A business producing packaged food products would have the follow

A business producing packaged food products would have the following variable costs:Select one: a. Ingredients b. Computers c. Packaging equipment Question 2 Question text Accounting is used to communicate financial information to 2 different groups, internal customers and external customers. External users are:Select one:a. People outside of the business like investorsb. Suppliersc. Stockholders Question 3 Question text Assets are just one of the accounts listed on the:Select one: a. statement of cash flows b. income statement c. balance sheet Question 4 Question text Break-even determines the point when ________ covers fixed expenses.Select one:a. Variable Costs  b. Salary Expense  c. Contribution Margin Question 5 Question text Contribution Margin covers fixed expense at:Select one:a. Equilibrium.  b. Break-even.  c. Year end. Question 6 Question text Eliza has just opened a new business near campus that is a combination of a laundromat, a nail salon, and a tanning studio. There is an accounting firm located just down the street and Eliza is paying them to do all of her accounting. At the end of the first quarter (three months of business), Eliza has several questions about how things are going. If she wants to understand how much debt the business has right now, then she should look at the ________ that her accountant has prepared.Select one:  a. the income statement  b. the statement of owner’s equity   c. the balance sheet  Question 7 Extotech has sales of $50 million, cost of goods sold for the same period of $15 million, and average inventory of $250,000. What is Exotech’s inventory turnover?Select one:a. 20b. 200c. 60 Question 8 Question text Financial accountants:Select one: a. provide information to external entities that allows them to evaluate business performance.  b. have a primary focus on providing managers within the organization with reports to make good business decisions.  c. summarize the company’s production activities in a way that allows managers to make decisions. Question 9 Question text Given a contribution margin of $20, if 10,000 units are produced at a cost of $400,000 what is the sales revenue in USD?Select one:  a. $600,000  b. $60  c. $200,000 Question 10 Question text In a manufacturing operation a variable cost necessary to produce the finished product includes:Select one: a. rent. b. parts. c. electricity. Question 11 Question text In a manufacturing operation building rent is considered:Select one: a. Variable Cost  b. Asset  c. Fixed Cost   Question 12 Question text Income statements and statement of owner’s equity are two of the financial statements used to explain changes in a business:Select one: a. during a period of time.  b. from the beginning of the business.  c. a specific moment in time. Question 13 Question text The accounting equation is:Select one: a. owner’s equity = assets + liabilities  b. liabilities = assets + owner’s equity  c. assets = liabilities + owner’s equity Question 14 Question text The balance sheet shows which type of account?Select one: a. net sales  b. purchases  c. assets Question 15 Question text The break-even point for a business is:Select one: a. the point where income is equal to expenses.  b. the point where costs exceed revenue.  c. the point where profitability is achieved. Question 16 Question text The income statement shows which types of accounts?Select one:  a. income  b. assets  c. credits    Question 17 Question text The main goal of accounting is to provide this kind of data to users:Select one: a. scientific data  b. employment data  c. financial data Question 18 Question text The No Doze Cafe coffee shop sells 50 different types of coffee to its patrons. It costs $4 for a cup of coffee. Each day it sells on average 500 cups of coffee. On the weekends it sells closer to 1000 cups of coffee. Here is a breakdown of the shop’s expenses per cup of coffee: Variable Costs:Item/Amount Coffee/Water$1.50;Paper Cup$0.30;Sweetener;$0.20 Fixed Costs:Item/Amount Labor$100/day per employee;Store Space Rent$800/month What is the contribution margin for the shop selling one cup of coffee on an average day?Select one: a. $2.50 b. $1.92 c. $2.00 Question 19 Question text The ________ provides a snapshot of the company’s financial position at a specific point in time.Select one: a. income statement  b. statement of cash flows  c. balance sheet Question 20 Question text The ________ shows the income and expenses of a company over a period of time.Select one:  a. statement of cash flows  b. balance sheet  c. income statement

Online Custom Essay

Cost of your order

Pages
{{total || ""}}

Why Choose Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission and Business Papers

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Editing

Editing and Proofreading

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Coursework

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

eskort eskişehir - adana eskort - escort - izmit eskort - mersin eskorteskort eskişehir - adana eskort - escort - izmit eskort - mersin eskort