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Chapters 1-4 The Accounting Cycle
Chapters 5-8 Current Assets
Chapters 9-11 Long-Term Assets
Chapters 12-14 Liabilities/Equities
Chapters 15-16 Using Information
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20 Managerial/Cost
Chapters 21-24 Budgeting/Decisions

Chapter 24 - Goals Achievement

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Chapter 24 – Goals Achievement

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Goals Achievement
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Question 1 of 12

1. Question
Which of the following is virtually impossible to measure in dollars?
- sunk costs
- qualitative factors
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Incorrect
Question 2 of 12

2. Question
With special order pricing, the goal is to produce items with the highest contribution margin per sales dollar.
- true
- false
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Question 3 of 12

3. Question
In deciding whether to delete a particular department, the most important element is an analysis of the contribution margin. If the contribution margin for a particular department is positive, the unit should not be discontinued.
- true
- false
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Question 4 of 12

4. Question
The evaluation of programs and projects that influence the financial performance of more than a single accounting period is called:
- capital budgeting
- master budgeting
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Question 5 of 12

5. Question
In evaluating a capital expenditure proposal, management should identify and evaluate the amount of an investment, the periodic returns from an investment, and which rate of return?
- highest rate of return acceptable to the company
- lowest rate of return acceptable to the company
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Question 6 of 12

6. Question
The collective cost of funds employed by a firm is referred to as the cost of capital.
- true
- false
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Question 7 of 12

7. Question
The present value of an amount to be received in the future is computed through a process called:
- annuitization
- discounting
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Question 8 of 12

8. Question
Individual present value factors may be computed from individual future value factors by computing the future value factor’s:
- accumulated interest
- reciprocal
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Question 9 of 12

9. Question
The present value of an annuity to be received in years six through ten can be calculated by subtracting a certain amount from the present value factor for an annuity for periods one through ten. The amount of the subtracted factor is:
- the present value factor for an annuity that covers periods one through five
- the present value factor for a single payment amount related to year five
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Question 10 of 12

10. Question
Depreciation is ordinarily excluded from present value calculations because depreciation is of what nature?
- cash
- noncash
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Question 11 of 12

11. Question
In considering the impact of income taxes on cash flows, both revenues and expenses are likely to be affected.
- true
- false
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Question 12 of 12

12. Question
Which method measures the amount of time it takes to cover a project’s initial cash investment?
- payback method
- accounting rate of return
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Chapters 1-4
Chapters 5-8
Chapters 9-11
Chapters 12-14
Chapters 15-16
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20
Chapters 21-24
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