BUS A 100 (a100)

Which of the following is true? a. Total fixed costs plus total variable costs will always equal total sales b. The contribution margin will always equal fixed costs plus net income c. Variable costs per unit will vary depending on the level of production d. Fixed costs per unit always stay the same - Answer b. The contribution margin will always equal fixed costs plus net income Variable costs expressed on a per unit basis: a. Should be ignored in making decisions since they cannot ...

Which of the following statements are true regarding stockholders? A. They are creditors of the company. B. They are owners of the company. C. They expect to receive interest on their investment. D. They expect to receive their investment back at a specified point in time. - Answer B. They are owners of the company Which of the following is correctly classified? A. Selling stock to stockholders is an investing cash flow. B. Paying for operations of the business is an investing cash f...

Managerial Accounting - Answer accounting used to provide information and analyses to managers inside the organization to assist them in decision making What three categories go into Product Costs? - Answer 1. Direct Materials-raw materials that go directly into the product 2. Direct Labor-all wages and benefits for employees working on the product 3. Manufacturing Overhead-utilities, insurance What are examples of Period Costs? - Answer 1. selling expenses-advertising, marketin...

Debt-to-equity Ratio: Leverage - Answer Average Total Liabilities/Average Stockholders' Equity Return On Equity(ROE)Ratio: Profitability - Answer Net Income/Average Stockholders' Equity Current Ratio: Solvency - Answer Current Assets/Current Liabilities Inventory Turnover Ratio: Asset Turnover - Answer Costs of Goods Sold/Average Inventory Earnings per Share: Other - Answer Net Income/# of shares outstanding -- required to be on financial statements Accounts R...

balance sheet equation - Answer assets = liabilities + equity Assets - Answer what the business owns Assets Rules - Answer 1.) Things the business controls 2.) From a past event 3.) Will generate future economic benefit current assets - Answer assets that will be turned into cash or used up within a year ex. cash, accounts receivable, prepayments long term assets - Answer assets that will be turned into cash or used up within a period longer than a year ex. PPE, tr...

Business activities - Answer Operating, Investing, and Financing Sources of funds - Answer liabilities and stockholders’ equity Uses of funds - Answer assets Equity Investors - Answer Owners/shareholders Care about earnings retained from profitable business operations Legal rights of stockholders - Answer Ownership, hope for profit Benefits of stockholders - Answer Increased value of shares, possible dividends Risks of stockholders - Answer May not recei...

Financial Accounting - Answer The field of accounting that focuses on providing information for external decision makers. Finance Activities - Answer raising money through creditors and investors Operating activities - Answer Paying salaries, wages, rent, utilities, stuff that makes the business operate Investing Activities - Answer Purchasing land, buildings and equipment to operate Equity investors - Answer Shareholders of a company who hope to receive dividends and ...

This is a comprehensive summary on Intro to financial accounting. * You'll need this one.

This is a comprehensive equation based note for basic accounting skills. Abbreviations are also included. * You'll need it.

This is a comprehensive equation based note for basic accounting skills. Abbreviations are also included. * You'll need it.