WGU D196

WGU D196 PRINCIPALS OF MANAGERIAL AND FINANCIAL ACCOUNTING STUDY GUIDE

D196 WGU Questions and Answers with Verified Solutions What is the role and purpose of accounting ? - Answer ️️ -Role: To help track income and expenditures, and to provide investors, management, and government with financial information. Purpose: To accumulate, measure, and communicate financial information about businesses and other organizations. · Who uses accounting information and why? - Answer ️️ -Potential investors and creditors use accounting information, but basically ...

wgu d196 pre assessment questions and answers already passed What is an example of direct materials? Cost of robotic equipment in making automobiles Cost of sandpaper in making wood furniture Cost of saws and hammers in constructing a house Cost of aluminum in making an airplane - Answer ️️ -Cost of aluminum in making an airplane What is the effect of a company's accounting department maintaining high ethical standards? The company can hire fewer accountants to do the same amount of ...

WGU D196 Questions and Answers 100% Pass 1. Which budget should include all production costs other than those for direct materials and direct labor? A.Sales budget B.Direct materials budget C.Manufacturing overhead budget D. Production budget - Answer ️️ -c 2. Which account is a common asset account? A.Accounts payables B.Equity C.Accounts receivable D. Utilities Expense - Answer ️️ -c 3 .On which financial statement would you see the valuation of a company's asset accounts?...

D196 WGU Questions and Answers with Verified Solutions| 2024 What is the effect of a company's accounting department maintaining high ethical standards? The company can hire fewer accountants to do the same amount of work. The company's accounting information will decrease in value. The company can report more favorable results in its financial statements. The company's accounting information will increase in value. - Answer ️️ -The company's accounting information will increase i...

WGU D196 Questions and Answers Absolute Cell Reference - Answer ️️ -A cell reference that remains constant when a formula is pasted into a new cell. Account - Answer ️️ -An accounting record in which the results of transactions are accumulated; shows increases, decreases, and a balance. Accounting - Answer ️️ -A system for providing quantitative, financial information about economic entities that is useful for making sound economic decisions. Accounting provides the means of r...

D196- Principles of Financial and Managerial Accounting Questions and Answers Graded A bookkeeping - Answer ️️ -day to day keeping of transcations steps of decision making - Answer ️️ -identify issue gather information identify alternatives select option that most likely results in desired objective accounting - Answer ️️ -analysis of events record and report financial effects of business activities where does capital come from (3) - Answer ️️ -investors creditors(lende...

WGU d196 questions and answers already graded A What is a transaction? - Answer ️️ -Two parties exchanging something of value What is the effect of a company's accounting department maintaining high ethical standards? - Answer ️️ -The company's accounting information will increase in value. Why might employees be interested in their company's financial accounting information? - Answer ️️ -Financial statement data are often used in determining employee bonuses. Which group es...

D196 Study Guide Questions and Answers Rated A What is the role and purpose of accounting? - Answer ️️ -Accounting is used to accumulate, measure, and communicate financial information about organizations. This information is used to make informed decisions regarding resource usage and allocation. Who uses accounting information and why? - Answer ️️ -Managerial Accounting: Internal decision making (managers, CEO's, supervisors, etc.) Financial Accounting: External user benefit (st...