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ACCOUNTING 333 Study guides, Class notes & Summaries
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SCH-MGMT 333 Exam 2 Questions And Answers, ACCTG 333 Exam 1 Perols Study Guide Review 2024, Accounting 333 Exam 1 Complete Review Solution, ACC 333 EXAM 1 COMPLETE REVIEW STUDY GUIDE 2024, LA TECH MGMT 333 EXAM 1 EXAM REVIEW COMPLETE SOLUTION QS&AS, SCH-M
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MGMT 333 Exam 4 Questions And Answers
(T/F) The Master Production Schedule breaks down the aggregated production plan, specifying what 
individual products the factory will make each week. - ANS-True
Time Fences: (choose all that apply)
- Are derived directly from the aggregate plan
- Provide stability and predictability to factory operations
- Det
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Accounting 333 Exam 1 Complete Review Solution
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Accounting 333 Exam 1 Complete Review Solution 
Characteristics of Useful Information - ANS-Relevant, Reliable, Complete, timely ,understandable, 
verifiable, accessible 
Transaction - ANS-An agreement between 2 entities to exchange goods or services 
Revenue cycle - ANS-Where goods and services are sold for cash 
Expenditure cycle - ANS-Where companies purchase inventory for resale 
Production/ conversion cycle - ANS-Where raw. Materials are transformed into finished goods 
Financing cycle - A...
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ACCOUNTING 333 CHAPTER 1 PRACTICE QUIZ
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ACCOUNTING 333 CHAPTER 1 PRACTICE QUIZ 
The treasurer and the controller of a corporation generally report to the: 
o	president. 
o	board of directors. 
o	chief executive officer. 
o	chief financial officer. 
o	chairman of the board. 
2.	Which one of these best describes the key difference between the duties of the controller and those of the treasurer? 
o	Separation of duties related to assets versus those related to debt and equity 
o	Separation of authority over tax records versus accounting ...
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ACCOUNTING 333 CHAPTER 3 PRACTICE QUIZ.
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ACCOUNTING 333 CHAPTER 3 PRACTICE QUIZ. 
1.	Financial ratios that measure a firm's ability to pay its bills over the short run without undue stress are often referred to as: 
o	asset management ratios. 
o	liquidity measures. 
o	leverage ratios. 
o	profitability ratios. 
o	utilization ratios. 
 
2.	Which one of these measures a firm's long-run ability to meet its obligations? 
o	Cash ratio 
o	Total asset turnover 
o	Quick ratio 
o	Return on equity 
o	Equity multiplier 
 
3.	Which ratio measures...
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ACCOUNTING 333 CHAPTER 1 PRACTICE QUIZ
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ACCOUNTING 333 CHAPTER 1 PRACTICE QUIZ 
The treasurer and the controller of a corporation generally report to the: 
o	president. 
o	board of directors. 
o	chief executive officer. 
o	chief financial officer. 
o	chairman of the board. 
2.	Which one of these best describes the key difference between the duties of the controller and those of the treasurer? 
o	Separation of duties related to assets versus those related to debt and equity 
o	Separation of authority over tax records versus accounting ...
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ACCOUNTING 333 CHAPTER 3 PRACTICE QUIZ.
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ACCOUNTING 333 CHAPTER 3 PRACTICE QUIZ. 
1.	Financial ratios that measure a firm's ability to pay its bills over the short run without undue stress are often referred to as: 
o	asset management ratios. 
o	liquidity measures. 
o	leverage ratios. 
o	profitability ratios. 
o	utilization ratios. 
 
2.	Which one of these measures a firm's long-run ability to meet its obligations? 
o	Cash ratio 
o	Total asset turnover 
o	Quick ratio 
o	Return on equity 
o	Equity multiplier 
 
3.	Which ratio measures...
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ACCOUNTING 333 CHAPTER 1 PRACTICE QUIZ
- Exam (elaborations) • 5 pages • 2024
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ACCOUNTING 333 CHAPTER 1 PRACTICE QUIZ 
The treasurer and the controller of a corporation generally report to the: 
o president. 
o board of directors. 
o chief executive officer. 
o chief financial officer. 
o chairman of the board. 
2. Which one of these best describes the key difference between the duties of the controller and 
those of the treasurer? 
o Separation of duties related to assets versus those related to debt and equity 
o Separation of authority over tax records versus accountin...
-
ACCOUNTING 333 CHAPTER 3 PRACTICE QUIZ
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ACCOUNTING 333 CHAPTER 3 
PRACTICE QUIZ. 
1. Financial ratios that measure a firm's ability to pay its bills over the short run without undue stress 
are often referred to as: 
o asset management ratios. 
o liquidity measures. 
o leverage ratios. 
o profitability ratios. 
o utilization ratios. 
2. Which one of these measures a firm's long-run ability to meet its obligations? 
o Cash ratio 
o Total asset turnover 
o Quick ratio 
o Return on equity 
o Equity multiplier 
3. Which ratio measures...
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ACCOUNTING 333 FINAL CONCEPTUAL COMPREHENSIVE AND NEW MATERIAL UPGRADED EXAM 2023/2024
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ACCOUNTING 333 FINAL CONCEPTUAL 
COMPREHENSIVE AND NEW MATERIAL 
UPGRADED EXAM 2023/2024 
contribution margin - CORRECT ANSWER-Revenue - Variable Costs 
contribution margin ratio - CORRECT ANSWER-Contribution Margin / Revenue 
breakeven point (units) - CORRECT ANSWER-total fixed costs / CM per unit 
breakeven point (revenue) - CORRECT ANSWER-total fixed costs / CM ratio 
target profit (units) - CORRECT ANSWER-(Target Profit + Total Fixed Costs) / CM per unit 
target profit (revenue) - CORRECT A...
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ACCOUNTING 333 QUESTION AND 100% CORRECT ANSWERS 2023/2024
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ACCOUNTING 333 QUESTION AND 100% 
CORRECT ANSWERS 2023/2024 
The relevance of a particular cost to a decision is determined by the: (CMA adapted) - CORRECT 
ANSWER-potential effect on the decision 
Fixed costs are always classified as sunk costs in differential cost analysis - CORRECT ANSWER-False 
Albany Industries produces two products. Information about the products is as follows: 
Product 1 Product 2 
Units produced and sold 5,200 11,200 
Selling price per unit $ 23 $ 21 
Variable cost p...
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