WGU C213 pre assessment Exam Questions AND Correct
Answers
- ✔✔
(Image)
What do total revenues equal at the break-even point? -
✔✔$4,500
(Image)
Which statement is true with respect to the point on this
graph when sales are at 150 units per month? - ✔✔Total costs
equal $3,500.
A company budgeted the following purchases for raw
materials:
Month January February March April May June July
Budget $10,000 $20,000 $25,000 $22,000 $27,000 $30,000
$24,000
The company has a policy of paying for 40% of the purchases
in the month of purchase, 35% in the month following the
,purchase, and 25% in the second month following the
purchase.
Based on this information, what are the budgeted cash
disbursements for May? - ✔✔$24,750
A company has projected the following sales for the spring
quarter of 2014:
April $200,000
May $250,000
June $275,000
65% of all sales are paid for with cash. The remainder is on
credit.
The pattern for credit receivables collections are:
Month of Sale 60%
Month After Sale 30%
Second Month After Sale 10%
What are the forecasted cash collections for the month of
June? - ✔✔$269,750
,A company is experiencing an increase in their bad debt
expense.
Which change in credit policy would cause this increase? -
✔✔Credit limits were increased for all customers.
A company manufactures and sells widgets. The following
information is available:
• Each widget sells for $100.
• The variable cost per widget is $50.
• Total fixed costs per month are $300,000.
How many widgets does the company need to sell each month
to break even? - ✔✔6,000
A company manufactures custom-built wooden bookshelves.
Which two costs would the company classify as period costs?
, Choose 2 answers - ✔✔Salary cost of the receptionist.
Advertising cost.
A company plans to purchase inventory for the second half of
2014 as follows:
July $100,000
August $75,000
September $225,000
October $125,000
November $250,000
December $30,000
They usually pay 50% of inventory purchases in the month of
purchase, 35% in the following month, and 15% in the second
month.
Based on this information, what are the forecasted total 2014
cash payments for inventory purchased in the second half of
2014? - ✔✔$752,500
Answers
- ✔✔
(Image)
What do total revenues equal at the break-even point? -
✔✔$4,500
(Image)
Which statement is true with respect to the point on this
graph when sales are at 150 units per month? - ✔✔Total costs
equal $3,500.
A company budgeted the following purchases for raw
materials:
Month January February March April May June July
Budget $10,000 $20,000 $25,000 $22,000 $27,000 $30,000
$24,000
The company has a policy of paying for 40% of the purchases
in the month of purchase, 35% in the month following the
,purchase, and 25% in the second month following the
purchase.
Based on this information, what are the budgeted cash
disbursements for May? - ✔✔$24,750
A company has projected the following sales for the spring
quarter of 2014:
April $200,000
May $250,000
June $275,000
65% of all sales are paid for with cash. The remainder is on
credit.
The pattern for credit receivables collections are:
Month of Sale 60%
Month After Sale 30%
Second Month After Sale 10%
What are the forecasted cash collections for the month of
June? - ✔✔$269,750
,A company is experiencing an increase in their bad debt
expense.
Which change in credit policy would cause this increase? -
✔✔Credit limits were increased for all customers.
A company manufactures and sells widgets. The following
information is available:
• Each widget sells for $100.
• The variable cost per widget is $50.
• Total fixed costs per month are $300,000.
How many widgets does the company need to sell each month
to break even? - ✔✔6,000
A company manufactures custom-built wooden bookshelves.
Which two costs would the company classify as period costs?
, Choose 2 answers - ✔✔Salary cost of the receptionist.
Advertising cost.
A company plans to purchase inventory for the second half of
2014 as follows:
July $100,000
August $75,000
September $225,000
October $125,000
November $250,000
December $30,000
They usually pay 50% of inventory purchases in the month of
purchase, 35% in the following month, and 15% in the second
month.
Based on this information, what are the forecasted total 2014
cash payments for inventory purchased in the second half of
2014? - ✔✔$752,500
