D196
Western Governors University
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D196 Principles of Financial and Managerial Accounting Exam 2023 Questions and Answers (Verified Answers)
- Examen • 57 pages • 2023
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D196 Principles of Financial and Managerial Accounting Exam 2023 Questions and Answers (Verified Answers)
WGU D196 Practice Test Questions and Answers 2022/2023 | 100% Verified Answers
![WGU D196 PRINCIPALS OF MANAGERIAL AND FINANCIAL ACCOUNTING STUDY GUIDE 2022/2023 | 100% Verified Answers](/docpics/64341aa0ca69e_2577452.jpg)
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WGU D196 PRINCIPALS OF MANAGERIAL AND FINANCIAL ACCOUNTING STUDY GUIDE 2022/2023 | 100% Verified Answers
- Examen • 51 pages • 2023
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WGU D196 PRINCIPALS OF MANAGERIAL AND FINANCIAL ACCOUNTING STUDY GUIDE 2022/2023 | 100% Verified Answers
![WGU D196- Principles of Financial and Managerial Accounting Exam Solutions | Rated A+ 2023 Latest](/docpics/63f992160c606_2408515.jpg)
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WGU D196- Principles of Financial and Managerial Accounting Exam Solutions | Rated A+ 2023 Latest
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WGU D196- Principles of Financial and Managerial Accounting Exam Solutions | Rated A+ 2023 Latest. Variable Costs - ANSWER = Variable Cost per Unit x Number of Units 
Costs that change in total in direct proportion to changes in activity level. 
Variable Cost Ratio x Sales Revenue - ANSWER Variable Costs 
Unit-level activities - ANSWER Activities that take place each time a unit of product is 
produced. 
Batch-level activities - ANSWER Activities that take place in order to support a batch or 
p...
![WGU D196 Final Exam A Complete Solution (Questions and Answers) 2023 | Principles of Financial and Managerial Accounting](/docpics/63f860c8ad7da_2405457.jpg)
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WGU D196 Final Exam A Complete Solution (Questions and Answers) 2023 | Principles of Financial and Managerial Accounting
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WGU D196 Final Exam A Complete Solution (Questions and Answers) 2023 | Principles of Financial and Managerial Accounting. gasb- what does it stand for, who are they, what do they do - governmental accounting 
standards board 
sets accounting and financial reporting standards for state and legal governments. 
authority over financial reporting by government entities 
1 of the two boards that make up GAAP 
gaap - generally accepted accounting principles 
sec - Securities and Exchange Commission 
r...
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QUESTIONS AND ANSWERS
![WGU D196 Final Exam A Complete Solution (Questions and Answers) 2023 | Principles of Financial and Managerial Accounting](/docpics/63f7b4364a39c_2404062.jpg)
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WGU D196 Final Exam A Complete Solution (Questions and Answers) 2023 | Principles of Financial and Managerial Accounting
- Examen • 15 pages • 2023
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WGU D196 Final Exam A Complete Solution (Questions and Answers) 2023 | Principles of Financial and Managerial Accounting. managerial accounting - gather and analysis of information for internal use and decision 
making. 
financial accounting - gather, report, analysis of information for external users- investors 
and creditors. summary of a business 
what does managerial accounting review - product cost, breakeven analysis, budgeting, 
performance analysis, outsource production 
what does financ...
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WGU D196-Principles of Financial and Managerial Accounting Exam Solutions 2023 Rated 100%
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WGU D196-Principles of Financial and Managerial Accounting Exam Solutions 2023 Rated 100%. Absolute Cell Reference - ANSWER A cell reference that remains constant when a formula 
is pasted into a new cell 
Account - ANSWER An accounting record in which the results of transactions 
accumulated; shows increases, decreases, and a balance. 
Accounting - ANSWER A system for providing quantitative, financial information about 
economic entities that is useful for making sound economic decisions. Accou...
![WGU D196 Final Exam A Complete Solution (Questions and Answers) 2023 | Principles of Financial and Managerial Accounting](/docpics/63f78460d84d6_2403436.jpg)
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WGU D196 Final Exam A Complete Solution (Questions and Answers) 2023 | Principles of Financial and Managerial Accounting
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WGU D196 Final Exam A Complete Solution (Questions and Answers) 2023 | Principles of Financial and Managerial Accounting. bookkeeping - day to day keeping of transcations 
steps of decision making - identify issue 
gather information 
identify alternatives 
select option that most likely results in desired objective 
accounting - analysis of events 
record and report financial effects of business activities 
where does capital come from (3) - investors 
creditors(lenders) 
business itself (from ...
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WGU D196 Principles of Financial and Managerial Accounting Exam Solutions | Rated A+ 2023 Latest
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WGU D196 Principles of Financial and Managerial Accounting Exam Solutions | Rated A+ 2023 Latest. Contribution Margin - ANSWER = Sales Revenue - Variable Costs 
The difference between total sales and variable costs; the portion of sales revenue 
available to cover fixed costs and provide a profit. 
Target Income - ANSWER = Sales Revenue - Variable Costs - Fixed Costs 
A profit level desired by management. 
At break-even - ANSWER Target income = 0 
Sales Revenue - ANSWER = Sales Price x Number of...
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