BUS 252
California Lutheran University
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BUS 252 Accounting Test Bank 29 Test Questions and Answers(2022/2023)
- Exam (elaborations) • 132 pages • 2023
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99. Karma Corporation has total assets of $190,000 and total liabilities of $90,000. The 
corporation's debt-to-equity ratio is closest to: 
A. 0.4 
7 
B. 0.9 
0 
C. 0.5 
3 
D. 0.3 
2 
Debt-to-equity ratio = Total liabilities ÷ Stockholders' equity 
= $90,000 ÷ $100,000* = 0.90 
*Stockholders' equity = Total assets - Total liabilities = $190,000 - $90,000 = 
$100,000 
AACSB: Analytic 
AICPA BB: Critical Thinking 
AICPA FN: Measurement 
Blooms: Apply 
Difficulty: 1 Easy 
Learning Objective: ...
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BUS 252 Accounting Test Bank 24 Test Questions and Answers(2022/2023)
- Exam (elaborations) • 93 pages • 2023
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109 
. 
At what purchase price for the wheels would Talbot be indifferent 
between making or buying the wheels? 
A. $1.70 per 
wheel 
B. $1.60 per 
wheel 
C. $1.55 per 
wheel 
D. $1.15 per 
wheel 
The company would be indifferent at a price of $1.60 per wheel 
($160,000 ÷ 100,000 wheels). 
AACSB: Analytic 
AICPA BB: Critical Thinking 
AICPA FN: Measurement 
Blooms: Apply 
Difficulty: 3 Hard 
Learning Objective: 12-03 Prepare a make or buy analysis. 
Rama Corporation is presently making part J56...
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BUS 252 Accounting Test Bank 13 Test Questions and Answers(2022/2023)
- Exam (elaborations) • 154 pages • 2023
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206 
. 
Ivancevic Inc., which produces a single product, has provided the following data for 
its most recent month of operation: 
The company had no beginning or ending inventories. 
Required: 
Compute the unit product cost under variable costing. Show your work! 
207 
. 
Sproull Inc., which produces a single product, has provided the following data for its 
most recent month of operation: 
The company had no beginning or ending inventories. 
Required: 
a. Compute the unit product cost under ab...
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BUS 252 Accounting Test Bank 07 Questions and Answers 2023& study guide with complete solution
- Exam (elaborations) • 181 pages • 2023
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74. Sanes Corporation produces and sells a single product. Data concerning that product 
appear below: 
The unit sales to attain the company's monthly target profit of $19,000 is closest to: 
A. 3,42 
6 
B. 5,83 
3 
C. 3,80 
6 
D. 2,15 
8 
75. A product sells for $10 per unit and has variable expenses of $6 per unit. Fixed expenses 
total $45,000 per month. How many units of the product must be sold each month to 
yield a monthly profit of $15,000? 
A. 6,000 
units 
B. 3,750 
units 
C. 15,000 
...
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