Test Bank Managerial Accounting Creating Value In A Dynamic Business Environment 9E - Hilton -

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SAMPLE QUESTIONS Appendix IThe Sarbanes-Oxley Act,Internal Controls, Management Accounting Multiple Choice Questions 1. The Sarbanes-Oxley Act: A. arose because of several accounting scandals that rocked the public'sconfidence in published financial statements.B. was enacted, in part, to bring about reform in companies' financialreporting processes.C. has distinct guidelines for reporting on an organization's internalcontrol practices.D. contains provisions whereby the chief executive officer (CEO) and chieffinancial officer (CFO) can be held criminally responsible if their firm'sfinancial statements are found to be fraudulent in nature.E. touches on all of these areas. 2. Internal controls focus on all of the followingexcept: A. effectiveness of operations.B. reliability of financial reporting.C. compliance with applicable laws and regulations.D. maximization of profit and cash flows.E. efficiency of operations.

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Appendix IICompound Interest and the Concept of Present Value Multiple ChoiceQuestions 1. The main idea behind the time value of money isthat: A. cash flows received in the distant future are less valuable than cashflows received in the near-term future.B. cash received in year 3, say, $80,000, has the same value as $40,000received in year 3 plus $40,000 received in year 4.C. cash flows received in different years are treated as equal in value.D. cash payments made in the future have the same value as payments madetoday.E. timing considerations of cash flows have little value in decisionmaking. 2. The procedure used to compute the future value of a seriesof cash flows is known as: A. compounding.B. the annuity method.C. discounting.D. the future-cost approach.E. indexing.

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Appendix IIIInventory Management Multiple Choice Questions 1. Inventory holding coststypically include: A. clerical costs of purchase-order preparation.B. costs of deterioration, theft, or spoilage.C. costs associated with lost sales to customers.D. forgone interest on money tied up in inventory.E. items "B" And "D" above. 2. Inventory holding costswould typically include all of the following except: A. insurance.B. theft.C. transportation.D. obsolescence.E. warehouse rent.

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FOR THE STUDENTS WHO NEED GRADE A IN THEIR STUDIES Hi, hope you are having a great day… We are a group of 24 writers having profoundexpertise in Business and Computer Science subjects. We can help you score Agrade in your Accounting, Marketing, Finance, Economics, Management,Mathematics, Statistics, Information System, System Modeling, C++, JavaProgramming, Network Administration, Enterprise Administration, Database, WebDesign, Networking, Internetworking, Data warehouse etc…We can also provide help with Psychology,Nursing, Health, History, English Literature, Political Science, Ethics,Humanity etc classes. We can help with essays, term papers, researchpapers, dissertation, Ilabs, mymatlab, Wileplus, quizzes, exams, discussionquestions etc. You can expect:We understand each student has differentrequirement and we tend to treat each student according to his/hersatisfaction.We will provide original assignments,plagiarism free and to custom requirement.We will always meet deadlines.Our support will be 24/27, even in holidays.Our pricing will be fair.We will do free revisions if you want to makechanges in provided work. Email us for more information, query andquote. [e-mail]

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3. Which of the following isclassified as an inventory shortage cost? A. Purchase order preparation.B. Production disruption.C. Lost sales and lost customers.D. Spoilage.E. Both "B" and "C" above. 4. At the economic orderquantity: A. total annual inventory costs, holding costs, and ordering costs are allminimized.B. total annual inventory costs and holding costs are minimized.C. total annual inventory costs are minimized, and holding costs equal orderingcosts.D. total annual inventory costs are minimized, and holding costs exceedordering costs.E. total annual inventory costs are minimized, and ordering costs exceedholding costs. 5. Burgoon uses an economicorder quantity model and has determined an optimal order size of 500 units.Annual demand is 10,000 units, ordering costs are $50 per order, and holdingcosts are $4 per unit. The company's annual ordering and holding coststotal: A. $2,000.B. $3,000.C. $21,000.D. $41,000.E. some other amount.