final 28/30 – 93.3% 1) Which financial statement is used to determine cash generated from operations? A. Income statement B. Statement of operations C. Statement of cash flows D. Retained earnings statement 2) In terms of sequence, in what order must the four basic financial statements be prepared? A. Balance sheet, income statement, statement of cash flows, and capital statement B. Income statement, capital statement, statement of cash flows, and balance sheet C. Balance sheet, capital statement, statement of cash flows, and income statement D. Income statement, capital statement, balance sheet, and statement of cash flows |
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A+ ACC 291 Final Exam
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ACC 291 Final Exam 100% Correct 1.The Sarbanes-Oxley Act requires that all publicly traded companies maintain a system of internal controls. Internal controls can be defined as a plan to A.safeguard assets B.monitor balance sheets C.control liabilities D.evaluate capital stock 2. The purchase of treasury stock A. decreases common stock authorized B. decreases common stock issued C. decreases common stock outstanding D. has no effect on common stock outstanding |
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A+ACC 300 Final Exam
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ACC 300 Final Exam 100% Correct ACC 300 FINAL EXAM 100% CORRECT 1. Which of the following is the most appropriate and modern definition of accounting? A)The information system that identifies, records, and communicates the economic events of an organization to interested users B)A means of collecting information C)The interconnected network of subsystems necessary to operate a business D)Electronic collection, organization, and communication of vast amounts of information 2.Which of the following groups uses accounting information primarily to insure the entity is operating within prescribed rules? A)Taxing authorities B)Regulatory agencies C)Labor Unions D)Management |
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A+ACC 349 Final Exam
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ACC 349 FINAL EXAM 100% CORRECT 1) What is the best way to handle manufacturing overhead costs in order to get the most timely job cost information? A. The company should add actual manufacturing overhead costs to jobs as soon as the overhead costs are incurred. B. The company should determine an allocation rate as soon as the actual costs are known, and then apply manufacturing overhead to jobs. C. The company should apply overhead using an estimated rate throughout the year. D. The company should account for only the direct production costs. 2) At the end of the year, manufacturing overhead has been overapplied. What occurred to create this situation? |
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A+ACC 400 Final Exam
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ACC 400/Final Exam Below is the course final. Please number you answer sheet from 1-20 and include the correct response by each number. Good Luck! 1. Zelma Company's last financial statements provided the following ratios: Current ratio 3:2 Quick ratio 1:2 Accounts receivable turnover 9.0 times Inventory turnover 8.0 times Net income percentage 12.5% Return on equity 22.6% Return on assets 9.8% |
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A+ACC 421 Final Exam
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ACC 421 FINAL EXAM CORRECT 100% 1) An accrued expense can best be described as an amount 2) When an item of revenue is collected and recorded in advance, it is normally called a(n) ___________ revenue. 3) When an item of expense is paid and recorded in advance, it is normally called a(n) 4) A common set of accounting standards and procedures are called 5) One objective of financial reporting is to provide 6) The information provided by financial reporting pertains to 7) The Financial Accounting Foundation 8) The major distinction between the Financial Accounting Standards Board (FASB) and its predecessor, the Accounting Principles Board (APB), is |
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A+ACC 422 Final Exam
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ACC 422 FINAL EXAM 1) Which of the following is NOT considered cash for financial reporting purposes? A. Coin, currency, and available funds B. Money orders, certified checks, and personal checks C. Petty cash funds and change funds D. Postdated checks and I.O.U.'s 2) What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet? A. As assets but separately from other receivables. B. As offsets to capital. C. As trade notes and accounts receivable if they otherwise qualify as current assets. |
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A+ACC 422 Final Exam
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ACC 422 FINAL EXAM 1) Which of the following is NOT considered cash for financial reporting purposes? A. Coin, currency, and available funds B. Money orders, certified checks, and personal checks C. Petty cash funds and change funds D. Postdated checks and I.O.U.'s 2) What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet? A. As assets but separately from other receivables. B. As offsets to capital. C. As trade notes and accounts receivable if they otherwise qualify as current assets. |
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A+ACC 423 Final Exam
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ACC 423 Final Exam 100% Correct 1) Proceeds from an issue of debt securities having stock warrants should NOT be allocated between debt and equity features when A. the allocation would result in a discount on the debt security B. the warrants issued with the debt securities are nondetachable C. exercise of the warrants within the next few fiscal periods seems remote D. the market value of the warrants is NOT readily available 2) The conversion of preferred stock may be recorded by the A. market value method B. par value method C. book value method D. incremental method |
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A+ACC 561 Final Exam (1st Set) 54
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ACC 561 Final Exam 1) Performance reports _____. A. ignore areas that are presumed to be running smoothly B. provide feedback by comparing results with plans and by highlighting deviations from plans C. are deviations from a plan D. are quantitative expressions of action plans 2) Budgets _____. A. ignore areas that are presumed to be running smoothly B. are deviations from a plan C. are quantitative expressions of action plans D. provide feedback by comparing results with plans and by highlighting deviations from plans |
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A+ ACC 561 Final Exam (2nd Set) 54 Questions with ANSWERS
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ACC 561 Final Exam. 1) Budgets _____. A. ignore areas that are presumed to be running smoothly B. are deviations from a plan C. are quantitative expressions of action plans D. provide feedback by comparing results with plans and by highlighting deviations from plans 2) Performance reports _____. A. ignore areas that are presumed to be running smoothly B. provide feedback by comparing results with plans and by highlighting deviations from plans C. are deviations from a plan D. are quantitative expressions of action plans |
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A+BIS 220 Final Exam
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BIS 220 Final Exam 1) Two information systems that support the entire organization are A. enterprise resource planning systems and dashboards B. transaction processing systems and office automation systems C. enterprise resource planning systems and transaction processing systems D. expert systems and office automation systems 2) _______ is the direct use of information systems by employees in their work. A. Transaction processing systems B. End-user computing C. Decision support systems D. Management information systems |
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A+BUS 415 Final Exam 1st Set 42 Questions with Answers
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BUS 415 Final Exam 1st Set 42 Questions with Answers 1) The doctrine of stare decisis concerns A. staring at the facts of a case for a long time to make sure the correct decision is made. B. making sure to do adequate research before making a legal decision C. following precedents so that legal principles announced in a case are used to determine later cases D. using constitutional law to render a decision 2) The form of alternative dispute resolution wherein the parties hire someone to review the evidence and make a decision that is binding upon the parties is called A. arbitration B. settlement conference C. negotiation D. conciliation |
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A+BUS 415 Final Exam 2nd Set 42 Questions with Answers
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BUS 415 Final Exam 2nd Set 42 Questions with Answers 1) The doctrine of stare decisis concerns A. staring at the facts of a case for a long time to make sure the correct decision is made. B. following precedents so that legal principles announced in a case are used to determine later cases C. making sure to do adequate research before making a legal decision D. using constitutional law to render a decision 2) Which clause in the U.S. Constitution is most used in terms of regulating business activities? A. The Bill of Rights B. The Supremacy Clause C. The First Amendment D. The Commerce Clause |
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A+BUS 475 Final Exam 100 Questions with Answers 1st Set
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BUS 475 Final Exam 100 Questions with Answers 1st Set 1) Which one of the following items is not generally used in preparing a statement of cash flows? A. Adjusted trial balance B. Comparative balance sheetsC. Additional informationD. Current income statement 2) One of Astro Company's activity cost pools is machine setups, with estimated overhead of $150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers? A. $150,000B. $60,000C. $90,000D. $75,000 3) Of the following companies, which one would not likely employ the specific identification method for inventory costing? |
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A+BUS 475 Final Exam 100 Questions with Answers 2nd Set
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BUS 475 Final Exam 100 Questions with Answers 2nd Set 1) The cost principle requires that when assets are acquired, they be recorded at __________. A. list priceB. selling priceC. exchange price paidD. appraisal value 2) "Generally accepted" in the phrase generally accepted accounting principles means that the principles __________. A. have been approved for use by the managements of business firms B. have been approved by the Internal Revenue ServiceC. have substantial authoritative support D. are proven theories of accounting 3) The standards and rules that are recognized as a general guide for financial reporting are called __________. |
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A+BUS 475 Final Exam 100 Questions with Answers 3rd Set
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BUS 475 Final Exam 100 Questions with Answers 3rd Set 1) The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals: Income StatementBalance Sheet Dr.Cr.Dr.Cr. Totals$58,000$48,000$34,000$44,000 To enter the net income (or loss) for the period into the above worksheet requires an entry to the __________. A. income statement debit column and the income statement credit column B. income statement credit column and the balance sheet debit columnC. income statement debit column and the balance sheet credit columnD. balance sheet debit column and the balance sheet credit column |
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A+BUS 475 Final Exam 100 Questions with Answers 4th Set
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BUS 475 Final Exam 100 Questions with Answers 4th Set 1) A well-designed activity-based costing system starts with __________. A. analyzing the activities performed to manufacture a productB. assigning manufacturing overhead costs for each activity cost pool to products C. computing the activity-based overhead rateD. identifying the activity-cost pools 2) "Generally accepted" in the phrase generally accepted accounting principles means that the principles __________. A. have been approved for use by the managements of business firms B. have been approved by the Internal Revenue ServiceC. have substantial authoritative support D. are proven theories of accounting |
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A+BUS 475 Final Exam 5th Set 100 Questions with Answers
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BUS 475 Final Exam 5th Set 100 Questions with Answers 1) The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals: Income Statement Balance Sheet Dr.Cr.Dr.Cr. Totals$58,000$48,000$34,000$44,000 Closing entries are necessary for __________. A. temporary accounts only B. permanent accounts only C. permanent or real accounts only D. both permanent and temporary accounts Read more: http://blog.accountingcoach.com/closing-entries-2/ |
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A+ECO 365 Final Exam
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ECO 365 Final Exam 100% Correct 1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in A. microeconomic research B. macroeconomic research C. theoretical research, because there is no data on these variables D. empirical research, because there is no economic theory related to these variables 2) A basic difference between microeconomics and macroeconomics is that microeconomics A. focuses on the choices of individual consumers, while macroeconomics considers the behavior of large businesses B. focuses on financial reporting by individuals, while macroeconomics focuses on financial reporting by large firms C. examines the choices made by individual participants in an economy, while macroeconomics considers the economy's overall performance D. focuses on national markets, while macroeconomics concentrates on international markets |
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A+ECO 415 Final Exam
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1 D 2 B 3 D 4 B |
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A+FIN 370 Final Exam
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FIN 370 Final Exam 100% Correct 1) The goal of the firm should be A. maximization of profits B. maximization of shareholder wealth C. maximization of consumer satisfaction D. maximization of sales 2) An example of a primary market transaction is A. a new issue of common stock by AT&T B. a sale of some outstanding common stock of AT&T C. AT&T repurchasing its own stock from a stockholder D. one stockholder selling shares of common stock to another individual |
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A+FIN 419 Final Exam
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FIN 419 Final Exam A financial analyst is responsible for maintaining and controlling the firm's daily cash balances. Frequently manages the firm's short-term investments and coordinates short-term borrowing and banking relationships. False 1.In partnerships, owners have unlimited liability and may have to cover debts of other less financially sound partners. True 2.In partnerships, a partner can readily transfer his/her wealth to other partners. False 3.The board of directors is responsible for managing day-to-day operations and carrying out the policies established by the chief executive officer. False |
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A+FIN 571 Final Exams
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FIN 571 Final Exams 100% Correct 1) Which of the following statements is true? The Principle of Diversification states that investors are better off by investing in two or three good assets even within the same industry. The Principle of Diversification states that investors are better off by investing in different types of assets. The Principle of Diversification states that investors are better off by investing in risk-free assets. The Principle of Diversification states that investors are better off by investing in an industry of their choice. 2) Which of the following investments is more likely to give you a diversified common stock portfolio? An index fund investing in stocks in the S&P 500 and in a money market fund. Any stock mutual fund investing in a variety of industries in the United States. A mutual fund investing in European and Asian stocks. An international mutual fund investing in a wide variety of stocks within and outside one’s country. |
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A+HRM 240 Final Exam
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HRM 240 Final Exam ♦♦♦ORIGINAL♦♦♦ |
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A+HRM 531 Final Exam
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HRM531 Final EXAM 100% Correct 1) Distrust, disrespect, and animosity pertain to which component of indirect costs associated with mismanaged organizational stress? A. Quality of work relations B. Participation and membership C. Performance on the job D. Communication breakdowns 2) Inventory shrinkages and accidents pertain to which component of direct costs associated with mismanaged organizational stress? A. Employee conflict B. Performance on the job C. Loss of vitality D. Communication breakdowns |
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A+ISCOM 305 Final Exam
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ISCOM 305 Final Exam 100% Correct 1. Which of the following factors account for the interest in organizational management? a.Quality improvement b.Current problems/opportunities c.Inventory Costs d.Customer Satisfaction e.All of the above 2. The degree to which quality characteristics are designed into the product is commonly referred as: a.Product optimization b.Quality of design c.Both A & B d.None of the above e.Management optimization theory |
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A+LAW 421 Final Exam
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LAW 421 Final Exam 100% Correct 1) Which of the following does not result in a decision rendered by the hearing officer? A. Arbitration B. Mediation C. Med-arb D. Using expert evaluators 2) Jurisprudence is defined as A. adjudication of law suits B. the enactment of laws by a government body C. the science and philosophy of law D. the duties and obligations owed by a citizen 3) The state of Kansas has enacted a new law requiring all commercial trucks driving on Kansas roads to have special mud flaps installed. These mud flaps have been proven to make driving in the rain significantly safer due to reduced mist created by trucks driving in the rain, although data regarding accidents and injuries has not yet been determined. Any truck entering Kansas must have these flaps installed or will be subject to a significant fine and delay. The cost for purchase and installation of these flaps is $1,000 per truck. In short, trucks must have these flaps or go around the state. This Kansas law |
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A+LAW 531 Final Exam
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1) Which of the following is a distinguishing feature of a common law legal system? A. An appeal process B. The making of law by the judges and the following of precedent C. The sole source of law is a comprehensive civil code D. Requiring guilt be proven beyond a reasonable doubt 2) Which of the following is true about litigating commercial disputes? A. A few states have established specialized trial courts for commercial disputes. B. Businesses generally dislike the concept of specialized trial courts for commercial disputes because the large numbers of consumers who sue businesses in these courts have led the judges to become generally biased against businesses. C. Commercial disputes, because of their specialized nature, are first heard at the appellate court level. D. Nearly all states have specialized trial courts that hear commercial disputes. |
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A+LDR 531 Final Exam
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LDR 531 Final Exam 100% Correct 1) Which of the following is best defined as a consciously coordinated social unit, composed of two or more people, which functions on a relatively continuous basis to achieve a common goal or set of goals? a. party b. unit c. team d. community e. organization 2) Over the past 2 decades, business schools have added required courses on organizational design to many of their curricula. Why have they done this? a. Managers no longer need technical skills in subjects such as economics and accounting to succeed. b. There is an increased emphasis in controlling employee behavior in the workplace. |
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A+MA 105 Final Exam
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MA 105 Final Exam |
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A+MAT 116 Final Exam
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1 - the answer is -9/49 |
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A+Math 117 - 66 qestions Final Exam
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1) x = -3 ± √13 |
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A+RES 341 Final Exam
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Part I Classify the following sets of data as qualitative or quantitative. Qualitative______ 1. The religious affiliations of college students Quantitative_____ 2. The height of each member of a basketball team Quantitative_____ 3. Students’ scores on the first statistics exam Qualitative______ 4. The color of new SUV’s on a car lot Quantitative_____ 5. The Olympic track and field world records, such as the time for the steeplechase. Part II Classify the following sets of data as continuous or discrete (integer). D______________ 6. The number of students enrolled in an accounting class D_______________ 7. The number of Whirlpool refrigerators sold by Appliance Center last month C_______________ 8. The acceleration time of an automobile C_______________ 9. The temperature of a refrigerator D_______________ 10. The number of people aboard a submarine |
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A+Res 342 Final Exam
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Res 342 Final Exam |
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A+RES 351 Final Exam
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RES 351 Week 5 Final Exam. 1) Northwest Airlines applied mathematical models to determine which customers in its database were currently responsible for most of its profitability and which customers were not currently profitable but had similar characteristics to the most profitable customers. Northwest Airlines utilized _____ to identify these customers. A. computer programming B. data warehousing C. customer relationships management D. data mining 2) Minute Maid sees research as the fundamental first step in any business decision, and it created proprietary methods for conducting research. At what level of the hierarchy of business decision makers does Minute Maid operate? |
