Questions And Answers Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans ______________is composed of goods partially through the manufacturing process (not finished yet). 661 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Most for-profit organizations can be described as being in one (or more) of three categories: 687 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Trade credit is an example of which of the following sources of financing? 683 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Which of the following is a spontaneous source of financing? 723 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans A quite risky working capital management policy would have a high ratio of A) short-term debt to bonds and equity. 715 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Which of the following is NOT a spontaneous source of financing? 875 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Which of the following is true? A. Direct materials are considered to be fixed costs. B. Manufacturing overhead is composed of only variable costs. C. Fixed costs stay constant in total over a wide range of activity levels. D. The average cost per unit can be used for predicting total costs at many different output levels. 685 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Which of the following is false? A. Sunk costs are generally relevant to decisions. B. Uncontrollable costs are costs over which the company has little or no control in the short run. C. Sunk costs are costs that have already been incurred. D. The difference in cost between two alternatives is known as a differential cost. 713 viewsDarshita Changed status to publish August 7, 2020 0 Votes 0 Ans Which of the following types of companies will always have the Cost of Goods Sold account on their income statements? A. Service and manufacturing companies B. Service and merchandising companies C. Merchandising and manufacturing companies D. Service, merchandising, and manufacturing companies 511 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Spontaneous sources of financing include 679 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans The principle of maturity matching suggests that A) machinery with a 5 year economic life be financed with debt that will be paid off in five years or less. 657 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Which of the following is a calculated amount, rather than a general ledger account? A. Cost of goods manufactured B. Cost of goods sold C. Sales revenue D. Finished goods inventory 650 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Which of the following is not part of manufacturing overhead? A. Period costs, such as depreciation on office computers B. Indirect materials, such as machine lubricants C. Indirect labor, such as plant forklift operators’ wages D. Other indirect manufacturing costs, such as plant utilities 678 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Which of the following is most consistent with the self-liquidating debt principle in working capital management? A) Fixed assets should be financed with short-term notes payable. 849 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans According to the self-liquidating debt principle permanent assets should be financed with ________ liabilities. 824 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Conversion costs consist of A. direct labor and manufacturing overhead. B. direct materials, direct labor, and manufacturing overhead. C. direct materials and manufacturing overhead. D. direct materials and direct labor. 613 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans Period costs are often referred to as A. manufacturing expenses. B. operating expenses. C. product costs. D. direct costs. 661 viewsDarshita Changed status to publish August 7, 2020 0 Votes 0 Ans Which of the following is considered to be a spontaneous source of financing? 578 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans A cost that can be traced to a cost object is known as a(n) A. product cost. B. period cost. C. direct cost. D. indirect cost. 986 viewsDarshita Changed status to publish August 7, 2020 0 Votes 1 Ans A toy manufacturer following the self-liquidating debt. principle will generally finance seasonal inventory build-up prior to the Holiday season with: 907 viewsDarshita Changed status to publish August 7, 2020 « Previous 1 2 … 5 6 7 8 9 … 128 129 Next »
