ACCT 212 FINAL MC - PROF KOSS (Liberty University) Exam Questions and Answers | 100% Pass
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Course
ACCT 212
Institution
ACCT 212
ACCT 212 FINAL MC - PROF KOSS
(Liberty University) Exam Questions and
Answers | 100% Pass
what is not needed for a DL budget - Answer-Material pricer per pound of material
three most common tools of financial analysis - Answer-horizontal analysis, vertical analysis, ration
analysis
what is a ...
what are methods to analyze past cost behavior - Answer✔✔-high low, scatter diagram, regression
balanced scorecard requires managers to think of the company from how many perspectives? -
Answer✔✔-four
which of the following would be an investing activity on cash flow - Answer✔✔-purchase of equipment
department that generates cost without directly generating revenue - Answer✔✔-cost center
investment center ROI formula - Answer✔✔-income/avg invested assets
expenses not easily associated with a specific department are - Answer✔✔-indirect expense
time value of money concept - Answer✔✔-a dollar today is worth more than a dollar tomorrow
sales level at which company neither earns a profit nor incurs a loss is - Answer✔✔-break even point
beginning inventory plus purchases for a merchandiser equals - Answer✔✔-cost of goods available for
sale
when companies sell more that 1 product, we estimate break even point by using - Answer✔✔-
composite units
analytical tech used to focus on most significant variances - Answer✔✔-management by exception
which department is responsible for DM price variance - Answer✔✔-purchasing
which of the following is most likely to be produced in process operations system - Answer✔✔-cereal
type of budget based on single prediction sales volume - Answer✔✔-fixed budget
example of DL cost is - Answer✔✔-product assembly wages
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