Acg 2071 Study guides, Class notes & Summaries
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ACG 2071 Exam 1 Review With 100% Correct Answers |Verified
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ACG 2071 Already Passed Exam Questions and CORRECT Answers
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CVP analysis focuses on how profits are affected by ______.total fixed costs 
unit variable cost 
mix of products sold 
sales volume 
selling price 
Vivian's Violins has sales of $326,000, contribution margin of $184,000 and fixed costs total 
$85,000. Vivian's Violins net operating income is Blank______.$99,000 
Contribution margin is first used to cover _______ expenses. Once the break-even point has 
been reached, contribution margin becomes ________fixed , profit 
Which of the following ...
ACG 2071 Exam 1 Complete Questions And Answers
ACG 2071 - Exam 1 Study Guide With 100% Correct Answers |Verified
ACG 2071 Exam 1 Practice Questions And Answers Solved 100% Correct!!
ACG 2071 Final Exam Verified Questions And Answers Already Graded A+
ACG 2071 Exam 1 FSU Questions And Correct Answers Already Passed
ACG 2071 Exam 1 Questions And Answers 100% Pass
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ACG 2071 UPDATED Test Questions and CORRECT Answers
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Users of informationFinancial: external; gov.t regulators, creditors, stockholders 
Managerial: internal; managers 
purpose of informationFinancial: help external user making investing and lending 
decisions 
Managerial: help managers plan, direct and control operations and make decisions 
primary productFinancial: financial statements 
Managerial: variety of useful internal reports 
reporting formatFinancial: GAAP
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ACG 2071 Certification Exam Questions and CORRECT Answers
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trend analysishorizontal = all yrs. / base yr 
vertical analysiscurrent period 
acid-test ratio(cash + marketable + ar + short-term nr) / current liabilities 
current ratiocurrent assets / current liabilities 
working capitalcurrent assets - current liabilities 
AR Turnover Ratiosales / avg. AR balance 
Average collection period365 / ARTR
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