- Study guides, Class notes & Summaries

Acct 301 exam 1 practice 100% SOLUTION PASS

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17 pages

Written in 2023/2024

Grade A+

STUDENTSCORE

ACCT 301 Week 8 Final Exam Notes

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12 pages

Written in 2022/2023

Grade A+

Bestsellernursing001

ACCT 318 - Exam 1Questions and Answers | 2026 Update | 100% Correct.

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6 items

NursingAcademy

ADS Exam Questions and Answers | 2026 Update | 100% Correct. cost that cannot be affected by any future action is known as a(n): a. sunk cost. b. variable cost. c. relevant cost. d. opportunity cost. -Sunk cost is a cost that cannot be affected by any future action. For example, depreciation represents an allocation of a cost already incurred. This is considered a sunk cost. Moccasin Company makes televisions and is evaluating a make-or-buy decision. If it opts for making the television...

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5 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACTG 318 Long-Term Liabilities & Bond Accounting Concepts Questions and Answers | 2026 Update | 100% Correct. Bond Issue Price -The price investors pay for the bond, equal to the present value of future interest payments plus the present value of the principal repayment. Amortized Cost -The carrying value of a bond adjusted over time for discount or premium amortization. Actual Interest -Interest calculated on the actual funds borrowed during the construction of an asset. Avoidable Inte...

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7 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT318 Chapter 8 Questions and Answers | 2026 Update | 100% Correct. What is predictive analytics? -It provides foresight by identifying patterns in historical data and judging the likelihood/probability of future events. What is the core question addressed by predictive analytics? -'Will something happen?' What is the difference between deterministic and probabilistic models? - Deterministic models report known facts, while probabilistic models assess likelihood/probability and i...

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4 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT-410 Intermediate Accounting I questions and Answers | 2026 Update | 100% Correct. Separation of duties requires that individuals who have physical responsibility for assets should not have access to accounting records. 3 multiple choice options Coins, balances in checking accounts, checks received from customers and money orders received are all included in the _____________ account on the balance sheet. cash The current ratio and the quick ratio measure liquidity A critical asp...

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13 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 3122 Accounting Information Systems McGraw-Hill Course Project Questions and Answers | 2026 Update | 100% Correct. *Section 1* In the above diagram, the correct name of the class designated with the letter A is which of the following? -Customers In the above diagram, the correct name of the class designated with the letter B is which of the following? -Cash Receipts In the above diagram, the correct name of the class designated with the letter C is which of the following? -Stores I...

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7 pages

Written in 2025/2026

Grade A+

NursingAcademy

Acct 318 - Exam 2Questions and Answers | 2026 Update | 100% Correct. What are 3 different tools that have different relative advantages? - Excel - Tableau Desktop - Databases Excel - Best at data analysis and exploring data. Tool for creating PivotTables, graphs, and performing statistical analysis Tableau Desktop - Best for data visualization; does not allow original data entry Databases - Most secure method of storing data Relational databases store data in _________ _______

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14 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 318 EXAM 2 Chapter 5 Questions and Answers | 2026 Update | 100% Correct.

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12 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 318 EXAM 2 Chapter 5 Questions and Answers | 2026 Update | 100% Correct. What are the four types of data analytics in accounting? -Descriptive, Diagnostic, Predictive, and Prescriptive Analytics. What question does Descriptive Analytics answer? -What happened? What is happening? What is the purpose of Descriptive Analytics? -To turn raw data into comprehensible information, provide a foundation for all other analytics, and enable fact-based discussion of current state. What techniq...

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7 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 318 Exam 1Questions and Answers | 2026 Update | 100% Correct. information overload Access or exposure to too much information to be able to process. Bloom’s Taxonomy A hierarchical view of thinking and learning skills. Data Analytics The process of evaluating data with the purpose of drawing conclusions to address all types of questions, including accounting questions. AMPS model A framework for performing data analytics, which includes Ask the Question, Master the Data, Perfor...

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5 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 318 Exam 1Questions and Answers | 2026 Update | 100% Correct. information overload Access or exposure to too much information to be able to process. Bloom’s Taxonomy A hierarchical view of thinking and learning skills. Data Analytics The process of evaluating data with the purpose of drawing conclusions to address all types of questions, including accounting questions. AMPS model A framework for performing data analytics, which includes Ask the Question, Master the Data, Perfor...

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5 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 318 Exam 1Questions and Answers | 2026 Update | 100% Correct. information overload Access or exposure to too much information to be able to process. Bloom’s Taxonomy A hierarchical view of thinking and learning skills. Data Analytics The process of evaluating data with the purpose of drawing conclusions to address all types of questions, including accounting questions. AMPS model A framework for performing data analytics, which includes Ask the Question, Master the Data, Perfor...

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5 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 318 Exam 1 Review Questions and Answers | 2026 Update | 100% Correct. Of the options listed below, which is the highest level of thinking skills in Bloom's Taxonomy? -evaluate What type of question is predicting whether borrowers will be able to repay their loans? -Will it happen in the future? What is the probability something will happen? Is it forecastable? "Communicate results with management" is one of the desired skills for accounting professionals, consistent with EY...

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4 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 318 exam 1 Questions and Answers | 2026 Update | 100% Correct. Bloom's Taxonomy -hierarchical view of critical thinking skills; from highest level to lowest: create (combining parts to make a new whole), evaluate (judging the value of info or ideas), analyze (breaking down info into component parts), apply (applying the facts, rules, concepts, and ideas), understand (comprehending what the facts mean), remember (recognizing and recalling facts) Where accountants must play -create,...

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9 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 318 - Exam 1 Questions and Answers | 2026 Update | 100% Correct. 2.5 quintillion bytes How much data is created each day? Information Overload How might the abundance of data in business hinder accountants? Information Overload access or exposure to too much information to be able to process Critical Thinking a manner of thinking that employs curiosity, creativity, skepticism, analytics, and logic Bloom's Taxonomy a hierarchical view of thinking and learning skills Create --...

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4 pages

Written in 2025/2026

Grade A+

NursingAcademy

Acct 318 - Exam 2Questions and Answers | 2026 Update | 100% Correct. What are 3 different tools that have different relative advantages? - Excel - Tableau Desktop - Databases Excel - Best at data analysis and exploring data. Tool for creating PivotTables, graphs, and performing statistical analysis Tableau Desktop - Best for data visualization; does not allow original data entry Databases - Most secure method of storing data Relational databases store data in _________ __________

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14 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 318 - Exam 1Questions and Answers | 2026 Update | 100% Correct. 2.5 quintillion bytes How much data is created each day? Information Overload How might the abundance of data in business hinder accountants? Information Overload access or exposure to too much information to be able to process Critical Thinking a manner of thinking that employs curiosity, creativity, skepticism, analytics, and logic Bloom's Taxonomy a hierarchical view of thinking and learning skills Create --&...

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4 pages

Written in 2025/2026

Grade A+

NursingAcademy

Acct 318 - Exam 2 Questions and Answers | 2026 Update | 100% Correct. What are 3 different tools that have different relative advantages? - Excel - Tableau Desktop - Databases Excel - Best at data analysis and exploring data. Tool for creating PivotTables, graphs, and performing statistical analysis Tableau Desktop - Best for data visualization; does not allow original data entry Databases - Most secure method of storing data Relational databases store data in _________

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14 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 318 - Exam 1Questions and Answers | 2026 Update | 100% Correct. 2.5 quintillion bytes How much data is created each day? Information Overload How might the abundance of data in business hinder accountants? Information Overload access or exposure to too much information to be able to process Critical Thinking a manner of thinking that employs curiosity, creativity, skepticism, analytics, and logic Bloom's Taxonomy a hierarchical view of thinking and learning skills Create --&...

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4 pages

Written in 2025/2026

Grade A+

NursingAcademy

ACCT 301 Comprehensive Accounting and Financial Statement Concepts Questions and Answers | 2026 Update | 100% Correct. Accounting Equation The equation that represents the relationship between assets, liabilities, and equity, typically expressed as Assets = Liabilities + Equity. Rules of Debits/Credits The guidelines that dictate how debits and credits affect accounts, where debits increase assets and expenses, and credits increase liabilities, equity, and revenue. Accounting Cycle The ...

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8 pages

Written in 2025/2026

Grade A+

NursingAcademy