BUS 475 Final Exam

A final exam covering business concepts, strategic decision-making, and case analysis.

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BUS 475 Final Exam1) Which one of the following items is not generally used in preparing a statementof cash flows?A.Adjusted trial balanceB.Comparative balance sheetsC.Additional informationD.Current income statement2) One of Astro Company's activity cost pools is machine setups, with estimatedoverhead of $150,000. Astro produces sparklers (400 setups) and lighters (600setups). How much of the machine setup cost pool should be assigned to sparklers?A.$150,000B.$60,000C.$90,000D.$75,0003) Of the following companies, which one would not likely employ the specificidentification method for inventory costing?A.Music store specializing in organ salesB.Antique shopC.Farm implement dealershipD.Hardware store4) Which one of the following is a product cost?A.Indirect laborB.Sales person’s salariesC.Office salariesD.Advertising costs5) The conceptual framework developed by the Financial Accounting StandardsBoard __________.A.was approved by a vote of all accountantsB.is viewed as providing a constitution for setting accounting standards forfinancial reportingC.are rules that all accountants must followD.is legally binding on all accountants

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University

University of Phoenix

Course

BUS 475

Subject

Business Management

BUS 475 Final Exam

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