DeVry University, New Jersey - BUSN 460 Week 4.
Excess inventory well beyond what is needed for the year may:
tie up cash and cause cash flow problems
reduce cash flow problems
allow the organization to
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DeVry University, New Jersey - BUSN 460 Week 4.
Excess inventory well beyond what is needed for the year may:
tie up cash and cause cash flow problems
reduce cash flow problems
allow the organization to be more responsive to future financial needs
enable the customer to have a better selection of product
allow a company to increase their cash reserves
_______________ helps managers plan, operate and control a company's activities.
Management accounting
Financial accounting
Business accounting
Customer surveys
The federal government
The contribution margin is calculated by this formula:
total revenue + variable costs
total revenue + fixed costs
total revenue - fixed costs
total revenue - variable costs
fixed cost + variable costs
The accounting system generates information about the:
awareness level
distribution system
level of accessibility
customer preferences
operations of a business.
Examples of period costs, also referred to as fixed costs, are:
depreciation expenses, SG&A and current liabilities
depreciation expenses, R & D expenses, and labor expenses
depreciation expenses, R&D expenses, and variable costs
depreciation expenses, R & D expenses, and administrative expenses
short term expenses, SG&A, and R&D expenses
The difference between contribution margin and gross margin is:
gross marketing excludes depreciation expenses
gross margin includes depreciation expenses
contribution includes depreciation expenses
contribution margin includes variable costs
contribution margin and gross margin are identical
Variable costs are the:
costs of making products the company produces
costs of making products the company sells
costs of making the product the company sells on account
revenues from making the product the company produces
revenue from the products a company sells
______________ is used by individuals external to the organization to understand its performance.
Management accounting
Financial accounting
Business accounting
Customer surveys
None of these answers
The financial document that shows revenues, expenses, and profits over a period of time is:
an income statement
a balance sheet
the cash flow statement
the financial statement
an EBIT statement
Who benefits from accounting information?
managers inside a business
employees
owners
stakeholders
all the above
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