Cost accounting quiz Study guides, Class notes & Summaries
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FAC1601 Assignment 3 (QUALITY ANSWERS) Semester 1 2024
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This document contains workings, explanations and solutions to the FAC1601 Assignment 3 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4...... Question 1 
Not yet answered 
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QUIZ 
This information relates to questions 1 - 5 below: 
A profi table cattle feed production company, Tswelelopele Ltd, was incorporated with an authorised share capital of 900,000 
NPV ordinary shares and 600,000 6.5% preference shares. 
The company's fi nancial yea...
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Acct 211 Quiz #1 well answered to pass
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Acct 211 Quiz #1Measurement Principle - correct answer (also called the cost principle) means that accounting information is based on actual cost 
 
Revenue Recognition Principle - correct answer Provides guidance on when a company must recognize revenue 
 
Matching Principle (expense recognition) - correct answer Prescribes that a company must record its expenses incurred to generate the revenue 
 
Full disclosure principle - correct answer Requires a company to report the details behind financ...
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Acct 211 Quiz #1 questions with correct answers graded A+
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Acct 211 Quiz #1 questions with correct answers graded A+Measurement Principle - correct answer (also called the cost principle) means that accounting information is based on actual cost 
 
Revenue Recognition Principle - correct answer Provides guidance on when a company must recognize revenue 
 
Matching Principle (expense recognition) - correct answer Prescribes that a company must record its expenses incurred to generate the revenue 
 
Full disclosure principle - correct answer Requires a co...
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BA109 Quiz 11 Questions With Correct Answers. (rated A)
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BA109 Quiz 11 Questions With Correct AnswA business should provide the owner with a reasonable rate of return based upon: - ANSWER-the time and money invested in the business. 
 
An excessively high average payable period ratio indicates the possibility of the presence of a significant amount of past-due accounts payable. - ANSWER-True 
 
Cash requirements can be determined by dividing cash expenses by: - ANSWER-the average inventory turnover. 
 
Small businesses with high leverage ratios are mo...
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tax accounting quiz 10. Questions With Answers 100% Pass
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The election to itemize is appropriate when total itemized deductions are less than the 
standard deduction based on the taxpayer’s filing status. 
True 
False 
Rationale: 
The election to itemize is appropriate when total itemized deductions exceed the 
standard deduction based on the taxpayer’s filing status. 
Bill paid $2,500 of medical expenses for his daughter, Marie. Marie is married to John 
and they file a joint return. Bill can include the $2,500 of expenses when calculating his...
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Principles of Cost Accounting 17th Edition by Vanderbeck - Test Bank
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1. At a plant where car doors are manufactured, all of the following would be classified as direct labor except: 
 	a. 	Machinists. 
 	b. 	Assembly workers. 
 	c. 	Supervisor. 
 	d. 	Painters. 
ANSWER: 	c 
RATIONALE: 	Maintenance workers, while integral to the manufacturing process as they keep the machinery maintained, are not direct laborers because they do not actually add value to the product. Machinists, assembly workers and painters would all add value to the manufacture of a car door. 
...
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BPI Quiz 1 Questions with All Correct Answers
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BPI Quiz 1 Questions with All Correct Answers 
 
Define Field Status Variants - Answer You will copy and rename a Field Status Variant and its related Field Status Groups from Company Code US00. In a later step, you will associate this Field Status Variant (GL##) with your Company Code. 
 
Your Field Status Groups (Expense Account, Balance Sheet Account, etc.) guide the user experience during General Ledger document entry. (ex) the Field Status Group determines which fields are required, whic...
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OMIS 351 Quiz 3 Latest Update with Certified Answers
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OMIS 351 Quiz 3 Latest Update with 
 
Certified Answers 
 
What does a fourth generation (4GL... highest level) software language do? Allows the user 
to specify the desired outcome, and the computer handles the rest (writes/produces the program). 
 
_____ refers to a precise set of instructions that tell the computer hardware what to do. 
Software 
 
The cost of producing an additional unit of a product is known as its: marginal cost. 
 
How many BYTES can a 1 GHz 32 bit chip process per second...
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FINC Ch4 Smart Book Study Guide Quiz.
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FINC Ch4 Smart Book Study Guide Quiz. 
 
 
Which of the following represent questions the financial manger would ask to evaluate investment decisions? (Do not confuse the investment decision with the financing decision) - CORRECT ANSWER How should profitability be measured? 
How profitable are investments relative to the cost of capital? 
 
XYZ Corporation's shares are selling for $50 a share and the number of shares currently outstanding is 1,000. XYZ's market capitalization is: - CORRECT AN...
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Test Bank for Horngren's Cost Accounting: A Managerial Emphasis, 10th Canadian Edition by Srikant M. Datar
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Test Bank for Horngren's Cost Accounting: A Managerial Emphasis, 10ce 10th Canadian Edition by Srikant M. Datar, Madhav V. Rajan, Louis Beaubien. Full Chapters (Chapter 1 to 23)test bank are included with answers. 
 
The Accountant's Vital Role in Decision Making 
An Introduction to Cost Terms and Purposes 
Cost–Volume–Profit Analysis 
Job Costing 
Activity-Based Costing and Management 
Master Budget and Responsibility Accounting 
Flexible Budgets, Variances, and Management Control: I 
Flexi...
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