Name: ________________________ Class: ___________________ Date: __________ Quiz 2 1) Cost-volume-profit analysis is used primarily by management: A) as a planning tool B) for control purposes C) to prepare external financial statements D) to attain accurate financial results Answer: A Diff: 1 Terms: cost-volume-profit (CVP) Objective: 1 AACSB: Communication 2) One of the first steps to take when using CVP analysis to help make decisions is: A) finding out where the total costs line intersects
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Greetings Inc. has operated for many years as a nationally recognized retailer of greeting cards and small gift items. It has 1‚500 stores throughout the United States located in high-traffic malls. As the stock price of many other companies soared‚ Greetings’ stock price remained flat. As a result of a heated 2007 shareholders’ meeting‚ the president of Greetings‚ Robert Burns‚ came under pressure from shareholders to grow Greetings’ stock value. As a consequence of this pressure‚ in 2008 Mr
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70‚000 units 80‚000 units 90‚000 units Sales $1‚400‚000 $1‚600‚000 $1‚800‚000 Cost of goods sold 840‚000 960‚000 1‚080‚000 Gross profit on sales $560‚000 $640‚000 $720‚000 Operating expenses ($90‚000 fixed) 370‚000 410‚000 450‚000 Operating income $190‚000 $230‚000 $270‚000 Income taxes (30% of operating income) 57‚000 69‚000 81‚000 Net income $133‚000 $161‚000 $189‚000 Assume that the cost of goods sold and variable operating expenses vary directly with sales and the income taxes remain
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Name ________________ Section time _______________ ACC 321 – Quiz 1 PART I: Multiple choice‚ 3 points each. (Transfer your answers to the proper question on the answer sheet and fill in only one circle per question.) 1. Which of the following is NOT a major challenge facing the accounting profession? a. Non-GAAP earnings. b. Fair value measurement. c. Accounting for fixed assets. d. Forward-looking information. 2. The objective of financial reporting places most
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Learning outcome 1 1. Be able to address the range of communication requirements in own role The learner can: 1.1 Review the range of groups and individuals whose communication needs must be addressed in own job role 1.2 Explain how to support effective communication within own job role 1.3 Analyse the barriers and challenges to communication within own job role 1.4 Implement a strategy to overcome communication barriers 1.5 Use different means of communication to meet different needs Learning
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ACC 444 Exam 1 Guide Summary of Questions (approximate): Topic # Multiple Choice Questions (2 pts each) Total Points Business Process Overview 9 Computer Fraud & Abuse 16 Internal Control Systems 25 Total # questions 50 100 Study Guide While there couldbe questions from other topics discussed in class‚ themain emphasis will be on the following subject matter: Business Process Overview The “transaction cycles” approach The data processing model Computer
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|ACC/422 Version 6 | | |Intermediate Financial Accounting II | | | | Copyright © 2012‚ 2010‚ 2007‚ 2006‚ 2004 by University of Phoenix. All rights reserved
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ETH 501 Case 3 Business Ethics Introduction In reviewing the case for module three on Mattel I couldn’t help but notice how similar a case study this was to another multinational corporation (MNC). That corporation is Nike. It seems that around the time I was entering my teenage years more and more corporations where being placed under this microscope. This was a direct correlation of globalization. Every industry leader has gone through this as a result of being a industry leader and
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Early last summer‚ Avaya made the announcement that it would file for an IPO in the near future. While there is a lot of preparation and consideration that goes into this process‚ an emerging decision that corporations must also make is whether to use a traditional or online auction IPO. There are pros and cons to each type of IPO and each method may or may not be suitable to the needs and goals of a corporation. Several questions must be answered prior to the opening. What kind of profit is
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Inventory Systems Summary Planning and Forecasting is a vital function of management especially as it is related to inventory management. Planning has four processes associated with it. They are establishing goals‚ formulating strategies‚ implementing the plan and evaluating its success. The planning process of inventory will assist the organization choose the correct inventory system resulting in reduced costs and increased efficiency. For any business‚ having large amounts of inventory could prove
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