Quiz – Messenger Corporation
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given a partial trial balance they ask you to determine the company’s working capital at year-end.
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Your numbers will vary.
Given a partial trial balance they ask you to determine the company’s working capital at year-end.
Your numbers will vary.
Which of the following factors would explain why Michigan Energy’s cash increased if it had a negative cash flow last year?a. The company sold a new issue of bonds.b. The firm heavily invested in plant and equipment.c. The firm paid an enormous dividend.d. The firm incurred high depreciation charges.e. The company repurchased 20% of its…
Given monthly data for periods 1 through 8 and the actual data, determine the moving average forecast for a given month.
Your numbers will vary.
New Oaks Winery Company requires two months to produce the wine, and two total years to age it in barrels, then one month to bottle it, and two months to sell it, and then one month to collect the receivable. Its operating cycle is:
Notes payable due in two years are:
Given a balance sheet they ask you to determine the acid-test ratio.
Your numbers will vary.
Gives you three time estimates (optimistic, most likely, pessimistic) and ask for the expected activity time calculated.
Your numbers will vary.
How would a company classify a six-month prepaid insurance policy:
Which types of companies would use process costing rather than job-order?
They give you activities, critical path, estimated time, and variance. Asks for the normal probability that the project will be finished within a certain amount of days.
Your numbers will vary.