ACCT 301 DEVRY ENTIRE COURSE,ACCT 301 DEVRY ENTIRE CLASS,ACCT 301 DEVRY TUTORIAL,ACCT 301 DEVRY ASSIGNMENT Flashcards
DEVRY ACCT 301 Entire Course
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ACCT 301 Entire Course
ACCT 301 Week 1 Homework
ACCT 301 Week 2 Discussion Internal Controls
ACCT 301 Week 2 Homework
ACCT 301 Week 2 Quiz
ACCT 301 Week 3 Discussion Financial Statement Analysis
ACCT 301 Week 3 Homework
ACCT 301 Week 4 Discussion Managerial Accounting
ACCT 301 Week 4 Homework
ACCT 301 Week 4 Midterm Exam
ACCT 301 Week 5 Discussion Budgets and Productivity
ACCT 301 Week 5 Homework
ACCT 301 Week 6 Discussion Pricing
ACCT 301 Week 6 Homework
ACCT 301 Week 6 Quiz
ACCT 301 Week 7 Discussion Capital investment and Incremental
ACCT 301 Week 7 Homework
ACCT 301 Week 8 Discussion Looking Ahead
ACCT 301 Week 8 Final Exam
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DEVRY ACCT 301 Final Exam
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ACCT 301 Final Exam
1. (TCO 1) What is the accounting equation? Suppose your company sold $12,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 17)
2. (TCO 2) What are the four basic financial statements? Describe the balance sheet, and explain why it is important
Q3What is the Sarbanes-Oxley Act? Do you think this act has more importance for the accounting profession or for investors? Why
Q4What is horizontal analysis of financial statements? How does horizontal analysis differ from vertical analysis?
1. (TCO 8) Why is capital budgeting important? What is the IRR method? How is it calculated? (Points : 26)
2. (TCO 9) What are five different types of decisions that could use incremental analysis? What are the relevant costs in a make-or-buy decision? (Points : 26)
3. (TCO 10) How is a transfer price determined? Describe the cost-based method. Do you think it is better than the market-based method? (Points : 26)
4. (TCO 11) What are direct materials? Give an example of a direct material. How do direct materials differ from indirect materials? Give an example of an indirect material. (Points : 26)
1. (TCO 5) What is CVP analysis? Why is this an important analysis for a company to perform? (Points : 26)
2. (TCO 6) What is an operating budget? What does it result in? What is the first step in completing an operating budget? (Points : 26)
3. (TCO 7) What is responsibility accounting? What is a cost center? How does a cost center differ
from a profit center? (Points : 26)
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DEVRY ACCT 301 Week 1 Homework Assignment
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ACCT 301 Week 1 Homework Assignment
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DEVRY ACCT 301 Week 1 To Week 7 Discussion Questions
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ACCT 301 Week 1 To Week 7 Discussion Questions
Week 2 DQ 1. Internal Control - Describe what you think is the most important control activity that a company can implement. Why do you think that the one you chose is the most important?
Week 2 DQ 2. Fraud - Describe one of the three elements that are present when fraud occurs. Of the three elements, which do you think is present first in an ethical situation?
Week 3 DQ 1 Horizontal and Vertical Analysis - Go to Yahoo! Finance at the following URL http://finance.yahoo.com/. Enter the name of your favorite public company in the box in the upper left-hand corner, and click on Get Quotes. Click on the income statement or balance in the bottom left-hand corner of your favorite company. Perform a horizontal or vertical analysis of one of the line items on its income statement or balance sheet. What does this information tell you?
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DEVRY ACCT 301 Week 2 Homework Assignment
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ACCT 301 Week 2 Homework Assignment
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DEVRY ACCT 301 Week 2 Quiz
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ACCT 301 Week 2 Quiz
- (TCO 1) Which of the following would not be considered an external user of accounting data for XYZ Company?
- (TCO 1) The cost of assets consumed or services used is also known as _________.
- (TCO 1) The financial statement that summarizes the changes in retained earnings for a specific period of time is the _________.
- (TCO 1) Pinson Company began the year with retained earnings of $210,000. During the year, the company recorded revenues of $300,000, expenses of $228,000, and paid dividends of $24,000. What was Pinson’s retained earnings at the end of the year?
- (TCO 4) Which of the following statements is not true?
- (TCO 4) Using the following balance sheet and income statement data, what is the current ratio?
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DEVRY ACCT 301 Week 3 Homework Assignment
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ACCT 301 Week 3 Homework Assignment
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DEVRY ACCT 301 Week 4 Homework Assignment
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ACCT 301 Week 4 Homework Assignment
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DEVRY ACCT 301 Week 4 Midterm - 3 Sets
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ACCT 301 Week 4 Midterm - 3 Sets
- (TCO 1) Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)
- (TCO 2) Suppose your company sold $50,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)
- (TCO 3) Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud? (Points : 12)
- (TCO 4) What is horizontal analysis of financial statements? How does horizontal analysis differ from vertical analysis? (Points : 12)
- (TCO 3) Separation of duties is a key feature in an internal control system. Why is separation of duties such an important internal control? Give an example of separation of duties as an internal control. (Points : 24)
- . (TCO 1) Describe the balance sheet. Why is this statement important to the company, creditors, and investors? (Points : 24)
- (TCO 4) Name and describe one liquidity ratio. What does this ratio measure? What is the formula for this ratio? (Points : 24)
- Question (TCO 1) The retained earnings statement shows all of the following except which one?
- Question (TCO 1) Management’s views on the company’s short-term debt paying ability, expansion financing, and results of operations are found in which of the following?
- Question (TCO 4) For 2010, Fielder Corporation reported net income of $30,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?
- Question (TCO 4) A useful measure of solvency is which of the following?
- Question (TCO 2) Which pair of accounts follows the rules of debit and credit, in relation to increases and decreases, in the same manner?
- Question (TCO 2) The principle purpose of posting is which of the following?
- Question (TCO 3) Joe is a warehouse custodian, and also maintains the accounting record of the inventory held at the warehouse. An assessment of this situation indicates
- Question (TCO 3) The following information was taken from Hurlbert Company cash budget for the month of June:
- Question (TCO 11) Managerial accounting information does which of the following?
- Question (TCO 11) Which one of the following is not a direct material?
- Question (TCO 11) Sales commissions are classified as which of the following?
- Question (TCO 11) Manufacturing costs include which of the following?
- Question (TCO 11) Neeley Manufacturing Company reported the following year-end information:
- Question (TCO 5) What effect do changes in activity have on fixed costs per unit?
- Question (TCO 5) Which one of the following is not an assumption of CVP analysis?
- Question (TCO 5) A company has total fixed costs of $210,000 and a contribution margin ratio of 30%. How much sales are necessary to break even?
- Question (TCO 5) How much sales are required to earn a target income of $70,000, if total fixed costs are $100,000 and the contribution margin ratio is 40%?
- Question (TCO 6) For which one of the following budgeting aspects does the budget committee generally have the responsibility?
- Question (TCO 6) Under what situation might a budget be most effective?
- Question (TCO 6) How does long-range planning compare to a master budget?
- Question (TCO 6) Which one of the following is a source of information used to prepare the budgeted income statement?
- Question (TCO 7) When is a static budget most appropriate in evaluating a manager’s performance?
- Question (TCO 7) Which type of center is the housekeeping department of a manufacturing company?
- Question (TCO 7) For which of the following is an investment center manager responsible?
- Question (TCO 7) Merck Pharmaceuticals is evaluating its Vioxx division, an investment center. The division has a $45,000 controllable margin and $300,000 of sales. How much will Merck’s average operating assets be when its return on investment is 10%?
- Question (TCO 11) Financial and managerial accounting are both concerned with the economic events of an enterprise. Similarities between financial and managerial accounting do exist, but they have a different focus. Briefly distinguish between financial and managerial accounting as they relate to (1) the primary users, (2) the type and frequency of reports, (3) the purpose of reports, and (4) the content of reports.
- Question (TCO 4) Are short-term creditors, long-term creditors, and stockholders primarily interested in the same characteristics of a company? Explain.
- Question (TCO 5) In the month of September, Nixon Company sold 800 units of product. The average sales price was $30. During the month, fixed costs were $7,200 and variable costs were 60% of sales.
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DEVRY ACCT 301 Week 5 Homework Assignment
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ACCT 301 Week 5 Homework Assignment
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DEVRY ACCT 301 Week 6 Homework Assignment
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ACCT 301 Week 6 Homework Assignment
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DEVRY ACCT 301 Week 6 Quiz
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ACCT 301 Week 6 Quiz
- (TCO 9) Which one of the following stages of the management decision-making process is properly sequenced?
- (TCO 9) When is incremental analysis most useful?
- (TCO 9) Which of the following will never be a relevant cost?
- (TCO 9) A company is deciding whether or not to replace some old equipment with new equipment. Which of the following is not considered in the incremental analysis?
- (TCO 9) It costs Lannon Fields $14 of variable costs and $6 of allocated fixed costs to produce an industrial trash can that sells for $30. A buyer in Mexico offers to purchase 2,000 units at $18 each. Lannon has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income?
- (TCO 9) Wishnell Toys can make 1,000 toy robots with the following costs:
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DEVRY ACCT 301 Week 7 Homework Assignment
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ACCT 301 Week 7 Homework Assignment
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