ACCT 301

ACCT 301 Week 8 Final Exam 1 TCO 1 What is the accounting equation Suppose your company sold $12,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 17) 2. (TCO 2) What are the four basic financial statements? Describe the balance sheet, and explain why it is important 3. What is the Sarbanes-Oxley Act? Do you think this act has more importance for the accounting profession or for inve

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ACCT 301 Week 4 Midterm Package 3 Different Set ACCT 301 Week 4 Midterm Exam Versions 1 Page 1 1. (TCO 1) Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12) 2. (TCO 2) Suppose your company sold $50,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12) 3. (TCO 3) Rationalization

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ACCT 301 Week 6 Quiz 1 Question TCO 9 Which one of the following stages of the management decision making process is properly sequenced 2. Question: (TCO 9) When is incremental analysis most useful? 3. Question: (TCO 9) Which of the following will never be a relevant cost? 4. Question: (TCO 9) A company is deciding whether or not to replace some old equipment with new equipment. Which of the following is not considered in the incr

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ACCT 301 Week 3 Quiz 1 Question TCO 1 Which of the following would not be considered an external user of accounting data for XYZ Company? 2. Question : (TCO 1) The cost of assets consumed or services used is also known as _________. 3. Question : (TCO 1) The financial statement that summarizes the changes in retained earnings for a specific period of time is the _____. 4. Question : (TCO 1) Pinson Company began the year with retained earning

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ACCT 301 Week 7 Capital investment and Incremental Discussion 2 Transfer Pricing What is the transfer price? Why is determining a fair transfer price important for division managers?

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ACCT 301 Week 7 Capital investment and Incremental Discussion 1 Capital Budgeting Discuss the capital budgeting process and the inputs that are used in capital budgeting.

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ACCT 301 Week 6 Pricing Discussion 2 Responsibility Accounting Describe responsibility accounting and its purpose. What conditions are necessary for responsibility accounting to be used effectively?

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ACCT 301 Week 6 Pricing Discussion 1 Budgeting Why is budgeting important for a company? What are some reasons that a company would not prepare a budget?

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ACCT 301 Week 2 Internal Controls Discussion 1 Internal Control Describe what you think is the most important control activity that a company can implement. Why do you think that the one you chose is the most important?

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