Info
Warning
Danger

Study Resources (Accounting)

Learning Objective 15-9 1) Which of the following is correct about transfer pricing for tax minimization in global firms? A) Transfer prices affect payroll taxes. B) Transfer prices affect customs duties. C) Transfer prices affect value-added taxes. D) Transfer prices only affect income taxes. E) Transfer prices affect environment-related taxes. 2) Which of the following is not.
4 Views
View Answer
11) In Step 2 of the designing accounting-based performance measures, managers ask, "Should performance reports be sent to top management daily, weekly, or monthly?" 12) Hospitality Inns use balanced-scorecard measures to evaluate and reward the performance of its managers. 13) What is the goal of all balanced scorecard implementations? 14) Some performance measures,.
6 Views
View Answer
Learning Objective 15-2 1) Which of the following is an organizational structure in which power is concentrated at the top and there is relatively little freedom for managers at the lower levels to make decisions? A) Profit. B) Revenue. C) Autonomy. D) Centralization. E) Decentralization. 2) Which of the following is an organizational structure that gives managers.
5 Views
View Answer
11) The management accountant at Arlington Hills, a transcontinental private school company, is assessing the change in operating incomes for 2011 and 2012. The revenue in 2011 was $34,000,000 while the operating income was $17,564,000. The revenue in 2012 was $36,000,000, and the operating income was $14,100,000. Required Compute the change in.
6 Views
View Answer
21) Which of the following is not a pitfall to avoid in implementing a balanced scorecard? A) Managers always assume the cause-and-effect linkages are precise. B) Manages should not assume the cause-and-effect linkages are precise. C) Managers should not seek improvements across all of the measures all of the time. D) Managers should not.
3 Views
View Answer
1) Accounting software eliminates tedious processes such as typing documents, manually posting and calculating transactions, and documenting the audit trail. 2) Application software does not have to match the computer operating system software. 3) When loading QuickBooks, the welcome screen has an overview tutorial that allows you to learn about how QuickBooks.
16 Views
View Answer
Learning Objective 15-1 1) Which of the following is not true about the formal management control system? A) Includes procedures. B) Includes explicit rules. C) Includes shared values. D) Includes incentive plans. E) Includes performance measures. 2) Which of the following is true about the informal management control system? A) Includes procedures. B) Includes explicit rules. C) Includes incentive plans. D).
14 Views
View Answer
Learning Objective 14-4 1) To evaluate the success of a strategy, managers and management accountants need to link ________ to the sources of operating-income increases? A) goals B) strategy C) functions D) fiscal cliff E) debt ceilings 2) One difference between variance analysis and subdividing the change in operating income is that management accountants compare actual operating.
5 Views
View Answer
Learning Objective 15-5 1) ________ products or services at market prices generally lead to optimal decisions when the market for the intermediated product is perfectly competitive. A) Creating B) Evaluating C) Comparing D) Determining E) Transferring 2) Which of the following exists when there is a homogeneous product with buying prices equal to selling prices and no.
4 Views
View Answer
Learning Objective 14-5 1) To understand unused capacity, it is necessary to distinguish engineered costs and ________. A) elective costs B) facultative costs C) optional costs D) unrestricted costs E) discretionary costs 2) Engineered costs result from a cause-and-effect relationship between the cost driver and the ________. A) resources used to produce that output B) unused capacity of productivity C).
6 Views
View Answer
Learning Objective 14-1 1) ________ specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives. A) Strategy B) Competition C) Centralization D) Consolidation E) Industry analysis 2) Which one of the following is not one of the five forces that managers focus on in industry analysis? A) Competitors. B) Potential entrants.
10 Views
View Answer
Learning Objective 16-6 1) Which of the following describes a situation in which an employee exerts less effort than the owner desires because the owner cannot accurately monitor and enforce the employee's effort? A) Moral hazard. B) Employee hazard. C) Situational hazard. D) Professional hazard. E) Occupational hazard. 2) ________ measures are those that are sensitive to.
8 Views
View Answer
Learning Objective 16-3 1) Which of the following is the alternative definition of all assets, regardless of their intended purpose used in the construction of accounting-based performance measures? A) The minimum ROS. B) Stockholders equity. C) Total assets available. D) Total assets employed. E) Total assets employed minus current liabilities. 2) Which of the following is the.
5 Views
View Answer
9) Why would management at a hotel measure employee satisfaction annually, but measure quality of room service over much shorter time spans such as weekly? 10) Whole Foods Company owns rendering plants in Nome, Alaska, Brownsville, Texas, and Gurnee, IL. The following data was compiled by operational management. LocationOperating IncomeGBV total assetsROI Nome$260,000$1,950,000 Brownsville$370,000$2,500,000 Gurnee$620,000$3,580,000 Required Compute.
5 Views
View Answer
Learning Objective 14-3 1) Which of the following is not one of the four perspectives of the balanced scorecard? A) Financial perspective. B) Customer perspective. C) External control perspective. D) Learning and growth perspective. E) Internal business process perspective. 2) The ________ translates an organization's mission and strategy into a set of performance measures that provide the.
5 Views
View Answer
Learning Objective 15-3 1) Which of the following is not true about subunits in decentralized organizations? A) Decision-making power resides in individual subunits. B) Decision-making power resides in multiple subunits. C) Subunits interact by supplying goods to one another. D) Subunits interact by supplying services to one another. E) When subunits work together, top management uses.
3 Views
View Answer
Learning Objective 16-5 1) Operating a division in a/an ________ economy like Singapore is very different from navigating a closed economy such as Venezuela. A) open B) closed C) cultural D) controlled prices E) threat of nationalization 2) Some countries in Asia, Latin America, and Eastern Europe impose ________ and custom duties to restrict imports of certain.
4 Views
View Answer
Learning Objective 16-1 1) Many organizations are increasingly presenting financial and nonfinancial performance measures for their subunits in a single report referred to as the ________. A) balance sheet B) balanced scorecard C) resource statement D) fixed cost flexible-budget E) variable unfixed cost flexible-budget 2) Different organizations stress different measures in their scorecards, but the measures are.
9 Views
View Answer
71) When exporting reports, you can export Excel features such as: A) AutoFit. B) Freeze panes. C) Show Gridlines. D) all the above. 72) When exporting reports, you can export one as a/an: A) Excel workbook or Excel Macro-Enabled workbook. B) Excel Binary workbook. C) Excel 97-2003 workbook. D) Excel 3 workbook. 73) You can export a report to Excel.
5 Views
View Answer
Learning Objective 15-4 1) Review the transfer-price methods listed below and choose the best transfer-price method ideal to managers when prices of products and services listed in trade association Web sites are competitive. A) Market-based transfer prices. B) Cost-based transfer prices. C) Hybrid transfer prices. D) Segment-based transfer prices. E) Demographic-based transfer prices. 2) Choose the appropriate.
3 Views
View Answer
11) The DuPont method recognizes the two basic ingredients in profit-making: increasing income per dollar of revenues and using assets to generate more revenues. 12) The imputed cost of the investment is a cost recognized in particular situations and it is always recorded in financial accounting systems. 13) Should operating income or.
3 Views
View Answer
11) A ________ is a diagram that describes how an organization creates value by connecting strategic objectives in explicit cause-and-effect relationships with each other in the financial, customer, internal business process, and learning and growth perspectives. A) financial map B) strategy map C) mission statement D) company prospectus E) balanced scorecard 12) A useful first.
5 Views
View Answer
1) The "where and when" of transaction posting is determined by the accountants. 2) The chart of accounts can be opened under the List icon. 3) Printing a COA report gives you a report to refer to when posting transactions. 4) Understanding a company's general ledger account framework helps to select the correct.
19 Views
View Answer
Learning Objective 15-6 1) Which of the following is not true about cost-based transfer prices? A) Prices are helpful to managers when market prices are unavailable. B) Prices are helpful to managers when market prices are inappropriate. C) Prices are helpful to managers when the product is specialized. D) Prices are helpful to managers when.
3 Views
View Answer
61) In the Report center, the Balance Sheet report that shows only the value of company assets, liabilities, and equity by account type is called the: A) Standard. B) Detail. C) Summary. D) Income and Expense Graph. 62) In the Report center, the reporting area that focuses on account activity and income tax preparation is.
3 Views
View Answer
59) The Customer Center has two tabs that are called: A) Customers & Invoices and Credits. B) Customers & Jobs and Transactions. C) Customers & Orders and Invoices. D) Clients & Jobs and Transactions. 60) To view all open windows within QuickBooks, select: A) the Window menu and scroll to the list at the bottom. B) the.
5 Views
View Answer
11) The ________ requires detailed disclosures of the compensation arrangements of top-level executives. A) Federal Reserve B) United States Government C) Generally Accepted Accounting Principles (GAAP) D) Federal Accounting Standards Board (FASB) E) Securities and Exchange Commission (SEC) 12) Companies never put the most skillful division managers in charge of the division producing the poorest economic.
6 Views
View Answer
31) The two tabs within the Preferences window are: A) My Preferences and Company Preferences. B) Customer Preferences and Vendor Preferences. C) Receivables Preferences and Payable Preferences. D) Reports Preferences and Graphs Preferences. 32) The tab in the Preferences window that affects all users is the: A) My Preferences. B) Report Preferences. C) Company Preferences. D) Graphs Preferences. 33) The.
3 Views
View Answer
19) The managerial accountant at Island Fabrics reported the following information: Division                Operating Income              Investment A$14,000,000$105,000,000 B$24,000,000$130,000,000 C$10,000,000$155,000,000 The company wants to expand its operations, which will require each division to increase its investments by $25,000,000 and its income by $5,000,000. Required Compute the ROI and RI for each Division. Which Division has the largest RI? Compute.
6 Views
View Answer
49) The menu command for activating an open task window when performing multiple tasks is found under the: A) Reports menu. B) Windows menu. C) Help menu. D) Banking menu. 50) The menu command for accessing help files, reviewing the software license agreement, and verifying the software version is found under the: A) Reports menu. B) Windows.
5 Views
View Answer
Learning Objective 16-2 1) Companies commonly use four measures to evaluate the performance of their subunits. Which of the following options is not one of these four common measures? A) AARR. B) ROI. C) Residual income. D) Economic value added. E) Return on sales. 2) ________ is popular because it blends all ingredients of profitability into one.
4 Views
View Answer
Learning Objective 15-7 1) In the ________ method, the eventual transfer price results from a bargaining process between the selling and buying subunits. A) negotiated pricing B) negotiated buying C) negotiated purchasing D) negotiated distribution E) negotiated parallelism 2) Under the ________ method, top management does not administer a specific split of the eventual profits across the.
3 Views
View Answer
Learning Objective 16-7 1) To prevent unethical and outright fraudulent behavior, companies need to balance the push for performance resulting from ________, the first of four levers of control, with three other levers. A) strategic goals B) belief systems C) boundary systems D) diagnostic control systems E) interactive control systems 2) Which of the following systems describes.
8 Views
View Answer
29) Employee activities in QuickBooks include: A) deposits and checks activities. B) sales, accounts receivables, and cash receipts. C) purchases, accounts payable, and cash disbursements. D) payroll. 30) One method of opening an existing company is to select: A) File>>New company. B) File>>Open or Restore Company. C) File>>Save Copy or Backup. D) File>Restore an Existing Company>>. 31) To use a.
5 Views
View Answer
Learning Objective 14-2 1) ________ aid(s) managers in rethinking business practices and improving performance on measures such as cost, quality, service, speed, and customer satisfaction. A) Designs B) Schemes C) Satisfaction D) Determination E) Reengineering 2) When managers reduce defect rates and improve manufacturing yields, they ________. A) reduce product quality B) improve product quality C) eliminate product quality D) do.
7 Views
View Answer
21) On general ledger accounts, the optional ________ can be used to provide additional text describing the account. A) Description field B) Notes field C) Routing Number field D) Change Opening Balance button 22) For general ledger accounts assigned to the Account type of Bank, the ________ is used to store the bank account number. A).
4 Views
View Answer
Learning Objective 15-8 1) Which transfer-pricing method is useful for determining full cost of products and services? A) Cost-based. B) Negotiated. C) Market-based. D) Minimum-based. E) Maximum-based. 2) Which transfer-pricing method preserves subunit autonomy when markets are competitive? A) Cost-based. B) Negotiated. C) Market-based. D) Minimum-based. E) Maximum-based. 3) Which transfer-pricing method's market may not exist, or may be imperfect or in distress? A).
6 Views
View Answer
Learning Objective 16-4 1) Managers can use historical-cost ROIs to evaluate current performance by establishing ________ ROIs. A) target B) function C) ambition D) intention E) destination 2) In establishing targets for financial performance measures, companies using the balanced scorecard simultaneously determine targets in the customer, ________, and learning-and-growth perspectives. A) master budget B) peripheral market C) budgeted-sales objective D) internal-business-process E).
6 Views
View Answer
19) All the following apply to manual accounting EXCEPT: A) business transactions occur and are manually entered onto a source document. B) record the adjusting entries on the general journal and then post entries to the general ledger. C) manually prepare the trial balance. D) the software posts transactions to subsidiary journal, account ledger,.
6 Views
View Answer
11) One of the QBP features that offer significant advantages over a manual accounting system is the ability to drilldown on a report to view underlying transactions. 12) The drilldown feature is available on all reports. 13) Accounting transactions should only be posted to the current accounting period. 14) In the real world,.
9 Views
View Answer
79) The Help window has tabs named: A) Search Options and Relevant Topics. B) Index and Search. C) Search and Help Index. D) Relevant Topics and Search. 80) The name of the Help window tab that provides general help by topic is called the: A) Relevant Topics tab. B) Search Topics tab. C) Index tab. D) Search tab. 81) The.
3 Views
View Answer
11) Decentralization speeds decision making, creating a competitive advantage over centralized organizations. 12) Centralization slows decision making because responsibility for decisions creeps upward through layer after layer of management. 13) Profit centers can be coupled with a highly centralized organization, and cost centers can be coupled with a highly decentralized organization, 14) Job.
3 Views
View Answer

Welcome Back!

ScholarOn has more then 20 Million answers, flashcards & more being added everyday!

or
Forgot?
Login
Don't have an account? Signup

Join ScholarOn

ScholarOn has more then 20 Million answers, flashcards & more being added everyday!

or
Signup
By registering, I agree to the Terms and Privacy Policies
Already have an account? Log in

Verify Your Email

Check your inbox & click on the link to activate your account.

Resend Email
Verification Mail Send Successfully. Please Check Your Email.

Forgot Password

Please enter your registered email to recieve the password reset link.

Send reset link
Already have an account? Log in
Did you know?

ScholarOn has more than 2 Million+ answers, textbook solutions & flashcards. Explore Now!

d
Let us boost your grade together!

Get 24/7 homework help from Experts

Let our knowledge be your backup

1

Submit your homework question or assignment

2

Receive a quote & Make the Payment

3

Sit Back & Relax to Earn Better Grades!

Drag files here or Browse your Device

Maximum file size 10MB
17,475 Accounting Questions Answered! Get Answer

We are The Best Because

  • On Time Delivery
  • Plagiarism ReportFree
  • Unlimited RevisionsFree
  • 100% Privacy & Confidential
  • 24/7 Live Chat Support
4.9 (16129 Ratings)
You can communicate directly with your expert until the solution quality is delivered to your complete satisfaction.
Looking for writing help?
Did you know?

ScholarOn has more than 2 Million+ answers, textbook solutions & flashcards. Explore Now!