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ACCT434 Week 1 Quiz - DeVry

ACCT 434 WEEK 1 QUIZ – DEVRY

ACCT 434 WEEK 1 QUIZ – DEVRY

1. (TCO 1) In refining a cost system, (Points : 5)

2. (TCO 1) Which of the following statements is more representative of activity-based costing in comparison to a department-costing system? (Points : 5)

3. (TCO 1) A significant limitation of activity-based costing is the (Points : 5)

4. (TCO 1) Overcosting of a product is most likely to result from (Points : 5)

5. (TCO 1) To set realistic selling prices, (Points : 5)

6. (TCO 1) Unit-level cost drivers are most appropriate as an overhead assignment base

7. (TCO 1) A well-designed, activity-based cost system helps managers make better decisions because information derived from an ABC analysis (Points : 5)

8. (TCO 1) Companies use ABC system information to (Points : 5)

9. (TCO 1) One department indirect-cost rate is sufficient when (Points : 5)

10. (TCO 1) Rumpole Company produces a special spray nozzle. The more info budgeted indirect total cost of inserting the spray nozzle is $100,000. The budgeted number of nozzles here to be inserted is ACCT434 Week 1 Quiz - DeVry 25,000. What is the budgeted indirect cost allocation rate for this activity? (Points : 5)

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FIN 350 Week 7 Module 7

FIN 350 Week 7 Module 7 Practice Problems



FIN350



Follow these instructions for completing and submitting your assignment:

1. Do all work in Excel. Do not submit Word files or *.pdf files.

2. Submit a single spreadsheet file for this assignment. Do not submit multiple files.

3. Place each problem on a separate spreadsheet tab.

4. Label all inputs and outputs and highlight your final answer.

5. Follow the directions in the “Guidelines for Developing Spreadsheets.”

P8–9 Rate of return, standard deviation, and coefficient of variation Mike is searching



for a stock to include in his current stock portfolio. He is interested in Hi-Tech,

Inc.; he has been impressed with the company’s computer products and believes

that Hi-Tech is an innovative market player. However, Mike realizes that any

time get more info you consider a technology stock, risk is a major concern. The rule he follows

is to website include only securities with a coefficient of FIN350 variation of returns below 0.90.

Mike has obtained the following price information for the period 2012 through

2015. Hi-Tech stock, being growth-oriented, did not pay any dividends during these



FIN 350 Grand Canyon Week 7 Module 7 Practice Problems

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ACCT 301 Week 4 Midterm Exam - DeVry

ACCT 301 WEEK 4 MIDTERM EXAM – 3 DIFFERENT SET – DEVRY

ACCT 301 WEEK 4 MIDTERM EXAM – 3 DIFFERENT SET – DEVRY

ACCT 301 Week 4 Midterm Exam Versions 1

Page 1
1. (TCO 1) Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)
2. (TCO 2) Suppose your company sold $50,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)
3. (TCO 3) Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud? (Points : 12)
4. (TCO 4) What is horizontal analysis of financial statements? How does horizontal analysis differ from vertical analysis? (Points : 12)

Page 2
1. (TCO 3) Separation of duties is a key feature in an internal control system. Why is separation of duties such an important internal control? Give an example of separation of duties as an internal control. (Points : 24)
2. . (TCO 1) Describe the balance sheet. Why is this statement important to the company, creditors, and investors? (Points : 24)
3. (TCO 4) Name and describe one liquidity ratio. What does this ratio measure? What is the formula for this ratio? (Points : 24)

ACCT 301 Week 4 Midterm Exam Versions 2
1. Question (TCO 1) The retained earnings statement shows all of the following except which one?
2. Question (TCO 1) Management’s views on the company’s short-term debt paying ability, expansion financing, and results of operations are found in which of the following?
3. Question (TCO 4) For 2010, Fielder Corporation reported net income of $30,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?
4. Question (TCO 4) A useful measure of solvency is which of the following?
5. Question (TCO 2) Which pair of accounts follows the rules of debit and credit, in relation to increases and decreases, in the same manner?
6. Question (TCO 2) The principle purpose of posting is which of the following?
7. Question (TCO 3) Joe is a warehouse custodian, and also maintains the accounting record of the inventory held at the warehouse. An assessment of this situation indicates
8. Question (TCO 3) The following information was taken from Hurlbert Company cash budget for the month of June:
9. Question (TCO 11) Managerial accounting information does which of the following?
10. Question (TCO 11) Which one of the following is not a direct material?
11. Question (TCO 11) Sales commissions are classified as which of the following?
12. Question (TCO 11) Manufacturing costs include which of the following?
13. ACCT301 Week 4 Midterm Exam - DeVry Question (TCO 11) Neeley Manufacturing Company reported the following year-end information:
14. Question (TCO 5) What effect do changes in activity have on fixed costs per unit?
15. Question (TCO 5) Which one of the following is not an assumption of ACCT 301 Week 4 Midterm Exam CVP analysis?

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