Exam (elaborations)
Peregrine Exam Questions with Correct Answer2
- Course
- Institution
Peregrine Exam Questions with Correct Answer2
[Show more]
Content preview
Peregrine Exam Questions with Correct AnswersWhen the costs of supplies increase in an industry, the low cost
leader_____ Correct Answer-is the only firm able to pay the higher
prices and continue to earn average or above average returns
Accounts Payable Correct Answer-current liability account in which a
company records the amounts it owes to suppliers or vendors for goods
or services that it recieved on credit
accounts receivable Correct Answer-current asset account in which a
company records the amounts it has a right to collect from customers
who received goods or services on credit
what is the cost of goods sold? Correct Answer-the total cost of
merchandise sold during a period
owners equity Correct Answer-one of the three main sections of a sole
proprietorship's balance sheet
cash Correct Answer-includes the following: currency and coins, checks
received from customers but not yet deposited, checking accounts, and
petty cash
cash equivalents Correct Answer-short-term high liquidity investments
with a maturity date that was 3 months or less at the time of purchase.
Ex) money market accounts, U.S. Treasury Bills, and commercial paper
, when a business erroneously records expenses as assets, it has violated
the measurement of _____ Correct Answer-classification
lying by omission involves intentionally Correct Answer-withholding
material facts
The Federal Highway Administration uses notice-and-comment
rulemaking. this process begins with Correct Answer-the publication of
a notice of proposed rulemaking
one way human resource planning links to strategic planning is by
providing a set of inputs into the ______ Correct Answer-strategy
formulation process
which of the following is not one of W. Edwards Deming's 14 points?
Correct Answer-the only performance standard is zero defects
operating statement is another name for the ______ Correct Answer-
Income Statement
Purchases, returns and allowances, and purchase discounts are classified
as _______ on the income statement Correct Answer-contra-cost
accounts
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller cracker. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now