External link to Question : 51. The liability of the pension plan equals the A. future value : 1230341

Question : 51. The liability of the pension plan equals the A. future value : 1230341

    51. The liability of the pension plan equals the   A. future value of the expected amounts payable to employees. B. present value of the expected amounts payable to employees. C. expected future amounts payable to employees. D. current amounts payable to employees during the next year or operating cycle. E. employees’ current benefits.   52. The discount rate that firms use in measuring the pension plan liability is the […]

External link to Question : 34.On July 1, 2016, a firm purchased a 1-year insurance : 1168938

Question : 34.On July 1, 2016, a firm purchased a 1-year insurance : 1168938

    34.On July 1, 2016, a firm purchased a 1-year insurance policy for $1,800 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 2016, is    A. $600.   B. $1,050.   C. $900.   D. $1,800.       35.On May 1, 2016, a firm purchased a 1-year insurance policy for $3,600 and paid the full premium […]

External link to Question : Multiple Choice Questions 1.The following chart presents the cash flow profiles : 1253462

Question : Multiple Choice Questions 1.The following chart presents the cash flow profiles : 1253462

  Multiple Choice Questions 1.The following chart presents the cash flow profiles of four companies.  All four companies are in the same industry and are comparable in size.  Based on this limited information, which company likely has the weakest quality of earnings?     Company 1 Company 2 Company 3 Company 4 Net cash from investing activities Negative Positive Negative Positive Net cash from operating […]

External link to Question : 71. During the past year a company had total fixed : 1256599

Question : 71. During the past year a company had total fixed : 1256599

    71. During the past year a company had total fixed costs of $700,000. Its product sold for $93 per unit. Variable costs during this time equaled $45 per unit. Next year the company is anticipating a 10% increase in total fixed costs and a $3 per unit decrease in variable costs but would like to maintain its current selling price per unit. How […]

External link to Question : 91.While preparing the bank reconciliation, an accountant discovered that a : 1237639

Question : 91.While preparing the bank reconciliation, an accountant discovered that a : 1237639

    91.While preparing the bank reconciliation, an accountant discovered that a $426 check returned with the bank statement had been recorded erroneously in the depositor’s accounting records as $462. In preparing the bank reconciliation the appropriate action to correct this error would be to:    A.Add $36 to the balance per the depositor’s records.   B.Add $36 to the balance per the bank statement.   […]

External link to Question : 61. Which of the following a valid reason for using variable : 1208029

Question : 61. Which of the following a valid reason for using variable : 1208029

  61. Which of the following is a valid reason for using variable costing?  A. Fixed production cost should be ignored when costing units of inventory since it is not essential to the production process. B. Absorption costing may motivate managers to overproduce in order to increase profits. C. Absorption costing recognizes fixed costs as expense regardless of volume of production. D. Under variable costing managers can increase profitability by […]

External link to Question : 11) How much will appraisal costs change assuming the new : 1186123

Question : 11) How much will appraisal costs change assuming the new : 1186123

  11) How much will appraisal costs change assuming the new prevention methods reduce the amount of material failures during the appraisal phase by 40 percent? A) $160,000 decrease B) $40,000 increase C) $20,000 decrease D) $8,000 decrease E) $7,450 decrease 12) How much will internal failure costs change if the internal product failures are reduced by 50 percent with the new procedures? A) $10,000 […]

External link to Question : 142. Project A requires an original investment of $50,000. The project : 1233938

Question : 142. Project A requires an original investment of $50,000. The project : 1233938

  142. Project A requires an original investment of $50,000. The project will yield cash flows of $15,000 per year for seven years. Project B has a calculated net present value of $13,500 over a five year life. Project A could be sold at the end of four years for a price of $25,000. (a) Using the proper table below determine the net present value of […]

External link to Question : 51.A reversing entry should not be made for an adjusting : 1220493

Question : 51.A reversing entry should not be made for an adjusting : 1220493

  51.A reversing entry should not be made for an adjusting entry to record   A.the accrued salaries. B.an accrued expense item that will involve future cash payments. C.an accrued income item that will involve future cash receipts. D.depreciation. 52.The entry to reverse the adjustment for accrued interest income consists of a debit to   A.Interest Income and a credit to Income Summary. B.Interest Income and a […]

External link to Question : 61) A function graphed as a curve, that shows how full : 1196059

Question : 61) A function graphed as a curve, that shows how full : 1196059

  61) A function graphed as a curve, that shows how full product costs per unit decline as output increases, is called 61) ______ A) time-series curve. B) cross-sectional data curve. C) goodness of fit curve. D) conference data curve. E) experience curve. 62) What is the time needed to produce the last unit when production doubles from 100 units to the 200 unit level, […]

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