D196 p Study guides, Class notes & Summaries

WGU D196 Principles of Financial and Managerial Accounting – new written course requirement material 2023 Accounting plays a vital role in the decision-making process. Which action is the first step in the decision-making process? The money that a company needs to buy its land, pay its employees, and buy its supplies is called capital. What are the potential sources of capital for a business? Which primary area of accounting generates reports for internal users? True or Fal...

WGU D196 Pre Assessment Questions and Answers 2023 (Verified Answers) WGU D196 Pre Assessment Questions and Answers 2023 (Verified Answers)

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Wgu d196 preassment questions and answers 2023 with complete solution 1. What is a transaction?: Two parties exchanging something of value 2. What is the effect of a company's accounting department maintaining high ethical standards?: The company's accounting information will increase in value. 3. Why might employees be interested in their company's financial account- ing information?: Financial statement data are often used in determining employ- ee bonuses. 4. Which group establishes fi...

What is an example of direct materials? Cost of robotic equipment in making automobiles Cost of sandpaper in making wood furniture Cost of saws and hammers in constructing a house Cost of aluminum in making an airplane - Answer-Cost of aluminum in making an airplane What is the effect of a company's accounting department maintaining high ethical standards? The company can hire fewer accountants to do the same amount of work. The company can report more favorable results in its financial ...

What is the effect of a company's accounting department maintaining high ethical standards? -The company can report more favorable results in its financial statements. -The company's accounting information will decrease in value. -The company can hire fewer accountants to do the same amount of work. -The company's accounting information will increase in value. - Answer-The company's accounting information will increase in value. Why might employees be interested in their company's fin...

Entire CVP Formula (Income Statement) correct answers Sales Revenue - variable cost- fixed cost= profit (net income) Contribution Margin Formula correct answers Sales Revenue (price) -variable cost = contribution margin Break-Even Point in Units formula correct answers total fixed cost / contribution margin per unit = break even in units Break-Even Point in Sales ($) Formula correct answers total fixed cost / contribution margin ratio = Break even in units contribution margin ratio f...

WGU d196 Pre assessment Test with Correct Answers Which type of account is retained earnings? Revenue Asset Equity Liability - Answer-Equity For purposes of cash flow classification in the statement of cash flows, which item is an operating activity? Buying equipment Selling bonds Distributing dividends Paying employees - Answer-Paying employees How does a classified balance sheet provide useful information to a decision maker? It distinguishes between current and long-term...

WGU D196 Pre- Assessment V1 (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting-Questions and Verified Answers| 100% Correct| Grade A Q: Which type of account are accounts payable and notes payable both examples of? Liability Expense Asset Equity Answer: Liability Q: What is the purpose of the financial accounting cycle? To turn information about transactions into financial statements To gather information related to the expenses and income gene...

What is an example of direct materials? Cost of robotic equipment in making automobiles Cost of sandpaper in making wood furniture Cost of saws and hammers in constructing a house Cost of aluminum in making an airplane - Answer- Cost of aluminum in making an airplane What is the effect of a company's accounting department maintaining high ethical standards? The company can hire fewer accountants to do the same amount of work. The company can report more favorable results in its financi...