Quiz 7 Cost Accounting - 1450 Words

Name: ________________________ Class: ___________________ Date: __________ Quiz 7 1) Which of the following involves significant financial investments in projects to develop new products, expand production capacity, or remodel current production facilities? A) capital budgeting B) working capital C) master budgeting D) project-cost budgeting Answer: A Diff: 1 Terms: capital budgeting Objective: 1 AACSB: Reflective thinking 2) The two factors capital budgeting emphasizes are: A) qualitative and nonfinancial B) quantitative and nonfinancial C) quantitative and financial D) qualitative and financial Answer: C Diff: 1 Terms: capital budgeting Objective: 2 AACSB: Reflective thinking 3) The stage†¦show more content†¦What is the internal rate of return? A) 15% B) 16% C) 17% D) 18% Answer: B Explanation: B) $921,250 = $250,000F F = 3.685 Chart criteria for six years is 3.685 = 16% Diff: 3 Terms: internal rate-of-return (IRR) method, required rate of return (RRR) Objective: 2 AACSB: Analytical skills 10) Investment A requires a net investment of $1,600,000. The required rate of return is 12% for the four-year annuity. What are the annual cash inflows if the net present value equals 0? (rounded) A) $378,966 B) $526,836 C) $549,696 D) $591,466 Answer: B Explanation: B) 3.037 Ãâ€" ACI - $1,600,000 = $0 = $526,836 Diff: 3 Terms: net present value (NPV) method, internal rate-of-return (IRR) method Objective: 2 AACSB: Analytical skills 11) The degree of freedom to make decisions is: A) decentralization B) autonomy C) centralization D) motivation Answer: B Diff: 1 Terms: autonomy Objective: 1 AACSB: Reflective thinking Answer the following questions using the information below: Penn Oil Corporation has two divisions, Refining and Production. The company s primary product is Luboil Oil. Each division s costs are provided below: Production: Variable costs per barrel of oil $ 9 Fixed costs per barrel of oil $ 6 Refining: Variable costs per barrel of oil $30 Fixed costs per barrel of oil $36 The Refining Division has been operating at a capacity of 40,000 barrels a dayShow MoreRelatedAcc 290 Week 3 Practice Quiz New844 Words   |  4 PagesACC 290 WEEK 3 PRACTICE QUIZ NEW To purchase this visit here: http://www.nerdypupil.com/product/acc-290-week-3-practice-quiz-new/ Contact us at: nerdypupil@gmail.com ACC 290 WEEK 3 PRACTICE QUIZ NEW Question 1 The revenue recognition principle dictates that revenue is recognized in the period in which the cash is received. Question 2 The generally accepted accounting principle which dictates that revenue be recognized in the accounting period in which the performance obligation is satisfiedRead MoreACCT 220 Chapter 3 Fun Quiz Essay619 Words   |  3 Pagesï » ¿UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE PRINCIPLES OF ACCOUNTING I ACCT220 FUN QUIZ THREE: CHAPTER THREE I. Multiple Choice. Select the best lettered answer for the number question or best lettered completion for the numbered partial statement. Record the letter next to the number. 1. ___C__ A company spends $15 million dollars for an office building. Over what period should the cost be written off? a. When the $15 million is expended in cash. b. All in the first year. c. OverRead MoreFinal Exam Eco1441 Words   |  6 Pagesd. the value of exports and the value of imports are not measurable Correct Marks for this submission: 1/1. 2 Marks: 1 The internal rate of return equals the cost of capital when Choose one answer. a. NPV = 0. b. NPV 0. c. NPV 0. myclasses.caluniversity.edu/mod/quiz/review.php?attempt=30446showall=true 1/7 13/3/27 ECO518T022013: Final Exam d. None of the above. Correct Marks for this submission: 1/1. Assume a firm employs 10 workers and pays each $15 per hourRead MoreCourse Syllabus: Managerial Accounting2699 Words   |  11 PagesfffffffffffffffffCOURSE SYLLABUS Spring 2013 Frank Stearns Riverside Community College Spring 2013 MANAGERIAL ACCOUNTING - 1B COURSE SYLLABUS MANAGERIAL ACCOUNTING - 1B Table of Contents General Information 3 1.1 Contact Information and Communications 3 1.2 Course Description 3 1.3 Learning Outcomes 3 Identification of Course/Reading Materials 3 2.1 Text and Materials 3 2.2 Internet Access 4 2.4 Web-CT / Open Campus 5 2.5 Log on Instructions 5 Course RequirementsRead MoreMaster Budget2030 Words   |  9 PagesAND RESPONSIBILITY ACCOUNTING I. LEARNING OBJECTIVES 1. Describe what the master budget is and explain its benefits 2. Describe the advantages of budgets 3. Prepare the operating budget and its supporting schedules 4. Use computer-based financial planning models in sensitivity analysis 5. Explain kaizen budgeting and how it is used for cost management 6. Prepare an activity-based budget 7. Describe responsibility centers and responsibility accounting 8. Explain howRead MoreEconomic: Economics and Correct Answer824 Words   |  4 Pagesminh co 2 bai Quiz 4 day. Quiz 3 thi de minh tim da nhe, hinh nhu khong luu thi phai. Linh Question 1 10 out of 10 points A monopoly will usually produce Answer Selected Answer: where its demand curve is elastic. Correct Answer: where its demand curve is elastic. Question 2 10 out of 10 points Suppose a firm is currently maximizing its profits (i.e., following the MR=MC rule). Assuming that it wants to continue maximizing its profits, if its fixed costs increase, itRead MoreFinc600 Week 2 Practice Quiz737 Words   |  3 PagesFINC600 Week 2 Practice Quiz Click Link Below To Buy: http://hwcampus.com/shop/finc600-week-2-practice-quiz/ Corporate Finance Week 2 Practice Quiz Question 1 of 15 If the Wall Street Journal Quotation for a company has the following values close: 55.14; Net chg: = + 1.04; then the closing price for the stock for the previous trading day was? A. $56.18 B. $54.10 C. $55.66 D. None of the above. Feedback: Previous closing = todays closing net chg. = 55.14 - 1Read MoreManagerial Accounting Essay630 Words   |  3 PagesQuiz Questions for Chapter 1 1. Waverly Company paid $5,000 cash for wages of production workers. This business event would: a. increase total assets and total equity. b. increase one asset account and decrease another asset account. c. decrease total assets and total equity. d. decrease one asset account and increase an equity account. 2. Warren Company makes candy. During the most recent accounting period, Warren paid $3,000 for raw materials, $4,000 for labor, andRead MoreAcc 2901929 Words   |  8 Pages[pic] Copyright  © 2011by University of Phoenix. All rights reserved. School of Business Course Syllabus ACC/290 Principles of Accounting I Course Start Date: 06/20/2013 Course End Date: 07/25/2013 Miami Learning Center 11410 NW 20 Street Miami, FL 33172 (305) 428-4910 Thursday Evenings – 6 PM to 10 PM June 20, 2013 June 27, 2013 July 11, 2013 July 18, 2013 JulyRead MoreFsa Quiz 31423 Words   |  6 PagesName: ______________________ Class: _________________ Date: _________ ID: A Quiz 3 Mock Multiple C hoice Identify the choice that best completes the statement or answers the question. ____ 1. All of the following are the general principles underlying the valuation of liabilities e xcept: a. Liabilities requiring future cash payments appear at the present value of the required future cash flows discounted at an interest rate that reflects the uncertainty that the firm will be