Quiz 2 Foundations Of Accounting, with answers PDF

Title	Quiz 2 Foundations Of Accounting, with answers
Author	joe doe
Course	Foundations Of Accounting
Institution	University of Texas at Austin
Pages	5
File Size	46.7 KB
File Type	PDF
Total Downloads	59
Total Views	138

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quiz...

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Quiz 1. For your lemonade company's decision whether or not to cater the special event, which of the following costs were ignored? A. B. C. D. E.

Advertising Lemons Cups Ice None of the above

Quiz 2. When deciding whether to replace some equipment, the purchase price of the new equipment is a A. B. C. D.

relevant cost. semi-relevant cost. sunk cost. none of the above

Quiz 3. Which financial statement would most likely provide the data necessary to analyze a special pricing decision? A. B. C. D. E.

Income statement Balance sheet Statement of owners’ equity Statement of results Statement of costs

Quiz 4. In the “make” portion of a make or buy decision, variable production costs A. B. C. D.

should be doubled. should be ignored. should never be ignored. are sometimes ignored.

Quiz - Answers 1. 2. 3. 4.

A A A C...