Saylor BUS105 Dumps in PDF and Online - Page: 3

QUESTION: 9

This is select financial statement data for Binks Corporation.
What is the inventory turnover ratio for year 2?

Answer(s): C

QUESTION: 10

Valley Manufacturing uses a process costing system.
Which of the following journal entries would correctly record $3,180 of manufacturing overhead to the assembly department?

Answer(s): B

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The manager of Ladron Candies is deciding whether or not to invest in new equipment with a purchase price of $10,500 and a required rate of return of 7%. Given this calculation of the present value of cash inflows and outflows for the next three years, what should he decide, based on the internal rate of return?

Reject the investment, because the internal rate of return cannot be determined with the information given.
Reject the investment, because the internal rate of return is approximately 7% and results in a loss after three years.
Accept the investment, because the internal rate of return is approximately 6% and results in a profit after three years.
Accept the investment, because the internal rate of return is approximately 7%, which equals the required rate of return.

Answer(s): D

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QUESTION: 12

Archer Corporation manufactures coffee cups in the Midwest. Using this data, calculate the total current period manufacturing costs for the Schedule of Cost of Goods Manufactured for the year ending on December 31, 2021.

$554,000
$604,000
$679,000
$925,000

Answer(s): B

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QUESTION: 13

Which of the following employees of ABC Corporation is most likely to receive the report regarding the internal audit committee's control findings?

Payroll clerk
Plant manager
Chief financial officer
Managerial accountant

Answer(s): C

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QUESTION: 14

You are the newly hired manager of an individual restaurant chain.
Which of the following responsibilities for your responsibility center would you be evaluated on?

Meeting cost budgets
Investments in assets decisions
Revenues, costs, and resulting profits
Return on investment for shareholders

Answer(s): C

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QUESTION: 15

The accounting department for Aramai Inc. is preparing the cash flow statement for the current year. Using the select financial statement data below, what is Aramai's net income when converted to cash provided by operating activities, using the indirect method?

$380,650
$493,550
$553,350
$545,350

Answer(s): B

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QUESTION: 16

Diamonds and More produced a new line of necklaces that sell for $350 each. Management requires a profit equal to 40 percent of the selling price.
What is the target cost of this product?

$140
$175
$210
$350

Answer(s): C

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Saylor Managerial Accounting BUS105 Dumps in PDF

Free Saylor BUS105 Real Questions (page: 3)

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QUESTION: 16