ACCT300 week 7 quiz Final

Jul 25th, 2016
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Question 1 of 40 2.5 Points Book value is computed as: A.current market value less residual value. B.cost less residual value. C.current market value less accumulated depreciation. D.cost less accumulated depreciation. Question 2 of 40 2.5 Points The first month of operation showed the net cash from operating activities to be $3,760, the net cash from investing activities to be ($5,415), and the ending cash balance to be $3,425. The net cash from financing activities must be: A.$1,770. B.$5,080. C.$5,750. D.$12,600. Question 3 of 40 2.5 Points The percentage analysis of increases and decreases in corresponding items in comparative financial statements is referred as vertical analysis. A. True B. False Question 4 of 40 2.5 Points Merchandise inventory shrinkage will increase Merchandise Inventory. A. True B. False Question 5 of 40 2.5 Points If employees accept a wage contract that decreases the unit contribution margin, the break-even point will decrease. A.

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ACCT300 week 7 quiz FinalQuestion 1 of 402.5 PointsBook value is computed as:A.current market value less residual value.B.cost less residual value.C.current market value less accumulated depreciation.D.cost less accumulated depreciation.Question 2 of 402.5 PointsThe first month of operation showed the net cash from operating activities to be $3,760, thenet cash from investing activities to be ($5,415), and the ending cash balance to be $3,425.The net cash from financing activities must be:A.$1,770.B.$5,080.C.$5,750.D.$12,600.Question 3 of 402.5 PointsThe percentage analysis of increases and decreases in corresponding items in comparativefinancial statements is referred as vertical analysis.A. TrueB. FalseQuestion 4 of 402.5 PointsMerchandise inventory shrinkage will increase Merchandise Inventory.A. TrueB. FalseQuestion 5 of 402.5 PointsIf employees accept a wage contract that decreases the unit contribution margin, the breakeven point will decrease.A. TrueB. FalseQuestion 6 of 402.5 PointsIf the total unit cost of manufacturing Product Y is currently $40 and the total unit cost aftermodifying the style is estimated to be $48, the differential cost for this situation is $48.A. TrueB. FalseQuestion 7 of 402.5 PointsEast, Inc. had beginning inventory of $10,000, purchases of $25,000, and ending inventory of$5,000. What is Easts cost of merchandise sold?A.$10,000B.$25,000C.$5,000D.$30,000Question 8 of 402.5 PointsThe relation

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