ACCT 301 (Essential of Accounting)
Week 6: Pricing – Discussion
Why is budgeting important for a company? What are some reasons that a company would not prepare a budget?
Responsibility Accounting (Graded)
Describe responsibility accounting and its purpose. What conditions are necessary for responsibility accounting to be used effectively?
Week 6 Assignments:
ACCT 301 Week 6 Homework Problems
ACCT 301 Week 6 Quiz (15 MCQ’s)
- (TCO 9) Which one of the following stages of the management decision-making process is properly sequenced?
- (TCO 9) When is incremental analysis most useful?
- (TCO 9) Which of the following will never be a relevant cost?
- (TCO 9) A company is deciding whether or not to replace some old equipment with new equipment. Which of the following is not considered in the incremental analysis?
- (TCO 9) It costs Lannon Fields $14 of variable costs and $6 of allocated fixed costs to produce an industrial trash can that sells for $30. A buyer in Mexico offers to purchase 2,000 units at $18 each. Lannon has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income?
- (TCO 9)Wishnell Toys can make 1,000 toy robots with the following costs:
- (TCO 9) All of the following are relevant to the sell or process-further decision, except for __________.
- (TCO 8)Most of the capital budgeting methods use __________.
- (TCO 8) The capital budgeting decision depends in part on the __________.
- (TCO 8) The cash-payback technique __________.
- (TCO 8) All of the following statements about intangible benefits in capital budgeting are correct, except that they __________
- (TCO 8) The profitability index __________.
- (TCO 8) Post audits of capital projects __________.
- (TCO 8) A company has a minimum required rate of return of 9% and is considering investing in a project that costs $50,000 and is expected to generate cash inflows of $20,000 at the end of each year for 3 years. The profitability index for this project is __________
- (TCO 8)Disadvantages of the annual rate of return method include all of the following, except that____