Day 29

Question 1

University Inc limits it’s business transactions to exports to foreign countries. What can be said about their exchange rate risk?

Answer 1

Transaction risks with the settlement of exports and economic risks associated with the satisfaction of domestic expenses dominated in domestic currencies with imported revenues

MCQ-03783

Question 2

MCQ-06170

Question 3

Define: Responsibility Accounting

Answer 3

Is a system of accounting that recognizes various responsibility or decision centers throughout the organization and reflects the plans and actions of each of these centers by assigning revenue and costs

MCQ-04209

Question 4

When are profits maximized in transfer pricing?

Answer 4

When the company selling the good has the lower tax rate

MCQ-08980

Question 5

Equation: Variable Overhead Efficiency Variance

Answer 5

= (Actual direct Labor hours - standard (budgeted) direct Labor hours) × standard variable overhead rate

MCQ-07750

Question 6

Rule: The expansion of working Capital

Answer 6

Is treated as increase in investment

WC = CA - CL

MCQ-03704

Question 7

What should be considered when assessing a cloud service providers data security measures?

Answer 7

1. 3rd party suppliers
2. Architecture to support users
3. Cloud of cloud agreements

MCQ-12464

Question 8

Equation: Residual Income

Answer 8

= income - imputed interest rate × average invested capital

MCQ-04250

Question 9

Equation: number of units needed to make a profit

Answer 9

(fixed costs + Pretax Profit) ÷ contribution margin per unit

MCQ-08750

Question 10

Operating budgets are used to create:

Answer 10

Proforma FS

MCQ-07747