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Question 23
Most of the manufacturing costs for a product are determined in the:
| | A. | design stage. |
| | B. | preproduction stage. |
| | C. | at maturity. |
| | D. | during production. |
2 points
Question 24
Which of the following are relevant in deciding whether to accept or reject a special order?
| | A. | The impact the order will have on existing business. |
| | B. | The price that will be charged on the special order. |
| | C. | The incremental cost of filling the special order. |
| | D. | All of the above. |
2 points
Question 25
Which of the following statements about prices and profit is true?
| | A. | Higher prices combine with lower demand to change the level of profits. |
| | B. | Higher prices always lead to lower demand and lower profits. |
| | C. | Higher prices will be offset by lower demand so profits will stay constant. |
| | D. | Higher prices always lead to higher profits. |
Question 34
Cash flows related to long-term liabilities and stockholders' equity items are classified as:
| | A. | investing activities. |
| | B. | financing activities |
| | C. | operating activities. |
| | D. | non-cash activities. |
2 points
Question 35
Cash received from interest and dividends is classified on the statement of cash flows as:
| | A. | financing cash outflows. |
| | B. | financing cash inflows. |
| | C. | investing cash inflows. |
| | D. | operating cash inflows. |
2 points
Question 36
Cash flows from investing activities include all of the following, except:
| | A. | collections from long-term loans. |
| | B. | collection of interest on a note receivable. |
| | C. | proceeds from the sale of a building. |
| | D. | investments in other companies' securities. |
2 points
Question 37
Cash flows related to buying and selling long-term assets are classified as:
| | A. | non-cash activities. |
| | B. | investing activities. |
| | C. | operating activities. |
| | D. | financing activities. |
2 points
Question 38
Cash flows relating to financing activities include:
| | A. | payment of principal on notes payable. |
| | B. | payment of interest on notes payable. |
| | C. | receipt of dividends from stock investments. |
| | D. | making loans to other entities. |
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