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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

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 №141

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

1.22

Задание №142

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

26.67%

Задание №143

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

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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