ACCT434 Week 2 Quiz

ACCT 434 WEEK 2 QUIZ – DEVRY

ACCT 434 WEEK 2 QUIZ – DEVRY

1. (TCO 2) Operating budgets and financial budgets (Points : 5)

2. (TCO 2) A budget can help implement (Points : 5)

3. (TCO 2) Financial budgets include the (Points : 5)

4. (TCO 2) A feature of a standard-costing system is that the costs of every product or service planned to be worked on during the period can be computed at the start of that period. This feature of standard costing makes it possible to (Points : 5)

5. (TCO 2) An unfavorable variance indicates that (Points : 5)

6. (TCO 2) When standards are used to develop a budget, (Points : 5)

7. (TCO 2) Overhead costs have been increasing due to all of the following except (Points : 5)

8. (TCO 2) Katie ACCT 434 Week 2 Quiz Enterprises reports the year-end information from 20X8 as follows: Sales (70,000 units) $560,000; Cost of goods sold 210,000; Gross margin 350,000; Operating expenses 200,000; Operating income $150,000. Katie is developing the 20X2 budget. In 20X2, the company would like to increase selling prices by 4%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. What is budgeted cost of goods sold for 20X2? (Points : 5)

9.(TCO 2) Hester Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for the fiscal year of July 1, 20×2, through June 30, 20×3.
July 1, 20×2 June 30, 20×3
Raw material (note) 40,000 10,000
Work in process 8,000 8,000
Finished goods 30,000 5,000

(note) Three units of get more info raw material are needed to produce each unit of finished product.


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ECN 601 Grand Canyon

ECN 601 Grand Canyon Week 7 Complete Work (January 2016)


ECN601


ECN 601 Grand Canyon Week 7 Discussion 1 (January 2016)

In the early stage of her administration, Fed Chair Janet Yellen focused on maintaining a monetary policy of low interest rates to continue the Fed’s efforts to stimulate the economy. However, the article assigned indicates she faces some longer-term challenges. Identify one of these challenges, and describe what the article said about the interaction between Fed policy and this issue. What do you think she should do with regard to the issue you identified?



ECN 601 Grand Canyon Week 7 Discussion 2 (January 2016)


Economists believe that the current values of the deposit multiplier and the money multiplier are widely divergent. Why might these values differ at present? What (if anything) do you think must happen for more info them to converge once again?



ECN 601 Grand Canyon Week 7 Assignment (January 2016)

Chapter 13 and 14 Problems

Details:

Complete the following:

1- Chapter 13, Technical ECN 601 GCU Week 7 Complete Questions 1, 3, and 5 in website the textbook.

2- Chapter 13, Application Question 1 in the textbook.

3- Chapter 14, Application Question 1 in the textbook.

Follow these instructions for completing and submitting your assignment:

1- Place all answers, both numerical and written, in a single excel spreadsheet.

2- Place each problem into a separate tab or sheet in an Excel file.

3- Place labels on spreadsheet inputs and outputs, and use the yellow highlighter on the top menu bar to highlight your final answer.

4- If the question incorporates graphs, you must replicate the graph on your spreadsheet file.

5- Do not submit Word files or multiple files for a single assignment.

You are not required to submit this assignment to Turnitin.

ECN 601 Grand Canyon Week 7 Complete Work (January 2016)

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