Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Multiple Choice questions on accounts basics.
1. When a change in accounting principle occurs a. prior years\' financial statements should not be changed to reflect the newly adopted principle b. the new principle should be used in reporting the results of operations of the current year c. the cumulative effect of the change in principle should be reflected on the income statement as of the beginning of the next year. d. the cumulative effect of the change in accounting principle should be classified as an extraordinary item on the income statement. 2. If an item meets one (but not both) of the criteria for an extraordinary item, it a. only needs to be disclosed in the footnotes of the financial statements. b. may be treated as sales revenue (if it is a gain) and as an operating expense (if it is a loss). c. is reported as an \"other revenue or gain\" or \"other expense and loss,\" net of tax. d. is reported at its gross amount as an \"other revenue or gain\" or \"other expense or loss.\" 3. Horizontal analysis is also known as a. linear analysis b. vertical analysis c. trend analysis d. common size analysis 4. Vertical analysis is a technique that expresses each item in a financial statement a. in dollars and cents b. as a percent of the item in the previous year c. as a percent of a base amount d. starting with the highest value down to the lowest value 5. Return on common stockholders\' equity ratio is most closely related to a. gross profit rate and operating expenses to sales ratio b. profit margin and free cash flow c. times interest earned and debt to stockholders\' equity ratio d. return on asset ratio and leverage (debt to total assets ratio).
Determine the production mix at each corner point beyond the feasible production region (i.e., assuming you could produce at these coordinates)?
Briefly describe Metaphors credit card policy
Suppose a 10% interest rate, how much money will you require to deposit each year to be able to meet these financial goals?
Make a brief comment to management on the results of operations. What recommendations would you make to management to improve prfitability?
Evaluate the activity rates (i.e., cost per unit of activity) for the activity cost pools. Round off all evaluation to the nearest whole cent. Using the activity-based costing system, determine the customer margin for Paints-R-Us. Round off all c..
Describe the reason for any difference in the ending inventory balances under the two costing methods and the impact of this difference on reported net operating income.
Preparation of balance sheet from given data and financial statements of Texas Instruments
Which costs are relevant and which are not relevant in the choice between these two alternatives and find the differential cost between the two alternatives?
Purpose absorption and contribution margin income statements for the succeeding quarter for the division. Evaluate production costs per unit for both approaches and for both quarters.
Assess the ethical considerations for information privacy
Evaluate Bugaboo's plant-wide factory overhead rate for May. Determine May's product cost for each type of cookie.
Determine the ending finished-goods inventory cost under absorption costing and evaluate the ending finished-goods inventory cost under variable costing
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd