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For a retail store, cost of goods sold don’t include
A.Manufacturing Labor costs
B.Manufacturing overhead costs
C.Manufacturing Materials costs
D. All of the above
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The Correct Answer
D
……… useing financial reporting to negotiate wages & fringe benefits.
A.Shareholder
B.Suppliers
C.Regulatory agencies
D.Employee
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The Correct Answer
D
The Explanation
the salary policy of employees according to negotiation such areas as pay, fringe benefits (such as Medical insurance and retirement plans) , work schedules; that based on the employees ’contribution to the firm’s performance
Project the firm’s sales. Most other forecasts (budgets) follow the sales forecast. The statistical methods of forecasting sales except
A.Time-series analysis
B.Exponential smoothing
C.Regression analysis
D.Previous experience
The Correct Answer
D
The Explanation
Previous experience don’t classified as a statistical method of forecasting sales
Next; External stakeholder except
A.Government agencies
B. Creditors
C. board of directors (BOD)
D. Lenders
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The Correct Answer
C
The Explanation
|
Users of Financial Statements |
External Users | Internal Users | Direct Interests | Indirect Interests |
|
Management board of directors(BOD) Employees manager directors Owner investor Shareholder |
√ | √ |
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| ———————————-
potential investors Suppliers Creditors bondholder |
√ | √ |
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———————————- Regulatory agencies Government agencies Stock markets financial advisors |
√ |
√ |
The role of CMA’S holder in their firms.
A. Decision making
B. Decision support
C. Follow-up
D. all the above
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The correct answer
B. Decision support
Explanation
CMA’S holder use a quantitative methods to determine the benefits, adaptations and risks for decision , and this is presented to the decision maker, who may be the owners, board of directors, or executive director.
That are present obligation n result from past event to predicted future benefits for business unit or by other words the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events.
A. Liabilities
B. Assets
C. Shareholders’ equity
D. Revenue
The Correct Answer
A
The future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events.
A. Liabilities
B. Assets
C. Shareholders’ equity
D. Revenue
The Correct Answer
A
That are any resource controlled by the entity result from past event predicted future economic interest for the business unit. Those can classification to tangible or intangible to add economic value for the business unit.
A. Liabilities
B. Assets
C. Shareholders’ equity
D. Revenue
The Correct Answer
B
Next; use financial reporting to extending or withholding credit except
A. Creditors
B. Employee
C. Bondholder
D. Suppliers
The Correct Answer
B
The Explanation
Creditors, Bondholder and Suppliers using financial reporting to extending or withholding credit; but Employee using financial reporting to negotiate wages & fringe benefits.