Bender Day 12 Flashcards

1
Q

The Absorption method subtracts ___ from ____ to drive gross margin?

A

COGS (which includes fixed factory overhead)

From

Revenues

MCQ-08970

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is the difference between Fiscal and Monetary Policy?

A

Fiscal - government uses government spending and taxes to influence the market

Monetary - used by the Central Bank (Fed Reserve) and uses money supply and interest rates

MCQ-03249

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

An organization installed an uninterrupted power supply, what type of control?

A

Physical access control

MCQ-13036

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

ABC, Inc is a new company in a highly competitive industry of biotech, when will profitability increase?

A

When there are significant barriers to entry and high start up costs

this prevents new sellers from entering the market

MCQ-07838

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Equation: Contribution Margin Per Unit

A

Revenues - Variable Costs = Contribution Margin
÷
Total units

MCQ-03734

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is the main reason why a company wants to reduce the number of days sales in amounts receivable is to increase:

A

Cash

MCQ-05052

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

When should a US company consider hedging it’s transaction bc it is in a short position?

A

One receiving shipments from Japan and owing 800,000,000 yen in 60 days

the concern is a weakening domestic currency relative to a foreign currency

MCQ-12456

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What costs would be included on a Cost Of Quality Report

A
  1. Warranty claims -external failure costs
  2. Design engineering - prevention cost
  3. Supplier evaluations - prevention costs

Note: lost contribution margin is an Opportunity Cost

MCQ-03881

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Conflicts of interest provisions in SOX, prohibit directors and executive’s of an issuer from:

A

Receiving a personal loan from the issuer not in the ordinary course of business

MCQ-06491

How well did you know this?
1
Not at all
2
3
4
5
Perfectly