MSIS 3223 Final Exam Review OKSTATE 100% Correct!!
5 views 0 purchase
Course
MSIS 3223
Institution
MSIS 3223
Variable cost = - ANSWERSUnit Variable Cost * Quantity Produced (Descriptive Model)
Total Cost = - ANSWERSFixed Cost + Variable Cost * Quantity Produced
Also written as FC + VC * QP = TC
(Descriptive Model)
Logic suggests that variable cost is the unit variable cost times the quantity of it...
Total Cost = - ANSWERSFixed Cost + Variable Cost * Quantity Produced
Also written as FC + VC * QP = TC
(Descriptive Model)
Logic suggests that variable cost is the unit variable cost times the quantity of item produced. -
ANSWERSTrue
__________ has an influence on profit by predicting how many units of a product will be sold. -
ANSWERSDemand
______________produced is a decision option typically based on demand. - ANSWERSQuantity
The spreadsheet model for ________ is revenue - variable cost - fixed cost. - ANSWERSProfit
Profit = Revenue - Variable Cost - Fixed Cost
___________ ____________ allow you to easily evaluate what-if questions by changing input values and
recalculating model outputs - ANSWERSSpreadsheet Models
Systematic approaches to what-if analysis that are available in Excel make the process easier and more
useful. - ANSWERSTrue
(Data tables-Scenario Manager-Goal Seek)
, Multiple outputs may be evaluated using _______________. For example, profit and revenue. -
ANSWERSone way data tables
_____________can evaluate only one output variable. To evaluate multiple output variables, you must
construct ___________________. - ANSWERSTwo-way tables; multiple two-way tables
You will have a spreadsheet with a net income model similar to the one on p.385 Figure 11.5. Based on
this spreadsheet, there will be six multiple choice questions. (KNOW HOW TO ANSWER) - ANSWERS-
Identify the formula to calculate net income based on the data values shown on the spreadsheet?
(earnings before taxes - taxes)
You will have a spreadsheet with a net income model similar to the one on p.385 Figure 11.5. Based on
this spreadsheet, there will be six multiple choice questions. (KNOW HOW TO ANSWER) - ANSWERS-
Identify the formula which would be used to calculate the net operating income using only the model
values in the spreadsheet?
(gross profit - operating expenses)
You will have a spreadsheet with a net income model similar to the one on p.385 Figure 11.5. Based on
this spreadsheet, there will be six multiple choice questions. (KNOW HOW TO ANSWER) - ANSWERS-
Identify the formula which would be used to calculate earnings before taxes using both the data and
model values in the spreadsheet?
(net operating income - interest expense)
You will have a spreadsheet with a net income model similar to the one on p.385 Figure 11.5. Based on
this spreadsheet, there will be six multiple choice questions. (KNOW HOW TO ANSWER) - ANSWERS-
Identify the formula which would be used to calculate the net income value using information in both
the data and model sections in the spreadsheet?
(sales - cost of goods sold)
You will have a spreadsheet with a net income model similar to the one on p.385 Figure 11.5. Based on
this spreadsheet, there will be six multiple choice questions. (KNOW HOW TO ANSWER) - ANSWERS-
Identify the formula which would be used to calculate the gross profit using only the data values in the
spreadsheet? (sales - cost of goods sold)
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 papersmaster01. 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.
