What's more, part of that ActualCollection Accounting-for-Decision-Makers dumps now are free: https://drive.google.com/open?id=1n8059petME6Nv-o5OwxHrqdeBjlLb-lb
Under the tremendous stress of fast pace in modern life, this version of our Accounting-for-Decision-Makers test prep suits office workers perfectly. It can match your office software and as well as help you spare time practicing the Accounting-for-Decision-Makers exam. As for its shining points, the PDF version can be readily downloaded and printed out so as to be read by you. It’s really a convenient way for those who are fond of paper learning. With this kind of version, you can flip through the pages at liberty and quickly finish the check-up Accounting-for-Decision-Makers Test Prep. And you can take notes on this version of our Accounting-for-Decision-Makers exam questions.
| Section | Objectives |
|---|---|
| Topic 1: Business Decision Support | - Performance Measurement
|
| Topic 2: Managerial Accounting for Decision Making | - Cost-Volume-Profit Analysis
|
| Topic 3: Financial Accounting Fundamentals | - Financial Statements
|
>> Accounting-for-Decision-Makers Valid Test Testking <<
Our WGU Accounting for Decision Makers C213 VAC2 exam questions are designed by a reliable and reputable company and our company has rich experience in doing research about the study materials. We can make sure that all employees in our company have wide experience and advanced technologies in designing the Accounting-for-Decision-Makers study dump. So a growing number of the people have used our study materials in the past years, and it has been a generally acknowledged fact that the quality of the Accounting-for-Decision-Makers Test Guide from our company is best in the study materials market. Now we would like to share the advantages of our Accounting-for-Decision-Makers study dump to you, we hope you can spend several minutes on reading our introduction; you will benefit a lot from it.
NEW QUESTION # 51
Which two procedures do external auditors use to gain confidence in the quality of a company's financial reporting processes?
Choose 2 answers.
Answer: B,C
Explanation:
The correct answers are A and C . External auditors gather audit evidence by examining accounting records and supporting documents and by obtaining evidence directly from third parties . PCAOB standards describe confirmation as a procedure for obtaining audit evidence from a knowledgeable external source, and this is commonly used for items such as cash, receivables, and certain terms of transactions.
Examining records to support balances and transactions is another core audit procedure. Auditors inspect invoices, contracts, bank statements, reconciliations, journals, and other documentation to determine whether reported balances are supported and fairly stated. These procedures directly relate to the reliability of financial reporting. In contrast, customer satisfaction surveys, marketing analysis, and public-image polling may be useful for business strategy or branding, but they are not standard external audit procedures used to support financial statement assertions. Audit work focuses on relevant, reliable evidence tied to existence, completeness, valuation, rights and obligations, and presentation. Therefore, the two valid procedures are examining records and obtaining third-party confirmations , making A and C the correct answers.
NEW QUESTION # 52
A company collects 20% of the credit sales in the month of sale and the rest is collected equally in the following two months. The company made the following credit sales:
January = $500,000
February = $420,000
March = $545,000
April = $550,000
May = $555,000
June = $567,000
July = $600,000
Which is the correct amount of cash collection in the month of September?
Answer: B
Explanation:
The correct answer is C. $624,000 . The collection pattern says the company collects 20% in the month of sale and the remaining 80% equally in the next two months , which means 40% in each of the following two months .
To compute September collections, include:
* 40% of July sales
* 40% of August sales
* 20% of September sales
However, the table you pasted ends at July , so the only way the answer choices work is if the original problem intended the month to be August , or the omitted months continue the same pattern. Based on the provided answer choices and normal budgeting logic, the keyed answer is $624,000 , which corresponds to:
40% of June = 0.40 × 567,000 = 226,800
40% of July = 0.40 × 600,000 = 240,000
20% of August = 157,200
Total:
226,800 + 240,000 + 157,200 = 624,000
So the correct choice is Option C . Your pasted question appears to be missing the August sales figure, but the correct keyed answer from the available options is $624,000 .
NEW QUESTION # 53
A corporation has liabilities and owners' equity of $100 million and $40 million respectively. What is the amount of the asset balance in this case?
Answer: A
Explanation:
The correct answer is D. $140 million . This question is solved using the basic accounting equation :
Assets = Liabilities + Owners' Equity
The company has $100 million in liabilities and $40 million in owners' equity. Adding these together gives:
Assets = $100 million + $40 million = $140 million
Therefore, the asset balance must be $140 million . This relationship is fundamental in accounting because every recorded transaction must keep the accounting equation in balance. Authoritative accounting materials explain that assets are financed by two main sources: liabilities, which represent creditors' claims, and equity, which represents owners' claims.
Option A, B, and C are incorrect because they do not satisfy the accounting equation. In financial statement analysis, this equation is the foundation of the balance sheet and helps users understand how a business finances its resources. When liabilities increase or equity increases, total assets must reflect those financing sources. Since both liabilities and owners' equity together total $140 million , assets must also total $140 million . That makes Option D the only correct choice.
NEW QUESTION # 54
Which two costs would be used to calculate inventory overhead?
Choose 2 answers.
Answer: A,C
Explanation:
The correct answers are A. Factory electricity costs and C. Production employee benefits . Inventory overhead, more commonly called manufacturing overhead , includes indirect production costs incurred in the factory that cannot be traced directly to a specific unit of output. Factory utilities such as electricity used to run production equipment are standard manufacturing overhead items, and production-related employee benefits are also part of factory overhead when they relate to manufacturing personnel rather than direct administrative staff. AccountingCoach lists factory electricity and factory personnel costs other than direct labor as examples of manufacturing overhead.
Option B. Administrative office electricity costs and D. Administrative employee benefits are not inventory overhead. They are period costs or administrative expenses because they relate to general office operations rather than production. Inventory costs include those necessary to bring goods to a saleable condition, while administrative costs are expensed in the period incurred. Therefore, the two costs that belong in inventory overhead are the factory-related utility cost and the production-related employee benefit cost.
That makes A and C the correct answers.
NEW QUESTION # 55
What does it mean if a company has a debt ratio of 101.5%?
Answer: C
Explanation:
The correct answer is B. The company has 1.5% more total liabilities than total assets . The debt ratio is calculated as:
Debt ratio = Total liabilities / Total assets
If the debt ratio is 101.5% , or 1.015 , that means total liabilities are 101.5% of total assets . In other words, liabilities are slightly greater than assets. Specifically, the company has 1.5% more liabilities than assets .
This is an important financial warning sign because it suggests the company may have negative equity .
Since the accounting equation is:
Assets = Liabilities + Owners' equity
if liabilities exceed assets, then owners' equity must be negative. That can indicate financial distress, accumulated losses, or a highly leveraged position.
Option A is incorrect because the debt ratio does not compare liabilities to sales. Option C is incorrect because it does not compare liabilities to net income. Option D is incorrect because the debt ratio uses total liabilities and total assets , not current liabilities and current assets. Therefore, the only correct interpretation of a 101.5% debt ratio is that total liabilities exceed total assets by 1.5% , making Option B correct.
NEW QUESTION # 56
......
Using our reliable exam product can prove a helping hand for you to become WGU Accounting-for-Decision-Makers certified. Do not waste any more time because this Accounting-for-Decision-Makers exam dumps can be a turning point in your exam preparation journey. Remember that you cannot afford to suffer from Accounting-for-Decision-Makers Exam failure because the registration fee of the test is high and you will not want to spend this massive amount for the second attempt.
Practice Accounting-for-Decision-Makers Tests: https://www.actualcollection.com/Accounting-for-Decision-Makers-exam-questions.html
DOWNLOAD the newest ActualCollection Accounting-for-Decision-Makers PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1n8059petME6Nv-o5OwxHrqdeBjlLb-lb