Day 34 Flashcards
1
Q
Under joint-costing how are costs allocated?
A
Allocated based upon relative unit volume, relative sales volume at split off, or meet realizable value
note: flexible budget are not used
MCQ-05799
2
Q
If a company issued additional socks for cash, how would it effect total debt to assets and working Capital ratios?
A
Decrease total debt to assets
Increase working Capital
MCQ-11122
3
Q
What is the most objective methodologies for valuing common stock?
A
The Discounted Cash Flow (DCF) method
MCQ-06141
4
Q
When is the cash budget prepared?
A
After all other budgets
MCQ-04043
