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
| |
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
| |
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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