D196 p - Study guides, Class notes & Summaries
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WGU D196 Principles of Financial and Managerial Accounting – new written course requirement material 2023
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WGU D196 Principles of Financial and Managerial Accounting – new written course requirement material 2023 
 
Accounting plays a vital role in the decision-making process. Which action is the first step in the decision-making process? 
 
 
The money that a company needs to buy its land, pay its employees, and buy its supplies is called capital. What are the potential sources of capital for a business? 
 
 
 
Which primary area of accounting generates reports for internal users? 
 
 
True or Fal...
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WGU D196 Pre Assessment Questions and Answers 2023 (Verified Answers)
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WGU D196 Pre Assessment Questions and Answers 2023 (Verified Answers) 
WGU D196 Pre Assessment Questions and Answers 2023 (Verified Answers)
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WGU D196 PRE ASSESSMENT EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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WGU D196 PRE ASSESSMENT EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS 
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Wgu d196 preassment questions and answers 2023 with complete solution
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Wgu d196 preassment questions and answers 2023 with complete solution 
1.	What is a transaction?: Two parties exchanging something of value 
2.	What is the effect of a company's accounting department maintaining high ethical standards?: The company's accounting information will increase in value. 
3.	Why might employees be interested in their company's financial account- ing information?: Financial statement data are often used in determining employ- ee bonuses. 
4.	Which group establishes fi...
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WGU D196 Pre-Assessment exam (Questions + Answers) Solved
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What is the effect of a company's accounting department maintaining high ethical standards? 
-The company can report more favorable results in its financial statements. 
-The company's accounting information will decrease in value. 
-The company can hire fewer accountants to do the same amount of work. 
-The company's accounting information will increase in value. - Answer-The company's accounting 
information will increase in value. 
Why might employees be interested in their company's fin...
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wgu d196 pre assessment Questions and Answers(A+ Solution guide)
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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 work. 
The company can report more favorable results in its financial ...
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D196 Principles of Financial and Managerial Accounting || All Correct.
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Entire CVP Formula (Income Statement) correct answers Sales Revenue - variable cost- fixed cost= profit (net income) 
 
Contribution Margin Formula correct answers Sales Revenue (price) -variable cost = contribution margin 
 
Break-Even Point in Units formula correct answers total fixed cost / contribution margin per unit = break even in units 
 
Break-Even Point in Sales ($) Formula correct answers total fixed cost / contribution margin ratio = Break even in units 
 
contribution margin ratio f...
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WGU d196 Pre assessment Test with Correct Answers
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WGU d196 Pre assessment Test with Correct Answers 
 
Which type of account is retained earnings? 
 
Revenue 
Asset 
Equity 
Liability - Answer-Equity 
 
For purposes of cash flow classification in the statement of cash flows, which item is an operating activity? 
Buying equipment 
Selling bonds 
Distributing dividends 
Paying employees - Answer-Paying employees 
 
How does a classified balance sheet provide useful information to a decision maker? 
 
It distinguishes between current and long-term...
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WGU D196 Pre- Assessment V1 (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting-Questions and Verified Answers| 100% Correct| Grade A
- Exam (elaborations) • 20 pages • 2024
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WGU D196 Pre- Assessment V1 (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting-Questions and Verified Answers| 100% Correct| Grade A 
 
Q: Which type of account are accounts payable and notes payable both examples of? 
 
Liability 
Expense 
Asset 
Equity 
 
 
Answer: 
Liability 
 
 
 
Q: What is the purpose of the financial accounting cycle? 
 
To turn information about transactions into financial statements 
To gather information related to the expenses and income gene...
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wgu d196 pre assessment
- Exam (elaborations) • 11 pages • 2023
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- $12.49
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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 work. 
The company can report more favorable results in its financi...
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