Accounting

The field of accounting that focuses on providing information for internal decision makers is ...

The field of accounting that focuses on providing information for internal decision makers is ...

The field of accounting that focuses on providing information for internal decision makers is ________.
A) nonmonetary accounting
B) managerial accounting
C) financial accounting
D) governmental accounting

H3Ko   371   2 Replies

H3Ko

The field of accounting that focuses on providing information for external decision makers is ...

The field of accounting that focuses on providing information for external decision makers is ...

The field of accounting that focuses on providing information for external decision makers is ________.
A) managerial accounting
B) cost accounting
C) nonmonetary accounting
D) financial accounting

H3Ko   273   2 Replies

H3Ko

Managerial accounting provides information to ________.

Managerial accounting provides information to ________.

Managerial accounting provides information to ________.
A) creditors
B) taxing authorities
C) outside investors and lenders
D) internal decision makers

H3Ko   234   2 Replies

H3Ko

Any person or business to whom a business owes money is called the business's creditor.

Any person or business to whom a business owes money is called the business's creditor.

Any person or business to whom a business owes money is called the business's creditor.
A) True
B) False

H3Ko   197   2 Replies

H3Ko

Different users of accounting information focus on the information they need to make the best ...

Different users of accounting information focus on the information they need to make the best ...

Different users of accounting information focus on the information they need to make the best choices.
A) True
B) False

H3Ko   529   2 Replies

H3Ko

A creditor is any person who has an ownership interest in a business.

A creditor is any person who has an ownership interest in a business.

A creditor is any person who has an ownership interest in a business.
A) True
B) False

H3Ko   409   2 Replies

H3Ko

Outside investors would ordinarily use managerial accounting information to decide whether or not to ...

Outside investors would ordinarily use managerial accounting information to decide whether or not to ...

Outside investors would ordinarily use managerial accounting information to decide whether or not to invest in a business.
A) True
B) False

H3Ko   144   2 Replies

H3Ko

Financial accounting focuses on information for decision makers outside of the business, such as ...

Financial accounting focuses on information for decision makers outside of the business, such as ...

Financial accounting focuses on information for decision makers outside of the business, such as creditors and taxing authorities.
A) True
B) False

H3Ko   205   2 Replies

H3Ko

Local, state, and federal governments use accounting information to calculate income taxes.

Local, state, and federal governments use accounting information to calculate income taxes.

Local, state, and federal governments use accounting information to calculate income taxes.
A) True
B) False

H3Ko   568   2 Replies

H3Ko

A creditor is a person who owes money to the business.

A creditor is a person who owes money to the business.

A creditor is a person who owes money to the business.
A) True
B) False

H3Ko   151   2 Replies

H3Ko

Stockholders primarily use managerial accounting information for decision-making purposes.

Stockholders primarily use managerial accounting information for decision-making purposes.

Stockholders primarily use managerial accounting information for decision-making purposes.
A) True
B) False

H3Ko   139   2 Replies

H3Ko

Managerial accounting focuses on information for external decision makers.

Managerial accounting focuses on information for external decision makers.

Managerial accounting focuses on information for external decision makers.
A) True
B) False

H3Ko   304   2 Replies

H3Ko

Accounting is referred to as the language of business because it is the method of communicating ...

Accounting is referred to as the language of business because it is the method of communicating ...

Accounting is referred to as the language of business because it is the method of communicating business information to decision makers.
A) True
B) False

H3Ko   112   2 Replies

H3Ko

Accounting is the information system that measures business activities, processes the information ...

Accounting is the information system that measures business activities, processes the information ...

Accounting is the information system that measures business activities, processes the information into reports, and communicates the results to decision makers.
A) True
B) False

H3Ko   254   2 Replies

H3Ko

A company records the transfer of accounts receivable as a sale if

A company records the transfer of accounts receivable as a sale if

 A company records the transfer of accounts receivable as a sale if
   the transferred assets have been isolated from the transferor
   the transferee obtains the right to exchange
   all of the above conditions are met
   the transferor

thecarp22222   332   1 Reply

bio_man

What entry format is appropriate if sales returns and allowances occur on factored accounts?

What entry format is appropriate if sales returns and allowances occur on factored accounts?

What entry format is appropriate if sales returns and allowances occur on factored accounts?
   

Sales Returns and Allowances     XX

       Factoring Expense        &nb

thecarp22222   231   1 Reply

bio_man

A company received a bank statement with a balance of $6,000. Reconciling items included a ...

A company received a bank statement with a balance of $6,000. Reconciling items included a ...

A company received a bank statement with a balance of $6,000. Reconciling items included a bookkeeper error of $400long dash—a $400 check recorded as $500long dash—two outstanding checks totaling $800​, a service charge of $20​, a deposit in transit

bellezaenrosa   1086   N/A

bellezaenrosa

Which of the following is not true about interim financial statements?

Which of the following is not true about interim financial statements?

 Which of the following is not true about interim financial statements?
   A.  Interim financial statements are not issued by all publicly held companies.
   B.  Interim financial statements are issued by all publicly held companies.

thecarp22222   282   1 Reply

bio_man

5.The textbook discusses three levels of variances, Level 0, Level 1, Level 2, and Level 3. Briefly

5.The textbook discusses three levels of variances, Level 0, Level 1, Level 2, and Level 3. Briefly

What are each level of variances in cost accounting?

JAlexandre   441   N/A

JAlexandre

Santora Company manufactures two products - toaster ovens and bread machines. The following data are ...

Santora Company manufactures two products - toaster ovens and bread machines. The following data are ...

Santora Company manufactures two products - toaster ovens and bread machines. The following data are available:

   Toaster Ovens   Bread Machines
Sales price   $70   $170
Variable costs   $50   $70

Santora can manufacture six toas

Deprecated   759   N/A

Deprecated

The Elite Company received a 5% trade discount from a supplier for a purchase of inventory amounting ...

The Elite Company received a 5% trade discount from a supplier for a purchase of inventory amounting ...

The Elite Company received a 5% trade discount from a supplier for a purchase of inventory amounting to $10,000. Record the journal entry in the books of Elite Company.
   
1)    Dr Discount received $9,500; Cr Trade payable $9,500
   

wndud1216   188   1 Reply

bio_man

The costs that are transferred out from one process to another process become transferred in costs ...

The costs that are transferred out from one process to another process become transferred in costs ...

The costs that are transferred out from one process to another process become transferred in costs for the receiving process.
A) True
B) False

H3Ko   583   N/A

H3Ko

All About Animals has two product​ lines: Cat food and Dog food. Contribution margin income ...

All About Animals has two product​ lines: Cat food and Dog food. Contribution margin income ...

All About Animals has two product​ lines: Cat food and Dog food. Contribution margin income statement data for the most recent year​ follow:













       &nbs

vonschlichten   1165   1 Reply

ab122222

The balance sheet for Blineberry Corporation follows:Ending balanceBeginning balanceAssets:Current a

The balance sheet for Blineberry Corporation follows:Ending balanceBeginning balanceAssets:Current a

The balance sheet for Blineberry Corporation follows:

   Ending balance   Beginning balance
Assets:      
Current assets:      
Cash and cash equivalents   $20,400   $12,200
Accounts receivable   $10,100   $8,400
Inventory   $39,700   $38

bernie2981   757   2 Replies

jrukupal

Peddlin' Pete's Cycles sells its entry-level bicycles for $400 each. Its variable cost is $250 per b

Peddlin' Pete's Cycles sells its entry-level bicycles for $400 each. Its variable cost is $250 per b

Peddlin' Pete's Cycles sells its entry-level bicycles for $400 each. Its variable cost is $250 per bicycle. Fixed costs are $35,000 per month for volumes up to 1,200 bicycles. Above 1,200 bicycles, monthly fixed costs are $55,000. What is t

bernie2981   1593   3 Replies

joeackert1

Which of the following is an example of direct​ labor?

Which of the following is an example of direct​ labor?

Which of the following is an example of direct​ labor?
A.
Wages of the CFO
B.
Wages of a managerial accountant
C.
Salary of the viceminus−president of operations
D.
Wages of a machine operator

natmestre   430   1 Reply

bio_man

Complete a performance report through the segment margin line?

Complete a performance report through the segment margin line?

Carvell Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year.
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . .$1,106,640
Variable

nharoun   490   N/A

nharoun

Preparing a performance report through the contribution margin line?

Preparing a performance report through the contribution margin line?

Carvell Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year.
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . .$1,106,640
Var

nharoun   249   N/A

nharoun

What is the finished goods ending​ inventory?

What is the finished goods ending​ inventory?

Here are selected data for Sally Day​ Corporation:
Beginning raw materials inventory
​$37,000
 Beginning work in process inventory
​ 61,500
Beginning finished goods inventory
 57,300
 Cost of materials purchased

danrin   319   1 Reply

doubleu

Brandi and her husband are planning for retirement. They feel they will need to

Brandi and her husband are planning for retirement. They feel they will need to

Brandi and her husband are planning for retirement.  They feel they will need to receive a payment of $50,000 each year for 20 years.  If their investments earn a 9% annual return over the course of their retirement, what amount must they h

alibrunner   309   N/A

alibrunner

If Sandy is offered $5000 today in exchange for $1000 each year for the next fiv

If Sandy is offered $5000 today in exchange for $1000 each year for the next fiv

If Sandy is offered $5000 today in exchange for $1000 each year for the next five years at 7% interest compounding

alibrunner   245   N/A

alibrunner

Tropic Beach Balls, Inc. is considering several short-term investment options. W

Tropic Beach Balls, Inc. is considering several short-term investment options. W

Tropic Beach Balls, Inc. is considering several short-term investment options. Which type of investment would be best?

A  :
 high-risk, highly liquid

B  :
 low-risk, low liquidity

C  :

prentice.victor   2551   1 Reply

jagand

Frame Industries purchases 50 Table Corporation 7.5%, 6-year, $1,000 bonds on No

Frame Industries purchases 50 Table Corporation 7.5%, 6-year, $1,000 bonds on No

Frame Industries purchases 50 Table Corporation 7.5%, 6-year, $1,000 bonds on November 1st, 2014. If the company pays interest semiannually, how much interest receivable will it show on the December 31st, 2014, Balance Sheet?

prentice.victor   625   1 Reply

jagand

Which of the following is not a way in which management can use job cost informa

Which of the following is not a way in which management can use job cost informa

Which of the following is not a way in which management can use job cost information?
A) Assessing and comparing the profitability of each product type
B) Using the cost information in determining the bid price for custom orders
C) Pr

knightrider274   571   1 Reply

jagand

Which of the following statments is true?

Which of the following statments is true?

With respect to variable costs per​ unit, which of the following statements is true​?
A.They will decrease as production increases within the relevant range.
B.They will increase as production decreases within the relevant range.
C.The

alec10152   292   3 Replies

bio_man

On January 1st of the current year, Jackson Company purchased as a short-term in

On January 1st of the current year, Jackson Company purchased as a short-term in

On January 1st of the current year, Jackson Company purchased as a short-term investment, a $1,000, 8% bond, for $1,000. The bond pays interest semiannually on January 1st and July 1st. Jackson Company has a December 31st fiscal year end. The bond is

prentice.victor   333   1 Reply

duddy

A statement of cash flows is generated to show

A statement of cash flows is generated to show

A. how profits were generated during the period
B. the revenues the company has earned during the period
C. the inflow and outflow of cash during the time period
D. the expenses the company incurred during the period

zjjpkjo222   191   2 Replies

zjjpkjo222

Accounting question which option is the best

Accounting question which option is the best

When you graduate from college, your mother plans to give you a gift of $50,000 to start you on your way. However, to determine what you learned in business school, your mother presents you with four options on how to receive the gift. which of optio

Timmy22   825   1 Reply

bio_man

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product. The company actually used 630 pounds of direct materials costing $30.00 per pound to make the 7,000 units. What is the direct

bernie2981   675   3 Replies

guanyuzhou

Boots Plus has two product lines...

Boots Plus has two product lines...

Boots plus has two product lines: Hiking boots and Fashion boots.Income statement data for the most recent year :
               total         hiking      fashion
Sales revenue         480,000      340,000      140,000
variable expenses      355,000      235,000      120,000

stasp1201   1676   1 Reply

bio_man