WGU D196 OA AND PRE ASSESSMENT
EXAM 2024-2025 ACTUAL EXAM 2
VERSIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Which business document involves the process of
tracking the actual performance of a company?
a. balance sheet
b.sales invoice and purchase order.
c. money order
d. none of the anwers - ....ANSWER...b
Your company purchases new equipment for cash.
Which accounts are increased and decreased
because of this transaction?
a. Cash increases and Equipment increases
,b. Cash decreases and equipment decreases
c.Equipment increases and owners equity decreases
d .Equipment increases and cash decreases. -
....ANSWER...d
What factors should the production supervisor
consider in assembling her production?
a.Projected sales, desired ending inventory, and
amount of beginning inventory.
b.desired ending inventory, sales, and beginning
inventory
c. beginning inventory, sales, and ending inventory
d. none of the answers - ....ANSWER...a
BEP (units) formula
a. sales- cm
b.fixed costs / CM per unit
c.fixed cost / variance cost
d. fixed costs - cm per unit - ....ANSWER...b
Earnings (Loss) Per Share (EPS)
,a.net income /outstanding number of shares of
stock.
b. number of shares of stock - net income
c. both alternatives
d. none of the alternatives - ....ANSWER...a
What is the impact of expenses on the accounting
equation?
a. Expenses decrease owners' equity.
b. revenue increases owner's equity
c. owners 's equity increase revenue
d. liability decrease owner's equity - ....ANSWER...a
For purposes of cash flow classification in the
statement of cash flows, which item is an investing
activity?
a. Repaying loans
b. Borrowing money
c. Distribution to owners
d. Purchasing land - ....ANSWER...d
Is true or false that :
, FASB : accounting standards for publicity listed
companies
GAAP : rules governing financial . Set by private,
non-governate group Fasb and IASB
GASB : private non-governmental that seeks
improve acct practices and procedures.
IASB : founded in 1973- international accounting
standards. - ....ANSWER...true
Direct Labor Budget (memorize)
a. schedule of direct labor requirements for budget
period.units needed to produce * hours of labor per
unit / # of hours per week to work / 4 weeks in a
month = how many employees needed -
....ANSWER...a.
Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
Fixed costs $120,000
What is Prints Plus's contribution margin per unit?
EXAM 2024-2025 ACTUAL EXAM 2
VERSIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Which business document involves the process of
tracking the actual performance of a company?
a. balance sheet
b.sales invoice and purchase order.
c. money order
d. none of the anwers - ....ANSWER...b
Your company purchases new equipment for cash.
Which accounts are increased and decreased
because of this transaction?
a. Cash increases and Equipment increases
,b. Cash decreases and equipment decreases
c.Equipment increases and owners equity decreases
d .Equipment increases and cash decreases. -
....ANSWER...d
What factors should the production supervisor
consider in assembling her production?
a.Projected sales, desired ending inventory, and
amount of beginning inventory.
b.desired ending inventory, sales, and beginning
inventory
c. beginning inventory, sales, and ending inventory
d. none of the answers - ....ANSWER...a
BEP (units) formula
a. sales- cm
b.fixed costs / CM per unit
c.fixed cost / variance cost
d. fixed costs - cm per unit - ....ANSWER...b
Earnings (Loss) Per Share (EPS)
,a.net income /outstanding number of shares of
stock.
b. number of shares of stock - net income
c. both alternatives
d. none of the alternatives - ....ANSWER...a
What is the impact of expenses on the accounting
equation?
a. Expenses decrease owners' equity.
b. revenue increases owner's equity
c. owners 's equity increase revenue
d. liability decrease owner's equity - ....ANSWER...a
For purposes of cash flow classification in the
statement of cash flows, which item is an investing
activity?
a. Repaying loans
b. Borrowing money
c. Distribution to owners
d. Purchasing land - ....ANSWER...d
Is true or false that :
, FASB : accounting standards for publicity listed
companies
GAAP : rules governing financial . Set by private,
non-governate group Fasb and IASB
GASB : private non-governmental that seeks
improve acct practices and procedures.
IASB : founded in 1973- international accounting
standards. - ....ANSWER...true
Direct Labor Budget (memorize)
a. schedule of direct labor requirements for budget
period.units needed to produce * hours of labor per
unit / # of hours per week to work / 4 weeks in a
month = how many employees needed -
....ANSWER...a.
Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
Fixed costs $120,000
What is Prints Plus's contribution margin per unit?
