экзамен 3

Задание №1	Other things held constant, which of the following will not affect the current ratio, assuming an initial current ratio greater than 1.0?
Верный	Accounts receivable are collected

Задание №2	Other things held constant, which of the following will not affect the quick ratio? (Assume that current assets equal current liabilities.)
Верный	Accounts receivable are collected

Задание №3	Company J and Company K each recently reported the same earnings per share (EPS). Company J’s stock, however, trades at a higher price. Which of the following statements is most correct?
Верный	Company J must have a higher P/E ratio.

Задание №4	Stennett Corp.’s CFO has proposed that the company issue new debt and use the proceeds to buy back common stock. Which of the following are likely to occur if this proposal is adopted? (Assume that the proposal would have no effect on the company’s operating earnings.)
Верный	Statements B and C are correct

Задание №5	Russell Securities has $100 million in total assets and its corporate tax rate is 40 percent. The company recently reported that its basic earning power (BEP) ratio was 15 percent and that its return on assets (ROA) was 9 percent. What was the company’s interest expense?
Верный	$ 0
Задание №6	A firm has a profit margin of 15 percent on sales of $20,000,000. If the firm has debt of $7,500,000, total assets of $22,500,000, and an after-tax interest cost on total debt of 5 percent, what is the firm’s ROA?
Верный	13.3%

Задание №7

Tapley Dental Supply Company has the following data:

Net income: $240 Sales: $10,000 Total assets: $6,000

Debt ratio: 75% TIE ratio: 2.0 Current ratio: 1.2

BEP ratio: 13.33%

If Tapley could streamline operations, cut operating costs, and raise net income to $300, without affecting sales or the balance sheet (the additional profits will be paid out as dividends), by how much would its ROE increase?

Верный

4.00%

Задание №8	Five areas that financial ratios concentrate on are:
Верный	liquidity, profitability, debt, efficiency, market related

Задание №9	Ratios that measure the ability of the company to pay its short-term debts are called:
Верный	liquidity ratios

Задание №10	Current assets divided by current liabilities is the definition of the:
Верный	current ratio

Задание №11	The quick ratio is defined as:
Верный	current assets less inventory, divided by current liabilities

Задание №12	Return on sales, return on assets and return on equity are examples of:
Верный	profitability ratios

Задание №13	Return on assets is defined as:
Верный	operating income divided by total assets

Задание №14	Net income divided by shareholders’ equity is the definition of:
Верный	return on equity

Задание №15	The debt to equity ratio measures
Верный	the relative proportions of debt and equity in the capital structure
Задание №16	The interest cover ratio measures:
Верный	the relationship between interest and profit

Задание №17	Total asset turnover, receivables turnover and inventory turnover ratios measure:
Верный	Efficiency

Задание №18	The receivables turnover ratio is defined as:
Верный	sales divided by receivables

Задание №19	To measure the efficiency with which inventory is used the following ratio should be used:
Верный	inventory holding period, inventory turnover ratio

Задание №20	Earnings per share is affected by:
Верный	number of shares, net income

Задание №21	The price to earnings ratio measures:
Верный	the public’s perception of the company

Задание №22	The dividend cover ratio is defined as:
Верный	net income divided by dividend

Задание №23	A company has a total asset turnover of 2 and sales of $500,000. What is the company’s total assets?
Верный	$250,000

Задание №24

Given the following information, calculate the company’s long-term debt.

Current assets:	$125,000
Current liabilities:	$ 85,000
Net fixed assets:	$250,000
Total equity:	$200,000

Верный

$90,000

Задание №25	Which of the following statements is not required by the SEC for publicly traded firms?
Верный	the statement of cost of goods sold

Задание №26	The balance sheet entry that represents the cumulative total of the earnings that a firm has reinvested since its inception is
Верный	retained earnings

Задание №27	Which of the following is not a common tool used in financial statement analysis?
Верный	Random walk analysis

Задание №28	The effect of an increase in a firm’s accounts payable during the year, assuming that the current asset portion of the balance sheet remains the same, is
Верный	an inflow of cash

Задание №29	What is the financial ratio that measures the price per share of stock divided by earnings per share?
Верный	Price-earnings ratio

Задание №30	While determining the most profitable company from the given number of companies, which of the following would be the best indicator of relative profitability?
Верный	Highest return on equity

Задание №31	Which of the following statements concerning financial ratios is incorrect?
Верный	Accounting principles and methods used by a company will not affect financial ratios

Задание №32	Which of the following ratios is not generally considered to be helpful in assessing short-term liquidity?
Верный	Days goodwill held

Задание №33	Liquidity of a company is generally defined as a measure of:
Верный	the ability to pay current liabilities

Задание №34	Which of the following statements is correct?
Верный	The more efficiently a company utilizes its assets, the greater its return on investment, all other things being equal

Задание №35	Which of the following statistics would be the most useful in determining the efficiency of a car rental company?
Верный	Number of days cars are rented as a percentage of number of days available for rent

Задание №36	Which of the following ratios does not relate to market price of a company under analysis?
Верный	Return on common equity

Задание №37	Which of the following ratios would be considered useful in assessing operating profitability?
Верный	Gross profit margin

Задание №38	Which of the following statements regarding the intrinsic value of a company is correct?
Верный	It can be calculated as book value plus the present value of future expected residual income, discounted at the cost of equity capital

Задание №39	Which of the following statements is incorrect?
Верный	Equity investors have unlimited downside exposure if the company declares bankruptcy

Задание №40	You wish to compare the performance of two companies. Which of the following statements is most likely to be incorrect?
Верный	If companies have different auditors, this will hinder comparability

Задание №41	In order to identify the amount of funds that a firm borrowed during the preceding year, what section is the best source within the Statement of Cash Flows?
Верный	financing flows
Задание №42	Which of the following items can be found on an income statement?
Верный	Sales

Задание №43	If you only knew a company’s total assets and total debt, which item could you easily calculate?
Верный	Total equity

Задание №44	How do we calculate a company’s operating cash flow?
Верный	EBIT — taxes + depreciation

Задание №45	Holding all other things constant, which of the following represents a cash outflow?
Верный	The company acquires inventory

Задание №46	What ratio measures the ability of the firm to satisfy its short term obligations as they come due?
Верный	Current ratio

Задание №47	If you are looking to review a firm’s sources and uses of cash flows over the year, the easiest place to find that information is
Верный	the Statement of Cash Flows

Задание №48	The effect of an increase in a firm’s accounts payable during the year, assuming that the current asset portion of the balance sheet remains the same, is
Верный	an inflow of cash

Задание №49

Granny’s Jug Herbal Shop has total current liabilities of $2,000 and an inventory of $1,000. If its current ratio is 2.5, then what is its quick ratio?

Верный

2.0

Задание №50	The firm that you work for had credit sales of $3,500,000 last year and on average had $33,000 in its accounts receivable during the year. What is its average collection period?
Верный	3 days

Задание №51	In general, the more debt a firm uses in relation to its total assets
Верный	the greater the financial leverage it uses

Задание №52	Devil Inc. has total liabilities equal to $3,500 and total assets equal to $5,000. What is Devil’s asset-to-equity ratio?
Верный	3.33

Задание №53	Straw Corp has an operating profit of $1,200 produced from $9,800 in sales. If Straw has no interest expense and currently pays 35% of its operating profits in taxes and $200 per year in preferred dividends, then what is Straw’s net profit margin?
Верный	5.92%

Задание №54	FactorMax is currently selling for $75 per share. If it is selling at a P/E ratio of 50, calculate FactorMax’s recent earnings per share.
Верный	$1.50
Задание №55	__________ of the cash flow generated by the firm’s operations, investments and financial activities.
Верный	The statement of cash flows is a report
Задание №56	A firm has a higher asset turnover ratio than the industry average, which implies
Верный	the firm is utilizing assets more efficiently than other firms in the industry
Задание №57	A firm has a lower asset turnover ratio than the industry average, which implies
Верный	the firm is utilizing assets less efficiently than other firms in the industry
Задание №58	If you wish to compute economic earnings and are trying to decide how to account for inventory, _______.
Верный	LIFO is better than FIFO
Задание №59	__________ of the profitability of the firm over a period of time such as a year.
Верный	The income statement is a summary
Задание №60	Given the results of the study by Clayman, you would __________ the stocks of firms with high ROEs and __________ the stocks of firms with low ROEs.
Верный	not want to buy, want to buy
Задание №61	Over a period of thirty-odd years in managing investment funds, Benjamin Graham used the approach of investing in the stocks of companies where the stocks were trading at less than their working capital value. The average return from using this strategy was approximately ______.
Верный	20%
Задание №62	A study by Speidell and Bavishi (1992) found that when accounting statements of foreign firms were restated on a common accounting basis,
Верный	the original and restated P/E ratios varied considerably
Задание №63	If the interest rate on debt is higher than ROA, then a firm will __________ by increasing the use of debt in the capital structure.
Верный	decrease the ROE
Задание №64	If the interest rate on debt is lower than ROA, then a firm will __________ by increasing the use of debt in the capital structure.
Верный	increase the ROE
Задание №65	A firm has a market to book value ratio that is equivalent to the industry average and an ROE that is less than the industry average, which implies _______.
Верный	the firm has a higher P/E ratio than other firms in the industry
Задание №66	In periods of inflation, accounting depreciation is __________ relative to replacement cost and real economic income is ________.
Верный	understated, overstated
Задание №67	If a firm has a positive tax rate, a positive ROA, and the interest rate on debt is the same as ROA, then ROA will be ________.
Верный	greater than the ROE
Задание №68	A measure of asset utilization is ________.
Верный	return on total assets
Задание №69	Return on total assets is a function of _______.
Верный	the after-tax profit margin and the asset turnover ratio
Задание №70	FOX Company has a ratio of (total debt/total assets) that is above the industry average, and a ratio of (long term debt/equity) that is below the industry average. These ratios suggest that the firm _________.
Верный	has relatively high current liabilities
Задание №71	A firm’s current ratio is above the industry average; however, the firm’s quick ratio is below the industry average. These ratios suggest that the firm _________.
Верный	has relatively more total current assets and even more inventory than other firms in the industry
Задание №72	Which of the following ratios gives information on the amount of profits reinvested in the firm over the years:
Верный	Retained earnings/total assets
Задание №73	Ferris Corp. wants to increase its current ratio from the present level of 1.5 when it closes the books next week. The action of __________ will have the desired effect.
Верный	payment of current payables from cash
Неверный	none of the above
Задание №74	Fundamental analysis uses __________.
Верный	earnings and dividends prospects
Задание №75	Which of the following would best explain a situation where the ratio of (net income/total equity) of a firm is higher than the industry average, while the ratio of (net income/total assets) is lower than the industry average?
Верный	The firm’s debt ratio is higher than the industry average
Задание №76	__________ best explains a ratio of (sales/average net fixed assets) that exceeds the industry average.
Верный	The firm has a substantial amount of old plant and equipment

Задание №77	Which of the following statements is most correct?
Верный	If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, its current ratio must rise

Задание №78	Which of the following actions can a firm take to increase its current ratio?
Верный	Issue short-term debt and use the proceeds to buy back long-term debt with a maturity of more than one year

Задание №79	Which of the following actions will cause an increase in the quick ratio in the short run?
Верный	$1,000 worth of inventory is sold, and an account receivable is created. The receivable exceeds the inventory by the amount of profit on the sale, which is added to retained earnings


Задание №80	As a short-term creditor concerned with a company’s ability to meet its financial obligation to you, which one of the following combinations of ratios would you most likely prefer? Current TIE Debt ratio ratio
Верный	0.5 0.5 0.33

Задание №81	Which of the following statements is most correct?
Верный	If two firms pay the same interest rate on their debt and have the same rate of return on assets, and if that ROA is positive, the firm with the higher debt ratio will also have a higher rate of return on common equity

Задание №82	Which of the following statements is most correct?
Верный	An increase in a firm’s debt ratio, with no changes in its sales and operating costs, could be expected to lower its profit margin on sales

Задание №83	Company A is financed with 90 percent debt, whereas Company B, which has the same amount of total assets, is financed entirely with equity. Both companies have a marginal tax rate of 35 percent. Which of the following statements is most correct?
Верный	If the two companies have the same basic earning power (BEP), Company B will have a higher return on assets

Задание №84	A firm is considering actions which will raise its debt ratio. It is anticipated that these actions will have no effect on sales, operating income, or on the firm’s total assets. If the firm does increase its debt ratio, which of the following will occur?
Верный	Return on assets will increase

Задание №85	Reeves Corporation forecasts that its operating income (EBIT) and total assets will remain the same as last year, but that the company’s debt ratio will increase this year. What can you conclude about the company’s financial ratios? (Assume that there will be no change in the company’s tax rate.)
Верный	The company’s basic earning power (BEP) will fall

Задание №86	Which of the following statements is most correct?
Верный	If two companies have the same return on equity, they should have the same stock price

Задание №87	Which of the following statements is most correct?
Верный	If a firm’s ROE and ROA are the same, this implies that the firm is financed entirely with common equity. (That is, common equity = total assets)

Задание №88	Which of the following statements is most correct?
Верный	If Firms A and B have the same level of earnings per share, and the same market to book ratio, they must have the same price earnings ratio

Задание №89

Ruth Company currently has $1,000,000 in accounts receivable. Its days sales outstanding (DSO) is 50 days (based on a 365-day year). Assume a 365-day year. The company wants to reduce its DSO to the industry average of 32 days by pressuring more of its customers to pay their bills on time. The company’s CFO estimates that if this policy is adopted the company’s average sales will fall by 10 percent. Assuming that the company adopts this change and succeeds in reducing its DSO to 32 days and does lose 10 percent of its sales, what will be the level of accounts receivable following the change?

Верный

$576,000

Задание №90	The Meryl Corporation’s common stock is currently selling at $100 per share, which represents a P/E ratio of 10. If the firm has 100 shares of common stock outstanding, a return on equity of 20 percent, and a debt ratio of 60 percent, what is its return on total assets (ROA)?
Верный	8.0%

Задание №91	Q Corp. has a basic earnings power (BEP) ratio of 15 percent, and has a times interest earned (TIE) ratio of 6. Total assets are $100,000. The corporate tax rate is 40 percent. What is Q Corp.’s return on assets (ROA)?
Верный	7.5%

Задание №92	Humphrey Hotels’ operating income (EBIT) is $40 million. The company’s times-interest-earned (TIE) ratio is 8.0, its tax rate is 40 percent, and its basic earning power (BEP) ratio is 10 percent. What is the company’s return on assets (ROA)?
Верный	6.45%

Задание №93	Selzer Inc. sells all its merchandise on credit. It has a profit margin of 4 percent, days sales outstanding equal to 60 days (based on a 365-day year), receivables of $147,945.2, total assets of $3 million, and a debt ratio of 0.64. What is the firm’s return on equity (ROE)?
Верный	7.1%

Задание №94

You are considering adding a new product to your firm’s existing product line. It should cause a 15 percent increase in your profit margin (i.e., new PM = old PM  1.15), but it will also require a 50 percent increase in total assets (i.e., new TA = old TA  1.5). You expect to finance this asset growth entirely by debt. If the following ratios were computed before the change, what will be the new ROE if the new product is added and sales remain constant?

Ratios before new product

Profit margin = 0.10

Total assets turnover = 2.00

Equity multiplier = 2.00

Верный

11%

Задание №95	Assume Meyer Corporation is 100 percent equity financed. Calculate the return on equity, given the following information: (1)Earnings before taxes = $1,500 (2)Sales = $5,000 (3)Dividend payout ratio = 60% (4)Total assets turnover = 2.0 (5)Applicable tax rate = 30%
Верный	25%
Задание №96	Oliver Incorporated has a current ratio = 1.6, and a quick ratio equal to 1.2. The company has $2 million in sales and its current liabilities are $1 million. What is the company’s inventory turnover ratio?
Верный	5.0

Задание №97	Kansas Office Supply had $24,000,000 in sales last year. The company’s net income was $400,000. Its total assets turnover was 6.0. The company’s ROE was 15 percent. The company is financed entirely with debt and common equity. What is the company’s debt ratio?
Верный	0.20

Задание №98	The Merriam Company has determined that its return on equity is 15 percent. Management is interested in the various components that went into this calculation. You are given the following information: total debt/total assets = 0.35 and total assets turnover = 2.8. What is the profit margin?
Верный	3.48%

Задание №99	Harvey Supplies Inc. has a current ratio of 3.0, a quick ratio of 2.4, and an inventory turnover ratio of 6. Harvey’s total assets are $1 million and its debt ratio is 0.20. The firm has no long-term debt. What is Harvey’s sales figure?
Верный	$ 720,000

Задание №100

Taft Technologies has the following relationships:

Annual sales$1,200,000

Current liabilities $ 375,000

Days sales outstanding (DSO) (365-day year) 40

Inventory Turnover ratio 4.8

Current ratio 1.2

The company’s current assets consist of cash, inventories, and accounts receivable. How much cash does Taft have on its balance sheet?

Верный

-$ 8,333

Задание №101	Last year, Quayle Energy had sales of $200 million, and its inventory turnover ratio was 5.0. The company’s current assets totaled $100 million, and its current ratio was 1.2. What was the company’s quick ratio?
Верный	1.20

Задание №102

Thomas Corp. has the following simplified balance sheet:

Cash $ 50,000Current liabilities$125,000

Inventory 150,000 Long-term debt 175,000

Accounts receivable 100,000 Common equity 200,000

Net fixed assets 200,000

Total $500,000 Total$500,000

Sales for the year totaled $600,000. The company president believes the company carries excess inventory. She would like the inventory turnover ratio to be 8,0 and would use the freed up cash to reduce current liabilities. If the company follows the president’s recommendation and sales remain the same, the new quick ratio would be:

Верный

2.4

Задание №103

Perry Technologies Inc. had the following financial information for the past year:

Inventory turnover = 85

Quick ratio = 1.5

Sales = $860,000

Current ratio = 1.75

What were Perry’s current liabilities?

Верный

$430,000

Задание №104	Which of the following statements is most correct?
Верный	If Company A has a higher debt ratio than Company B, then we can be sure that A will have a lower times-interest-earned ratio than B

Задание №105

You are an analyst following two companies, Company X and Company Y. You have collected the following information:

•The two companies have the same total assets.

•Company X has a higher total assets turnover than Company Y.

•Company X has a higher profit margin than Company Y.

•Company Y has a higher inventory turnover ratio than Company X.

•Company Y has a higher current ratio than Company X.

Which of the following statements is most correct?

Верный

Company X must have a higher net income

Задание №106

You have collected the following information regarding Companies C and D:

•The two companies have the same total assets.

•The two companies have the same operating income (EBIT).

•The two companies have the same tax rate.

•Company C has a higher debt ratio and a higher interest expense than Company D.

•Company C has a lower profit margin than Company D.

Based on this information, which of the following statements is most correct?

Верный

Company C must have a higher level of sales

Задание №107	You have the following information about a firm: total asset = $350,000; common stock equity = $175,000; ROE = 12.5%. What is the firm’s earnings available for common stockholders?
Верный	$21,875

Задание №108	A company has an average collection period of 52 days and accounts receivables of $250,000. What are the company’s annual sales?
Верный	$1,754,808
Задание №109	A firm has a P/E ratio of 12 and a ROE of 13% and a market to book value of __________.
Верный	1.56

Задание №110	During periods of inflation, the use of FIFO (rather than LIFO) as the method of accounting for inventories causes ________.
Верный	higher incomes taxes

Задание №111	Assuming continued inflation, a firm that uses LIFO will tend to have a(n) ________ current ratio than a firm using FIFO, and the difference will tend to __________ as time passes.
Верный	lower, increase

Задание №112	__________ is a true statement.
Верный	During periods of inflation, LIFO makes the balance sheet less representative of the actual inventory values than if FIFO were used

Задание №113	The level of real income of a firm can be distorted by the reporting of depreciation and interest expense. During periods of high inflation, the level of reported depreciation tends to __________ income, and the level of interest expense reported tends to __________ income.
Верный	overstate, understate

Задание №114	If a firm’s ratio of (total liabilities/total assets) is higher than the industry average while the total capitalization of the firm’s stockholders’ equity) is lower than the industry average, the most likely assumption is that the firm ________.
Верный	has more current liabilities than the industry average

Задание №115	What best explains why a firm’s ratio of (long-term debt/total capital) is lower than the industry average, while the ratio of (income before interest and taxes/debt interest charges) is lower than the industry average.
Верный	The firm has more short-term debt than average

Задание №116	The P/E ratio that is based on a firm’s financial statements and reported in the newspaper stock listings is different from the P/E ratio derived from the dividend discount model (DDM) because
Верный	the DDM uses different earnings measures in the denominator

Задание №117	The dollar value of a firm’s return in excess of its opportunity costs is called its
Верный	economic value added

Задание №118	To create a common size income statement ____________ all items on the income statement by ____________.
Верный	divide; total revenue

Задание №119	To create a common size balance sheet ____________ all items on the balance sheet by ____________.
Верный	divide; total assets
Задание №120	Bradley Hotels has a beta of 1.3, while Douglas Farms has a beta of 0.7. The market return is 12 percent. The risk-free rate of interest is 7 percent. By how much does Bradley’s required return exceed Douglas’ required return?
Верный	3.0%
Задание №121	Walter Jasper currently manages a $500,000 portfolio. He is expecting to receive an additional $250,000 from a new client. The existing portfolio has a required return of 10.75 percent. The risk-free rate is 4 percent and the return on the market is 9 percent. If Walter wants the required return on the new portfolio to be 11.5 percent, what should be the average beta for the new stocks added to the portfolio?
Верный	1.80

Задание №122

Which of the following statements is most correct?

Верный

Suppose two companies have identical operations in terms of sales, cost of goods sold, interest rate on debt, and assets. However, Company A uses more debt than Company B; that is, Company A has a higher debt ratio. Under these conditions, we would expect B’s profit margin to be higher than A’s

Задание №123

You are an analyst following two companies, Company X and Company Y. You have collected the following information:

•The two companies have the same total assets.

•Company X has a higher total assets turnover than Company Y.

•Company X has a higher profit margin than Company Y.

•Company Y has a higher inventory turnover ratio than Company X.

•Company Y has a higher current ratio than Company X.

Which of the following statements is most correct?

Верный

Company X must have a higher net income.

Задание №124

You have collected the following information regarding Companies C and D:

•The two companies have the same total assets.

•The two companies have the same operating income (EBIT).

•The two companies have the same tax rate.

•Company C has a higher debt ratio and a higher interest expense than Company D.

•Company C has a lower profit margin than Company D.

Based on this information, which of the following statements is most correct?

Верный

Company C must have a higher level of sales

Задание №125

Blair Company has $5 million in total assets. The company’s assets are financed with $1 million of debt, and $4 million of common equity. The company’s income statement is summarized below:

Operating Income (EBIT) $1,000,000

Interest Expense 100,000

Earnings before tax (EBT) $ 900,000

Taxes (40%) 360,000

Net Income $ 540,000

The company wants to increase its assets by $1 million, and it plans to finance this increase by issuing $1 million in new debt. This action will double the company’s interest expense, but its operating income will remain at 20 percent of its total assets, and its average tax rate will remain at 40 percent. If the company takes this action, which of the following will occur:

Верный

The company’s net income will increase

Задание №126

Southeast Packaging’s ROE last year was only 5 percent, but its management has developed a new operating plan designed to improve things. The new plan calls for a total debt ratio of 60 percent, which will result in interest charges of $8,000 per year. Management projects an EBIT of $26,000 on sales of $240,000, and it expects to have a total assets turnover ratio of 2.0. Under these conditions, the average tax rate will be 40 percent. If the changes are made, what return on equity will Southeast earn?

Верный

9.00%

Задание №127

Roland & Company has a new management team that has developed an operating plan to improve upon last year’s ROE. The new plan would place the debt ratio at 55 percent which will result in interest charges of $7,000 per year. EBIT is projected to be $25,000 on sales of $270,000, and it expects to have a total assets turnover ratio of 3.0. The average tax rate will be 40 percent. What does Roland & Company expect return on equity to be following the changes?

Верный

17.65%

Задание №128

Vance Motors has current assets of $1.2 million. The company’s current ratio is 1.2, its quick ratio is 0.7, and its inventory turnover ratio is 4. The company would like to increase its inventory turnover ratio to the industry average, which is 5, without reducing its sales. Any reductions in inventory will be used to reduce the company’s current liabilities. What will be the company’s current ratio, assuming that it is successful in improving its inventory turnover ratio to 5?

Верный

1.33

Задание №129

A company has just been taken over by new management which believes that it can raise earnings before taxes (EBT) from $600 to $1,000, merely by cutting overtime pay and thus reducing the cost of goods sold. Prior to the change, the following data applied:

Total assets: $8,000Debt ratio: 45%

Tax rate: 35%BEP ratio: 13.3125%

EBT: $600Sales: $15,000

These data have been constant for several years, and all income is paid out as dividends. Sales, the tax rate, and the balance sheet will remain constant. What is the company’s cost of debt? (Hint: Work only with old data.)

Верный

12.92%

Задание №130

Lone Star Plastics has the following data:

Assets: $100,000; Profit margin: 6.0%; Tax rate: 40%; Debt ratio: 40.0%; Interest

Задание №1	Which one of the following describes the correct sequence of stages of an accounting information system?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Сложный
Верный	identification, recording, reporting
Неверный	recording, reporting, analysing
Неверный	analysing, recording, reporting
Неверный	identification, reporting, recording
Неверный	all of the above

Задание №2	Generally accepted accounting principles (GAAP) are formulated by the
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Financial Accounting Standards Board (FASB)
Неверный	Securities and Exchange Commission (SEC)
Неверный	Institute of Management Accountants (IMA)
Неверный	American Institute of Certified Public Accountants (AICPA)
Неверный	Institute of Financial Accountants (IFA)

Задание №3	Which type of business organization is owned by one owner?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Proprietorship
Неверный	Partnership
Неверный	Corporation
Неверный	Items a, b, and c are all correct
Неверный	all of the above

Задание №4	Which accounting concept or principle specifically states that we should record transactions at amounts that can be verified?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Сложный
Верный	Faithful representation
Неверный	Going-concern concept
Неверный	Cost principle
Неверный	Entity concept
Неверный	none of the above

Задание №5	Fossil is famous for fashion wristwatches and leather goods. At the end of a recent year, Fossil’s total assets added up to $363,000,000, and equity was $228,000,000. How much were Fossil’s liabilities?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Сложный
Верный	$135,000,000
Неверный	$138,000,000
Неверный	$228,000,000
Неверный	$363,000,000
Неверный	Cannot determine from the data given

Задание №6	Assume that Fossil sold watches to a department store on account for $48,000. How would this transaction affect Fossil’s accounting equation?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Increase both assets and equity by $48,000
Неверный	Increase both assets and liabilities by $48,000
Неверный	Increase both liabilities and equity by $48,000
Неверный	No effect on the accounting equation because the effects cancel out
Неверный	Increase both liabilities and equity by $148,000

Задание №7	Accounting is the information system that
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	All of the bellow
Неверный	communicates the results to decision makers
Неверный	processes data into reports
Неверный	measures business activity
Неверный	None of the above

Задание №8	Which of the following is least likely to be a user of a business’s financial information?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Customers
Неверный	Creditors
Неверный	Taxing authorities
Неверный	Investors
Неверный	Government

Задание №9	Consider the overall effects on Fossil of selling watches on account for $64,000 and paying expenses totaling $25,000. What is Fossil’s net income or net loss?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Net income of $39,000
Неверный	Net loss of $65,000
Неверный	Net loss of $39,000
Неверный	Net income of $64,000
Неверный	Cannot determine from the data given

Задание №10	The balance sheet reports
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	financial position on a specific date
Неверный	results of operations on a specific date
Неверный	financial position for a specific period
Неверный	results of operations for a specific period
Неверный	All of the above

Задание №11	Which of the following characteristics best describes a corporation?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Limited liability of stockholders
Неверный	Mutual agency
Неверный	A board of investors
Неверный	Not for profit
Неверный	All of the above

Задание №12	Who are the external users of accounting information?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Lenders
Неверный	Managers
Неверный	Sale staff
Неверный	Officers
Неверный	Internal auditors

Задание №13	Accounting is often called the …..
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	language of business
Неверный	language of revenue
Неверный	brain of business
Неверный	eyes of business
Неверный	all answers are correct

Задание №14	Which of the following activities is NOT an accounting function?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Management consultancy
Неверный	Costing
Неверный	Taxation
Неверный	Auditing
Неверный	None of the above

Задание №15	Which financial statement is used to show what the firm owns?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Balance sheet
Неверный	Income statement
Неверный	Statement of retained earnings
Неверный	Cash flow statement
Неверный	None of the above

Задание №16	Financially, shareholders are rewarded by:
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Dividends
Неверный	Sales
Неверный	Revenues
Неверный	Profits
Неверный	Interest

Задание №17	The type of accounting which reports on the performance of the firm to essential external users is called:
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Financial accounting
Неверный	External accounting
Неверный	Internal accounting
Неверный	Managerial accounting
Неверный	Tax accounting

Задание №18	When does an accountant record a transaction?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	If it is materialized by a concrete document
Неверный	If it has a tax implication
Неверный	On managers’ demand
Неверный	None of the above
Неверный	All of the above

Задание №19	Which of the following describes a record of the transactions?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Journal
Неверный	Income statement
Неверный	General ledger
Неверный	Balance sheet
Неверный	T-accounts

Задание №20	Which of the following groups use financial accounting?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	All of the bellow are correct
Неверный	Management, employees, shareholders and lenders
Неверный	Suppliers, customers and competitors
Неверный	Tax authorities, government and general public
Неверный	b and c are correct

Задание №21	What are the accounting standards issued by the IASB called?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	International Financial Reporting Standards
Неверный	Internationally Accepted Accounting Standards
Неверный	International Financial Accounting Standards
Неверный	International Accounting Principles
Неверный	None of the above

Задание №22	The four principal qualitative characteristics of useful financial statements are:
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Средний
Верный	Understandability, relevance, reliability, comparability
Неверный	Timeliness, relevance, reliability, comparability
Неверный	Understandability, relevance, accuracy, comparability
Неверный	Understandability, relevance, reliability, simplicity
Неверный	All of the above

Задание №23	Financial accounting is serving external users by providing
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Financial Statements
Неверный	Journal
Неверный	Balance Sheet
Неверный	Income Statement
Неверный	Adjusted Trial Balance

Задание №24	Which of the following equations represents the balance sheet?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	Assets = Liabilities + Shareholders’ Equity
Неверный	Assets = Liabilities — Shareholders’ Equity
Неверный	Assets = Liabilities = Shareholders’ Equity
Неверный	Assets + Liabilities = Shareholders’ Equity
Неверный	Liabilities = Shareholders’ Equity- Assets

Задание №25	Earnings are the result of the difference between:
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	Revenue and expenses
Неверный	Revenue and assets
Неверный	Revenue and liabilities
Неверный	Liabilities and expenses
Неверный	Revenue and cash

Задание №26	Which Financial statement reports about how retained earnings changes over the reporting period?
Раздел	Introduce of Accounting
Тема	Financial Statements
Сложность	Минимальный
Верный	Statement of Retained Earnings
Неверный	Balance Sheet
Неверный	Income Statement
Неверный	Worksheet
Неверный	Trial Balance

Задание №27	The left side of the balance sheet lists assets:
Раздел	Introduce of Accounting
Тема	Financial Statements
Сложность	Минимальный
Верный	Cash, supplies and equipment
Неверный	Account receivable, note payable and revenue
Неверный	Revenue, expenses and net income
Неверный	Capital, account payable and unearned revenue
Неверный	Land, capital and prepaid insurance

Задание №28	Revenues are reported on the…..
Раздел	Introduce of Accounting
Тема	Financial Statements
Сложность	Минимальный
Верный	Income statement
Неверный	Balance sheet
Неверный	Owner’s equity statement
Неверный	Cash flows statement
Неверный	None of the above

Задание №29	Net loss arise in case if:
Раздел	Introduce of Accounting
Тема	Financial Statements
Сложность	Минимальный
Верный	Expenses are greater than revenues
Неверный	Revenues are less than cash
Неверный	Liabilities are greater than assets
Неверный	Assets are less than revenues
Неверный	Revenues are greater than expenses

Задание №30	What are three major types of business activities?
Раздел	Introduce of Accounting
Тема	Business activities
Сложность	Минимальный
Верный	Financing, investing, operating
Неверный	Investing, sales, purchasing
Неверный	Purchasing, sales, reporting
Неверный	Reporting, developing, operating
Неверный	All of the above

Задание №31	What is the result of recording the initial investment by shareholders?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	An equal increase in both assets and shareholders’ equity
Неверный	An increase in assets and a decrease in shareholders’ equity
Неверный	An equal increase in both assets and liabilities
Неверный	A decrease in assets and an increase in liabilities
Неверный	None of the above

Задание №32	A service is sold for 250 units on 10 March. The service is carried out in March; it is invoiced on 10 April and paid for on 31 May. When is the transaction recognized?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Средний
Верный	On 10 April
Неверный	On 10 March
Неверный	On 31 March
Неверный	On 31 May
Неверный	On 10 May

Задание №33	What is the result of recording debt repayment?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	A decrease in both cash and liabilities
Неверный	An increase in both cash and liabilities
Неверный	An increase in both cash and shareholders’ equity
Неверный	A decrease in both cash and shareholders’ equity
Неверный	A decrease in both liabilities and shareholders’ equity

Задание №34	A revenue:
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	Is an increase in shareholders’ equity
Неверный	Is a decrease in shareholders’ equity
Неверный	Is a decrease or an increase in shareholders’ equity
Неверный	Is a decrease and an increase in shareholders’ equity
Неверный	Has no impact on shareholders’ equity

Задание №35	What is the ratio between current assets and current liabilities called?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Средний
Верный	Current ratio
Неверный	Return on assets
Неверный	Return on investment
Неверный	Cash ratio
Неверный	None of the above

Задание №36	Managerial accounting information is generally prepared for
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	Managers
Неверный	Shareholders
Неверный	Creditors
Неверный	Regulatory agencies
Неверный	Government

Задание №37	Which of the following jobs check accounting in ledgers and financial statements?
Раздел	Introduce of Accounting
Тема	Introduce of Accounting
Сложность	Минимальный
Верный	Audit
Неверный	Financial
Неверный	Management
Неверный	Budget Analysis
Неверный	Research and development

Задание №38	Which sequence correctly summarizes the accounting process?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	Journalize transactions, post to the accounts, prepare a trial balance
Неверный	Journalize transactions, prepare a trial balance, post to the accounts
Неверный	Post to the accounts, journalize transactions, prepare a trial balance
Неверный	Prepare a trial balance, journalize transactions, post to the accounts
Неверный	Prepare a trial balance, post to the accounts, journalize transactions

Задание №39	The left side of an account is used to record which of the following?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	Debits
Неверный	Credits
Неверный	Increases
Неверный	Debit or credit, depending on the type of account
Неверный	Decreases

Задание №40	Suppose Hunt Company has receivables of $65,000, furniture totaling $205,000, and cash of $52,000. The business has a $109,000 note payable and owes $81,000 on account. How much is Hunt’s owner’s equity?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	$132,000
Неверный	$28,000
Неверный	$190,000
Неверный	$322,000
Неверный	$82,000

Задание №41	Your business purchased supplies of $2,500 on account. The journal entry to record this transaction is as follows
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	Supplies 2,500 Accounts payable 2,500
Неверный	Supplies 2,500 Accounts receivable 2,500
Неверный	Accounts payable 2,500 Supplies 2,500
Неверный	Inventory 2,500 Accounts payable 2,500
Неверный	Supplies 2,500 Cash 2,500

Задание №42	Which journal entry records your payment for the supplies purchase?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	Accounts payable 2,500 Cash 2,500
Неверный	Accounts payable 2,500 Accounts receivable 2,500
Неверный	Cash 2,500 Accounts payable 2,500
Неверный	Supplies 2,500 Cash 2,500
Неверный	Supplies 2,500 Accounts receivable 2,500

Задание №43	The detailed record of the changes in a particular asset, liability, or owner’s equity is called
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	a ledger
Неверный	a trial balance
Неверный	an account
Неверный	a journal
Неверный	None of the above

Задание №44	Pixel Copies recorded a cash collection on account by debiting Cash and crediting Accounts payable. What will the trial balance show for this error?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	Too much for liabilities
Неверный	Too much for cash
Неверный	Too much for expenses
Неверный	The trial balance will not balance
Неверный	Too much for assets

Задание №45	Timothy McGreggor, Attorney, began the year with total assets of $129,000, liabilities of $77,000, and owner’s equity of $52,000. During the year the business earned revenue of $113,000 and paid expenses of $34,000. McGreggor also withdrew cash of $63,000. How much is the business’s equity at year-end?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Средний
Верный	$131,000
Неверный	$165,000
Неверный	$97,000
Неверный	$68,000
Неверный	$98,000

Задание №46	Michael Barry, Attorney, began the year with total assets of $126,000, liabilities of $74,000, and owner’s equity of $52,000. During the year the business earned revenue of $110,000 and paid expenses of $33,000. Barry also withdrew cash of $69,000. How would Michael Barry record expenses paid of $33,000?
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Средний
Верный	Expenses 33,000 Cash 33,000
Неверный	Cash 33,000 Expenses 33,000
Неверный	Expenses 33,000 Accounts payable 33,000
Неверный	Accounts payable 33,000 Cash 33,000
Неверный	Expenses 33,000 Accounts receivable 33,000

Задание №47	The chronological record of transactions is called
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	Journal
Неверный	Account
Неверный	Ledger
Неверный	Trial balance
Неверный	Balance sheet

Задание №48	Expenses are…
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	Present or future payments of cash that are incurred to help the company earn revenues
Неверный	Earnings for work done or goods delivered by the company, regardless of when the cash is received
Неверный	Earnings retained by the company for future growth
Неверный	Net investment of the owner in the business
Неверный	None of the above

Задание №49	Which of the following is not a long-term liability?
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	Bank overdrafts
Неверный	Accounts payable (for payables due in more than one year)
Неверный	Bank borrowings reimbursable in more than one year
Неверный	Bonds
Неверный	Note payable

Задание №50	Which of the following is not a current asset?
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	Land
Неверный	Accounts receivable
Неверный	Inventory of finished products
Неверный	Inventory of raw materials
Неверный	All of the above

Задание №51	Which of the following is a financial asset?
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	Loan to an associate
Неверный	Inventories
Неверный	Accounts receivable
Неверный	Equipment
Неверный	All of the above

Задание №52	Which of the following statements is true?
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	The balance sheet, the income statement and the cash flow statement are totally linked
Неверный	There are links only between the balance sheet and the cash flow statement
Неверный	There is no link between the balance sheet, the income statement and the cash flow statement
Неверный	There are links only between the income statement and the cash flow statement
Неверный	All of the answers are true

Задание №53	The cash flow statement consists of the following sections:
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	Operating, investing, and financing
Неверный	Operating and non-operating
Неверный	Trading and financial
Неверный	Current and non-current
Неверный	All of the above

Задание №54	What are the distinctive features of accrual accounting and cash-basis accounting?
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	Accrual accounting is superior because it provides more information.
Неверный	Cash-basis accounting records all transactions
Неверный	Accrual accounting records only receivables, payables, and depreciation.
Неверный	All the above are true
Неверный	None of the above are true

Задание №55	The revenue recognition principle says
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Средний
Верный	record revenue only after you have earned it
Неверный	divide time into annual periods to measure revenue properly
Неверный	measure revenues and expenses in order to compute net income
Неверный	record revenue after you receive cash
Неверный	All of the above

Задание №56	Adjusting the accounts is the process of
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	updating the accounts at the end of the period
Неверный	zeroing out account balances to prepare for the next period
Неверный	recording transactions as they occur during the period
Неверный	subtracting expenses from revenues to measure net income
Неверный	All of the above

Задание №57	Which types of adjusting entries are natural opposites?
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	Prepaids and accruals
Неверный	Prepaids and depreciation
Неверный	Net income and net loss
Неверный	Expenses and revenues
Неверный	All if the above

Задание №58	Assume that the weekly payroll of In the Woods Camping Supplies is $300. December 31, end of the year, falls on Tuesday, and In the Woods will pay its employee on Friday for the full week. What adjusting entry will In the Woods make on Tuesday, December 31? (Use five days as a full work week.)
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Средний
Верный	Salary expense 120 Salary payable 120
Неверный	Salary expense 300 Salary payable 300
Неверный	Salary expense 180 Cash 180
Неверный	Salary expense 120 Cash 120
Неверный	No adjustment is needed because the company will pay the payroll on Friday

Задание №59	Get Fit Now gains a client who prepays $540 for a package of six physical training sessions. Get Fit Now collects the $540 in advance and will provide the training later. After four training sessions, what should Get Fit Now report on its income statement?
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Сложный
Верный	Service revenue of $360
Неверный	Unearned service revenue of $360
Неверный	Service revenue of $540
Неверный	Cash of $180
Неверный	Expenses of $360

Задание №60	Assume you prepay Get Fit Now for a package of six physical training sessions. Which type of account should you have in your records?.
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	Prepaid expense
Неверный	Unearned revenue
Неверный	Accrued expense
Неверный	Accrued revenue
Неверный	None of the above

Задание №61	Unearned revenue is always
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	a liability
Неверный	revenue.
Неверный	an asset
Неверный	owner’s equity because you collected the cash in advance
Неверный	expense

Задание №62	The adjusted trial balance shows
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	amounts ready for the financial statements
Неверный	assets, liabilities, and owner’s equity only
Неверный	amounts that may be out of balance
Неверный	revenues and expenses only
Неверный	amounts that may not be out of balance

Задание №63	Accounting data flow from the
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	Both a and b are correct
Неверный	balance sheet to the income statement
Неверный	statement of owner’s equity to the balance sheet
Неверный	income statement to the statement of owner’s equity
Неверный	none of the above

Задание №64	There are two ways to do accounting:
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Сложный
Верный	Accrual accounting and Cash-basis accounting
Неверный	Prepare an adjusted trial balance
Неверный	Journal and ledger
Неверный	Balance sheet and income statement
Неверный	None of the above

Задание №65	Accrual accounting records the effect of each transaction as it occurs-
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Сложный
Верный	that is, revenues are recorded when earned and expenses are recorded when incurred
Неверный	that is, cash is recorded when earned and expenses are recorded when incurred
Неверный	that is, revenues are recorded when earned and payables are recorded when incurred
Неверный	that is, expenses are recorded when incurred. Cash is recorded when earned
Неверный	All of the above

Задание №66	Cash-basis accounting records only
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Сложный
Верный	cash receipts and cash payments
Неверный	It ignores receivables and expenses and cash receipts
Неверный	It does not ignore depreciation
Неверный	Only large businesses use the cash basis of accounting
Неверный	All of the above

Задание №67	In the cash basis accounting
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Сложный
Верный	cash receipts are treated as revenues, cash payments are treated as expenses
Неверный	cash receipts are treated as receivable, cash payments are treated as expenses
Неверный	cash receipts are treated as receivable, cash payments are treated as payable
Неверный	cash receipts are treated as expenses, cash payments are treated as revenues
Неверный	cash receipts are treated as receivable, cash payments are treated as unearned revenue

Задание №68	The revenue recognition principle tells accountants
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Сложный
Верный	when to record revenue—that is, when to make a journal entry for a revenue
Неверный	when to record revenue —that is, when to make a journal entry for a cash
Неверный	when to record unearned revenue —that is, when to make a journal entry for a cash
Неверный	when to record unearned revenue —that is, when to make a journal entry for a revenue
Неверный	when to record unearned revenue —that is, when to make a journal entry for a unearned revenue

Задание №69	The matching principle guides accounting for:
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Средний
Верный	Expenses
Неверный	Accruals
Неверный	Revenues
Неверный	Payables
Неверный	Income statement

Задание №70	The accountant prepares the financial statements
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Минимальный
Верный	At the end of the period
Неверный	At the end of the month
Неверный	At the end of the year
Неверный	At the end of the quarter
Неверный	At the end of the day

Задание №71	Trial balance—
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	the list of all the ledger accounts with their balances
Неверный	the book holding all the accounts with their balances
Неверный	the chronological record of transactions
Неверный	the detailed record of all the changes that have occurred in a particular asset, liability, or owner’s equity
Неверный	T-accounts

Задание №72	Ledger—
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	the book holding all the accounts with their balances
Неверный	the chronological record of transactions
Неверный	the detailed record of all the changes that have occurred in a particular asset, liability, or owner’s equity
Неверный	the list of all the ledger accounts with their balances
Неверный	none of the above

Задание №73	Journal—
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	the chronological record of transactions
Неверный	the detailed record of all the changes that have occurred in a particular asset, liability, or owner’s equity
Неверный	the list of all the ledger accounts with their balances
Неверный	the book holding all the accounts with their balances
Неверный	T-accounts

Задание №74	Account—
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	the detailed record of all the changes that have occurred in a particular asset, liability, or owner’s equity
Неверный	the list of all the ledger accounts with their balances
Неверный	the book holding all the accounts with their balances
Неверный	T-accounts
Неверный	the chronological record of transactions

Задание №75	Accounts Receivable-
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Средний
Верный	is the right to receive cash in the near future
Неверный	is the revenue minus cash
Неверный	is the revenue minus expenses
Неверный	is the right to receive cash and interest in the future
Неверный	company pays for the expense before it is used

Задание №76	Prepaid Expenses-
Раздел	Analyzing and recording business transactions
Тема	Analyzing and recording business transactions
Сложность	Минимальный
Верный	company pays for the expense before it is used
Неверный	is the right to receive cash in the near future
Неверный	is the revenue minus expenses
Неверный	Equipment, Furniture, and Fixtures
Неверный	is an obligation to pay cash in the near future

Задание №77	Which columns of the accounting worksheet show unadjusted amounts?
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Сложный
Верный	Trial Balance
Неверный	Balance Sheet
Неверный	Adjustments
Неверный	Income Statement
Неверный	Statement of retained earnings

Задание №78	Which of the following accounts may appear on a post-closing trial balance?
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Сложный
Верный	Cash, Service revenue, and Salary expense
Неверный	Cash, Salary payable, and Salary expense
Неверный	Cash, Salary payable, and Service revenue
Неверный	Cash, Salary payable, and Capital
Неверный

Задание №79	The matching principle
Раздел	Adjusting entries and preparing financial statements
Тема	Adjusting entries
Сложность	Сложный
Верный	1. measures all the expenses incurred during the period, and 2. matches the expenses against the revenues of the period
Неверный	1. measures all the revenues earned during the period, and 2. matches the revenues against the all payables of the period
Неверный	1. measures all the receivables incurred during the period, and 2. matches the receivables against the expenses of the period
Неверный	1. measures all the payables incurred during the period, and 2. matches the payables against the receivables of the period
Неверный	1. measures all the expenses incurred during the period, and 2. matches the expenses against the unearned revenues of the period

Задание №80	Which situation indicates a net loss within the Income Statement columns of the worksheet?
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Сложный
Верный	Total debits exceed total credits
Неверный	Total debits equal total credits
Неверный	Total credits exceed total debits
Неверный	Total debits equal total revenues
Неверный	None of the above

Задание №81	Which of the following accounts is not closed?
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Минимальный
Верный	Accumulated depreciation
Неверный	Drawing
Неверный	Depreciation expense
Неверный	Service revenue
Неверный	All of the above

Задание №82	Assets and liabilities are listed on the balance sheet in order of their
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Минимальный
Верный	liquidity
Неверный	balance
Неверный	adjustments
Неверный	purchase date
Неверный	invoice date

Задание №83	Clean Water Softener Systems has cash of $600, receivables of $900, and supplies of $400. Clean owes $500 on accounts payable and salary payable of $200. Clean’s current ratio is
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Сложный
Верный	2.71
Неверный	0.63
Неверный	2.50
Неверный	0.37
Неверный	2.11

Задание №84	Which of the following is not a closing entry?
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Сложный
Верный	Salary payable XXX Income summary XXX
Неверный	Capital XXX Drawing XXX
Неверный	Service revenue XXX Income summary XXX
Неверный	Income summary XXX Rent expense XXX
Неверный	None of the above

Задание №85	Supplies has a $10,000 unadjusted balance on your trial balance. At year-end you count supplies of $6,000. What adjustment will appear on your worksheet?
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Сложный
Верный	Supplies expense 4000 Supplies 4000
Неверный	Supplies 4000 Supplies expense 4000
Неверный	Supplies expense 6000 Supplies 6000
Неверный	Supplies expense 16000 Supplies 16000
Неверный	No adjustment is needed because the Supplies account already has a correct balance

Задание №86	Temporary accounts are
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Средний
Верный	Revenues, expenses, drawing
Неверный	Cash, building, land
Неверный	Equipment, truck, A/P
Неверный	Receivables, unearned revenue, supplies
Неверный	N/P, N/R, prepaid rent

Задание №87	Permanent accounts are
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Средний
Верный	Not temporary
Неверный	Expenses and revenues
Неверный	Revenues and drawing
Неверный	Drawing and expenses
Неверный	none of the above

Задание №88	Which of the following would not be considered a source of financing?
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Сложный
Верный	Notes receivable
Неверный	Common stockholders’ equity
Неверный	Retained earnings
Неверный	Debentures
Неверный	Note payable

Задание №89	If a company receives an unqualified audit opinion it means the auditors:
Раздел	Completing the accounting cycle
Тема	Completing the accounting cycle
Сложность	Сложный
Верный	are providing assurance that the company’s financial statements fairly present company’s financial performance and position
Неверный	are providing assurance that the company’s financial statements are free from misstatement, fraudulent accounting and fairly indicate future performance
Неверный	are providing assurance that the company will remain financially viable for at least the next year
Неверный	did not complete a full audit and therefore do not feel qualified to give an opinion on financial statements
Неверный	None of the above

Задание №90	The two main inventory accounting systems are the
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	perpetual and periodic
Неверный	purchase and sale
Неверный	returns and allowances
Неверный	cash and accrual
Неверный	cash and allowances

Задание №91	The journal entry for the purchase of inventory on account is
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	Inventory XXX Accounts payable XXX
Неверный	Accounts payable XXX Inventory XXX
Неверный	Inventory XXX Accounts receivable XXX
Неверный	Cash XXX Inventory XXX
Неверный	Accounts payable XXX Accounts receivable XXX

Задание №92	JC Manufacturing purchased inventory for $5,300 and also paid a $260 freight bill. JC Manufacturing returned 45% of the goods to the seller and later took a 2% purchase discount. What is JC Manufacturing’s final cost of the inventory that it kept? (Round your answer to the nearest whole number.)
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	$3,117
Неверный	$2,997
Неверный	$2,857
Неверный	$2,337
Неверный	$2,097

Задание №93	Suppose Austin Sound had sales of $300,000 and sales returns of $45,000. Cost of goods sold was $152,000. How much gross profit did Austin Sound report?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	$103,000
Неверный	$148,000
Неверный	$255,000
Неверный	$88,000
Неверный	$48,000

Задание №94	Suppose Dave’s Discount’s Inventory account showed a balance of $8,000 before the yearend adjustments. The physical count of goods on hand totaled $7,400. To adjust the accounts, Dave Marshall would make the following entry:
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	Cost of goods sold 600 Inventory 600
Неверный	Inventory 600 Accounts receivable 600
Неверный	Accounts payable 600 Inventory 600
Неверный	Inventory 600 Cost of goods sold 600
Неверный	Accounts payable 600 Cost of goods sold 600

Задание №95	Which account in question 6 would Dave Marshall close at the end of the year?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Средний
Верный	Cost of goods sold
Неверный	Inventory
Неверный	Accounts receivable
Неверный	Accounts payable
Неверный	Revenue

Задание №96	The final closing entry for a proprietorship is
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Средний
Верный	Capital XXX Drawing XXX
Неверный	Expenses XXX Revenue XXX
Неверный	Capital XXX Expenses XXX
Неверный	Income summary XXX Revenues XXX
Неверный	Revenues XXX Expenses XXX

Задание №97	Which subtotals appear on a multi-step income statement but do not appear on a single-step income statement?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	Gross profit and Income from operations
Неверный	Operating expenses and Net income
Неверный	Net sales and Cost of goods sold
Неверный	Cost of goods sold and Net income
Неверный	Net income and Cost of goods sold

Задание №98	Assume Juniper Natural Dyes made net Sales of $90,000, and Cost of goods sold totaled $58,000. Average inventory was $17,000. What was Juniper Natural Dyes’ gross profit percentage for this period? (Round your answer to the nearest whole percent.)
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	36%
Неверный	64%
Неверный	3.4 times
Неверный	17%
Неверный	22%

Задание №99	Сoncept which states that a company must perform strictly proper accounting only for significant items is
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	Materiality
Неверный	Disclosure
Неверный	Accounting Conservatism
Неверный	Matching
Неверный	Revenue recognition

Задание №100	The principle holds that a company should report enough information for outsiders to make wise decisions about the company is
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	Disclosure
Неверный	Materiality
Неверный	Accounting Conservatism
Неверный	Matching
Неверный	Revenue recognition

Задание №101	To test that the total of debits and the total of credits are equal, the accountant periodically prepares a
Раздел	Balance sheet
Тема	Debits and credits
Сложность	Сложный
Верный	Trial balance
Неверный	general journal
Неверный	T account
Неверный	ledger
Неверный	Balance sheet

Задание №102	Which of the following purchase discounts terms is best for the buyer?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	5/15, n/40
Неверный	1/5, n/40
Неверный	5/10, n/20
Неверный	2/10, n/30
Неверный	1/10, n/30

Задание №103	Exe Ltd sells goods on credit to Wy Ltd for $3000. Which of the following accounting entries correctly records this transaction?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	Debit Wy Ltd, credit sales $3000
Неверный	Debit cash, credit sales $3000
Неверный	Debit Wy Ltd, credit stock $3000
Неверный	Debit sales, credit Wy Ltd $3000
Неверный	Credit sales, credit Wy Ltd $3000

Задание №104	The different inventory costing methods produce different amounts for
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	Ending inventory, and cost of goods sold
Неверный	Beginning inventory, and cost of goods sold
Неверный	Ending inventory, and net income
Неверный	Capital , and drawing
Неверный	Drawing , and cost of goods sold

Задание №105	T. J. Jackson had inventory that cost $1,300. The market value of the inventory is $750. Normal profit is $325. At what value should Jackson show on the balance sheet for inventory?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	$750
Неверный	$1,625
Неверный	$1,300
Неверный	$1,075
Неверный	$1,170

Задание №106	Which inventory costing method assigns to ending inventory the newest—the most recent—costs incurred during the period?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Средний
Верный	First-in, first-out (FIFO)
Неверный	Specific-unit-cost
Неверный	Average-cost
Неверный	Last-in, first-out (LIFO)
Неверный	All of the above

Задание №107	Assume Nile.com began April with 14 units of inventory that cost a total of $266. During April, Nile purchased and sold goods as follows: Apr 8 Purchase 42 units @ $20 14 Sale 35 units @ $40 22 Purchase 28 units @ $22 27 Sale 42 units @ $40 Under the FIFO inventory method, how much is Nile’s cost of goods sold for the sale on April 14?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	$686
Неверный	$1,106
Неверный	$1,400
Неверный	$700
Неверный	$900

Задание №108	Which inventory costing method results in the lowest net income during a period of rising inventory costs?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	Last-in, first-out (LIFO)
Неверный	First-in, first-out (FIFO)
Неверный	Specific-unit-cost
Неверный	Average-cost
Неверный	All of the above

Задание №109	Which of the following is most closely linked to accounting conservatism?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	Lower-of-cost-or-market rule
Неверный	Materiality concept
Неверный	Disclosure principle
Неверный	Consistency principle
Неверный	None of the above

Задание №110	At December 31, 2012, Stevenson Company overstated ending inventory by $36,000. How does this error affect cost of goods sold and net income for 2012?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	Understates cost of goods sold and overstates net income
Неверный	Overstates cost of goods sold and understates net income
Неверный	Leaves both cost of goods sold and net income correct because the errors cancel each other
Неверный	Overstates both cost of goods sold and net income
Неверный	All of the above

Задание №111	Suppose Supreme Clothing suffered a hurricane loss and needs to estimate the cost of the goods destroyed. Beginning inventory was $94,000, net purchases totaled $564,000, and sales came to $940,000. Supreme’s normal gross profit percentage is 55%. Use the gross profit method to estimate the cost of the inventory lost in the hurricane.
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Сложный
Верный	$235,000
Неверный	$517,000
Неверный	$141,000
Неверный	$658,000
Неверный	$220,000

Задание №112	With good internal controls, the person who handles cash can also
Раздел	Plant assets
Тема	Plant assets
Сложность	Средний
Верный	None of the above
Неверный	issue credits to customers for sales returns
Неверный	account for cash receipts from customers
Неверный	account for cash payments
Неверный	All of the above

Задание №113	“Bad debts” are the same as
Раздел	Plant assets
Тема	Plant assets
Сложность	Средний
Верный	Both a and b.
Неверный	uncollectible accounts
Неверный	doubtful accounts
Неверный	Neither of the above
Неверный	All of the above

Задание №114	When recording credit- or debit-card sales using the net method,
Раздел	Plant assets
Тема	Plant assets
Сложность	Средний
Верный	cash received equals sales minus the fee assessed by the card processing company
Неверный	cash received equals sales plus the fee assessed by the card processing company
Неверный	cash received equals sales
Неверный	cash isn’t received by the seller until the customer pays his or her credit card statement
Неверный	All of the above

Задание №115	Your company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for uncollectible accounts had a credit balance of $1,000. During the year you recorded Uncollectible account expense of $2,700 and wrote off bad receivables of $2,100. What is your year-end balance in Allowance for uncollectible accounts?
Раздел	Plant assets
Тема	Plant assets
Сложность	Средний
Верный	$1,600
Неверный	$600
Неверный	$4,800
Неверный	$3,700
Неверный	$700

Задание №116	Your ending balance of Accounts receivable is $19,500. Use the data in the preceding question to compute the net realizable value of Accounts receivable at year-end.
Раздел	Plant assets
Тема	Plant assets
Сложность	Средний
Верный	$17,900
Неверный	$19,500
Неверный	$17,400
Неверный	$16,800
Неверный	$15,700

Задание №117	What is wrong with the direct write-off method of accounting for uncollectibles?
Раздел	Plant assets
Тема	Plant assets
Сложность	Средний
Верный	All answers are correct
Неверный	The direct write-off method does not match expenses against revenue very well
Неверный	The direct write-off method does not set up an allowance for uncollectibles
Неверный	The direct write-off method overstates assets on the balance sheet
Неверный	None of the above

Задание №118	At January 31, you have a $8,400 note receivable from a customer. Interest of 10% has accrued for 10 months on the note. What will your financial statements report for this situation?
Раздел	Plant assets
Тема	Plant assets
Сложность	Сложный
Верный	The balance sheet will report the note receivable of $8,400 and interest receivable of $700
Неверный	Nothing, because you have not received the cash yet
Неверный	The income statement will report a note receivable of $8,400
Неверный	The balance sheet will report the note receivable of $8,400
Неверный	None of the above

Задание №119	Return to the data in the preceding question. What will the income statement report for this situation?
Раздел	Plant assets
Тема	Plant assets
Сложность	Сложный
Верный	Interest revenue of $700
Неверный	Note receivable of $8,400
Неверный	Nothing, because you have not received the cash yet
Неверный	Account receivable of $5,400
Неверный	Note payable of $1,100

Задание №120	At year-end, your company has cash of $11,600, receivables of $48,900, inventory of $37,900, and prepaid expenses totaling $5,100. Liabilities of $55,900 must be paid next year. What is your acid-test ratio?
Раздел	Plant assets
Тема	Plant assets
Сложность	Сложный
Верный	1.08
Неверный	0.21
Неверный	1.76
Неверный	1.06
Неверный	Cannot be determined from the data given

Задание №121	Return to the data in the preceding question. A year ago receivables stood at $67,400, and sales for the current year totaled $807,800. How many days did it take you to collect your average level of receivables?
Раздел	Plant assets
Тема	Plant assets
Сложность	Средний
Верный	26
Неверный	35
Неверный	29
Неверный	49
Неверный	50

Задание №122	Which of the following purchase discounts terms is best for the seller?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Минимальный
Верный	1/5, n/45
Неверный	5/15, n/40
Неверный	5/10, n/20
Неверный	2/10, n/30
Неверный	1/10, n/30

Задание №123	Where does a debt account decrease?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Минимальный
Верный	On the debit side
Неверный	On the credit side
Неверный	Neither a. nor b
Неверный	Both a. and b
Неверный	None of the above

Задание №124	In general, the asset side of the balance sheet is designed to summarize balance sheet accounts with:
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Минимальный
Верный	Debit balances
Неверный	Neither a. nor b
Неверный	Both a. and b
Неверный	Credit balance
Неверный	None of the above

Задание №125	Which mechanism is entirely based on the fundamental idea that each individual accounting transaction has two sides, which are always balanced?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Минимальный
Верный	Double entry bookkeeping
Неверный	Accrual accounting
Неверный	Prudence principle
Неверный	Cash accounting
Неверный	None of the above

Задание №126	Which of the following statements is false?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Средний
Верный	If you decrease an asset account, you could increase a shareholders’ equity account
Неверный	If you decrease an asset account, you could decrease a shareholders’ equity account
Неверный	If you increase an asset account, you could decrease an asset account
Неверный	If you increase an asset account, you could increase a liability account
Неверный	None of the above

Задание №127	Each accounting transaction originates in a:
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Минимальный
Верный	Document.
Неверный	Ledger
Неверный	Journal
Неверный	Trial balance
Неверный	None of the above

Задание №128	In which order does the journal list transactions?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Минимальный
Верный	Chronological
Неверный	Alphabetical
Неверный	Decreasing
Неверный	Increasing
Неверный	None of the above

rate: 8.0%: Total assets turnover: 3.0.

What is Lone Star’s EBIT?

Верный

$ 3,200

Задание №131	A firm reports a current ratio of 2 and a quick ratio of 1.2. The firm has total current assets of $4,000. If the firm reports cost of goods sold at $25,000 for the given year, what is the average age of their inventory?
Верный	23.36 days

Задание №132

The average age of the inventory for a firm is 10 days old. If the current dollar amount of inventory is $1,000, what is a good estimate for the cost of goods sold over the last year?

Верный

$36,500

Задание №133	The asset to equity ratio for a firm is 1.5, and the firm has total assets of $6,000,000. Last year, net income for the firm was $250,000, and the earnings per share for the firm was reported as $0.50. If the current price-to-earnings ratio is 20, what is the current market-to-book ratio for the firm?
Верный	1.25

Задание №134	Wunder Boy Bat Co. has an average age of inventory equal to 121.67 days. If its end of year inventory level is $4,000, then what does that imply for the cost of goods sold during the year? (round to the nearest dollar)
Верный	$12,000

Задание №135	Edison Bagels had operating cash flow equal to $850 for 2004. If its earnings before interest and taxes was $1,000 while its tax bill was $300, what was Edison’s depreciation expense for the year?
Верный	$150

Задание №136	The Park Corp. had earnings before interest and taxes of $500,000 and had a depreciation expense of $200,000 this last year. If the firm was subject to an average tax rate of 30%, what was Park’s operating cash flow for the year? If you need to, assume that Park’s interest expense was zero for the year.
Верный	$550,000

Задание №137	Last National, Inc. has a net profit margin of 12%, an equity multiplier of 2, sales of $575,000 and a ROE of 14.5%. What is Last National’s total asset turnover?
Верный	0.6042

Задание №138	You have the following information about a firm: total asset = $350,000; common stock equity = $175,000; ROE = 12.5%. What is the firm’s earnings available for common stockholders?
Верный	$21,875

Задание №139

Lone Star Plastics has the following data: Assets: $100,000; Profit margin: 6.0%; Tax rate: 40%; Debt ratio: 40.0%; Interest rate: 8.0%: Total assets turnover: 3.0.

What is Lone Star’s EBIT?

Верный

$33,200

Задание №140

Total assets: $8,000Debt ratio: 45%

Tax rate: 35%BEP ratio: 13.3125%

EBT: $600Sales: $15,000

Верный

12.92%

Задание №141

Верный

1.22

Задание №142

Верный

26.67%

Задание №143

Верный

22.50%

Задание №144

A firm has a (net profit/pretax profit) ratio of 0.6, a leverage ratio of 2, a (pretax profit/EBIT) of 0.6, an asset turnover ratio of 2.5, a current ratio of 1.5, and a return on sales ratio of 4%. The firm’s ROE is _________.

Верный

7.2%

Задание №145

Given the following firm and market information, determine the value of the firm.

Верный

$18.42

Задание №146

Suppose that Chicken Express, Inc. has a ROA of 7% and pays a 6% coupon on its debt. Chicken Express has a capital structure that is 70% equity and 30% debt. Relative to a firm that is 100% equity-financed, Chicken Express’s Net Profit will be ________ and its ROE will be ________.

Верный

lower, higher

Задание №147

Economic value added (EVA) is also known as

Верный

residual income

Задание №148

Which of the following are issues when dealing with the financial statements of international firms?

I) Many countries allow firms to set aside larger contingency reserves than the amounts allowed for U.S. firms.

II) Many firms outside the U.S. use accelerated depreciation methods for reporting purposes, whereas most U.S. firms use straight-line depreciation for reporting purposes.

III) Intangibles such as goodwill may be amortized over different periods or may be expensed rather than capitalized.

IV) There is no way to reconcile the financial statements of non-U.S. firms to GAAP.

Верный

I, II, and III

Задание №149

Common size income statements make it easier to compare firms ____________.

Верный

of different sizes

Задание №150

Common size balance sheets make it easier to compare firms ____________.

Верный

of different sizes

Задание №151

Consider the following working capital information for Full House Corporation:

Year2003 2004

Accounts Receivable$ 0 $100

Inventory $100 $100

Accounts Payable $ 0 $ 50

What was the effect on free cash flow for the firm this past year?

Верный

Decrease of $50

Задание №152

A firm reports a current ratio of 2 and a quick ratio of 1.2. The firm has total current assets of $4,000.

If the firm reports cost of goods sold at $25,000 for the given year, what is the average age of their inventory?

Верный

Задание №129	Which of the following accounts is expected to present a debit balance?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Средний
Верный	Financial interest
Неверный	Bank borrowing
Неверный	Financial income
Неверный	Bank overdrafts
Неверный	None of the above

Задание №130	What is the final stage of the accounting process?
Раздел	Merchandise inventory
Тема	Merchandise inventory
Сложность	Минимальный
Верный	Financial statement
Неверный	Ledger
Неверный	Trial balance
Неверный	Journal
Неверный	None of the above

Задание №131	Which principle specifies that cost or expenses should be recorded at the same time as the revenue to which they correspond?
Раздел	Accounting principles and end-of-period adjustments
Тема	Accounting principles and end-of-period adjustments
Сложность	Минимальный
Верный	Matching principle
Неверный	Prudence principle
Неверный	Going concern principle
Неверный	Consistency principle
Неверный	None of the above

Задание №132	Which measurement basis is most commonly used by enterprises to prepare the financial statements because it is the one that requires the fewest hypotheses?
Раздел	Accounting principles and end-of-period adjustments
Тема	Accounting principles and end-of-period adjustments
Сложность	Минимальный
Верный	Historical cost
Неверный	Realizable value
Неверный	Replacement cost
Неверный	Present value
Неверный	None of the above

Задание №133	A business owes a supplier 500 CU and simultaneously has a claim on that very supplier for the same amount. What should be reported in the balance sheet?
Раздел	Accounting principles and end-of-period adjustments
Тема	Accounting principles and end-of-period adjustments
Сложность	Минимальный
Верный	A balance of 500 CU on the asset side and a balance of 500 on the liability side
Неверный	Only a balance of 500 CU on the asset side (corresponding to the claim on the supplier)
Неверный	Only a balance of 500 CU on the liability side (corresponding to the debt to the supplier)
Неверный	Only a balance of 600 CU on the liability side (corresponding to the debt to the supplier)
Неверный	Nothing

Задание №134	Transactions and other events are accounted for and presented in accordance with:
Раздел	Accounting principles and end-of-period adjustments
Тема	Accounting principles and end-of-period adjustments
Сложность	Минимальный
Верный	Their substance and economic reality
Неверный	Their tax impact
Неверный	Their materiality
Неверный	Their legal form
Неверный	Nothing

Задание №135	Which of the following statements is not consistent with the fact that valuation must be made on a prudent basis?
Раздел	Accounting principles and end-of-period adjustments
Тема	Accounting principles and end-of-period adjustments
Сложность	Минимальный
Верный	If necessary, the creation of excessive provisions or the deliberate overstatement of assets is allowed
Неверный	Account must be taken of all depreciation whether the result of the financial year is a loss or a profit
Неверный	Account must be taken of all foreseeable liabilities and potential losses arising in the course of the financial year concerned or of a previous one, even if such liabilities or losses become apparent only between the date of the balance sheet and the date on which it is drawn up
Неверный	Only profits concretely and definitively earned on the balance sheet date may be included
Неверный	None of the above

Задание №136	When will the end-of-period entries be carried out?
Раздел	Accounting principles and end-of-period adjustments
Тема	Accounting principles and end-of-period adjustments
Сложность	Средний
Верный	Every time the books are closed
Неверный	Every time an entry is recorded
Неверный	When the business is liquidated
Неверный	Every time a major event is recognized
Неверный	None of the above

Задание №137	When do revenues affect net income?
Раздел	Accounting principles and end-of-period adjustments
Тема	Accounting principles and end-of-period adjustments
Сложность	Минимальный
Верный	In the period during which they are earned
Неверный	In the period in which their cash equivalent is collected
Неверный	Both a and b
Неверный	Neither a nor b
Неверный	None of the above

Задание №138	Interest revenue on a loan granted to an employee becomes due on the anniversary of the loan, 31 March. The annual interest on the loan is 120 CU. How much is recorded in the income statement as of 31 December?
Раздел	Accounting principles and end-of-period adjustments
Тема	Accounting principles and end-of-period adjustments
Сложность	Минимальный
Верный	90
Неверный	60
Неверный	58
Неверный	98
Неверный	89

Задание №139	What effect does the end-of-period entry recognizing periodic depreciation have on the basic accounting equation?
Раздел	Accounting principles and end-of-period adjustments
Тема	Accounting principles and end-of-period adjustments
Сложность	Средний
Верный	Decrease in assets, decrease in shareholders’ equity
Неверный	Decrease in assets, increase in liabilities
Неверный	Decrease in assets, increase in shareholders’ equity
Неверный	Decrease in assets, decrease in liabilities
Неверный	None of the above

Задание №140	Which of the following conditions is not required to be satisfied to recognize revenue from the sale of goods?
Раздел	Revenue recognition issues
Тема	Revenue recognition issues
Сложность	Минимальный
Верный	The cash corresponding to the sale of goods has been collected
Неверный	The enterprise has transferred to the buyer the significant risks and rewards of ownership of the goods
Неверный	The enterprise retains neither continuing managerial involvement to the degree usually associated with ownership, nor effective control over the goods sold
Неверный	The amount of revenue can be measured reliably
Неверный	None of the above

Задание №141	Which of the following conditions does not need to be satisfied in order to reliably estimate the outcome of a transaction?
Раздел	Revenue recognition issues
Тема	Revenue recognition issues
Сложность	Минимальный
Верный	The cash corresponding to the transaction has been collected
Неверный	The costs incurred for the transaction and the costs to complete the transaction can be measured reliably
Неверный	The stage or percentage of completion of the transaction on the balance sheet date can be measured reliably
Неверный	The amount of revenue that will be obtained upon completion can be measured reliably
Неверный	None of the above

Задание №142	When the outcome of a transaction cannot be estimated reliably, and it is not probable that the costs incurred will be recovered, revenue should not be recognized, and the costs incurred should be recognized immediately as an expense. Which accounting principle is put into practice in this case?
Раздел	Revenue recognition issues
Тема	Revenue recognition issues
Сложность	Средний
Верный	Principle of prudence
Неверный	Accrual principle
Неверный	Going concern principle
Неверный	Matching principle
Неверный	All of the above

Задание №143	Dividends should be recognized when the shareholders’ right to receive payment is established. This takes place:
Раздел	Revenue recognition issues
Тема	Revenue recognition issues
Сложность	Средний
Верный	When the decision to distribute dividends is made in the shareholders’ general meeting
Неверный	When the board of directors decide to distribute dividends
Неверный	When the business is liquidated
Неверный	When the books are closed
Неверный	All of the above

Задание №144	Which of the following statements is false?
Раздел	Revenue recognition issues
Тема	Revenue recognition issues
Сложность	Средний
Верный	Permanent differences are linked to the differences in the timing of revenue and expense recognition between accounting and tax rules
Неверный	Permanent differences have no future tax consequences
Неверный	In case of permanent differences, the accounting and tax approaches give the same after-tax income
Неверный	Permanent differences do not reverse themselves over time
Неверный	None of the above

Задание №145	In some countries, a latent gain on marketable securities is taxable in the period incurred, but is reported under financial accounting only at the time of the sale. What will be generated by this temporary difference?
Раздел	Revenue recognition issues
Тема	Revenue recognition issues
Сложность	Средний
Верный	Deferred tax revenue
Неверный	Deferred tax liability
Неверный	Deferred tax asset
Неверный	Deferred tax expense
Неверный	All of the above

Задание №146	Taxes payable accounting consists in ignoring a temporary difference; it recognizes income tax expense in the financial statements for shareholders as identical to the income tax payable. There is no link between the tax recognized and the triggering event and thus this principle is in opposition to the ______
Раздел	Revenue recognition issues
Тема	Revenue recognition issues
Сложность	Средний
Верный	Matching principle
Неверный	Going concern principle
Неверный	Accrual principle
Неверный	Principle of prudence
Неверный	None of the above

Задание №147	The “completed contract method” and the “percentage of completion method” are both used for the recognition of income pertaining to a long-term contract. When do these methods imply that potential losses on a contract are recognized?
Раздел	Revenue recognition issues
Тема	Revenue recognition issues
Сложность	Средний
Верный	As soon as they can be legitimately established
Неверный	At the end of the contract
Неверный	When they incurred
Неверный	All of the above
Неверный	None of the above

Задание №148	Which of the following items is not an intangible asset?
Раздел	Intangible assets
Тема	Intangible assets
Сложность	Минимальный
Верный	Land
Неверный	Patent
Неверный	Copyright
Неверный	Trademark
Неверный	None of the above

Задание №149	Intangible assets are usually divided into which three categories?
Раздел	Intangible assets
Тема	Intangible assets
Сложность	Минимальный
Верный	Research and development, goodwill and other intangible assets
Неверный	Software, goodwill and other intangible assets
Неверный	Purchased intangible assets, internally generated intangible assets and goodwill
Неверный	Patents, trademarks and copyrights
Неверный	All of the above

Задание №150	Intangible assets are usually divided into which three categories?
Раздел	Intangible assets
Тема	Intangible assets
Сложность	Минимальный
Верный	Research and development, goodwill and other intangible assets
Неверный	Software, goodwill and other intangible assets
Неверный	Patents, trademarks and copyrights
Неверный	Purchased intangible assets, internally generated intangible assets and goodwill
Неверный	All of the above

Задание №151	Which of the following statements is false?
Раздел	Intangible assets
Тема	Intangible assets
Сложность	Средний
Верный	If recorded as intangible assets, organization costs are not amortized
Неверный	Organization costs include incorporation fees, legal fees, underwriting fees, accounting fees, and promotional fees
Неверный	Organization costs are also called incorporation costs or set-up costs
Неверный	Organization costs are the costs incurred during the process of establishing or incorporating a business
Неверный	None of the above

Задание №152	What is the process called, where costs of an intangible asset are allocated over its useful life?
Раздел	Intangible assets
Тема	Intangible assets
Сложность	Минимальный
Верный	Amortization
Неверный	Impairment
Неверный	Depletion
Неверный	Depreciation
Неверный	All of the above

Задание №153	Which of the following methods is not used to report changes in value of intangible assets?
Раздел	Intangible assets
Тема	Intangible assets
Сложность	Минимальный
Верный	Capitalization
Неверный	Impairment
Неверный	Depletion
Неверный	Depreciation
Неверный	Amortization

Задание №154	Which of the following statements is correct?
Раздел	Intangible assets
Тема	Intangible assets
Сложность	Минимальный
Верный	Countries that have not officially adopted a rule on impairment generally have some form of an equivalent concept
Неверный	Impairment is a systematic allocation of the cost of intangible assets
Неверный	Impairment is specific to intangible assets
Неверный	Amortization and impairment are exclusive concepts
Неверный	None of the above

Задание №155	Many users of financial statements see capitalization of R&D as a grave violation of which principle?
Раздел	Intangible assets
Тема	Intangible assets
Сложность	Минимальный
Верный	Prudence principle
Неверный	Going concern principle
Неверный	Matching principle
Неверный	Accrual principle
Неверный	Revenue principle

Задание №156	In what way(s) can costs be reported in the accounting treatment of internally developed software for use by the developing firm itself?
Раздел	Intangible assets
Тема	Intangible assets
Сложность	Средний
Верный	Only certain costs, such as costs of design, coding, testing, documentation, training materials, are capitalized as intangible asset
Неверный	Expensed
Неверный	Totally capitalized as intangible asset if amount is material
Неверный	Expensed as a part of purchases of merchandise or of cost of goods sold
Неверный	Revenue as a part of purchases of merchandise or of cost of goods sold

Задание №157	What is the principal criterion used to distinguish between tangible assets and inventories?
Раздел	Tangible fixed assets
Тема	Tangible fixed assets
Сложность	Минимальный
Верный	The nature of the company’s activity, which determines the purpose for which the asset is held
Неверный	The moment in the accounting period when the asset is acquired
Неверный	The acquisition cost of the asset
Неверный	The physical substance of the asset
Неверный	The physical substance of the equity

Задание №158	What is the acquisition cost of an asset given the following items: Purchase price 100 Import duties 10 Transportation 15 Installation cost 7 Professional fees 2
Раздел	Tangible fixed assets
Тема	Tangible fixed assets
Сложность	Минимальный
Верный	134
Неверный	126
Неверный	154
Неверный	109
Неверный	130

Задание №159	what is “the systematic allocation of the depreciable [cost] of an asset over its useful life”?
Раздел	Tangible fixed assets
Тема	Tangible fixed assets
Сложность	Минимальный
Верный	Depreciation
Неверный	Write-off
Неверный	Write-down
Неверный	Impairment
Неверный	None of the above

Задание №160	The choice of the appropriate depreciation method should be made so as to:
Раздел	Tangible fixed assets
Тема	Tangible fixed assets
Сложность	Минимальный
Верный	Best reflect the pattern of decline in the asset’s service potential
Неверный	Facilitate the computation of the depreciation expense by the accountants
Неверный	Reduce the depreciation expense when the enterprise reports a loss
Неверный	All of the above
Неверный	None of the above

Задание №161	What happens when the book value has reached the residual value?
Раздел	Tangible fixed assets
Тема	Tangible fixed assets
Сложность	Средний
Верный	The asset might not be taken out of service if it is still reliable and useful and will be carried in the balance sheet for a book value equal to the residual value
Неверный	The asset is systematically disposed of
Неверный	The asset will no longer be reported in the balance sheet
Неверный	All of the above
Неверный	None of the above

Задание №162	How are tangible assets, which were created or developed internally, valued?
Раздел	Tangible fixed assets
Тема	Tangible fixed assets
Сложность	Минимальный
Верный	At their historical cost
Неверный	At their present cost
Неверный	At their liquidation cost
Неверный	At their replacement cost
Неверный	At their estimated cost

Задание №163	Which of the following statements is false?
Раздел	Tangible fixed assets
Тема	Tangible fixed assets
Сложность	Минимальный
Верный	An impairment loss cannot be reversed
Неверный	Practice and regulation regarding impairment have varied over time and between countries in the world
Неверный	In practice, tests for impairment are very difficult to implement
Неверный	If the fair market value of a tangible asset is less than its book value, such asset should be written down and a loss recognized as an “impairment loss” expense
Неверный	None of the above

Задание №164	How is depreciation recorded when an asset is sold during the accounting period?
Раздел	Tangible fixed assets
Тема	Tangible fixed assets
Сложность	Средний
Верный	Depreciation must be recorded for the period of time between the date of the last depreciation entry (end of the previous accounting period) and the date of sale
Неверный	Depreciation is not recorded
Неверный	Depreciation must be recorded for the whole accounting period
Неверный	All of the above
Неверный	None of the above

Задание №165	Inventories are assets:
Раздел	Inventories
Тема	Inventories
Сложность	Средний
Верный	All answers are correct
Неверный	In the form of materials or supplies to be consumed in the production process or in the rendering of services
Неверный	In the process of production for sale in the ordinary course of business
Неверный	Held for sale in the ordinary course of business
Неверный	Held for sale in the business

Задание №166	Which of the following items can only constitute a work-in-progress inventory?
Раздел	Inventories
Тема	Inventories
Сложность	Средний
Верный	Services
Неверный	Raw materials
Неверный	Merchandise
Неверный	Finished goods
Неверный	All of the above

Задание №167	In practice, what are the two methods for recording inventory movements?
Раздел	Inventories
Тема	Inventories
Сложность	Средний
Верный	Perpetual and periodic inventory systems
Неверный	Daily and annual inventory systems
Неверный	Commercial and manufacturing inventory systems
Неверный	Continuous and discontinuous inventory systems
Неверный	All of the above

Задание №168	Under a perpetual inventory system, a continuous recording of changes in inventory is maintained in the inventory account. How are purchases recorded?
Раздел	Inventories
Тема	Inventories
Сложность	Средний
Верный	As increases of the inventory assets in the balance sheet
Неверный	As decreases of the provision for depreciation of inventories in the balance sheet
Неверный	As increases of the provision for depreciation of inventories in the balance sheet
Неверный	As decreases of the inventory assets in the balance sheet
Неверный	As increases of the inventory assets in the T-balance

Задание №169	In an income statement organized by nature, how is the change in inventory on the revenue side computed?
Раздел	Inventories
Тема	Inventories
Сложность	Средний
Верный	Ending inventory – Beginning inventory
Неверный	(Beginning inventory + Ending inventory)/2
Неверный	Beginning inventory + Ending inventory
Неверный	Beginning inventory – Ending inventory
Неверный	(Beginning inventory + Ending inventory)/3

Задание №170	Which procedure is applied when goods withdrawn are valued batch by batch in the reverse order from the one they followed when entering inventory?
Раздел	Inventories
Тема	Inventories
Сложность	Средний
Верный	Last-In, First-Out
Неверный	First-Out, First-In
Неверный	Weighted average cost method
Неверный	First-In, First-Out
Неверный	Last-In, Last-Out

Задание №171	In order to use LIFO, FIFO or weighted average costs method, the products must be:
Раздел	Inventories
Тема	Inventories
Сложность	Средний
Верный	Fungible to some degree
Неверный	Small
Неверный	Valuable
Неверный	Available for sale
Неверный	All of the above

Задание №172	Capital can be provided in the form(s) of:
Раздел	Shareholders’ equity
Тема	Shareholders’ equity
Сложность	Минимальный
Верный	All answers are correct
Неверный	Contribution of intellectual property
Неверный	Contribution of tangible assets
Неверный	Cash contributions
Неверный	Contribution of intangible

Задание №173	The IASB defines equity as the _________ interest of the investors in the assets of the enterprise after deducting all its liabilities.
Раздел	Shareholders’ equity
Тема	Shareholders’ equity
Сложность	Средний
Верный	Residual
Неверный	Immaterial
Неверный	Insignificant
Неверный	Financial
Неверный	Manaferial

Задание №174	Which of the following is not a generic and alternative legal form of organization with capital provider(s)?
Раздел	Shareholders’ equity
Тема	Shareholders’ equity
Сложность	Средний
Верный	Association
Неверный	Partnership
Неверный	Limited company
Неверный	Sole proprietorship
Неверный	None of the above

Задание №175	Which of the following items is not a sub-category of shareholders’ equity?
Раздел	Shareholders’ equity
Тема	Shareholders’ equity
Сложность	Средний
Верный	Dividends payable
Неверный	Share premium
Неверный	Retained earnings
Неверный	Share capital
Неверный	All of the above

Задание №176	Which of the following is defined as: “The part of the capital that has been actually contributed by the shareholders and is available to the corporation”?
Раздел	Shareholders’ equity
Тема	Shareholders’ equity
Сложность	Средний
Верный	Paid-in capital
Неверный	Authorized capital
Неверный	Subscribed capital
Неверный	Uncalled capital
Неверный	All of the above

Задание №177	What type of shares carry special rights?
Раздел	Shareholders’ equity
Тема	Shareholders’ equity
Сложность	Средний
Верный	Preferred shares
Неверный	Special shares
Неверный	Right shares
Неверный	Ordinary shares
Неверный	All of the above

Задание №178	Which of the following equations is correct?
Раздел	Shareholders’ equity
Тема	Shareholders’ equity
Сложность	Средний
Верный	Share premium = Issue price – Par value
Неверный	Share premium = Issue price/Par value
Неверный	Share premium = Issue price x Par value
Неверный	Share premium = Issue price + Par value
Неверный	None of the above

Задание №179	How is the market to book ratio calculated?
Раздел	Shareholders’ equity
Тема	Shareholders’ equity
Сложность	Средний
Верный	Market price per share/Book value per share
Неверный	Book value per share x Number of shares
Неверный	Market price per share x Book value per share
Неверный	Book value per share/ Market price per share
Неверный	All of the above

Задание №180	With which accounting principle is the capitalization of finance leases in conformity?
Раздел	Liabilities and provisions
Тема	Liabilities and provisions
Сложность	Средний
Верный	Principle of “substance over form”
Неверный	Principle of prudence
Неверный	Matchuing principle
Неверный	Accrual principle
Неверный	All of the above

Задание №181	The financing need is equal to:
Раздел	Liabilities and provisions
Тема	Liabilities and provisions
Сложность	Средний
Верный	Fixed assets + Current assets – Current liabilities
Неверный	Fixed assets + Current assets + Current liabilities
Неверный	Fixed assets – Current assets – Current liabilities
Неверный	Fixed assets – Current assets + Current liabilities
Неверный	Fixed assets – Current assets / Current liabilities

Задание №182	Accruals are often reported as part of:
Раздел	Liabilities and provisions
Тема	Liabilities and provisions
Сложность	Средний
Верный	Trade and other payables
Неверный	Contingent liabilities
Неверный	Long-term debts
Неверный	Provisions
Неверный	Assets

Задание №183	If there is no reasonable certainty that the lessee will obtain ownership by the end of the lease term, the asset should be fully depreciated over:
Раздел	Liabilities and provisions
Тема	Liabilities and provisions
Сложность	Сложный
Верный	The shorter of the lease term or its useful life.
Неверный	Its useful life
Неверный	The lease term
Неверный	5 years
Неверный	25 years

Задание №184	Accounting for post-employment benefits will depend on which of the following important distinctions being made regarding the nature of the benefit plan:
Раздел	Liabilities and provisions
Тема	Liabilities and provisions
Сложность	Средний
Верный	Defined contribution plans or defined benefit plans
Неверный	Pension plans or medical care plans
Неверный	Mutual plans or individual plans
Неверный	Defined input plans or defined output plans
Неверный	All of the above

Задание №185	Which ratio is used to evaluate the likely capability of the firm to face its interest obligation?
Раздел	Liabilities and provisions
Тема	Liabilities and provisions
Сложность	Средний
Верный	Interest coverage ratio = Operating income (before interest expense and income taxes)/Interest expense
Неверный	Debt ratio = Total debt/Total assets
Неверный	Debt to equity ratio = Debt/Shareholders’ equity
Неверный	Long-term debt to equity ratio = Long-term debt/Shareholders’ equity
Неверный	All of the above

Задание №186	Prepaid rent given in the T-balance will be treated as:
Раздел	Introduction to financial statements
Тема	Introduction to financial statements
Сложность	Минимальный
Верный	Asset
Неверный	Liability
Неверный	Revenue
Неверный	Equity
Неверный	Deferred expense

Задание №187	Any expense that gives benefit for a period of less than twelve months is called ________.
Раздел	Introduction to financial statements
Тема	Introduction to financial statements
Сложность	Минимальный
Верный	Revenue Expense
Неверный	Revenue Receipt
Неверный	Deferred Expense
Неверный	Capital Expense
Неверный	Cash

Задание №188	Which one of the following is an example of expenditure which, although included within the profit and loss account, might be disallowable for taxation purposes?
Раздел	Accounting principles and end-of-period adjustments
Тема	Accounting principles and end-of-period adjustments
Сложность	Сложный
Верный	Speeding fines relating to delivery vehicles
Неверный	Repairs to delivery vehicles
Неверный	Fuel for delivery vehicles
Неверный	Insurance for delivery vehicles
Неверный	None of the above

Задание №189	Gross profit is:
Раздел	Introduction to financial statements
Тема	Introduction to financial statements
Сложность	Минимальный
Верный	Excess of sales over cost of goods sold
Неверный	Cost of goods sold + Opening stock
Неверный	Net profit less expenses of the period.
Неверный	Sales less Purchases
Неверный	Sales less cash

Задание №190	Net profit is calculated in the:
Раздел	Introduction to financial statements
Тема	Introduction to financial statements
Сложность	Минимальный
Верный	Profit and loss account
Неверный	Trading account
Неверный	Balance sheet
Неверный	Trial balance
Неверный	All of the above

Задание №191	If Assets = Rs 99,500 and Owner’s equity = Rs 50,500 then Liabilities = ?
Раздел	Introduction to financial statements
Тема	Introduction to financial statements
Сложность	Минимальный
Верный	Rs 49,000
Неверный	Rs 55,000
Неверный	Rs 115,700
Неверный	Rs 125,000
Неверный	Rs 56,ooo

Задание №192	Money spent to acquire or upgrade physical assets is known as:
Раздел	Introduction to financial statements
Тема	Introduction to financial statements
Сложность	Минимальный
Верный	Capital Expense
Неверный	Administrative Expense
Неверный	Operating Expense
Неверный	Revenue Expense
Неверный	All of the above

Задание №193	What will be debited, if Mohsin commenced business with cash?
Раздел	Introduction to financial statements
Тема	Introduction to financial statements
Сложность	Минимальный
Верный	Cash account
Неверный	Capital account
Неверный	Drawings account
Неверный	Proprietor account
Неверный	Revenue Expense

Задание №194	Which one of the following most closely defines ‘Amortization’?
Раздел	Plant assets
Тема	Plant assets
Сложность	Минимальный
Верный	The depreciation of intangible fixed assets
Неверный	The revaluation of land and buildings
Неверный	The depreciation of current assets
Неверный	The depreciation of tangible fixed assets
Неверный	The depreciation of natural resources

Задание №195	Which one of the following most closely defines ‘Goodwill’?
Раздел	Plant assets
Тема	Plant assets
Сложность	Минимальный
Верный	The difference between the cost of an investment in a business and the value of the net assets acquired in that business
Неверный	The payment made to purchase a business from its existing owner
Неверный	The amount received by a busThe difference between what the owner thinks the business is worth and the actual value of the business’s fixed assetsiness owner when selling that business
Неверный	All of the above
Неверный	None of the above

Задание №196	PBIT stands for:
Раздел	Plant assets
Тема	Plant assets
Сложность	Минимальный
Верный	profit before interest and taxation
Неверный	profit before income and taxation
Неверный	profit before income and turnover
Неверный	profit before interest and turnover
Неверный	None of the above

Задание №197	When a company sells its shares to the public for the first time, this is known as an IPO. What does IPO stand for?
Раздел	The balance sheet: capital and reserves
Тема	The balance sheet: capital and reserves
Сложность	Сложный
Верный	Initial Public Offering
Неверный	International Purchase Order
Неверный	Internal Public Offer
Неверный	International Purchase Offer
Неверный	None of the above

Задание №198	If a share sale is underwritten, this means that:
Раздел	The balance sheet: capital and reserves
Тема	The balance sheet: capital and reserves
Сложность	Средний
Верный	shares not bought by the public will be bought by underwriters.
Неверный	the public have offered less than the company’s selling price for the shares
Неверный	the shares are being sold at less than their nominal value
Неверный	the shares are being sold too cheaply
Неверный	None of the above

Задание №199	What is the significance of a preference share being described as cumulative?
Раздел	The balance sheet: capital and reserves
Тема	The balance sheet: capital and reserves
Сложность	Средний
Верный	If the company can’t afford to pay a dividend one year, the missed dividend can be paid out of future years’ profits
Неверный	Dividends will always be paid on such shares
Неверный	Each year, the dividend per share increases
Неверный	The dividends will always be greater than those paid on the ordinary shares
Неверный	None of the above

Задание №200	Shares ‘bought back’ by a company are referred to on a balance sheet as:
Раздел	The balance sheet: capital and reserves
Тема	The balance sheet: capital and reserves
Сложность	Средний
Верный	treasury shareconverted shares.converted shares.s
Неверный	options
Неверный	buy-back shares
Неверный	converted shares
Неверный	None of the above

Задание №201	If a company has redeemed part of its share capital, and has not at the same time replaced the shares by a new issue, it must transfer distributable reserves into:
Раздел	The balance sheet: capital and reserves
Тема	The balance sheet: capital and reserves
Сложность	Средний
Верный	capital redemption reserve
Неверный	an asset revaluation reserve
Неверный	share premium account
Неверный	profit and loss account
Неверный	None of the above

Задание №202	The role of an auditor is to:
Раздел	The annual report
Тема	The annual report
Сложность	Средний
Верный	report to the shareholders whether the financial statements show a ‘true and fair view
Неверный	make it impossible for fraud to take place
Неверный	report to the directors whether the financial statements show a ‘true and fair view’
Неверный	check every financial transaction
Неверный	None of the above

Задание №203	A statutory audit is performed by:
Раздел	The annual report
Тема	The annual report
Сложность	Средний
Верный	an independent qualified accountant or firm of accountants
Неверный	a qualified accountant employed by the company being audited
Неверный	the financial director of the company being audited
Неверный	an official appointed by the government
Неверный	None of the above

Задание №204	Which one of the following statements is not contained within a published annual report?
Раздел	The annual report
Тема	The annual report
Сложность	Средний
Верный	Internal auditor’s report
Неверный	Profit and loss account
Неверный	Cash flow statement
Неверный	Balance sheet
Неверный	None of the above

Задание №205	‘Financial highlights’ provided by companies should be viewed with caution because:
Раздел	The annual report
Тема	The annual report
Сложность	Средний
Верный	they give too much information
Неверный	they cover too long a period
Неверный	they are not audited
Неверный	they are always inaccurate
Неверный	None of the above

Задание №206	Income summary shows the amount of ________
Раздел	Completing the Accounting Cycle
Тема	Completing the Accounting Cycle
Сложность	Минимальный
Верный	Net income or net loss of the current period
Неверный	Current liabilities
Неверный	Plant assets
Неверный	Cash
Неверный	Ending capital

Задание №207	Income summary balance transferred (closed) to the ________
Раздел	Completing the Accounting Cycle
Тема	Completing the Accounting Cycle
Сложность	Минимальный
Верный	Capital account
Неверный	Withdrawals
Неверный	Expenses
Неверный	Revenue
Неверный	Total assets

Задание №208	Drawing balance transferred (closed) to the ________
Раздел	Completing the Accounting Cycle
Тема	Completing the Accounting Cycle
Сложность	Минимальный
Верный	Capital account
Неверный	Total cash
Неверный	Expenses
Неверный	Revenue
Неверный	Total assets

Задание №209	The accounting cycle can end with a ________
Раздел	Completing the Accounting Cycle
Тема	Completing the Accounting Cycle
Сложность	Минимальный
Верный	Post-closing trial balance
Неверный	Post-closing balance sheet
Неверный	Adjusted trial balance
Неверный	Post-closing income statement
Неверный	Unadjusted trial balance

Задание №210	Liquidity measures how quickly and easily an account can be converted to_______, because ________is the most liquid asset.
Раздел	Completing the Accounting Cycle
Тема	Completing the Accounting Cycle
Сложность	Минимальный
Верный	Cash, cash
Неверный	Cash, Accounts receivable
Неверный	Revenue, expense
Неверный	Cash, revenue
Неверный	Accounts receivable, cash

Задание №211	The debt ratio measures an organization’s overall ability to pay its total liabilities (debt). The debt ratio is computed as follows:
Раздел	Completing the Accounting Cycle
Тема	Completing the Accounting Cycle
Сложность	Минимальный
Верный	Total liabilities / Total assets
Неверный	Total assets / Total liabilities
Неверный	Total assets / Cash
Неверный	Cash / Total liabilities
Неверный	Revenues — Expenses

Задание №212	The current ratio measures the company’s ability to pay current liabilities with current assets. The current ratio is computed as follows:
Раздел	Completing the Accounting Cycle
Тема	Completing the Accounting Cycle
Сложность	Минимальный
Верный	Total current assets / Total current liabilities
Неверный	Total current liabilities / Total current assets
Неверный	Cash / Total current liabilities
Неверный	Total current assets / Cash
Неверный	None of the above

Задание №213	Only _____________________appear on the post-closing trial balance.
Раздел	Completing the Accounting Cycle
Тема	Completing the Accounting Cycle
Сложность	Минимальный
Верный	assets, liabilities, and capital accounts
Неверный	assets, liabilities, and expenses
Неверный	assets, liabilities, and revenues
Неверный	Temporary accounts
Неверный	None of the above

Задание №214	Users of financial reports include all of the following except
Раздел	Financial statement
Тема	Introduce an accounting
Сложность	Средний
Верный	All of these are users
Неверный	creditors
Неверный	government agencies
Неверный	unions
Неверный	investors

Задание №215	The role of the Securities and Exchange Commission in the formulation of accounting principles can be best described as
Раздел	Introduce of Accounting
Тема	SEC
Сложность	Средний
Верный	sometimes primary and sometimes secondary
Неверный	non-existent
Неверный	consistently secondary
Неверный	non-exist
Неверный	consistently primary

Задание №216	The most significant current source of generally accepted accounting principles is the
Раздел	Introduce of Accounting
Тема	Agencies
Сложность	Средний
Верный	FASB
Неверный	APB
Неверный	AICPA
Неверный	GAAP
Неверный	SEC

23.36 days

Задание 1What is the enterprise?

ВерныйCompany — an independent economic entity that produces products, goods and services, dealing with different economic activities .

Задание 2What is meant by the Foundation for the Armed labor

ВерныйThis is the ratio of the value of fixed assets of the company to the average annual payroll number of workers.

Задание 3What are the prices of the most common in the market conditions?

ВерныйTreaty

Задание 4When the earth is a mean of production?

ВерныйWhen the earth with its physical , chemical and biological properties effects on the plants

Задание 5What does the specialization of production mean?

ВерныйThis is a form of social division of labor.

Задание 6What is the economic mechanism of management ?

ВерныйThe system of economic means, forms and methods of influence on the material interest of workers.

Задание 7How is the level of mechanization of certain types of work in the enterprise ?

ВерныйRatio of work performed mechanically to the total volume of works .

Задание 8What is the cost of production

ВерныйThis is the amount of live and labor in the production of public goods.

Задание 9What is the profit?

ВерныйThis is part of the realized net income.

Задание 10What must be understood by the infrastructure ?

РазделEnterprise economics for Economics students

Верный It is a system designed to create industry conditions for the normal functioning of the production and circulation of commodities .

Задание 11What is labor?

ВерныйThis is a purposeful human activity .

Задание 12What is productivity?

Верный It is the ability of concrete labor to produce a certain amount of use value in the unit of time .

Задание 13What is the restructuring of the company ?

ВерныйThis is a change in the structure of the enterprise.

Задание 14What is a corporation ?

ВерныйThis is a union of several individuals , several businesses that form its capital through the issuance and sale of shares.

Задание 15The complexity of the product is determined as:

ВерныйThe ratio of labor input to output.

Задание 16The concentration of production is :

ВерныйOne of the forms of social division of labor and its organization.

Задание 17Vertical integration is :

ВерныйCollaborate enterprise for production, processing and sales.

Задание 18What is meant by the concept of entrepreneurship ?

ВерныйThis is an independent activity of people and their communities at their own risk and on their own financial responsibility .

Задание 19Business is :

ВерныйEntrepreneurial economic activity is carried out at his own expense at their own risk and on their own financial responsibility .

Задание 20Innovation is :

ВерныйInvestment in the economy , providing a change of Engineering and Technology .

Задание 21What is the quality of the product ?

ВерныйThis is a collection of properties of the product resulting in their ability to meet customer demand .

Задание 22Net income is :

ВерныйThe surplus value created by surplus labor.

Задание 23What is a cooperative ?

ВерныйForm of joint or mutually agreed production.

Задание 24What is the rent?

ВерныйThis is loaning of property in accordance with the contract for a fee.

Задание 25What is an annuity ?

ВерныйReceiving regular annual income from capital, land , property (the lease ) .

Задание 26What is the main task of the company?

ВерныйMeeting the needs of the market in order to get profit

Задание 27The most common property shape of the enterprise?

ВерныйCollective .

Задание 28The main document regulating the activity of the company is :

ВерныйThe Law of Kazakhstan «On private enterprise»

Задание 29What is the main concept of business management :

ВерныйMarket

Задание 30The most common types of organizational structures of enterprise management are:

ВерныйLine -staff

Задание 31Economic methods of management of the enterprise include:

ВерныйPricing

Задание 32The main tool of management of the company:

РазделEnterprise economics for Economics students

ВерныйMarket

Задание 33Types of organizational management structures is :

ВерныйLinear organizational structure .

Задание 34The input to the development of a business plan is to :

ВерныйFinance , Production and demand for the product

Задание 35Plant personnel — is:

ВерныйPermanent workers who have received appropriate training and have the practical experience and skills in the work .

Задание 36Profession is characterized by:

ВерныйThe set of specific theoretical knowledge and practical skills for a particular type of employment.

Задание 37Qualification — is:

ВерныйThe set of social and practical skills that define the trained workers to perform professional functions of a certain complexity .

Задание 38Workforce attendance number includes :

ВерныйAll the workers who came to work.

Задание 39The average number of employees for the month is determined by:

ВерныйBy summing the list of representatives of workers for all days of the month and dividing by the number of calendar days in the month.

Задание 40The personnel policy of the company — is:

ВерныйSystem activities to ensure each workplace personnel in this profession , specialty and qualifications.

Задание 41External sources of recruitment are:

ВерныйThe regional labor exchanges and contracts with educational institutions .

Задание 42Planned number of key employees is determined by:

ВерныйLabor-intensive production program and standards of service and production .

Задание 43Which of the assets of the enterprise should be classified as non-productive :

ВерныйMedical Equipment health center enterprise.

Задание 44The initial cost of the total fixed assets — is:

ВерныйThe cost of fixed assets at the time of the purchase and taking the balance .

Задание 45The actual depreciation of fixed assets can be defined as :

ВерныйLoss of fixed assets of its value in use.

Задание 46Accounting for fixed assets is carried out in the following forms:

ВерныйCost .

Задание 47Which of these elements call those that relate to the сompany ‘s revolving fund :

ВерныйFinished goods to the warehouses of the company.

Задание 48To fund the treatment include:

ВерныйAssets ready to sales and cash flows.

Задание 49Floating assets — is:

ВерныйThe sum of working capital funds and circulation enterprises .

Задание 50Indicators of turnover of working capital are:

ВерныйTurnover ratio .

Задание 51Duration of one revolution of the working capital shows

ВерныйDuration of one revolution of the working capital in days.

Задание 52The financial resources of the enterprise — is:

ВерныйFunds directed to expenses , the costs for the expanded reproduction and meet financial obligations.

Задание 53External funding — this means that

ВерныйIs invested by foreign nationals or companies.

Задание 54In accordance with domestic law, the term investment understand :

ВерныйThe collection of all types of property and intellectual property , which is embedded in the object of business for profit or achieving social effect.

Задание 55Scroll to the number of listed real mainstream investments

ВерныйConstruction of a new administrative building of the company.

Задание 56Net investment ( capital ) of the enterprise — is:

ВерныйThe difference between the gross investment and depreciation of the enterprise.

Задание 57The sources of investment from its own funds may be:

ВерныйPart of the retained earnings and depreciation of the enterprise.

Задание 58Sources of investments with borrowed funds may be:

ВерныйContributions of joint stock companies and mutual contributions of members of labor collectives.

Задание 59The discount rate is characterized by:

ВерныйRate of return on your investment .

Задание 60Product quality as an economic category is characterized by:

ВерныйThe set of product characteristics that determine its ability to meet the specific needs of consumers.

Задание 61The quality of the product depends on :

ВерныйPrice of the 1 Hz output.

Задание 62Competitiveness of production — is a characteristic of the goods, which reflects:

ВерныйAdvantages over competing products to meet the specific needs and the costs of their software.

Задание 63The standardization of products — is:

Верный Complex regulations , requirements and rules that reflect the quality of products.

Задание 64What are the most precise and complete definition of the term «wage»:

ВерныйThe value of the cost of labor , which is paid for work performed or services provided.

Задание 65Nominal wages — is:

ВерныйThe amount of money earned by the employee for work performed.

Задание 66Real wages can be defined as :

ВерныйNominal wages adjusted for inflation rate in a given period.

Задание 67Commercial production costs include:

ВерныйCost of production and its implementation.

Задание 68Price — is:

ВерныйSet the cost of its production and sales. Form of expression of the value of goods , which is manifested in the course of their exchange.

Задание 69Retail prices — this is the price at which :

ВерныйPopulation purchases goods and products.

Задание 70Of these external factors restructuring include:

Верный The tax policy of the government.

Задание 71Specify the most accurate determination of company reorganization :

Верный A set of measures of technical and economic nature, are designed to address all claims of creditors , increasing the competitiveness and development of new markets .

Задание 72Bankruptcy of the enterprise — is:

ВерныйRecognized by the economic court the debtor’s inability to resume his ability to pay and satisfy the claims of creditors not only through the liquidation procedure .

Задание 73External factors which may cause bankruptcy:

ВерныйUnstable state of the global financial system.

Задание 74The main symptoms of bankruptcy are:

ВерныйTermination of current payments and the systematic violation of the terms of repayment of financial payments.

Задание 75Fictitious bankruptcy — is:

ВерныйKnowingly untruthful announcement of the company’s insolvency the creditors for deferred payment or write-off of debts.

Задание 76A written declaration of bankruptcy , enterprises can provide:

ВерныйState tax authorities .

Задание 77Bankruptcy case is considered closed if:

ВерныйCommercial Court decided to liquidate the entity.

Задание 78Who does not receive the decision of the Commercial Court on liquidation :

ВерныйAntimonopoly Committee .

Задание 79Strategy — is:

Верныйdetermining priorities and ways to implement them in strategic management;

Задание 80Diversification does not anticipate:

Верныйpenetration in areas that are not directly productive links with other areas of activity;

Задание 81Formulating strategic objectives does not anticipate:

Верныйgoal formation in all areas of business, from which it depends for its survival and the success of the organization;

Задание 82Which of the statements regarding the level of corporate diversification strategy of the organization is a mistake:

Верныйprovides control of association activities;

Задание 83Strategy — a system of administrative decisions, which are not included definitions:

Верныйthe scope, forms and methods of the organization in a volatile environment;

Задание 84The most appropriate definition of the strategy of the company is:

Верныйcalculated by the prospect of measures that anticipate the reaction on a change in the environment; .

Задание 85Which strategy foresees the control of the different activities and range of products in general in the enterprise?

ВерныйThe management of a set of industries;

Задание 86Which strategy is aimed at achieving the overall objectives of the company and displays the main directions of development of the enterprise as a whole?

Верныйproductive-market;

Задание 87Which of the presented strategy foresees the exchange of license?

Верныйeconomic expansion;

Задание 88The prerequisites for the use of the term «strategy» in upravlenskoy theory and practice of the company is:

Верныйthe need for a business policy;

Задание 89The specifics of the strategy is:

Верныйthe integrated nature of the strategy;

Задание 90Which strategy is of type function?

Верныйproduction management strategy;

Задание 91What strategies are aimed at achieving specific goals of the company and represent the main directions of its activity?

Верныйstrategy to manage a set of industries;

Задание 92Allocate levels of strategy:

Верныйgrowth strategy, the strategy of limited growth;

Задание 93To what level of enterprise management owns a marketing strategy?

Верныйfunctional;

Задание 94What kind of exit strategy is owned enterprise of the crisis?

Верный A strategy;

Задание 95Business strategy include:

Верныйmanufacturing strategy, marketing strategy;

Задание 96Which strategy is aimed at achieving the overall objectives of the company and reflects the main areas of its development as a whole?

Верныйspecific;

Задание 97The strategy foresees the competition:

Верныйto ensure the competitive position of the enterprise, improving product quality, lower costs of production, specialization;

Задание 98Strategic planning of the company — is:

Верныйthe development of strategies aimed at achieving long-term goals in specific functional areas of the company;

Задание 99Strategic planning — a set of procedures for the implementation of which requires certain conditions:

Верныйdetermining the calendar and planned production standards movement;

Задание 100The main task is the development of the strategy:

Верныйachieving long-term goals, providing competitive advantages and competitive position of the company;

Задание 101Identification of possible ways to achieve long-term goals of the company with the resources available foreseen in the system:

Верныйstrategic planning;

Задание 102The company’s mission — is:

ВерныйThe main objective of the company, which defines its purpose;

Задание 103The mission of the enterprise in general regarded as a treatment:

Верныйverbal expression of the general and specific policies of the enterprise;

Задание 104Verbal expression of the main objectives of the company, which defines the scope of its activities — is:

ВерныйThe motto of the company;

Задание 105The purpose of the company, «display the portion of the market (10%) for the year,» belongs to:

Верныйthe operational objectives;

Задание 106Planning, which is aimed at ensuring stable long-term responsibility between the goals of the enterprise, its internal and market opportunities are:

Верныйstrategic;

Задание 107The similarity of the long-term and strategic planning is as follows:

Верныйformulation of a higher level of performance of the enterprise compared with the achieved level;

Задание 108Main tasks of the organization of strategic planning (in the cases of using the traditional approach) is to:

Верныйinvolvement in the planning process managers and all employees (both linear and functional);

Задание 109Which factors do not influence the choice of one of the approaches to strategic planning for the company?

Верныйcompetitor;

Задание 110The strategic planning process is with these steps:

Верныйa step of goal formation, SWOT-analysis, the immediate development of the strategy;

Задание 111That does not belong to the sphere of determining the strategic goals of the company (by M. Meskon)

Верный trade;

Задание 112A characteristic feature of strategic planning is:

ВерныйThe use of analysis of the internal environment and the external environment of the enterprise as an analytical basis for planning;

Задание 113Identify the major tasks that are used in the strategic planning process:

Верныйthe sharing of resources, mobilization of resources, motivation of staff in relation to the strategic objectives, the choice of optimal strategy;

Задание 114That does not belong to the sphere of determining the strategic goals of the company (by M. Meskon)?

Верныйthe volume of sales for the quarter;

Задание 115To determine which area belongs to the strategic goal for the company employees to build the recreation center on the shore of the Caspian Sea?

ВерныйThe social responsibility of the company before its employees;

Задание 116Determine the type of goals: increase in shareholders’ equity for the three years with the issue of shares:

Верныйstrategy

Задание 117Determine the type of goals: improving the productivity of the personnel by 2005 by 20% due to the introduction of new forms of stimulation:

Верныйstrategy;

Задание 118Define the relationship between the objectives of: 1) an increase in return on assets, and 2) an increase in the coefficient of current assets:

Верныйcomplementary;

Задание 119Define the relationship between the objectives of: 1) increasing the wages of workers and 2) reducing the stock of goods in stock:

Верныйindifferent;

Задание 120What factors influence the choice of one of the approaches to strategic planning at the enterprise:

Верныйthe availability of resources, expertise in strategic planning, product policy, innovation, marketing orientation;

Задание 121Which approach to strategic planning has been used in the enterprise, especially if you have created a special structural unit for the development of a strategic plan?

Верныйmodern;

Задание 122What steps do not include the strategic planning process?

Верныйaccounting, control, regulation of the activity;

Задание 123Formulated the mission of the enterprise should display:

Верныйthe scope of the enterprise and its targets, principles, relations with the external environment;

Задание 124Selection of the company’s mission is carried out on the basis of:

Верный analysis of the strengths and weaknesses of the company, estimates of its position in the competitive environment;

Задание 125The strategic objectives of the enterprise does not have to define:

Верныйprofit targets, the main financial results;

Задание 126If the company is unable to thrive in this market with a particular product within a particular industry , it is using a strategy :

Верный limited growth ;

Задание 127The factor which does not affect the choice of corporate strategy are:

Верныйtask main divisions of the enterprise;

Задание 128What strategy is used mostly by large enterprises that are actively functioning in certain industries?

Верныйgrowth strategy;

Задание 129The company , which has strengthened the control over major producers , using the strategy :

Верныйregressive vertical integration;

Задание 130What belongs to the external features of the enterprise?

Верныйreduction of trade barriers in attractive foreign markets;

Задание 131What belongs to the internal weaknesses of the company?

Верныйthe lag in research and development;

Задание 132Assessing the competitive strength enterprise belongs to:

Верныйthe analysis of the market situation in the industry and competition therein;

Задание 133Motives for diversification :

Верныйreducing the risk , the use of strategic effect;

Задание 134Regressive vertical integration provides:

Верныйbetter coordination of activities with the greatest capacity control;

Задание 135Strengthening the company’s position in the industry through acquisitions of competitors or placing them under control strategy foresees :

Верныйhorizontal integration ;

Задание 136Reasonable strategy for managing units of the » cash cow » is :

Верныйlimited growth strategy ;

Задание 137The process of direct strategy includes :

Верный the generation of strategic alternatives , the choice of strategy implementation management strategies , assessment strategies

Задание 138SWOT- analysis as a stage of development strategy foresees :

Верныйthe definition of the internal potential of the company , its weaknesses and the potential opportunities and threats in the external environment ;

Задание 139Management Survey strengths and weaknesses of the enterprise anticipates :

Верныйthe assessment of the functional areas of the enterprise;

Задание 140Which of the strategy is more suitable for businesses that operate from a static technological development

Верныйlimited growth strategy ;

Задание 141The strategy foresees limited growth :

Верныйa substantial annual increase in the level of performance targets over the past year ;

Задание 142Strategy to increase appropriate use of the company:

Верныйwhich are characterized by a static technological development and are satisfied with their position in the industry;

Задание 143The firm, which has reduced some unpromising production units or activities that used the strategy :

Верный » cutting off excess «;

Задание 144The strategy of horizontal integration process foresees

Верныйassociation with the now — partner;

Внимание, только СЕГОДНЯ!

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Опубликованно 2 Июнь 2014 автором admin. Запись опубликована в рубрике 10 класс. Добавьте в закладки постоянную ссылку.

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