Choose a topic to test your knowledge and improve your Business Accounting skills
The amount spent by a publishing company to pay for manufacturing its books is called ________.
Under the _____, partnership assets are arranged in a certain order to pay any outstanding debts.
When a business records accrued interest expense on a note payable ________.
Because ________ are less liquid for the depositor than ________, they earn higher interest rates.
Bank capital is equal to ________ minus ________.
The contribution margin income statement presents ________ below the contribution margin line.
When a division is operating at capacity, the transfer price should be ________.
With _____, marketers group people by their values, attitudes, personality, and lifestyle.
Set up time is disregarded as an improvement priority under the ____ manufacturing concept.
By increasing ________, a manager can increase operating income under absorption costing.
Calculating gross pay for hourly workers is an example of ________ decision making.
Changes in activity have a(n) _________ effect on fixed costs per unit
When a company uses the allowance method to measure bad debts, ________.
When discussing weighing schemes for calculating the weighted average cost of capital, ________.
When the sales price per unit decreases, the contribution margin per unit ________.
The income statement of a service company will most likely include _______
When a company pays cash for a long-term investment in bonds, ________.
________ includes general management, finance, accounting, legal, and government affairs.
__________ is the total combined values of all of the companyβs customers.
A shortened form of the ledger is called a ________.
An entity that buys goods and sells them to customers at a markup is a ________.
An unfavorable flexible budget variance in operating income might be due to a(n) ________.
At the maturity of a note payable, a borrower will pay ________.
Discounted cash flow methods, such as net present value and internal rate of return, ________.
Dividends normally carry a _______ balance and are shown in the ______________.
In multiple regression, plot the residuals against ____ to detect changing variability
Inventory reduction is a ____ principle.
Payment cards with disposable numbers are known as _____.
The commitment concept says that plans should ________.
The current portion of long-term notes payable is ________.
The direct materials budget is prepared using information from the ________ budget.
The ima?s ethical standards include all of the following except ________.
The predetermined overhead allocation rate is calculated by dividing ________.
When preparing the cost of goods sold budget, ________.
_____ are people who are prompted to apply for a job by someone within the organization.
The amount of net income is transferred from ________ to ________.
____ manufacturing philosophy emphasizes quality and zero defects.
All fixed costs are listed ________ on a contribution margin income statement.
Given a price of p2, this firm in a purely competitive industry should ___________
The ________ capital budgeting method uses accrual accounting income.
Under variable costing, a unit of a product includes ________.
Reduction in production cost results in ________.
The entry to record the purchase of direct materials on account would include a ________.
The interest rate that investors demand to earn for loaning their money is known as the ________.
Total revenue divided by ________ = units sold.
Underallocated overhead occurs when ________.
A cost center responsibility report ________.
In a negative message regarding a transaction, the salutation should be _____.
When 1,000 shares of $3 stated value common stock is issued at $18 per share, ________.
All of the following are assets except ________.
The revenue recognition principle guides accountants in ________
_______ relate to the effort spent in making sales.
When deciding whether to discontinue a segment of a business, relevant costs include ________.
Activity drivers can be classified as either ____ or ____.
At the internal rate of return, the present value of net cash inflows will equal the ________.
A short-term creditor is primarily interested in the __________ of the borrower.
The cost of goods sold is subtracted from sales to arrive at _____.
________ are a company's decision makers.
Long-term investments are made by the investment center manager for the purpose of ________.
Volatility refers to the degree of ________ within an environment.
________ is pay stated as a percentage of a sale amount.
A ____ invests money in the business but has no management responsibility.
A _____ cost occurs when the amount used varies based on the volume of service provided.
____ define(s) the specific types of people the advertiser wants to reach.
_____ are numbers or letters assigned in a specific order.
When a company receives cash from customers before earning the revenue, _________ will be credited.
____ manufacturing deals with several suppliers in hopes of finding the best price.
A correlation coefficient of _____ provides the greatest possible risk reduction to the firm.
If a company retires preferred stock, ________.
The ________ capital budgeting model considers both profitability and the time value of money.
Disaster recovery typically looks at the __________.
In the accompanying figure, the book rep table displays in ____.
Proponents of the emh typically advocate __________.