Acc 561 final exam 4 Study guides, Class notes & Summaries
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ACC 561 FINAL EXAM 2
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ACC 561 FINAL EXAM 2 
1.	At September 1, 2017, Baxter Inc. reported Retained Earnings of $423,000. During the month, Baxter generated revenues of $60,000, incurred expenses of $36,000, purchased equipment for $15,000 and paid dividends of $6,000. What is the balance in Retained Earnings at September 30, 2017 
$441,000 credit 
2.	The investigation of materials price variance usually begins in the 
Purchasing department 
3.	Scorpion Production Company planned to use 1 yard of plastic per unit bud...
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ACC 561 FINAL EXAM 3
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ACC 561 FINAL EXAM 3 
 
1.	At September 1, 2017, Baxter Inc. reported Retained Earnings of $423,000. During the month, Baxter generated revenues of $60,000, incurred expenses of $36,000, purchased equipment for $15,000 and paid dividends of $6,000. What is the balance in Retained Earnings at September 30, 2017 
$441,000 credit 
2.	The investigation of materials price variance usually begins in the 
Purchasing department 
3.	Scorpion Production Company planned to use 1 yard of plastic per unit b...
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ACC 561 FINAL EXAM 2
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ACC 561 FINAL EXAM 2 
 
1.	Danner Corporation reported net sales of $650,000, $720,000, and $780,000 in the years 2016, 2017, and 2018, respectively. If 2016 is the base year, what percentage do 2018 sales represent of the base? 
a. 2018 net sales / base year 2016 net sales = 780,000 / 650,000 = 1.2 
1.2 x 100% = 120% 
The answer is 120% 
 
2.	Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $660,000. The compan...
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ACC 561 FINAL EXAM 1,2,4 & 5 ( latest update)
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ACC 561 FINAL EXAM 5

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ACC 561 FINAL EXAM 4

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ACC 561 FINAL EXAM 2

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ACC 561 FINAL EXAM 1
QNT 561 Final Exam

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QNT 561 FINAL EXAM 1 – QUESTION AND ANSWERS

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QNT 561 FINAL EXAM 1 – QUESTION AND ANSWERS

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ACC 561 FINAL EXAM 5(Questions And Answers)
- Exam (elaborations) • 4 pages • 2023
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ACC 561 FINAL EXAM 5(Questions And Answers)1.	Danner Corporation reported net sales of $650,000, $720,000, and $780,000 in the years 2016, 2017, and 2018, respectively. If 2016 is the base year, what percentage do 2018 sales represent of the base? 
a. 2018 net sales / base year 2016 net sales = 780,000 / 650,000 = 1.2 
1.2 x 100% = 120% 
The answer is 120% 
 
2.	Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $...
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ACC 561 FINAL EXAM 1(Questions And Answers)
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ACC 561 FINAL EXAM 1(Questions And Answers)1.	Danner Corporation reported net sales of $650,000, $720,000, and $780,000 in the years 2016, 2017, and 2018, respectively. If 2016 is the base year, what percentage do 2018 sales represent of the base? 
a. 2018 net sales / base year 2016 net sales = 780,000 / 650,000 = 1.2 
1.2 x 100% = 120% 
The answer is 120% 
 
2.	Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $...
-
ACC 561 FINAL EXAM 2(Questions And Answers)
- Exam (elaborations) • 3 pages • 2023
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ACC 561 FINAL EXAM 2(Questions And Answers) 
1.	At September 1, 2017, Baxter Inc. reported Retained Earnings of $423,000. During the month, Baxter generated revenues of $60,000, incurred expenses of $36,000, purchased equipment for $15,000 and paid dividends of $6,000. What is the balance in Retained Earnings at September 30, 2017 
$441,000 credit 
2.	The investigation of materials price variance usually begins in the 
Purchasing department 
3.	Scorpion Production Company planned to use 1 yard ...
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ACC 561 FINAL EXAM 3(Questions And Answers)
- Exam (elaborations) • 3 pages • 2023
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ACC 561 FINAL EXAM 3(Questions And Answers)1.	At September 1, 2017, Baxter Inc. reported Retained Earnings of $423,000. During the month, Baxter generated revenues of $60,000, incurred expenses of $36,000, purchased equipment for $15,000 and paid dividends of $6,000. What is the balance in Retained Earnings at September 30, 2017 
$441,000 credit 
2.	The investigation of materials price variance usually begins in the 
Purchasing department 
3.	Scorpion Production Company planned to use 1 yard of...
-
ACC 561 FINAL EXAM 4
- Exam (elaborations) • 10 pages • 2022
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ACC 561 FINAL EXAM 4
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ACC 561 FINAL EXAM 5
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ACC 561 FINAL EXAM 5 
 
1.	Danner Corporation reported net sales of $650,000, $720,000, and $780,000 in the years 2016, 2017, and 2018, respectively. If 2016 is the base year, what percentage do 2018 sales represent of the base? 
a. 2018 net sales / base year 2016 net sales = 780,000 / 650,000 = 1.2 
1.2 x 100% = 120% 
The answer is 120% 
 
2.	Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $660,000. The compan...
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