ACC 561 Final Exam Latest UOP Course Assignments - PowerPoint PPT Presentation

About This Presentation

Title:

ACC 561 Final Exam Latest UOP Course Assignments

Description:

Confused and depressed about which tutorials to choose? Here is the tip. Try us and we guarantee that you will not have to look any further. We provide various homework help that you will find easy to understand. also provide ACC 561 Final Exam Latest UOP Course Assignments, Entire course questions with answers and law, finance, economics and accounting homework help, discussion questions, Homework Assignment etc. Join us to be straight ‘A’ student. – PowerPoint PPT presentation

Number of Views:61

Slides: 18

Provided by: UOPeHelp

Category:

more less

Transcript and Presenter's Notes

Title: ACC 561 Final Exam Latest UOP Course Assignments

1
ACC 561 Final Exam Latest

By www.uopehelp.com

49. Which of the following is an advantage of
corporations relative to partnerships and sole
proprietorships?
Lower taxes.
Harder to transfer ownership.
Most common form of organization.
Reduced legal liability for investors.
64. The group of users of accounting information
charged with achieving the goals of the business
is its
Auditors.
Creditors.
Managers.
Investors.
Find the final exam answers here ACC 561 Final
Exam Answers

110. Which of the following financial statements
is concerned with the company at a point in time?
Income statement.
Balance sheet.
Retained Earnings statement.
Statement of cash flows.
112. An income statement
Presents the revenues and expenses for a specific
period of time.
Summarizes the changes in retained earnings for a
specific period of time.
Reports the assets, liabilities, and
stockholders equity at a specific date.
Reports the changes in assets, liabilities, and
stockholders equity over a period of time.
Final Exam Answers just a click away ACC 561
Final Exam Latest

118. The most important information needed to
determine if companies can pay their current
obligations is the
Net income for this year.
Relationship between current assets and current
liabilities.
Projected net income for next year.
Relationship between short-term and long-term
liabilities.
124. A liquidity ratio measures the
Short-term ability of a company to pay its
maturing obligations and to meet unexpected needs
for cash.
Percentage of total financing provided by
creditors.
Income or operating success of a company over a
period of time.
Ability of a company to survive over a long
period of time.
To download the complete answer check ACC 561
Entire Course

165. The convention of consistency refers to
consistent use of accounting principles
Throughout the accounting periods.
Among firms.
Within industries.
Among accounting periods.
90. Horizontal analysis is also known as
Common size analysis.
Linear analysis.
Vertical analysis.
Trend analysis.
Click here to download Complete Answers of ACC
561 Complete Assignments
92. Horizontal analysis is a technique for
evaluating a series of financial statement data
over a period of time
To determine which items are in error.
That has been arranged from the highest number to
the lowest number.
To determine the amount and/or percentage
increase or decrease that has taken place.

111. Vertical analysis is a technique that
expresses each item in a financial statement
As a percent of a base amount.
In dollars and cents.
Starting with the highest value down to the
lowest value.
As a percent of the item in the previous year.
Click here and download ACC 561 Final Exam
Question Answers
41. Process costing is used when
The production process is continuous.
Costs are to be assigned to specific jobs.
Production is aimed at filling a specific
customer order.
Dissimilar products are involved.

43. An important feature of a job order cost
system is that each job
Must be similar to previous jobs completed.
has its own distinguishing characteristics.
Must be completed before a new job is accepted.
Consists of one unit of output.
Complete paper here ACC 561 Week 1 Complete
49. in a process cost system, product costs are
summarized
On job cost sheets.
On production cost reports.
When the products are sold.
After each unit is produced.
33. An activity that has a direct cause-effect
relationship with the resources consumed is a(n)
Overhead rate.
Product activity.
Cost driver.

Want more details? Download now ACC 561 Week 1
Quiz
40. Activity-based costing
allocates overhead to multiple activity cost
pools, and it then assigns the activity cost
pools to products and services by means of cost
drivers.
Assigns activity cost pools to products and
services, then allocates overhead back to the
activity cost pools.
Accumulates overhead in one cost pool, then
assigns the overhead to products and services by
means of a cost driver.
Allocates overhead directly to products and
services based on activity levels.
40. A cost which remains constant per unit at
various levels of activity is a
Mixed cost.
Fixed cost.
Manufacturing cost.
Variable cost.
Want help? Click to download ACC 561 Final Exam
Study Materials

105. The break-even point is where
Total sales equal total variable costs.
Total variable costs equal total fixed costs.
Total sales equal total fixed costs.
Contribution margin equals total fixed costs.
109. Fixed costs are 600,000 and the
contribution margin per unit is 150. What is the
break-even point?
1,500,000
4,000,000
1,500 units
4,000 units
Complete Answers here ACC 561 Week 2 Complete

94. When a company assigns the costs of direct
materials, direct labor, and both variable and
fixed manufacturing overhead to products, that
company is using
Product costing.
Operations costing.
Absorption costing.
Variable costing.
122. If a division manager's compensation is
based upon the division's net income, the manager
may decide to meet the net income targets by
increasing production when using
Variable costing, in order to increase net
income.
Variable costing, in order to decrease net
income.
Absorption costing, in order to increase net
income.
Absorption costing, in order to decrease net
income.
Quiz Answers just a click away ACC 561 Week 2 Quiz

50. An unrealistic budget is more likely to
result when it
has been developed by all levels of management.
has been developed in a bottom up fashion.
has been developed in a top down fashion.
is developed with performance appraisal usages in
mind.
39. A major element in budgetary control is
the valuation of inventories.
the preparation of long-term plans.
approval of the budget by the stockholders.
the comparison of actual results with planned
objectives.
Click here ACC 561 Week 2 Ratio Analysis
Assignment
43. The purpose of the sales budget report is to
control sales commissions.
control selling expenses.

89. The accumulation of accounting data on the
basis of the individual manager who has the
authority to make day-to-day decisions about
activities in an area is called
flexible accounting.
static reporting.
responsibility accounting.
master budgeting.
Click here to download Complete Answers of ACC
561
142. Variance reports are
external financial reports.
SEC financial reports.
internal reports for management.
all of these.
40. Internal reports that review the actual
impact of decisions are prepared by
the controller.
management accountants.
factory workers.

Want help? Click to download ACC 561 Week 6
Complete
42. The process of evaluating financial data that
change under alternative courses of action is
called
cost-benefit analysis.
contribution margin analysis.
incremental analysis.
double entry analysis.
54.Seasons Manufacturing manufactures a product
with a unit variable cost of 100 and a unit
sales price of 176. Fixed manufacturing costs
were 480,000 when 10,000 units were produced and
sold. The company has a one-time opportunity to
sell an additional 1,000 units at 140 each in a
foreign market which would not affect its present
sales. If the company has sufficient capacity to
produce the additional units, acceptance of the
special order would affect net income as follows
Income would increase by 40,000.
Income would decrease by 8,000.
Income would increase by 140,000.
Income would increase by 8,000.

Download Complete Answers ACC 561 Final Exam
70. Carter, Inc. can make 100 units of a
necessary component part with the following
costs
Direct Materials 120,000
Direct Labor 20,000
Variable Overhead 60,000
Fixed Overhead 40,000
If Carter can purchase the component externally
for 220,000 and only 10,000 of the fixed costs
can be avoided, what is the correct make-or-buy
decision?
Buy and save 30,000
Make and save 10,000
Buy and save 10,000
Make and save 30,000
Want to download the Complete Assignment..??
Click ACC 561 Final Exam Questions with Answers

84. A company has a process that results in
15,000 pounds of Product A that can be sold for
16 per pound. An alternative would be to process
Product A further at a cost of 200,000 and then
sell it for 28 per pound. Should management sell
Product A now or should Product A be processed
further and then sold? What is the effect of the
action?
Sell now, the company will be better off by
20,000.
Sell now, the company will be better off by
200,000.
Process further, the company will be better off
by 180,000.
Process further, the company will be better off
by 20,000.
About Author
This article covers the topic for the University
Of Phoenix ACC 561 Final Exam. The author is
working in the field of education from last 5
years. This article covers the basic of ACC 561
Final Exam Assignment from UOP. Other topics in
the class are as follows
ACC 561 Week 1 DQ 1
ACC 561 Week 1 DQ 2
ACC 561 Week 1 Quiz (Latest)

Copyright. All Rights Reserved by
www.uopehelp.com
16
ACC 561 Week 1 WileyPLUS Assignment ACC 561 Week
1 Financial Statement Review ACC 561 Week 1
Complete ACC 561 Week 2 DQ 1 ACC 561 Week 2 DQ
2 ACC 561 Week 2 Quiz (Latest) ACC 561 Week 2
Ratio Analysis Assignment ACC 561 Week 2
Financial Statement Analysis ACC 561 Week 2
Complete ACC 561 Week 3 DQ 1 ACC 561 Week 3 DQ
2 ACC 561 Week 3 Quiz (Latest) ACC 561 Week 3
Costing Systems Assessment ACC 561 Week 3
Learning Team Assignment ACC 561 Week 3
Complete ACC 561 Week 4 DQ 1 ACC 561 Week 4 DQ
2 ACC 561 Week 4 Quiz (Latest) ACC 561 Week 4
WileyPLUS Assignment ACC 561 Week 4 Learning Team
Reflection
Copyright. All Rights Reserved by
www.uopehelp.com
17
ACC 561 Week 4 Complete ACC 561 Week 5 DQ 1 ACC
561 Week 5 DQ 2 ACC 561 Week 5 Quiz (Latest) ACC
561 Week 5 WileyPLUS Assignment ACC 561 Week 5
Budgeting Assignment ACC 561 Week 5 Learning Team
Assignment ACC 561 Week 5 Complete ACC 561 Week 6
DQ 1 ACC 561 Week 6 DQ 2 ACC 561 Week 6 Quiz
(Latest) ACC 561 Week 6 WileyPLUS Assignment ACC
561 Week 6 Complete ACC 561 Week 6 Final
Exam Want to check other classes..?? Visit
www.uopehelp.com
Copyright. All Rights Reserved by
www.uopehelp.com

Write a Comment

User Comments (0)