Wgu d196 fi - Study guides, Class notes & Summaries

WGU D196 Final Exam Prep (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting- Questions and Verified Answers| 100% Correct| Grade A Q: Which type of account is retained earnings? Answer: Equity Q: For purposes of cash flow classification in the statement of cash flows, which item is an operating activity? Answer: Paying Employees Q: How does a classified balance sheet provide useful information to a decision maker? Answer: It distinguis...

WGU D196 Final Exam Prep (New 2024/ 2025 Update) Principles of Financial and Managerial Accounting- Questions and Verified Answers| 100% Correct| A Grade

WGU D196 Final Exam Questions with 100% Correct Answers | Latest Version (2024/2025) Expert Verified | Ace the Test

where does capital come from (3) - investors creditors(lenders) business itself (from earnings retained) 2 main types of accounting - financial and managerial managerial accounting - gather and analysis of information for internal use and decision making. financial accounting - gather, report, analysis of information for external users- investors and creditors. summary of a business what does managerial accounting review - product cost, breakeven analysis, budgeting, performance analysi...

The production budget - ANSWER Sales budget + ending finished goods inventory - beginning finished goods inventory direct materials production budget - ANSWER Production budget × direct materials per unit the direct materials purchases budget - ANSWER Direct materials production budget + ending direct materials inventory - beginning direct materials inventory Cash collected from customers - ANSWER (current period revenue × current period collection rate) + cash collected from previous p...

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 - 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 stateme...

WGU D196 Financial and Managerial Accounting Pre-Assessment 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 -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 compan...

WGU D196 Final Exam A Complete Solution (Questions and Answers) 2023 | Principles of Financial and Managerial Accounting. gasb- what does it stand for, who are they, what do they do - governmental accounting standards board sets accounting and financial reporting standards for state and legal governments. authority over financial reporting by government entities 1 of the two boards that make up GAAP gaap - generally accepted accounting principles sec - Securities and Exchange Commission r...