100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Test Bank For Managerial Accounting 13th Canadian Edition by Alan Webb Ray Garrison, Theresa Libby (All Chapters, 100% Original Verified, A+ Grade) $28.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. Managerial Accounting 13ce By Alan Webb Ray Garris
  4.  
  5. Managerial Accounting 13ce by Alan Webb Ray Garris

Exam (elaborations)

Test Bank For Managerial Accounting 13th Canadian Edition by Alan Webb Ray Garrison, Theresa Libby (All Chapters, 100% Original Verified, A+ Grade)

 1 purchase
  • Course
  • Managerial Accounting 13ce by Alan Webb Ray Garris
  • Institution
  • Managerial Accounting 13ce By Alan Webb Ray Garris

This Is The Original 13th Edition Of The Test Bank From The Original Author All Other Files In The Market Are Fake/Old Editions. Other Sellers Have Changed The Old Edition Number To The New But The Test Bank Is An Old Edition. Test Bank For Managerial Accounting 13th Canadian Edition by Alan We...

[Show more]

Preview 4 out of 1340  pages

Document information

  • September 12, 2024
  • 1340
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • free solutions manual answer key download
  • test bank download free test bank download
  • test bank exam bank mcqs solutions manual

Written for

  • Managerial Accounting 13ce by Alan Webb Ray Garris
  • Managerial Accounting 13ce by Alan Webb Ray Garris

Seller

avatar-seller
tutorsection

Reviews received

Content preview

Managerial Accounting 13ce by Alan Webb Ray Garrison,
Theresa Libby (Test Bank All Chapters, 100% Original Verified, A
+ Grade) Answers At The End Of Each Chapter
All Chapters Are Arranged Reversed From 14-1
Chapter 14


Student name:__________
1) The Seabury Corporation has a current ratio of 3.8 and an acid-test ratio of 3.1. The
corporation's current assets consist of cash, temporary investments, accounts receivable, and
inventories. Inventory equals $63,000. Seabury Corporation's current liabilities must
be:(Round your intermediate calculations to 1 decimal place.)
A) $63,000
B) $279,000
C) $44,100
D) $90,000



2) Data from Fontecchio Corporation's most recent balance sheet appear below:

Cash $ 23,000
Temporary investments $ 27,000
Accounts receivable $ 45,760
Inventory $ 64,000
Prepaid expenses $ 18,000
Current liabilities $ 152,000

The corporation's acid-test ratio is closest to:
A) 0.33
B) 0.18
C) 0.63
D) 0.45


3) Feiler Corporation has total current assets of $521,000, total current liabilities of $385,000,
total shareholders' equity of $1,095,000, total plant and equipment (net) of $1,069,000, total
assets of $1,590,000, and total liabilities of $495,000. The company's current ratio is closest
to:
A) 0.78
B) 1.05
C) 1.35
D) 2.16




Version 1 1

,Chapter 14


4) Gnas Corporation's total current assets are $243,000, its noncurrent assets are $623,000, its
total current liabilities are $182,000, its long-term liabilities are $512,000, and its
shareholders' equity is $172,000. The current ratio is closest to:
A) 1.34
B) 0.75
C) 1.41
D) 1.06



5) Dratif Corporation's working capital is $50,000 and its current liabilities are $148,000. The
corporation's current ratio is closest to:
A) 1.34
B) 0.34
C) 2.34
D) 0.75



6) Dennisport Corporation has an acid-test ratio of 2.4. It has current liabilities of $54,000 and
noncurrent assets of $85,000. The corporation's current assets consist of cash, temporary
investments, accounts receivable, prepaid expenses, and inventory. If Dennisport's current
ratio is 2.8, its inventory and prepaid expenses must be:

A) $66,200
B) $21,600
C) $86,800
D) $74,400


7) Calin Corporation has total current assets of $617,000, total current liabilities of $233,000,
total stockholders’ equity of $1,185,000, total plant and equipment (net) of $960,000, total
assets of $1,577,000, and total liabilities of $392,000. The company’s working capital is:
A) $392,000
B) $343,000
C) $384,000
D) $458,000




Version 1 2

,Chapter 14


8) McRae Corporation's total current assets are $408,000, its noncurrent assets are $521,000, its
total current liabilities are $354,000, its long-term liabilities are $271,000, and its
shareholders' equity is $304,000. Working capital is:
A) $113,000
B) $54,000
C) $167,000
D) $104,000



9) Erastic Corporation has $19,000 in cash, $10,500 in temporary investments, $41,500 in
account receivable, $50,000 in inventories, and $47,000 in current liabilities. The
corporation’s current assets consist of cash, temporary investments, accounts receivable, and
inventory. The corporation’s acid-test ratio is closest to:
A) 1.51
B) 0.88
C) 2.57
D) 1.29



10) Windham Corporation has current assets of $660,000 and current liabilities of $825,000.
Windham Corporation's current ratio would be increased by:
A) the purchase of $360,000 of inventory on account.
B) the payment of $360,000 of accounts payable.
C) the collection of $360,000 of accounts receivable.
D) refinancing a $360,000 long-term loan with short-term debt.



11) Stimac Corporation has total cash of $295,000, no temporary investments, total current
receivables of $366,000, total inventory of $185,000, total prepaid expenses of $70,000, total
current assets of $916,000, total current liabilities of $312,000, total stockholders’ equity of
$2,714,000, total assets of $3,965,000, and total liabilities of $1,251,000. The company’s
acid-test (quick) ratio is closest to:
A) 2.34
B) 1.91
C) 2.94
D) 2.12




Version 1 3

, Chapter 14


12) Orem Corporation's current liabilities are $254,840, its long-term liabilities are $1,327,560,
and its working capital is $356,800. If the corporation's debt-to-equity ratio is 0.46, total
long-term assets must equal:
A) $3,440,000
B) $4,665,600
C) $4,410,760
D) $3,856,760



13) Irawaddy Company, a retailer, had cost of goods sold of $795,000 last year. The beginning
inventory balance was $52,000 and the ending inventory balance was $54,000. The
company's average sale period was closest to:
A) 24.33 days
B) 0.04 days
C) 15.00 days
D) 4.19 days



14) Natcher Corporation’s accounts receivable at the end of Year 2 was $146,000 and its
accounts receivable at the end of Year 1 was $155,000. The company’s inventory at the end
of Year 2 was $149,000 and its inventory at the end of Year 1 was $141,000. Sales, all on
account, amounted to $1,402,000 in Year 2. Cost of goods sold amounted to $821,000 in
Year 2. The company’s operating cycle for Year 2 is closest to:(Round your intermediate
calculations to 1 decimal place.)
A) 48.5 days
B) 73.3 days
C) 69.7 days
D) 103.2 days



15) Granger Corporation had $194,000 in sales on account last year. The beginning accounts
receivable balance was $10,000 and the ending accounts receivable balance was $18,000.
The corporation's average collection period was closest to:(Round your intermediate
calculations to 2 decimal places.)
A) 18.8 days
B) 26.3 days
C) 33.9 days
D) 13.9 days




Version 1 4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller tutorsection. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $28.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64302 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(1)

HESI PN PHARM EXAM / PN HESI PHARMACOLOGY EXAM 2024-2025 WITH ACTUAL EXAM QUESTIONS AND WELL ELABORATED ANSWERS (VERIFIED ANSWERS) |ASSURED A+ NEW!!

Exam (elaborations) ·

(0)

BIOS 252 Midterm Exam 2023 / BIOS252 Midterm Exam (Review and Essay Question Answer) Anatomy and Physiology II with Lab: Chamberlain College of Nursing

Exam (elaborations) ·

(0)

Test Bank for Success in Practical/Vocational Nursing 10th Edition, by Janyce L. Carroll, Lisa Collier, All Chapters 1-19 included Graded A +2025

Exam (elaborations) ·

(1)

NURS-FPX4060_BorovacSarah_Assessment2-1/Capella University NURS-FPX4060 Practicing in the Community to Improve Population Health Assessment #2

Exam (elaborations) ·

(0)

Test Bank For Psychiatric Mental Health Nursing, 9th Edition by Sheila L. Videbeck All Chapters 1-24 LATEST Psychiatric Mental Health Nursing

Exam (elaborations) ·

(1)

Exam 2: PRN1409/ PRN 1409 (Latest 2024/ 2025 Update) Client-Centered Care III Review| Questions and Verified Answers| 100% Correct| Grade A- Rasmussen

Exam (elaborations) ·

(0)

Exam 2: NURS 629/ NURS629 (New 2024/ 2025 Update) Pediatric/ Family Health Care Guide with Qs & As| 100% Correct| Grade A (Verified Answers) - Maryville

Exam (elaborations) ·

(0)

Solutions Manual For Project Management The Managerial Process 8th Edition By Erik Larson, Clifford Gray (All Chapters, 100% Original Verified, A+ Grade)

Exam (elaborations) ·

(1)

FISDAP AIRWAY EXAMS 2 DIFFERENT VERSIONS ACCURATE AND VERIFIED | GUARANTEED PASS GRADED A | VERIFIED FOR GUARANTEED PASS | LATEST EDITION| 2023/2024
$28.49  1x  sold
  • (0)
Add to cart
Added