ACC/599 ACC599 ACC 599 WEEK 5 MIDTERM

ACC 599 WEEK 5 MIDTERM 

·         Question 1

6 out of 6 points

What is the effect of the exercise of stock options?

·         Question 2

0 out of 6 points

In 2012, ABC Company reported earnings per share of $2.00 for 10,000 shares. In 2013, there was a 2-for-1 stock split, for which 2013 earnings per share were reported at $2.10. The appropriate earnings per share presentation for a 2-year comparative analysis would be:
 

·         Question 3

6 out of 6 points

Book value per share may not approximate market value per share because:

·         Question 4

6 out of 6 points

The earnings per share is computed for:

·         Question 5

6 out of 6 points

A summarized income statement for Leveraged Inc. is presented below.
 

Sales

$1,000,000

Cost of Sales

   600,000

Gross Profit

$  400,000

Operating Expenses

   250,000

Operating Income

$  150,000

Interest Expense

    30,000

Earnings Before Tax

$  120,000

Income Tax

    40,000

Net Income

$   80,000


 
The degree of financial leverage is:

·         Question 6

6 out of 6 points

Stable dividend policy would most commonly imply:

·         Question 7

6 out of 6 points

There are many definitions or descriptions given to financial failure. Which of the following does not appear to be a reasonable definition or description:

·         Question 8

6 out of 6 points

Which of the following depreciation methods is considered to be the least conservative?

·         Question 9

6 out of 6 points

Which of the following ratios is given the highest significance rating by controllers?

·         Question 10

6 out of 6 points

Which of the following variables indicates a measure of cumulative profitability over time?

·         Question 11

6 out of 6 points

Which of the following ratios is a primary measure of liquidity according to the corporate controller survey?

·         Question 12

6 out of 6 points

Which of the following is not a multiple approach to valuation?

·         Question 13

6 out of 6 points

Using only unit-based activity drivers to assign nonunit-related overhead costs can cause

·         Question 14

6 out of 6 points

____ is concerned with doing the activity right the first time it is performed.

·         Question 15

6 out of 6 points

Which is defined as a category of quality-related costs?

·         Question 16

6 out of 6 points

The time required to produce one unit of a product is the

·         Question 17

6 out of 6 points

____ can help a company become more competitive by providing more accurate cost data.

·         Question 18

6 out of 6 points

A list of activities accompanied by information that describes each activity is an activity ____.

·         Question 19

6 out of 6 points

A(n) ____ ratio measures the proportion of an activity consumed by a product.

·         Question 20

6 out of 6 points

A formula for the accounting rate of return is

·         Question 21

6 out of 6 points

The capital investment decision making model that assumes that each cash inflow is reinvested at the required rate of return is

·         Question 22

0 out of 6 points

Which of the following provides an absolute dollar measure?

·         Question 23

6 out of 6 points

The internal rate of return is defined as

·         Question 24

6 out of 6 points

Which of the following is a disadvantage of postaudits?

·         Question 25

6 out of 6 points

The earning of interest on interest is

 

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