ACCT 2401 Guías de estudio, Notas de estudios & Resúmenes

ACCT 2401 ALL ONLINE TEST ACCOUTING QUESTIONS AND ANSWERS AVAILABLE 2022-2023 • If total sales is $90000, office expenses is $30000 and rent expense is $15000, profit or loss is which of the following? Selected Answer: $45000 profit Answers: $45000 profit $45000 loss $75000 loss $75000 profit Feedback: Profit equals $45000 = ($90000 – $30000 – $15000). Learning Objective 2.3 ~ outline the basic financial statements used in business to report to users for decision-making ...

ACCT 2401 QUESTIONS AND ANSWERS AVAILABLE Test #1 Chapters 1 & 2 Test Prep (Solutions are at the end) 1. Which of the following is a period cost: a. raw materials costs. b. manufacturing plant maintenance. c. wages for production line workers. d. salary for the vice president of finance. 2. The inventory accounts of a manufacturing firm include: a. raw materials. b. finished goods. c. work in process d. all of the above. 3. The beginning balance of Finished Goods is $50,000, the...

ACCT 2401 TEST PREP EXAMS SOLUTIONS AVAILABLE 2022-2023 For Questions 1-3 use the following data: Pringle Company sells a single product. The company’s sales and expenses are as follows: Sales $600,000 $40 Less variable expenses 420,000 28 Contribution margin 180,000 12 Less fixed expenses 150,000 Net Income $ 30,000 1. What is the break-even in units sold and in dollars? 2. Without computations, what is the total contribution margin at breakeven? 3. How many unit...

Accounting 2401 Final Exam Study Guide Fall 2022-2023 Multiple Choice (2.5 points each) 1. During 2014, Parker Enterprises generated revenues of $90,000. The company’s expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. Parker’s gross profit is a. $24,000. b. $27,000. c. $45,000. d. $90,000. 2. During 2014, Parker Enterprises generated revenues of $90,000. The company’s expenses were as fol...

ACCT 2401 Final Exam Study Guide Fall 2018 1. If given a scenario, be able to distinguish between derailers and arrivers? Derailer- being insensitive to others, abrasive, intimidating, bullying style, being cold, ignorant Arrivers- opposite 2. What has research determined about arrivers? Arrivers are sensitive to the feelings of others 3. What is the key to success when using behavioral substitution and behavioral addition techniques to change organizational culture? Behavioral addition, b...