Preferred Stock____________________________________________. (Points : 1) generally offers investors voting rights rarely has additional paid in capital associated with it has dividend preference rarely has fixed liquidation provisions
Preferred Stock____________________________________________. (Points : 1)
generally offers investors voting rights
rarely has additional paid in capital associated with it
has dividend preference
rarely has fixed liquidation provisions
Question 2. 2. Long-Term Notes Payable____________________________________. (Points : 1)
must be paid for within 12 months
never have level payment terms
do not need to utilize present value concepts since the money is paid off in a relatively short period of time
may include principal and interest in each payment
Question 3. 3. A bond payable is__________________________________________. (Points : 1)
a financial instrument whereby the issuing company receives an upfront cash payment in exchange for a promise to make periodic interest payments and repay the face amount of the bond at a fixed maturity date
a way for an organization to borrow money without paying interest
never secured
never convertible to company common stock
Question 4. 4. A bond payable is__________________________________________. (Points : 1)
required to be issued at par value
always required to establish a sinking fund
always going to pay no more and no less than face value, plus interest, to the investor at maturity
considered a more risky investment than an equity issue
Question 5. 5. Managerial Accounting______________________________________. (Points : 1)
focuses on reporting in support of business management processes
presents managerial reports prepared in accordance with GAAP
information is centered on products, departments, and activities
encompasses more than one of these suggested uses.
Question 6. 6. Variable costs_____________________________________________. (Points : 1)
change unpredictably which is why they are considered variable costs
vary in direct proportion to changes in the level of an activity
remain constant over some relevant range
are not addressed correctly by any of the answers suggested here.
Question 7. 7. Fixed costs_______________________________________________. (Points : 1)
change with the volume of a firms activities
remain constant regardless of activity levels within the organization
remain constant over some relevant range of activities
remain constant until the next budgeting cycle is completed
Question 8. 8. All of the following are considered a fixed cost except______________. (Points : 1)
direct labor
depreciation
rent
insurance
Question 9. 9. All of the following a considered a product cost except_____________. (Points : 1)
direct material
direct labor
marketing
factory overhead
Question 10. 10. Inventory can consist of_____________________________________. (Points : 1)
cost of goods sold
work in process
raw materials
two of the items suggested here