Accounting 2101 final

Accounting 2101 final exam

An unfavorable sale price variance reflects A Fewer units sold than budgeted. The most likely explanation for the following journal entry would be: B Accounting 2101 final lower actual selling price than budgeted.

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A 64, CD C Creditors of a company can only claim the assets of the firm and not the assets of the owners of the firm. B Creditors are limited to just the cash available in the company at the time of the loss. The total unit sales needed to achieve the desired before-tax profit is: The ending inventory on March 31st is: There are three days between the time an order is placed and the day it is received.

The costs incurred to develop this ad would be considered: D A decrease in the amount of cash received from customers. Palisades Corporation purchased equipment by signing a long-term note payable.

Down-State shipped the materials by rail on October 5 and the railroad notified Up-State on October 12 that the goods had arrived. C An increase in the cost of products causing a decrease in income for the period.

You are NOT permitted to have scratch paper. A 64, CD In the following journal entry, revenue is being recognized: A facility-sustaining costs B product-sustaining costs C batch-related costs D unit-related costs 4.

Pratt Company currently has the capacity to produce 15, units per month. He obviously has not taken acct !

Turn in the exam and scantron with your name, instructor name, and exam version letter noted on both. The profit report for these speaker systems for the most recent period is shown below by product line. Fixed costs per unit are based on production of 12, units per month.

You are permitted to use a simple four-function calculator. The terms of the sale are FOB shipping point. All adverse consequences of erasures and mismarks are your responsibility.

Sales Revenue Cash Receipts. He obviously has not taken acct ! Fixed costs per unit are based on production of 12, units per month.

A increased assets and increased liabilities B increased assets and increased owners equity C increased assets and decreased owners equity D increased owners equity and decreased liabilities On what date should Up-State consider this a purchase?

Grover operates days per year. A performed a service and immediately received the cash B performed a service and billed the customer C performed a service for a customer who had paid for the service ahead of time D recorded the receipt of cash from a customer for services previously performed Use the following information for questions 42 and Unformatted text preview: Accounts Receivable XXX Sales Revenue XXX Principles of Accounting 1 Fall Final Exam ( minutes) Version D Name: (please print)_____ Instructor’s Name:_____ 50 Multiple choice questions at points each for total points available of Start studying ACCT Final.

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Learn accounting with free interactive flashcards. Choose from different sets of accounting flashcards on Quizlet. Miglino (ACCT ) Top Homework Help Questions from Accounting A corporation has limited liability and attracting outside investment is easier relative to sole-proprietorships and partnerships.

accounting final review 1. A company is considering the following alternatives: Alternative 1 Alternative 2 Revenues $, $, Variable Costs 60, 70, Fixed Costs 35, 35, Which of the following are relevant in choosing between the alternatives?

Principles of Accounting 1 Final Exam ( minutes) Version D Name: (please print)_____ Instructor’s Name:_____ 50 Multiple choice questions at points each for total points available of However, the maximum grade is Select the BEST answer.

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Accounting 2101 final
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