01/03/15

Question 1

OPERATING INCOME - INTEREST ON INVESTED CAPITAL IS????

Answer 1

RESIDUAL INCOME…

Question 2

WHEN GENERAL ECONOMIC CONDITIONS ARE RECESSIONARY, GREATER BARRIERS TO COLLUSION EXIST FOR ________FIRMS?

Answer 2

OLIGOPOLISTIC

Question 3

IN A JOB ORDER COST SYSTEM, THE USE OF INDIRECT MATERIALS WOULD BE REFLECTED IN THE GL AS AN INCREASE IN ????????????

Answer 3

FACTORY OVERHEAD CONTROL

Question 4

A BASELINE UNDERSTANDING OF THE SYSTEM IS THE STARTING POINT FOR ???????MONITORING, ACCORDING TO COSO

Answer 4

CONTROL

Question 5

A DIGITAL SIGNATURE IS USED TO DETERMINE THAT A MESSAGE IS ??????? IN TRANSMISSION

Answer 5

UNALTERED

Question 6

CURRENT ASSETS / CURRENT LIABILITIES IS THE ????

Answer 6

CURRENT RATIO

Question 7

THE PRESENT VALUE OF FUTURE CASH FLOWS MINUS THE INVESTMENT IS THE ?????

Answer 7

NET PRESENT VALUE

Question 8

INCREASED SECURITY IS AN ADVANTAGE OF THE ??? NETWORK

Answer 8

VAN (VALUE ADDED NETWORK)

Question 9

PHYSICAL QUANTITY COST ALLOCATION IS BASED ON THE TOTAL AMOUNT OF PRODUCTS PRODUCED. TO ALLOCATE, YOU SIMPLY ??? THE PRODUCTION COSTS TOGETHER AFTER THE SPLIT OFF POINT TO GET THE JOINT COST

Answer 9

ADD

Question 10

COST OF GOODS SOLD/AVERAGE INVENTORY IS THE ?

Answer 10

INVENTORY TURNOVER

Question 11

DIVIDENDS

+CHANGE IN PRICE/BEGINNING PRICE CALCULATES???

Answer 11

ECONOMIC RATE OF RETURN FOR COMMON STOCK

Question 12

????? MAPS DIAGRAM CAUSE AND EFFECT RELATIONSHIPS BETWEEN STRATEGIC OBJECTIVES

Answer 12

STRATEGY

Question 13

THE PRIMARY REASON FOR A DEBT COVENANT THAT LIMITS THE PERCENTAGE OF LT DEBT IS TO REDUCE THE ?????? RATE ON BONDS BEING SOLD

Answer 13

INTEREST RATE

Question 14

THE PRODUCT COSTS ARE $89 AND THE COMPANY WANTS A GROSS MARGIN OF 40% ON EACH UNIT SOLD, WHAT SHOULD BE THE SELLING PRICE?

Answer 14

$89/(100-.40) OR .60

$148.33

Question 15

THE SPREAD IS = TO ROI - COST OF CAPITAL

Answer 15

spread calculation

Question 16

direct labor+overhead or production costs-raw materials

Answer 16

conversion cost

Question 17

Return on investment (ROI) is calculated by dividing the average invested capital into the net income:

Average invested capital is (Operating assets from Year 2 + Operating assets from Year 3) ÷ 2.

Average invested capital = ($1,200,000 + $2,000,000) ÷ 2 = $3,200,000 ÷ 2 = $1,600,000
Net income is Operating revenue - Operating expenses:

Net income = $1,100,000 - $700,000 = $400,000
ROI = Net income ÷ Average invested capital:

ROI = $400,000 ÷ $1,600,000 = 0.25, or 25%

Answer 17

Return on investment (ROI) is calculated by dividing the average invested capital into the net income:

Average invested capital is (Operating assets from Year 2 + Operating assets from Year 3) ÷ 2.

Average invested capital = ($1,200,000 + $2,000,000) ÷ 2 = $3,200,000 ÷ 2 = $1,600,000
Net income is Operating revenue - Operating expenses:

Net income = $1,100,000 - $700,000 = $400,000
ROI = Net income ÷ Average invested capital:

ROI = $400,000 ÷ $1,600,000 = 0.25, or 25%

Question 18

a disadvantage of usury laws is that????

Answer 18

less credit worthy consumers are excluded from the market…

Question 19

economic cost is the sum of all explicit and implicit costs in a

Answer 19

business firm

Question 20

when using a flexible budget a decrease in production levels ????? total costs

Answer 20

decreases