Acct 346 Study guides, Class notes & Summaries

ACCT 346 MANAGERIAL ACCOUNTING LATEST Week 4 Midterm EXAM WITH CORRECT ANSWERS GUARANTEED PASS

ACCT 346 Week 8 Final Exam (TCO 6) Preparing purchase orders is a(n) unit-level batch-level facility-level product-level (TCO 4) When the activity level is expected to decr ease within the relevant range, what effects would be anticipated with respect to each of the following? Fixed costs per unit decrease and variable costs in total decrease Fixed costs per unit increase and variable costs in total increase Fixed costs per unit increase and variable costs per unit decrease Fixed costs per unit ...

DeVry University ACCT346 Weekly Assignment Week 1 Directions: Your assignment this week is to answer the four questions below. Please note that Question 4 contains multiple parts. Please show y our work for full credit on Questions 4b - 4e. 1. Identify whether each of the items below is a Product Cost or Period Cost: (1/2 point each, total 5 oints) Factory insurance Product Interest on bank loan Period Eggs, salt, water used for baking Product Depreciation on bake ovens Product Paper wrappers fo...

1. Question : (TCO 1) Which of the following is not a difference between financial accounting and managerial accounting? Student Answer: Financial accounting is primarily concerned with reporting the past, whereas managerial accounting is more concerned with the future. Managerial accounting uses more nonmonetary information than is used in financial accounting. Managerial accounting is primarily concerned with providing information for external users, whereas financial accounting is c...

CFA level 1 Exam Questions with Correct Answers Payables turnover = COGS/avg payables = 1969/(361+346)/2 = 5.57 Days in payables = 365/payables turnover = 65.6 CCC = DOH +DSO - Days in Pay = 49.4+39.4-65.6=23.2 - Answer-find the cash conversion cycle sales COGS Interest 123 110 Cash 108 105 receivables 318 286 inventories 248 285 Payables 361 346 notes payable 50 99 the deferred tax liability equals the difference between the value for accounting and tax purposes times t...

faithful representation, substance over form, prudence, neutrality, completeness - According to the IFRS what are the 5 qualities of financial information that improve reliability Costs can be reliably measured - According to IFRS what condition must be met for revenue recognition to occur? Current ratio will decrease. Accruing wages increases both current liabilities and expenses, but collecting receivables has no effect on current assets or sales therefore the current ratio and net incom...

CFA level 1 Exam 48 Questions with Verified Answers faithful representation, substance over form, prudence, neutrality, completeness - CORRECT ANSWER According to the IFRS what are the 5 qualities of financial information that improve reliability Costs can be reliably measured - CORRECT ANSWER According to IFRS what condition must be met for revenue recognition to occur? Current ratio will decrease. Accruing wages increases both current liabilities and expenses, but collecting recei...

ACCT 346 Week 4 Midterm Exam 1. (TCO 4) Which of the following will have no effect on the break-even point in units? (Points : 4) The selling price increases The variable cost per unit increa ses The sales volume increases Total fixed costs increase 2. (TCO 4) Circle K Furniture has a contribution margin ratio of 16%. If fixed costs are $176,800, how many dollars of revenue must the company generate in order to reach the break-even point? (Points : 4) $1,105,000 $282,880 $1,060,800 $208,476 3. (...

faithful representation, substance over form, prudence, neutrality, completeness - correct answer According to the IFRS what are the 5 qualities of financial information that improve reliability Costs can be reliably measured - correct answer According to IFRS what condition must be met for revenue recognition to occur? Current ratio will decrease. Accruing wages increases both current liabilities and expenses, but collecting receivables has no effect on current assets or sales therefore...

ACCT 346.MANAGERIAL ACCOUNTING. LATEST Week 4 Midterm EXAM WITH A SCORE OF 22/25( with student answer& instructor’s explanation)-Highly recommended 1. Question : (TCO 1) Which of the following is not a difference between financial accounting and managerial accounting? Student Answer: Financial accounting is primarily concerned with reporting the past, whereas managerial accounting is more concerned with the future. Managerial accounting uses more nonmonetary information than is used ...