03 Oct, 2023

acct 202 first exam

There are 31 questions in the file attached 1. award: 1.61 out of 1.61 points Ozols Corporation’s most recent income statement appears below: Sales (all on account) $713,000 Cost of goods sold 305,000 Gross margin 408,000 Selling and administrative expense 175,000 Net operating income 233,000 Interest expense 64,000 Net Income before taxes 169,000 Income taxes […]

6 mins read

Justcookbooks.com Part I and Part II

Q:You are starting your own Internet business. You decide to form a company that will sell cookbooks online. Justcookbooks.com is scheduled to launch 6 months from today. You estimate that the annual cost of this business will be as follows:Technology (Web design and maintenance)$5,000Postage and handling$1,000Miscellaneous$3,000Inventory of cookbooks$2,000Equipment$4,000Overhead$1,000Part I 1 graph plus calculationsYou must give […]

1 min read

ACC 201 week 2 assignment 1

ACC 201 week 2 assignment 1 3 – 22 Identifying product and period cost Indicate whether each of the following costs is a product cost or a period (selling and administrative) cost. Advertising expense. Insurance on vans used to deliver goods to customers. Salaries of sales supervisors. Monthly maintenance expense for a copier. Good purchased […]

1 min read

mba-560 test 2

Problem 1. The May 31, 2012, balance per bank statement for Upton Company was $7,200. The cash balance per books was $9,500. Outstanding checks amounted to $800, and deposits in transit were $2,400. The bank statement contained an NSF check for $500, a service charge for $25, and a debit memo for direct payment of […]

1 min read


1) Managerial finance A) involves tasks such as budgeting, financial forecasting, cash management, and funds procurement. B) involves the design and delivery of advice and financial products. C) recognizes funds on an accrual basis. D) devotes the majority of its attention to the collection and presentation of financial data. 2) High cash flow is generally […]

11 mins read