WGU D196 BUNDLED exam 2023 with 100% correct answers

What is the role and purpose of accounting? - correct answerAccounting is used to accumulate, measure, and communicate financial information about organizations. This information is used to make informed decisions regarding resource usage and allocation. Who uses accounting information and why? -...

bookkeeping - correct answerday to day keeping of transcations steps of decision making - correct answeridentify issue gather information identify alternatives select option that most likely results in desired objective accounting - correct answeranalysis of events record and report financ...

Accounting System - correct answerUsed by business to: 1. Analyze transactions 2. Handle routine bookkeeping tasks 3. Use the information to evaluate business performance Analysis/Bookkeeping/Evaluation - correct answer Accounting - correct answerQuantitative information, primarily financia...

What is the effect of a company's accounting department maintaining high ethical standards? - correct answerThe company's accounting information will increase in value. Why might employees be interested in their company's financial accounting information? - correct answerFinancial statement da...

What is the effect of a company's accounting department maintaining high ethical standards? -The company can report more favorable results in its financial statements. -The company's accounting information will decrease in value. -The company can hire fewer accountants to do the same amount of ...

What is an example of direct materials? Cost of robotic equipment in making automobiles Cost of sandpaper in making wood furniture Cost of saws and hammers in constructing a house Cost of aluminum in making an airplane - correct answerCost of aluminum in making an airplane What is the effect ...

Absolute Cell Reference - correct answerA cell reference that remains constant when a formula is pasted into a new cell. Account - correct answerAn accounting record in which the results of transactions are accumulated; shows increases, decreases, and a balance. Accounting - correct answerA sy...

Accounting plays a vital role in the decision-making process. Which action is the first step in the decision-making process? - correct answerIdentify the issue The money that a company needs to buy its land, pay its employees, and buy its supplies is called capital. What are the potential sources...

the production budget - correct answerSales budget + ending finished goods inventory - beginning finished goods inventory direct materials production budget - correct answerProduction budget × direct materials per unit the direct materials purchases budget - correct answerDirect materials pro...

managerial accounting definition - correct answergathering/analysis of info for purpose of making internal decision making financial accounting definition - correct answergathering, reporting, analyzing info primarily for benefit of external users such as investors and creditors managerial acc...

Unit 2: International Accounting Standards Board (IASB) - correct answerA committee formed to develop international accounting standards. Unit 2: American Institute of Certified Public Accountants (AICPA) - correct answerA professional organization for CPAs in which membership is voluntary. *Prof...

- correct answer What is the definition of vertical analysis of financial statements? Restricting attention to companies only in certain strategic industries Displaying each line item as a percentage of another for comparison to other companies in the industry Looking across time at a common-s...

What is the effect of a company's accounting department maintaining high ethical standards? The company can hire fewer accountants to do the same amount of work. The company's accounting information will decrease in value. The company can report more favorable results in its financial statement...