CH03 Quiz – During March
Managerial Accounting
Wild and Shaw
07th Edition
Compute direct materials cost per equivalent unit.
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Compute direct materials cost per equivalent unit.
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Compute the direct labor cost per equivalent unit.
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Prepare a process cost summary report and find the cost per eq unit conversion.
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They give you a long list of accounts as well as additional info and ask you to make a balance sheet.
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They give you cash receipts and cash disbursements, as well as a bank loan, equipment, inventory rent, net income, etc., and ask for the balance sheet.
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Compute the company’s current ratio, acid-test ratio, debt-to-equity ratio, times interest earned ratio, and long-term debt-to-equity ratio.
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Given an adjusted trial balance they ask you to prepare a classified balance sheet.
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Compute the current ratio, the acid-test ratio, the debt-to-equity ratio, the time’s interest earned ratio, and the return on shareholders’ equity ratio for the company.
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Compute the missing amounts in the balance sheet.
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Given a partial trial balance they ask you to determine the company’s working capital at year-end.
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