ACCT 301 Week 8 Final Exam

ACCT 301 Week 8 Final Exam

ACCT 301 Week 8 Final Exam

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1.What is the accounting equation? Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation?

2. What are the four basic financial statements? Describe the statement of cash flows, and explain why it is important.
3. What is the Sarbanes-Oxley Act? Why is it important to accounting investors?
4. What is horizontal analysis of financial statements? Which analysis do you think is better—horizontal or vertical?

Essay Questions:

Why is capital budgeting important? What is the cash payback period? How is it calculated?

What are five different types of decisions that could use incremental analysis? What are the relevant costs in a make-or-buy decision?

How is a transfer price determined? What are the two methods to determine transfer price? Which do you think is better?

What is manufacturing overhead? Give an example of manufacturing overhead. What is a product cost?

What is CVP analysis? Why is this an important analysis for a company to perform?

What is an operating budget? What does it result in? What is the first step in completing an operating budget?

What is a profit center? What is the controllable margin used for? How does a profit center differ from a cost center?

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ACCT 301 Entire Course Essentials in Accounting

ACCT 301 Week 1 Homework

ACCT 301 Week 2 Discussion Internal Controls

ACCT 301 Week 2 Homework

ACCT 301 Week 2 Quiz

ACCT 301 Week 3 Discussion Financial Statement Analysis

ACCT 301 Week 3 Homework

ACCT 301 Week 4 Discussion Managerial Accounting

ACCT 301 Week 4 Homework

ACCT 301 Week 4 Midterm Exam (3 Sets)

ACCT 301 Week 5 Discussion Budgets and Productivity

ACCT 301 Week 5 Homework

ACCT 301 Week 6 Discussion Pricing

ACCT 301 Week 6 Homework

ACCT 301 Week 6 Quiz

ACCT 301 Week 7 Discussion Capital investment and Incremental

ACCT 301 Week 7 Homework

ACCT 301 Week 8 Discussion Looking Ahead

ACCT 301 Week 8 Final Exam

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