Salem State University ACC202 – Managerial Accounting – Practice Test Chapters 14‚ 1‚ 2 Professor Paul F McGee‚ CPA Name___________________________________________ Please indicate the best/correct answer by circling the appropriate letter. 1. Managerial accounting helps managers perform three vital activities. These activities include all of the following except: a. Planning b. Controlling c. Decision making d. Hiring Controllers 2. The act that was intended to protect the interests
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Question Bank MODULE - 1 1. Explain the following terms: (DEC‚ 2010) 1. Direct Cost 2. Indirect Cost 3. Cost Object 4. Cost Driver 5. Cost Allocation 6. Cost Sheet 7. Semi variable cost 2. Write a detailed note on Target Costing. (DEC‚ 2010) 3. Write a note on methods of absorption of overheads. (DEC‚ 2010) 4. Write a note on classification of overheads. (DEC‚ 2010) 5. Write short notes on the following: i. Product Costs ii. Period costs iii. Out of pocket cost
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CHAPTER 17 MULTINATIONAL FINANCIAL MANAGEMENT (Difficulty Levels: Easy‚ Easy/Medium‚ Medium‚ Medium/Hard‚ and Hard) Please see the preface for information on the AACSB letter indicators (F‚ M‚ etc.) on the subject lines. Multiple Choice: True/False (17-2) Multinational fin. mgmt. F T Answer: a EASY [i]. Multinational financial management requires that financial analysts consider the effects of changing currency values. a. True b. False (17-2) Multinational
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Imperial College Business School‚ London 18th December 2014 Group Assignment Management Accounting Submitted to: Professor Jeremy Fernando Submitted by: Group E‚ Stream 2 Alaine Sung | Hadrien Jacomino | Mokhtar Ibrahim | Nikhil Gangwani | Ronami Ogulu | Yana Kim Q1 What‚ if anything‚ should John Powell do about Frank Duffy’s reluctance to use KEA-priced linerboard manufactured by a Del Norte Paper Company mill in the United States? Answer 1: Transfer pricing: is
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Question no: 01:- Accounting profit and Economic profit. Economic Profit Implicit cost Accounting profit Explicit cost Total opportunity cost Revenue Revenue How an economist views a firm How an accountant views a firm Accounting profit equals sales revenue minus ( - ) all costs except the cost of equity capital‚ while Economic profit is sales revenue minus ( - ) all costs including the opportunity cost of equity capital. Thus economic profit may be lower than the accounting profit. If accounting
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Accounting for Foreign Currency Transactions And Hedging Foreign Exchange Risk Multiple Choice 1. A discount or premium on a forward contract is deferred and included in the measurement of the related foreign currency transaction if the contract is classified as a a. hedge of a net investment in a foreign entity. b. hedge of an exposed asset or liability position. c. hedge of an identifiable foreign currency commitment. d. contract acquired to speculate in the movement of exchange rates. 2. The discount
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economic development whose healthy progressing relies on its management levels. I will describe the role and importance of the application of strategic management accounting in public and not-for-profit sectors and analyzes its conceptions and methods‚ combining with its management characteristics. 1. The role and importance of the application of strategic management accounting in public and not-for-profit sectors Strategic management accounting is the need of public and not-for-profit sectors effectively
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Statements on Management Accounting PRACTICE OF MANAGEMENT ACCOUNTING TITLE Definition and Measurement of Direct Material Cost TABLE OF CONTENTS Definitions . . . . . . . . . . . . . . . . . . . . . . . . . Materiality . . . . . . . . . . . . . . . . . . . . . . . . . Material Quantities . . . . . . . . . . . . . . . . . . . Material Lost in the Production Process . . . . Samples‚ Prototypes‚ and Initial Production Runs . . . . . . . . . . . . . . . . . . 1 2 2 2 3 Unit Price of Direct Material
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Chapter 05 Production and Cost Essay Questions 1. Always Round Tire has a production function of Q = 300 L.75 K.5. In the short run‚ if L = 250 and K = 25‚ what happens to the output of tires if L jumps to 300 and then 350. What law does this illustrate? When L=250 and K=25 then Q=94307. When L increases to 300‚ Q increases to 108‚127. When L increases to 350‚ Q increases to 121‚379. This shows the effects of diminishing marginal returns to labor as a factor of production.
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[pic] Financial Accounting Case Study: ARM Holdings Plc Stock Market Value vs. Visible Equity The Tech Market Amplification [pic] Lex Bradshaw-Zanger January 2003 Stock Market Value vs. Visible Equity – The Tech Market Amplification Introduction How do we place a value on knowledge? In fast-growing sectors like biotechnology and computer software‚ including some parts of GIS (Geographic Information Systems)‚ a large part of the value of
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