WorksheetsManagerial Accounting
Total questions: 25
Worksheet time: 8mins
Process of identifying, measuring, analyzing, interpreting and communicating information to the organization.
(a)
True or False : Within the relevant range, the price behavior is valid
True
False
This is the fourth step in calculating the High-Low Method
(a)
Formula for debt ratio
Total assets/Total liabilities
Total Liabilities/Total assets
Yes or No : If current assets is twice the current liabilities the current ratio is 1:2
Yes
No
The day-to-day work of management includes the following : decision making, planning (a) controlling
True or False : The cost pool is an account in which a variety of similar costs are accumulated.
True
False
This is the first step in calculating the High-Low Method
(a)
Formula for Return on Investment
(a)
Yes or No : If current assets is higher than current liabilities, it is a favorable net working capital
Yes
No
The following maybe sources of information except
economists
marketer
skeptics
banker
True or False : The cost driver is the intermediate and final disposition of cost pools.
True
False
This is the last step in calculating the High-Low Method
(a)
Formula for Return on Equity
(a)
Yes or No : If sales become equal to net income, the company is at breakeven
Yes
No
Estimates behavior of costs for various level of activity
(a)
True or False : The direct cost is the cost that is matched against revenue in the time it is incurred.
True
False
This is the second step in calculating the High-Low Method
(a)
Formula for Quick Ratio
(a)
Yes or No : If dividend per share grows while market price per share remains constant, it indicates positive effect to preferred stockholders
Yes
No
Evaluating alternative proposals for long term investments in fixed assets
(a)
True or False : The manufacturing cost is composed of overhead, materials and labor
Yes
No
This is the third step in calculating the High-Low Method
(a)
Formula for Net Working Capital
(a)
Yes or No : It is better to have longer number of days in inventory
Yes
No
