Bus 302l - Study guides, Class notes & Summaries

BUS 302L MICRO ECONOMICS EXAM QUESTIONS WITH ANSWERS ...

Budgets are ~~> Used by individual, staffs, managers department. Management accountant place more emphasis on which of the following: ~~> future activities A listing of line item that the organization will use to classify its accounting information is? ~~> balance sheet The primary purpose for carrying on "cost accounting activity" is ~~> To plan operation Cost volume profit (CVP) analysis to answer which of the following ~~> ALL 2 | P a g e | © copyright 2024/...

BUS 302L Managerial Acc Exam | Questions and Answers Latest {} A+ Graded | 100% Verified

What type of a cost is given? a. fixed cost b. variable cost c. step cost d. mixed cost e. rent cost. - Answer b. variable cost

In the annual report, where would a financial statement reader find out if the company's financial statements give a fair depiction of its financial position and operating results? - Auditor's report Which accounting assumption assumes that an enterprise will continue in operation long enough to carry out its existing objectives and commitments? - Going Concern Assumption Johnny's Car Repair Shop started the year with total assets of $60,000 and total liabilities of $40,000. During the ...

BUS 302L - Financial Accounting Exam | Questions and Answers Latest {} A+ Graded | 100% Verified

BUS 302L - Business Law Questions and Answers | Latest Update | Already Graded A **Question:** Paul visited Dan's Bookstore and was briefly detained by Dan on suspicion of theft, which later proved to be unfounded. Paul subsequently sued Dan for false imprisonment. What legal principle is likely to determine the outcome of this case? **Options:** - Dan will prevail if he acted reasonably based on a suspicion of theft. - Dan will lose because no theft occurred. - Dan's actions...

BUS 302L STATS QUESTIONS AND ANSWERS | LATEST UPDATE GRADED A+ **When computing the variance of a sample, what is the divisor used?** Choices: - n - n + 1 - n - 1 - n - 2 Answer: n - 1 **What does a "not equal to" rejection region consist of in hypothesis testing?** Choices: - 1 region - 2 regions; left and right tail - 3 regions - 4 regions Answer: 2 regions; left and right tail **If the correlation coefficient between two variables is 1, what is the standard ...

hat is break-even point in sales? - Answer fixed cost / (price-variable cost) 10,000 / (7.50-2.25)=1905 what is the total contribution margin? - Answer sales revenue-variable expense (7.50*20,000) - (2.25*20,000) =105,000

Bus 302L Micro Economics Questions and Answers | Latest Update | 2024/2025 | Already Passed Why does every economic decision involve making choices? - A. To maximize profits - B. To minimize costs - C. To consider opportunity costs - D. To pursue self-interest - E. To explore alternative options **Correct Answer:** C. To consider opportunity costs --- If Ryan chooses to study instead of going for a bike ride, what does he give up? - A. The transportation cost to stu...