Online Access Free BUS105 Exam Questions

Which of the following would be a measure of managerial accounting?

• A.Statement of cash flows
• B.Total liabilities as of June 1
• C.The balance sheet
• D.Capital budget

You are the newly hired manager of an individual restaurant chain. Which of the following responsibilities for your responsibility center would you be evaluated on?

• A.Return on investment for shareholders
• B.Investments in assets decisions
• C.Revenues, costs, and resulting profits
• D.Meeting cost budgets

This is select financial statement data for the three divisions of Technology Goods, Inc. Assuming all assets are operating assets, what is the return on investment for each division?

• A.17.8%, 10.0%, 15.9%
• B.82.2%, 39.0%, 66.0%
• C.53.0%, 32.0%, 50.9%
• D.33.1%, 31.3%, 31.2%

Diamonds and More produced a new line of necklaces that sell for $350 each. Management requires a profit equal to 40 percent of the selling price. What is the target cost of this product?

• A.$350
• B.$140
• C.$210
• D.$175

Cost behavior patterns tend to be reliable within which of the following?

• A.The current ratio
• B.A contribution margin
• C.Free cash flow
• D.A relevant range