ACCT 526 MIDTERM EXAM UPDATED EXAM
SCRIPT WITH COMPLETE ANSWERS
◉ Adriana Alvarado has decided to purchase a personal computer.
She has narrowed the choices to two: Drantex and Confiar. Both
brands have the same processing speed, 6.4 gigabytes of hard-disk
capacity, two USB ports, and a DVDRW drive, and each comes with
the same basic software support package. Both come from mail-
order companies with good reputations. The selling price for each is
identical. After some review, Adriana discovers that the cost of
operating and maintaining Drantex over a 3-year period is estimated
to be $300. For Confiar, the operating and maintenance cost is $600.
The sales agent for Drantex emphasized the lower operating and
maintenance costs. The agent for Confiar, however, emphasized the
service reputation of the product and the faster delivery time
(Confiar can be purchased and delivered 1 week sooner than
Drantex). Based on all the information, Adriana has decided to buy
Confiar.
What is the tot.
Answer: the product, its features, services and delivery speed
◉ Adriana Alvarado has decided to purchase a personal computer.
She has narrowed the choices to two: Drantex and Confiar. Both
brands have the same processing speed, 6.4 gigabytes of hard-disk
capacity, two USB ports, and a DVDRW drive, and each comes with
,the same basic software support package. Both come from mail-
order companies with good reputations. The selling price for each is
identical. After some review, Adriana discovers that the cost of
operating and maintaining Drantex over a 3-year period is estimated
to be $300. For Confiar, the operating and maintenance cost is $600.
The sales agent for Drantex emphasized the lower operating and
maintenance costs. The agent for Confiar, however, emphasized the
service reputation of the product and the faster delivery time
(Confiar can be purchased and delivered 1 week sooner than
Drantex). Based on all the information, Adriana has decided to buy
Confiar.
How does the st.
Answer: Drantex is emphasizing low costs, and Confiar is attempting
to differentiate its PC by offering faster delivery and higher quality
services.
◉ Which of the following is a characteristic of managerial
accounting?.
Answer: collects financial information useful for internal decision
making
an emphasis on the future
internal focus
broad based and multidisciplinary
, ◉ Managerial Accounting or Financial Accounting?
Ben Heald, head of production, wondered whether it would be more
cost effective to buy parts partially assembled or to buy individual
parts and assemble them at the Arben factory..
Answer: managerial accounting
◉ Managerial Accounting or Financial Accounting?
The president of Arben reminded Jenna that the stockholders
meeting was coming up, and he needed her to prepare a Powerpoint
presentation showing the income statement and balance sheet
information for last year..
Answer: Financial Accounting
◉ Managerial Accounting or Financial Accounting?
Ellen Johnson, vice president of sales, has decided to expand the
sales offices for next year. She sent Jenna the information on next
year's rent and depreciation information for budgeting purposes..
Answer: Managerial Accounting
◉ Managerial Accounting or Financial Accounting?
SCRIPT WITH COMPLETE ANSWERS
◉ Adriana Alvarado has decided to purchase a personal computer.
She has narrowed the choices to two: Drantex and Confiar. Both
brands have the same processing speed, 6.4 gigabytes of hard-disk
capacity, two USB ports, and a DVDRW drive, and each comes with
the same basic software support package. Both come from mail-
order companies with good reputations. The selling price for each is
identical. After some review, Adriana discovers that the cost of
operating and maintaining Drantex over a 3-year period is estimated
to be $300. For Confiar, the operating and maintenance cost is $600.
The sales agent for Drantex emphasized the lower operating and
maintenance costs. The agent for Confiar, however, emphasized the
service reputation of the product and the faster delivery time
(Confiar can be purchased and delivered 1 week sooner than
Drantex). Based on all the information, Adriana has decided to buy
Confiar.
What is the tot.
Answer: the product, its features, services and delivery speed
◉ Adriana Alvarado has decided to purchase a personal computer.
She has narrowed the choices to two: Drantex and Confiar. Both
brands have the same processing speed, 6.4 gigabytes of hard-disk
capacity, two USB ports, and a DVDRW drive, and each comes with
,the same basic software support package. Both come from mail-
order companies with good reputations. The selling price for each is
identical. After some review, Adriana discovers that the cost of
operating and maintaining Drantex over a 3-year period is estimated
to be $300. For Confiar, the operating and maintenance cost is $600.
The sales agent for Drantex emphasized the lower operating and
maintenance costs. The agent for Confiar, however, emphasized the
service reputation of the product and the faster delivery time
(Confiar can be purchased and delivered 1 week sooner than
Drantex). Based on all the information, Adriana has decided to buy
Confiar.
How does the st.
Answer: Drantex is emphasizing low costs, and Confiar is attempting
to differentiate its PC by offering faster delivery and higher quality
services.
◉ Which of the following is a characteristic of managerial
accounting?.
Answer: collects financial information useful for internal decision
making
an emphasis on the future
internal focus
broad based and multidisciplinary
, ◉ Managerial Accounting or Financial Accounting?
Ben Heald, head of production, wondered whether it would be more
cost effective to buy parts partially assembled or to buy individual
parts and assemble them at the Arben factory..
Answer: managerial accounting
◉ Managerial Accounting or Financial Accounting?
The president of Arben reminded Jenna that the stockholders
meeting was coming up, and he needed her to prepare a Powerpoint
presentation showing the income statement and balance sheet
information for last year..
Answer: Financial Accounting
◉ Managerial Accounting or Financial Accounting?
Ellen Johnson, vice president of sales, has decided to expand the
sales offices for next year. She sent Jenna the information on next
year's rent and depreciation information for budgeting purposes..
Answer: Managerial Accounting
◉ Managerial Accounting or Financial Accounting?
