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1. ACC 561 NEW 2016
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ACC 561 Week 6 Final Exam - NEW 2016 - $30

2. 1. Which of the is following an of advantage corporations relative to partnerships
and sole proprietorships?
2. The group of users of accounting information charged with achieving the goals
of the business is its
3. Which of the following financial statements is concerned with the company at a
point in time?
4. An income statement
5. The most important information needed to determine if companies can pay their
current obligations is the
6. A liquidity ratio measures the
7. The convention of consistency refers to consistent use of accounting principles
8. Horizontal analysis is also known as
9. Horizontal analysis is a technique for evaluating a series of financial statement
data over a period of time
10. Vertical analysis is a technique that expresses each item in a financial statement
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ACC 561 Week 6 Assignment Practice Quiz - NEW 2016 - $11
Multiple Choice Question 38
A major accounting contribution to the managerial decision-making process in
evaluating possible courses of action is to
Multiple Choice Question 45
In incremental analysis,
Multiple Choice Question 46
Incremental analysis is most useful
Multiple Choice Question 53
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ACC 561 Week 5 Assignment WileyPLUS - NEW 2016 - $14
ACC 561 Week 5 Assignment WileyPLUS
Brief Exercise 18-8
Brief Exercise 18-10
Brief Exercise 18-11
Brief Exercise 19-16
Exercise 19-17
Brief Exercise 21-1
Brief Exercise 21-4
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3. ACC 561 Week 5 Assignment Practice Quiz - NEW 2016 - $14
ACC 561 Week 5 Assignment Practice Quiz
Multiple Choice Question 37
Why are budgets useful in the planning process?
Multiple Choice Question 44
A common starting point in the budgeting process is
Multiple Choice Question 48
Which of the following statements about budget acceptance in an organization is
true?
Multiple Choice Question 38
What is budgetary control?
Multiple Choice Question 44
The comparison of differences between actual and planned results
Multiple Choice Question 45
A static budget
Multiple Choice Question 93
A responsibility report should
Multiple Choice Question 99
Which responsibility centers generate both revenues and costs?
Multiple Choice Question 100
The linens department of a large department store is
Multiple Choice Question 39
What is a standard cost?
Multiple Choice Question 48
Using standard costs
Multiple Choice Question 80
Unfavorable materials price and quantity variances are generally the responsibility of
the
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ACC 561 Week 4 Assignment WileyPLUS - NEW 2016 - - $14
ACC 561 Week 4 Assignment WileyPLUS
Exercise 15-5
Exercise 16-3
Exercise 17-1
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ACC 561 Week 4 Assignment Practice Quiz - NEW 2016 - $14
ACC 561 Week 4 Assignment Practice Quiz

4. Multiple Choice Question 39
A variable cost is a cost that
Multiple Choice Question 42
An increase in the level of activity will have the following effects on unit costs for
variable and fixed costs:
Multiple Choice Question 43
A fixed cost is a cost which
Multiple Choice Question 86
Hollis Industries produces flash drives for computers, which it sells for $20 each.
Each flash drive costs $14 of variable costs to make. During April, 1,000 drives were
sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How
much is the contribution margin ratio?
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ACC 561 Week 3 Assignment WileyPLUS - NEW 2016 - - $14
Brief Exercise 13-4
Brief Exercise 13-5
Brief Exercise 13-8 (Essay)
Brief Exercise 13-9 (Essay)
Brief Exercise 13-15
Brief Exercise 13-13
Brief Exercise 13-10
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ACC 561 Week 3 Assignment Practice Quiz - NEW 2016 - $20
ACC 561 Week 3 Assignment Practice Quiz
Multiple Choice Question 37
A major purpose of cost accounting is to
Multiple Choice Question 38

5. The two basic types of cost accounting systems are
Multiple Choice Question 39
A process cost system would most likely be used by a company that makes
Multiple Choice Question 40
Which of the following would be accounted for using a job order cost system?
Multiple Choice Question 45
The flow of costs in a job order cost system
Multiple Choice Question 60
The entry to record the acquisition of raw materials on account is
Multiple Choice Question 73
Time tickets should be approved by...
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ACC 561 Week 2 Assignment Practice Quiz - NEW 2016 - $15
ACC 561 Week 2 Assignment Practice Quiz
Multiple Choice Question 115
The relationship between current assets and current liabilities is important in
evaluating a company's
Multiple Choice Question 116
Which of the following is a measure of liquidity?
Multiple Choice Question 117
Current assets divided by current liabilities is known as the
Multiple Choice Question 88
Danner Corporation reported net sales of $600,000, $680,000, and $800,000 in the
years 2011, 2012, and 2013, respectively. If 2011 is the base year, what percentage do
2013 sales represent of the base?...
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6. The two basic types of cost accounting systems are
Multiple Choice Question 39
A process cost system would most likely be used by a company that makes
Multiple Choice Question 40
Which of the following would be accounted for using a job order cost system?
Multiple Choice Question 45
The flow of costs in a job order cost system
Multiple Choice Question 60
The entry to record the acquisition of raw materials on account is
Multiple Choice Question 73
Time tickets should be approved by...
to view the entire page, click here
ACC 561 Week 2 Assignment Practice Quiz - NEW 2016 - $15
ACC 561 Week 2 Assignment Practice Quiz
Multiple Choice Question 115
The relationship between current assets and current liabilities is important in
evaluating a company's
Multiple Choice Question 116
Which of the following is a measure of liquidity?
Multiple Choice Question 117
Current assets divided by current liabilities is known as the
Multiple Choice Question 88
Danner Corporation reported net sales of $600,000, $680,000, and $800,000 in the
years 2011, 2012, and 2013, respectively. If 2011 is the base year, what percentage do
2013 sales represent of the base?...
to view the entire page, click here