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ACG 2071 Final Exam Graded A+
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ACG 2071 Final Exam Graded A+
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ACG 2071 Final Exam Graded A+"If sales increases by 30%, how much will NOI increase?" - ANS-Sales X 30%= $
$ X CM= Increase in NOI
Absorption VS. Variable Costing - ANS-Abosrption: DM DL MOH FOH (FOH/#
Produced)
Variable: DM DL MOH
**If production > Sales then Absorption NOI > Variable NOI **
Activity Variance - ANS-Actual Activity - Projected Activity
Avoidable Cost - ANS-A cost that can be eliminated by choosing one alternative over
another
Calculate Acid Test Ratio - ANS-Quick Assets/ Current Liabilities
(QA Eliminates Inventory and PrePaids)
Calculate Average Collection Period - ANS-365/ Acct. Receivable TO (TO=Sales/Avg.
A/R)
Calculate Average Sales Period - ANS-365/ Inv. TO (CGS/Avg. Inv.)
Calculate Break Even in Multi-Product Companies - ANS-Fixed Expenses/ Overall CM
Ratio
Calculate Break Even in Units and Dollars - ANS-Units: Fixed Expenses/ Unit CM
Dollars: Fixed Expenses/ CM Ratio
Calculate Contribution Margin - ANS-Sales-Variable Expenses= CM
Calculate Contribution Margin Ratio - ANS-CM/Sales
Calculate Current Ratio - ANS-Current Assets/ Current Liabilities
Calculate Debt to Equity Ratio - ANS-Total Liabilities/ Total S.E Equity
Calculate Earnings Per Share - ANS-NI/ # of Common Shares (NI= NI-Preferred Div.)
Calculate Gross Margin Ratio - ANS-GM/ Sales (GM=Sales-CGS)
Calculate Margin - ANS-NOI/Sales
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