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Course 171022- 101 Financial Solutions
  Final Exam
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171022v - 101 Financial Solutions

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Accounting
12 CPE Credit Hours
12/27/2024
Final Exam
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Read 'Chapter 1: Pricing, Sales, And Advertising Miss Margins' & answer the following question(s):
1. _____________________ is NOT a sign of revenue base erosion:
2. When considering a special order that will enable a company to make use of currently idle capacity, which of the following costs is irrelevant?
3. High levels of merchandise returns are NOT caused by:
Read 'Chapter 2: Inventory And Production Shortfalls' & answer the following question(s):
4. __________________ is NOT a cause for low turnover of merchandise:
5. Which condition justifies a low inventory turnover ratio?
6. For inventory management, ignoring safety stocks, which of the following is a valid computation of the reorder point?
7. The carrying costs associated with inventory management include:
8. The order costs associated with inventory management include:
9. The purpose of the economic order quantity (EOQ) model is to:
10. The economic order quantity (EOQ) will rise following:
11. The economic order quantity (EOQ) formula assumes that:
12. ______________ is used in enterprise supply chain management to improve the efficiency of inventory tracking and management.
13. Lack of inventory storage space may be a result of
Read 'Chapter 3: Profit Targets Are Off' & answer the following question(s):
14. ______________________ is the degree or amount that sales may decline before losses are incurred:
15. Contribution margin is the excess of revenues over:
16. The most likely strategy to reduce the breakeven point would be to:
17. Basic break-even and CVP models are subject to limiting assumptions such as:
18. Generally, the lower the break-even point, the higher the profit and the less the ______________, other things being equal. F
19. When used in cost-volume-profit analysis, sensitivity (what-if) analysis:
20. The difference between sales and total variable costs is:
21. Problems of weak sales mix are caused by all EXCEPT:
22. Falling sales and/or profit margin is usually NOT a result of:
Read 'Chapter 4: Risk-Return Unbalance' & answer the following question(s):
23. What are the risk and the risk-return trade-off:
24. Which of the following are components of interest-rate risk?
25. Lack of diversification can be identified by all EXCEPT:
26. The type of risk that is NOT diversifiable and affects the value of a portfolio is:
27. The risk that securities cannot be sold at a reasonable price on short notice is called:
28. A warning sign of financial problems does NOT include:
Read 'Chapter 5: Inability To Finance Weakens Business Development' & answer the following question(s):
29. Market price drops of stock can be caused by all EXCEPT:
30. Moody's and Standard & Poor's debt ratings depend on:
31. If a bond is rated below BBB, it is called:
32. Dividends per share/market price per share is
Read 'Chapter 6: Business Control Threatened' & answer the following question(s):
33. Which of the following cannot lead to bankruptcy?
34. Management can take many steps to protect itself against business failure excludes
35. An investor has calculated Altman's Z-Score for each of four possible investment alternatives. Each firm is a public industrial firm. The calculated scores for the four investments were as follows: Firm W = 3. 89; Firm X = 2. 48; Firm Y = 2. 00 and Firm Z = 1. 10. Given this info, which statement is true?
36. A defensive measure defines as when the target buys back stock accumulated by the raider at a premium price is:
Read 'Chapter 7: Cash Flow Disturbances' & answer the following question(s):
37. Cash-related ratios to be computed by management do NOT include:
38. To generate adequate cash flow, you do the following EXCEPT:
39. When investing surplus funds, aggressive cash managers seek:
40. Which of the following is NOT an early warning sign for going broke?
41. The average collection period for a firm measures the number of days:
Read 'Chapter 8: Mess In Accounts Payable And Receivable' & answer the following question(s):
42. Vendor’s price increases can be prevented by all EXCEPT:
43. Using a 360-day year, what is the opportunity cost to a buyer of not accepting terms 2/10, net 30?
44. _______________________ do(es) NOT affect credit ratings:
45. Which of the following measures does NOT aim at preventing check fraud and improper payments?
Read 'Chapter 9: Lackluster Financial Statements' & answer the following question(s):
46. ___________________ is NOT an example of liquidity ratio:
47. An early warning signal of inadequate liquidity does NOT include:
48. Return on Investment (ROI) CANnot be enhanced by management:
49. ROE is:
50. A lower rate of return can be detected early by
51. Which of the following is NOT a sign for poor-quality earnings?
Read 'Chapter 10: Costs Out Of Control' & answer the following question(s):
52. Stability in product revenue can be determined by computing the ____________ in sales over five to ten years.
53. Excessive labor costs are caused by all EXCEPT:
54. The percentage change in earnings before interest and taxes associated with the percentage change in revenues is the degree of:
55. An accounting system that collects financial and operating data on the basis of the underlying nature and extent of the cost drivers is:
56. A profit-maximizing firm would never choose to lower its price in the ____________ range of its demand curve.
Read 'Chapter 11: Budgeting And Cost Control Problems' & answer the following question(s):
57. Actual costs exceeding budgeted costs are caused by all EXCEPT:
58. An efficiency variance equals:
Read 'Chapter 12: Fragile Internal Controls' & answer the following question(s):
59. Record keeping errors can be identified by all EXCEPT:
Read 'Chapter 13: Tax Planning And Preparation' & answer the following question(s):
60. Which of the following statement is false regarding the election of an S corporation?
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