Exam (elaborations)
WGU D251 FOUNDATIONS OF ACCOUNTING FOR PEREGRINE GLOBAL SERVICES QUESTIONS AND ANSWERS
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WGU D251 FOUNDATIONS OF ACCOUNTING FOR PEREGRINE GLOBAL SERVICES QUESTIONS AND ANSWERS
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The sum of the present values of a series of equal cash flows to be received at fixed
intervals.
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Present value of annuity
,1. establishing specific goals for the overall entity and it's units
2. Executing plans to achieve the goals.
3. Periodically comparing actual results with the goals.
4. Considering appropriate actions in response.
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Budgeting includes
false
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percentage analysis, ratios, turnovers, and other measures of financial
position and operating results are useful analytic measures in our all you
need an assessing a business is past performance and predicting its future
ignoring differences in the useful lives of alternative investments, can distort the
present value analysis and adversely affect decisions. The difference in useful lives
can be addressed by adjusting the cash flow assumptions of the proposals to end at
the same time.
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Proposals with Unequal Lives
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank
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Bank statement
Activities with costs are identified costs drivers are established and budget is made
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Activity based approach
Difference between the actual rate per hour in the standard rate per hour multiplied
by the actual hours worked
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Direct labor, variances
Customers through electronic funds transfer's customers may authorize automatic,
electronic transfers from their checking accounts to pay monthly bills
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Cash received by EFT
Statistics and data that are not financial in nature but can be used to assess an
organizations performance such as the non-financial measures used in a balanced
, scorecard
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Non-financial performance measures
Focuses on the ability of a business to pay, or otherwise satisfy its current and
noncurrent liabilities
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Solvency analysis
help ensure that data recorded and systems is complete valid an accurate
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Information processing controls
Net present value method, an internal rate of return method
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what two methods do use present values?
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