Accounting

Accounting

Question: In horizontal analysis, each item is expressed as a percentage of the:
A
net income amount.

B
stockholders' equity amount.

C
total assets amount.

D
base year amount.

Note: Not available
1. Report
Question: In vertical analysis, the base amount for depreciation expense is generally:
A
net sales.

B
depreciation expense in a previous year.

C
gross profit.

D
fixed assets.

Note: Not available
1. Report
Question: The following schedule is a display of what type of analysis? Amount Percent Current Assets $200,000 25% Property, Plant and equipment $600,000 75% Total Assets $800,000
A
Horizontal analysis

B
Differential analysis

C
Vertical analysis

D
Ratio analysis

Note: Not available
1. Report
Question: Earlville Corporation reported net sales of $300,000, $330,000 and $360,000 in the years, 2000, 2001 and 2002 respectively. If 2000 is the base year, what is the trend percentage for 2002?
A
77%

B
108%

C
120%

D
130%

Note: Not available
1. Report
Question: Which of the following measures is an evaluation of a firm's ability to pay current liabilities?
A
Acid-test ratio.

B
Current ratio.

C
Acid-test and current ratio

D
None

Note: Not available
1. Report
Question: A measure useful in evaluating the efficiency in managing inventories is:
A
Current ratio.

B
Asset turnover.

C
Inventory turnover.

D
Receivables turnover.

Note: Not available
1. Report
Question: Yorkville Coporation reported net income $24,000, net sales $400,000 and average assets $600,000 for 2002. The 2002 profit margin was:
A
6%

B
12%

C
40%

D
200%

Note: Not available
1. Report
Question: Which of the following is generally not considered to be a limitation of financial analysis?
A
Use of estimate.

B
Use of ratio analysis.

C
Use of cost.

D
Use of alternative accounting methods.

Note: Not available
1. Report
Question: Managerial accounting:
A
is governed by generally accepted accounting principles.

B
places emphasis on special-purpose information.

C
pertains to the entity as whole and is highly aggregated.

D
is limited to cost data.

Note: Not available
1. Report
Question: Which of the following is not one of the categories in Standards of Ethical Conduct for Management Accountants?
A
Confidentiality.

B
Integrity.

C
Competence.

D
Independence.

Note: Not available
1. Report

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Question: In horizontal analysis, each item is expressed as a percentage of the:

Question: In vertical analysis, the base amount for depreciation expense is generally:

Question: The following schedule is a display of what type of analysis? Amount Percent Current Assets $200,000 25% Property, Plant and equipment $600,000 75% Total Assets $800,000

Question: Earlville Corporation reported net sales of $300,000, $330,000 and $360,000 in the years, 2000, 2001 and 2002 respectively. If 2000 is the base year, what is the trend percentage for 2002?

Question: Which of the following measures is an evaluation of a firm's ability to pay current liabilities?

Question: A measure useful in evaluating the efficiency in managing inventories is:

Question: Yorkville Coporation reported net income $24,000, net sales $400,000 and average assets $600,000 for 2002. The 2002 profit margin was:

Question: Which of the following is generally not considered to be a limitation of financial analysis?

Question: Managerial accounting:

Question: Which of the following is not one of the categories in Standards of Ethical Conduct for Management Accountants?