ACG 2071 Study guides, Class notes & Summaries

trend analysishorizontal = all yrs. / base yr vertical analysiscurrent period acid-test ratio(cash + marketable + ar + short-term nr) / current liabilities current ratiocurrent assets / current liabilities working capitalcurrent assets - current liabilities AR Turnover Ratiosales / avg. AR balance Average collection period365 / ARTR

Which of the following statements is true of the budgeting process? It is a continuous process that encourages communication. Which of the following is an example of the planning function of a budget? The budget outlines a specific course of action for the coming period. Which of the following is an example of the coordination and communication function of a budget? A budget demands integrated input from different business units and functions. Which of the following is an example of the...

CVP analysis focuses on how profits are affected by ______.total fixed costs unit variable cost mix of products sold sales volume selling price Vivian's Violins has sales of $326,000, contribution margin of $184,000 and fixed costs total $85,000. Vivian's Violins net operating income is Blank______.$99,000 Contribution margin is first used to cover _______ expenses. Once the break-even point has been reached, contribution margin becomes ________fixed , profit Which of the following ...

Users of informationFinancial: external; gov.t regulators, creditors, stockholders Managerial: internal; managers purpose of informationFinancial: help external user making investing and lending decisions Managerial: help managers plan, direct and control operations and make decisions primary productFinancial: financial statements Managerial: variety of useful internal reports reporting formatFinancial: GAAP Managerial: whatever is usefu

CVP analysis focuses on how profits are affected by ______.total fixed costs unit variable cost mix of products sold sales volume selling price Vivian's Violins has sales of $326,000, contribution margin of $184,000 and fixed costs total $85,000. Vivian's Violins net operating income is Blank______.$99,000 Contribution margin is first used to cover _______ expenses. Once the break-even point has been reached, contribution margin becomes ________fixed , profit Which of the following ...

trend analysishorizontal = all yrs. / base yr vertical analysiscurrent period acid-test ratio(cash + marketable + ar + short-term nr) / current liabilities current ratiocurrent assets / current liabilities working capitalcurrent assets - current liabilities AR Turnover Ratiosales / avg. AR balance Average collection period365 / ARTR

Users of informationFinancial: external; gov.t regulators, creditors, stockholders Managerial: internal; managers purpose of informationFinancial: help external user making investing and lending decisions Managerial: help managers plan, direct and control operations and make decisions primary productFinancial: financial statements Managerial: variety of useful internal reports reporting formatFinancial: GAAP

Which of the following statements is true of the budgeting process? It is a continuous process that encourages communication. Which of the following is an example of the planning function of a budget? The budget outlines a specific course of action for the coming period. Which of the following is an example of the coordination and communication function of a budget? A budget demands integrated input from different business units and functions. Which of the following is an example of the...

ACG 2071 Exam 1 With Correct Questions And Answers 2024

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