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Accounting Expert Answers & Study Resources : Page 313

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145) Sally oversees the accounting operations at Hopewell Distributors. Recently, Sally suspects an accounting manager commits fraud because the accounting manager in the operations division submitted a report that had incorrect account receivable totals. Sally checks the actual receivable totals against the forecasted totals and her assessment is correct. The.

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  • 145) Sally oversees the accounting operations at Hopewell Distributors. Recently,
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21) Overseeing the day-to-day operations of a company is an example of which of the following management functions? A) Directing B) Planning C) Analyzing D) Controlling 22) Preparing budgets is an example of which of the following management functions? A) Planning B) Directing C) Analyzing D) Controlling 23) Evaluating results against the plan is an example of which of.

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  • 21) Overseeing the day-to-day operations of a company an example
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24) Which database architecture is typically used for data warehouses? A) Dimensional B) XBRL C) Relational D) Network 25) Which of the following is not considered a database element? A) Table B) Field C) File D) Record 26) Data integrity refers to data being A) current and active B) current and complete C) accurate and current D) accurate and complete 27) What does a database.

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  • 24) Which database architecture typically used for data warehouses? A) Dimensional B)
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35) Managers and other internal users are the primary users of managerial accounting information. 36) The primary managerial accounting product is the company's audited financial statements. 37) Managerial accounting information emphasizes relevance over reliability and objectivity. 38) Managerial accounting information tends to report on segments of the business. 39) Managerial accounting.

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  • 35) Managers and other internal users the primary users of
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105) The individuals at Page Manufacturing perform the following duties: Employee C Roles and ResponsibilitiesEmployee D Roles and Responsibilities Manages organization on a daily basisResponsible for the operations at the company Hires other executives to run the organization Identify Employee B and Employee C. B) Treasurer; Controller C) Internal Audit Function; Audit Committee D) Cross-Functional Team; Treasurer E).

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  • 105) The individuals at Page Manufacturing perform the following duties: Employee
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74) Sneider Family Orange Groves processes a variety of fresh juices. The company has the following expenses for July: Depreciation expense on bottling machines $63,000 Glass juice bottles $60,000 Commissions for salespeople $30,000 Salaries of nutrition researchers $75,000 Costs of maintaining website used for customer orders $4,000 Wages of factory workers $75,000 Freshness seals/caps for juice bottles .

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  • 74) Sneider Family Orange Groves processes a variety of fresh
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11) Which of the following is not one of the primary responsibilities of management? A) Adhering to GAAP B) Planning C) Directing D) Controlling 12) Planning involves which of the following activities? A) Evaluating the results of operations B) Overseeing the company's day-to-day operations C) Setting goals and objectives for the company D) None of the above 13) Which of.

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  • 11) Which of the following not one of the primary
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11) Schlabig & Associates, a public accounting firm that provides business consulting to a consumer, is what type of company? A) Manufacturer B) Retailer C) Service D) Wholesaler 12) Jiffy Lube, an automotive maintenance company, is primarily what type of company? A) Manufacturer B) Retailer C) Wholesaler D) Service 13) Among other products, Nabisco makes Oreo cookies. Which type of.

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  • 11) Schlabig & Associates, a public accounting firm that provides
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161) Businesses are now viewing sustainability and social responsibility as opportunities for innovation and business development. 162) Company initiatives to address sustainability and corporate responsibility not only "do the right thing," but also can lead to economic profits by increasing demand for the company's products and services. 163) A wave of.

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  • 161) Businesses now viewing sustainability and social responsibility as opportunities
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125) Performing duties in accordance with relevant laws, regulations, and technical standards comprise the IMA professional ethics standard of A) credibility. B) competence. C) integrity. D) confidentiality. 126) Inflating your expenses for a company-sponsored conference that discredits the profession is a violation of what ethical standard? A) Credibility B) Integrity C) Competence D) Confidentiality 127) To ensure a.

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  • 125) Performing duties in accordance with relevant laws, regulations, and
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181) Companies may adopt which of the following in an attempt to increase their competitive edge? A) TQM B) Green initiatives C) Lean thinking D) All of the above 182) Movements toward sustainability and corporate responsibility often A) result in increased demand for the company's product or service. B) include monetary support of local schools and charities. C).

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  • 181) Companies may adopt which of the following in an
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191) Companies that wish to demonstrate their commitment to international quality standards guidelines may become certified by what organization? A) SEC B) IFRS C) IMA D) ISO 192) Which of the following methods cuts throughput time? A) XBRL B) IFRS C) JIT D) ISO 193) Which type of company utilizes managerial accounting? A) Service B) Manufacturers C) Retailers D) All of the above 194) CPA.

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  • 191) Companies that wish to demonstrate their commitment to international
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  1) Service companies must carry a large amount of inventory to meet consumer demand. 2) Manufacturing companies usually have three types of inventory. 3) Retailers sell their products to consumers. 4) Merchandising companies include both wholesalers and retailers. 5) All companies have the same types of inventories. 6) Only manufacturing companies have finished goods inventory. 7).

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  •   1) Service companies must carry a large amount of inventory
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85) Which of the following positions typically manages the daily operations of a company? A) The controller B) The CEO C) The board of directors D) The stockholders 86) Which of the following positions is responsible for the oversight, strategy formulation, and guidance at a large corporation? A) CEO B) Company president C) Stockholders D) Board of Directors 87) Which.

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  • 85) Which of the following positions typically manages the daily
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45) Which of the following individual is the only individual to use financial accounting information? A) Vice president of plant operations B) Product manager C) Plant manager D) Bank credit officer 46) Managerial accounting would use which of the following types of information? A) Forecasts of future earnings B) Financial information C) Nonfinancial information D) All of the above.

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  • 45) Which of the following individual the only individual to
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64) Lucky Cow Dairy provided the following expense information for May: Assembly-line workers' wages $72,000 Caps for milk bottles 3,000 Reconfiguring the assembly line 125,000 Customer support hotline 10,000 Delivery expenses 20,000 Depreciation on factory equipment 75,000 Plastic milk bottles 52,000 Salaries of salespeople 63,000 Salaries of research scientists 70,000 Customer toll-free order line 6,000   What is the total cost for the marketing category of the value chain? A) $69,000 B) $188,000 C).

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  • 64) Lucky Cow Dairy provided the following expense information for
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171) Under SOX, a CPA firm is permitted to perform which of the following services for an audit client with pre-approval from the client's audit committee? A) Tax B) Financial information design C) Bookkeeping D) Consulting 172) According to SOX, a company's financial statements must be certified by the company's A) CEO. B) CFO. C) Controller. D) CFO and.

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  • 171) Under SOX, a CPA firm permitted to perform which
  • Accounting
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104) Country Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: Depreciation on sales office $     9,000 Depreciation on factory equipment 16,000 Factory supervisor salary 50,500 Sales commissions 23,000 Lubricants used in factory equipment 3,000 Insurance costs for factory 21,000 Wages paid to maintenance workers 115,000 Fabric used to upholster.

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  • 104) Country Furniture Company manufactures furniture at its Akron, Ohio,
  • Accounting
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135) Which of the following is an example of the IMA's integrity standard? A) Provide decision support that is accurate, clear, concise and timely. B) Keep information confidential, except when disclosure is legally required. C) Communicate information fairly and objectively. D) Abstain from engaging in or supporting any activity that might discredit the profession. 136).

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  • 135) Which of the following an example of the IMA's
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Objective 1 1) Well-designed databases and queries determine whether accounting professionals are able to retrieve accurate accounting data. 2) The database design impact how well the database serves the needs of the enterprise. 3) The database integrity rule Referential Integrity states that field values must be from a predefined domain. 4) The database integrity.

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  • Objective 1 1) Well-designed databases and queries determine whether accounting professionals
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  1) Evaluating operations by comparing actual results to budgeted results is a part of the controlling responsibility of management. 2) Controlling means overseeing the company's day-to-day operations. 3) The purpose of managerial accounting is to gather, summarize, and report the cost and revenue data relevant to each decision that is made. 4) Budgeting.

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  •   1) Evaluating operations by comparing actual results to budgeted results
  • Accounting
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114) Use the correct number to designate each item below. Assume they are for a manufacturer. 1.direct materials 2.selling and general expenses 3. manufacturing overhead 4.direct labor A)________rent expense on factory building B)________sales supplies used C)________factory supplies used D)________indirect materials used E)________wages of assembly line personnel F)________cost of primary material used to make product G)________depreciation expense on office equipment H)________rent expense on.

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  • 114) Use the correct number to designate each item below.
  • Accounting
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