# ACCT300/ACCT 300 week 7 quiz Final Exam (40/40) GUARANTEE - 93016

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Question 1 of 40

2.5 Points

Book value is computed as:

A.current market value less residual value.

B.cost less residual value.

C.current market value less accumulated depreciation.

D.cost less accumulated depreciation.

Question 2 of 40

2.5 Points

The first month of operation showed the net cash from operating activities to be \$3,760, the net cash from investing activities to be (\$5,415), and the ending cash balance to be \$3,425. The net cash from financing activities must be:

A.\$1,770.

B.\$5,080.

C.\$5,750.

D.\$12,600.

Question 3 of 40

2.5 Points

The percentage analysis of increases and decreases in corresponding items in comparative financial statements is referred as vertical analysis.

A. True

B. False

Question 4 of 40

2.5 Points

Merchandise inventory shrinkage will increase Merchandise Inventory.

A. True

B. False

Question 5 of 40

2.5 Points

If employees accept a wage contract that decreases the unit contribution margin, the break-even point will decrease.

A. True

B. False

Question 6 of 40

2.5 Points

If the total unit cost of manufacturing Product Y is currently \$40 and the total unit cost after modifying the style is estimated to be \$48, the differential cost for this situation is \$48.

A. True

B. False

Question 7 of 40

2.5 Points

East, Inc. had beginning inventory of \$10,000, purchases of \$25,000, and ending inventory of \$5,000. What is East’s cost of merchandise sold?

A.\$10,000

B.\$25,000

C.\$5,000

D.\$30,000

Question 8 of 40

2.5 Points

The relationship of \$225,000 to \$100,000, expressed as a ratio, is:

A.2.0 to 1.

B.1.8 to 1.

C.1.5 to 1.

D.2.25 to 1.

Question 9 of 40

2.5 Points

The accrual basis of

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