Financial & Managerial Accting MBA-560 quiz 5

Question # 00001793 Posted By: neil2103 Updated on: 09/29/2013 04:37 PM Due on: 09/30/2013
Subject Finance Topic Finance Tutorials:
Question
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1.The purpose of common size financial statements is to: (Points : 2)





2.Common methods of financial statement analysis include all of the following except:(Points : 2)





3.The accounting concept or principle that is perhaps the greatest single cause in distorting the results of financial statement analysis is the: (Points : 2)





4.Sliefert Company provided the following information from its financial records:
Net income$200,000Total stockholders’ equity$800,000
Preferred dividends$10,000Common shares outstanding, 12/31120,000
Preferred rights$150,000


What is the company's book value per share? (Points : 2)





5.Lauer Company reported net income of $66,800 on sales of $300,000. The company has total assets of $500,000 and total liabilities of $100,000. What is the company's return on equity ratio? (Points : 2)





6.The Haas Company paid total cash dividends of $44,000 on 25,000 outstanding common shares. On the most recent trading day, the common shares sold at $80. What is this company's dividend yield? (Points : 2)





7.DeHoag Corporation provided the following information from its financial records:
Net income$200,000Number of common shares outstanding 1/1200,000
Common stock dividends$10,000Number of common shares outstanding 12/31300,000
Sales$800,000


What is the amount of the company's earnings per share? (Points : 2)





8.The Huntzicker Company reported gross sales of $850,000, sales returns and allowances of $5,000 and sales discounts of $5,000. The company has average total assets of $500,000, of which $250,000 is property, plant, and equipment. What is the company's asset turnover ratio? (Points : 2)





9.Select the incorrectstatement regarding the return on equity (ROE) measure. (Points : 2)





10.Otteman Company reported net income of $16,700 on gross sales of $80,000. The company has average total assets of $115,200, of which $100,000 is property, plant, and equipment. What is the company's return on investment? (Points : 2)





11.Costs such as transportation-out, sales commissions, uncollectible accounts receivable, and packaging are sometimes called: (Points : 2)





12.Select the incorrect statement regarding upstream and downstream costs. (Points : 2)





13.All of the following are upstream costs except: (Points : 2)





14.Which of the following statements is true with regard to product costs versus general, selling, and administrative costs? (Points : 2)





15.Which of following practices is considered an effective means of re-engineering business systems? (Points : 2)





16.During her first year with the company, Ann mistakenly accumulated some of the company's period costs in ending inventory. Which of the following indicates how this error affects the company's financial statements assuming number of units produced exceeded number of units sold during the period? (Points : 2)





17.Which of the following transactions would cause net income for the period to be lower? (Points : 2)





18.As a Certified Management Accountant, Zandra is bound by the standards of ethical conduct issued by the Institute of Management Accountants. During the course of business, Zandra learned that her company has decided to discontinue a major product line. If she mentions this fact to her brother, who is a stockbroker, Zandra could be in violation of the: (Points : 2)





19.Which of the following is not one of the four Standards of Ethical Conduct for Management Accountants? (Points : 2)





20.Susan Mason is the manager of one department in a large store. In this capacity, which of the following kinds of information would she be interested in? (Points : 2)






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  1. Tutorial # 00001635 Posted By: neil2103 Posted on: 09/29/2013 05:09 PM
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