Homework Answers
| All of the above may lead to lower accounting quality |
| Managers' random estimation errors may lead to improper reporting of financial statement items. |
| Rigid accounting rules eliminates managerial flexibility leading to lower Accounting Quality. |
| Biased accounting choices by managers such as incomplete disclosure, higher management compensation may lead to lower accounting quality. |
| Option D is correct |
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Which of the following may lead to lower accounting quality? Select one: O a. Managers' random...
Which of the following can help managers to take a "big earnings bath" and report lower...
Which of the following can help managers to take a "big earnings bath" and report lower net income? Select one: O a. Decrease accruals O b. Decrease inventory O c. Write down goodwill d. All of the above Which of the following can help managers to take a "big earnings bath" and report lower net income? Select one: O a. Decrease accruals O b. Decrease inventory O c. Write down goodwill d. All of the above
Which of the following could be earnings benchmarks that managers need to consider? Select one: O...
Which of the following could be earnings benchmarks that managers need to consider? Select one: O a. Zero earnings O b. Last years' earnings O c. Analysts' earnings forecasts d. All of the above
accounting multiple choice Which of the following best describes the advantages of using a predetermined overhead...
accounting multiple choice
Which of the following best describes the advantages of using a predetermined overhead rate? Select one or more: a. Both (a) and (C) above. b. Overhead costs are applied evenly throughout the year rather than fluctuating from month to month. c. Predetermined rates require managers to wait until long after the accounting period to get an estimate of product costs. d. Total unit costs of production are known sooner than using actual overhead rates, and overhead costs...
Which one of the following statements exemplifies a culture that is supportive of innovation? A. Managers select emp...
Which one of the following statements exemplifies a culture that is supportive of innovation? A. Managers select employees for problem-solving teams. B. Employees must obtain approval before taking any action. C. Production output supersedes quality. D. Employees are allowed to independently define their work. O OC
Which of the following will affect a company's dividend policy? Select one O A. The amount...
Which of the following will affect a company's dividend policy? Select one O A. The amount of new investment projects available. O B. The preferences for dividends or capital gains of its shareholders. ° C. Legal rules concerning the protection of the firm's capital. O D.'All of the above.
Stock valuation model dynamics make clear that lower discount rates lead to Select one: A. lower...
Stock valuation model dynamics make clear that lower discount rates lead to Select one: A. lower growth rates. o o B. lower valuations. C. higher valuations. D. higher growth rates. The Wall Street Journal reports that the current rate on 5-year Treasury bonds is 7.55 percent, on 10-year Treasury bonds is 8.05 percent, and on a 10-year corporate bond is 10.10 percent. Assume that the maturity risk premium is zero for all securities. If the default risk premium and liquidity...
Which of the following is excluded from calculations of GDP? . Select one: O a. Goods...
Which of the following is excluded from calculations of GDP? . Select one: O a. Goods that bring little value to society. O b. Income received by managers of corporations. O c. Used items such as cars, and purchases on E-Bay. O d. Items that are exported for sale overseas. Question 29 Not yet answered Points out of 1.00 P Flag question Which of the following is government spending on goods and services? Select one: O a. Medicare benefits. O...
Managerial accounting is primarily focused on Select one: O A. following generally accepted accounting principles. B....
Managerial accounting is primarily focused onSelect one:A. following generally accepted accounting principles.B. providing internal special-purpose information and reports.C. providing information for internal and external users.D. providing general purpose financial statements.Which of the following phrases is most descriptive of financial accounting?Select one:A. Subject to cost-benefit analysisB. Future-orientedC. Follows GAAPD. May measure time or customer satisfactionWhich of the following phrases is primarily relevant to managerial accounting as opposed to financial accounting?Select one:A. Helping managers make decisionsB. Summarizing information about past eventsC. Calculating...
2. Which of the following is not a dimension of service quality? Select one: a. responsiveness...
2. Which of the following is not a dimension of service quality? Select one: a. responsiveness b. conformance c. tangibles d. assurance e. convenience 4. A Quality Analyst wants to construct a control chart for determining whether three machines, all producing the same product, are under control with regard to a particular quality variable. Accordingly, he sampled four units of output from each machine, with the following results : Machine #1 measurements [13, 16, 21, 16]; Machine #2 measurements [...
7. The term Six Sigma refers to: Select one: a. The control limits established in a...
7. The term Six Sigma refers to: Select one: a. The control limits established in a Pareto-analysis chart. b. A quality-performance standard that requires all products and services to meet the target value exactly, with no variation. c. A business process-improvement approach that seeks to find and eliminate causes of defects and errors. d. The quality expectation embodied in a robust-quality performance standard. e. The quality requirement specified for ISO 9000 certification 8. A proper role for accounting in terms...
Which of the following can help managers to take a "big earnings bath" and report lower net income? Select one: O a. Decrease accruals O b. Decrease inventory O c. Write down goodwill d. All of the above Which of the following can help managers to take a "big earnings bath" and report lower net income? Select one: O a. Decrease accruals O b. Decrease inventory O c. Write down goodwill d. All of the above
Which of the following could be earnings benchmarks that managers need to consider? Select one: O a. Zero earnings O b. Last years' earnings O c. Analysts' earnings forecasts d. All of the above
accounting multiple choice
Which of the following best describes the advantages of using a predetermined overhead rate? Select one or more: a. Both (a) and (C) above. b. Overhead costs are applied evenly throughout the year rather than fluctuating from month to month. c. Predetermined rates require managers to wait until long after the accounting period to get an estimate of product costs. d. Total unit costs of production are known sooner than using actual overhead rates, and overhead costs...
Which one of the following statements exemplifies a culture that is supportive of innovation? A. Managers select employees for problem-solving teams. B. Employees must obtain approval before taking any action. C. Production output supersedes quality. D. Employees are allowed to independently define their work. O OC
Which of the following will affect a company's dividend policy? Select one O A. The amount of new investment projects available. O B. The preferences for dividends or capital gains of its shareholders. ° C. Legal rules concerning the protection of the firm's capital. O D.'All of the above.
Stock valuation model dynamics make clear that lower discount rates lead to Select one: A. lower growth rates. o o B. lower valuations. C. higher valuations. D. higher growth rates. The Wall Street Journal reports that the current rate on 5-year Treasury bonds is 7.55 percent, on 10-year Treasury bonds is 8.05 percent, and on a 10-year corporate bond is 10.10 percent. Assume that the maturity risk premium is zero for all securities. If the default risk premium and liquidity...
Which of the following is excluded from calculations of GDP? . Select one: O a. Goods that bring little value to society. O b. Income received by managers of corporations. O c. Used items such as cars, and purchases on E-Bay. O d. Items that are exported for sale overseas. Question 29 Not yet answered Points out of 1.00 P Flag question Which of the following is government spending on goods and services? Select one: O a. Medicare benefits. O...
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