C4 Classify Accounts

production costs – Produktionskosten
Gathering cost information through observations and interviews from departments within an organization is known as the:
a. account analysis method
b. conference method
c. industrial engineering method
d. quantitative analysis method – b. conference method
Dishonored (NSF) Check – A check returned to the depositor unpaid because of insufficient funds in the drawer's account; also called an NSF check.
The biz buys equip w/ $, assets __ – Decrease
Remuneration – 'A' of business income
accounting period – period of time an income statement is prepared
The dynamic range of inducible promoters are often greater than that of riboswitches.  
Investing Activities – Spending the capital a company receives in productive ways that will help it achieve its objectives.
Owners equity – The amount remaining after the value of all liabilities is subtracted from the value of assets
The number of units in the sales budget and the production budget may differ because of a change in:
a. finished goods inventory levels
b. overhead charges
c. direct material inventory levels
d. sales returns and allowances – a. finished goods inventory levels
Ethics – The Standards of conduct by which one's actions are judged as right or wrong, honest or dishonest, fair or not fair.
Financial accounting – The process that cumulates in preparation of financial reports on the enterprise for the use by both internal and external parties.

Users of these financial reports include investors, predators, managers, unions, and government agencies.

Operating – involve putting the resources of the business into action to generate a profit
The dynаmic rаnge оf inducible prоmоters аre often greater than that of riboswitches.  
Purchases – an account used in the periodic inventory system that is not used in the perpetual inventory system
SEC – Securities and exchange commission
An unfavorable variance indicates that:
a. actual costs are less than budgeted costs
b. actual revenues exceed budgeted revenues
c. the actual amount decreased operating income relative to the budgeted amount
d. All of these answers are correct. – c. the actual amount decreased operating income relative to the budgeted amount

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