ACC 561 Week 6 WileyPlus Questions 1-5 Study Guide – • Exercises: 20-3 • Exercises: 22-1 • Brief Exercise 23-3 • Brief Exercise 23-4 • Brief Exercise 23-6

ACC 561 Week 6 WileyPlus Questions 1-5 Study Guide Exercises: 20-3 Exercises: 22-1 Brief Exercise 23-3 Brief Exercise 23-4 Brief Exercise 23-6 Question 1 Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2012). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each…

ACC 561 WEEK 4 ASSIGNMENT STUDY GUIDE AND PRACTICE QUIZ

ACC 561 WEEK 4 ASSIGNMENT STUDY GUIDE AND PRACTICE QUIZ STUDY GUIDE QUESTIONS 1-3     Question 1 Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $327,340 for the year, and machine usage is estimated at 125,900 hours. For the year, $342,657 of…

ACC 561 Week 3 Discussion Questions Study Guide

ACC 561 Week 3 Discussion Questions Study Guide DQ 1 What are the differences between a traditional cost accounting system and an ABC cost accounting system?  ABC systems are always more accurate than traditional accounting systems.  Do you agree with this statement or not.  Explain. DQ 2 What is a cost accounting system?  Why is…

ACC 561 Week 3 Assignment Study Guide and Practice Quiz

ACC 561 WEEK 3 ASSIGNMENT STUDY GUIDE AND PRACTICE QUIZ   STUDY GUIDE QUESTIONS 1-7 Question 1 Using these data from the comparative balance sheet of Rosalez Company, perform horizontal analysis. Increase or (Decrease) Dec. 31, 2012 Dec. 31, 2011 Amount Percentage Accounts receivable $ 564,600 $ 397,700 $ % Inventory $ 790,300 $ 586,000…

ACC 561 Week 6 Practice Quiz Study Guide

ACC 561 Week 6 Practice Quiz Study Guide   Question 1 A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to provide relevant revenue and cost data about each course of action. decide which actions that management should consider. assign responsibility for the decision. determine the amount of…

ACC 561 Week 2 Study Guide and Practice Quiz

ACC 561 Week 2 Study Guide and Practice Quiz Question 1 The relationship between current assets and current liabilities is important in evaluating a company’s market value. solvency. profitability. liquidity. Question 2 Which of the following is a measure of liquidity? Debt to equity ratio Earnings per share Working capital Profit margin Question 3 Current…

ACC 561 Week 5 Discussion Questions

ACC 561 Week 5 Discussion Questions DQ1 Explain the cycle of bias by lower-level managers and bias adjustment by upper-level managers that can spiral out of control resulting in meaningless budgets. What features should a budgetary system have to encourage managers to engage in goal-congruent behavior (managers select actions that maximize overall company profits)? Give examples of…

ACC 561 Week 1 WileyPlus Exercise 1-7, 1-8, and Quiz Study Guide

ACC 561 Week 1 WileyPlus Exercise 1-7, 1-8, and Quiz Study Guide ACC 561 Week 1 WileyPlus Exercise 1-7, 1-8, and Quiz Study Guide This study guide includes solutions to Wiley plus exercises 1-7, 1-8, and week one practice quiz exercise 1-7 & 1-8: 1. Indicate which statement you would examine the fine each of…

ACC 561 Week 1 Discussion Questions Study Guide

ACC 561 Week 1 Discussion Questions Study Guide   DQ 1 Chapter 1 discusses financial statements.  In presenting financial statements, what do you feel is the most important statement and why?  Give an example of a decision you have made or observed being made involving financial statement analysis. DQ 2 Chapter 1 discusses ethics in business…

ACC 561 Final Exam Study Guide Managerial Accounting 80 Question Database

ACC 561 Final Exam Study Guide Managerial Accounting 80 Question Database 1. A major element in budgetary control is a. the preparation of long-term plans. b. the comparison of actual results with planned objectives. c. the valuation of inventories. d. approval of the budget by the stockholders. 2. Budget reports should be prepared a. daily. b. monthly.…