What's more, part of that Actualtests4sure Accounting-for-Decision-Makers dumps now are free: https://drive.google.com/open?id=1l3sQJqDqeHj0jBbgdcfBo-JKMGPmvH8Z
Have you been many years at your position but haven't got a promotion? Or are you a new comer in your company and eager to make yourself outstanding? Our Accounting-for-Decision-Makers exam materials can help you. With our Accounting-for-Decision-Makers exam questions, you can study the most latest and specialized knowledge to deal with the problems in you daily job as well as get the desired Accounting-for-Decision-Makers Certification. You can lead a totally different and more successfully life latter on.
| Section | Objectives |
|---|---|
| Topic 1: Financial Accounting Fundamentals | - Financial Statements
|
| Topic 2: Business Decision Support | - Relevant Costing
|
| Topic 3: Managerial Accounting for Decision Making | - Cost Behavior
|
>> Valid Accounting-for-Decision-Makers Exam Vce <<
For the WGU Accounting for Decision Makers C213 VAC2 (Accounting-for-Decision-Makers) web-based practice exam no special software installation is required. because it is a browser-based WGU Accounting for Decision Makers C213 VAC2 (Accounting-for-Decision-Makers) practice test. The web-based WGU Accounting for Decision Makers C213 VAC2 (Accounting-for-Decision-Makers) practice exam works on all operating systems like Mac, Linux, iOS, Android, and Windows. In the same way, IE, Firefox, Opera and Safari, and all the major browsers support the web-based WGU Accounting-for-Decision-Makers Practice Test.
NEW QUESTION # 13
Which organization establishes rules U.S. companies use to record and report accounting transactions?
Answer: C
Explanation:
The correct answer is C. Financial Accounting Standards Board (FASB) . The FASB is the private-sector standard-setting body whose accounting and financial reporting standards are recognized as authoritative U.S.
generally accepted accounting principles (GAAP) for purposes of the federal securities laws. The SEC has explicitly recognized FASB standards as "generally accepted," which is why U.S. companies rely on FASB guidance when recording and reporting accounting transactions.
Option A is incorrect because the Accounting Principles Board (APB) was a former standard-setting body that was replaced by the FASB. Option B, the SEC , does have legal authority over public company reporting, but it does not serve as the primary day-to-day accounting standard setter in the same way FASB does. Option D, the IRS , is responsible for tax administration, not financial accounting standards for general-purpose financial statements. For exam purposes, when the question asks which organization establishes the accounting rules U.S. companies use to record and report transactions, the best and most accurate answer is FASB .
NEW QUESTION # 14
Which two procedures do external auditors use to gain confidence in the quality of a company's financial reporting processes?
Choose 2 answers.
Answer: D,E
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 # 15
Which costs are found in a manufacturing company rather than a service-oriented company?
Answer: D
Explanation:
The correct answer is C. Raw materials costs . Manufacturing companies produce physical goods, so they incur raw materials costs as part of converting materials into finished products. Raw materials are one of the classic components of manufacturing cost, along with direct labor and manufacturing overhead. Sources explaining manufacturing cost structures consistently identify direct materials or raw materials as a core element of product cost.
Option A, indirect labor costs , may also exist in manufacturing, but labor-related costs can exist in service organizations too. Option B, direct labor costs , are not unique to manufacturing because service companies often have labor that can be directly traced to providing services. Option D, selling costs , are common in both manufacturing and service businesses. What most clearly distinguishes manufacturing from service- oriented companies is the presence of inventory-based production inputs such as raw materials. These materials are physically incorporated into finished goods and become part of cost of goods sold when the goods are sold. Therefore, among the options listed, Raw materials costs are the best answer.
NEW QUESTION # 16
The following list provides partial financial information for a company.
Current assets = $36,543
Total assets = $58,719
Current liabilities = $24,824
Total liabilities = $48,561
Stockholders' equity = $10,158
Sales = $46,997
Net income = $3,761
Market value of equity = $41,316
What is the current ratio for this company?
Answer: B
Explanation:
The correct answer is C. 1.47 . The current ratio measures a company's ability to pay its short-term obligations using its short-term assets. The formula is:
Current ratio = Current assets / Current liabilities
Using the given figures:
Current ratio = 36,543 / 24,824 = 1.4721 , which rounds to 1.47
This means the company has $1.47 of current assets for every $1.00 of current liabilities . In financial analysis, this is generally viewed as a sign that the company has a reasonable short-term liquidity position, although the ideal ratio depends on the industry and the quality of the current assets. For example, cash and receivables are usually more liquid than inventory.
Option A is close, but it is not the correct rounded result. Option B is incorrect because it would indicate current liabilities exceed current assets. Option D is far too high based on the numbers given. Since the question asks specifically for the current ratio , the correct calculation and answer are clearly 1.47 , making Option C the right choice.
NEW QUESTION # 17
What are the costs associated with two or more business units called?
Answer: C
Explanation:
The correct answer is B. Indirect costs . Indirect costs are costs that cannot be economically traced to a single specific cost object, department, product, or business unit because they support multiple activities or units at the same time . Sources defining indirect costs explain that these costs are involved in more than one activity and therefore must often be allocated rather than directly assigned.
Option A is incorrect because variable costs are defined by behavior relative to activity level, not by whether they relate to more than one business unit. Option C, direct costs , are the opposite of indirect costs because they can be traced specifically to one cost object. Option D, product costs , refer to costs attached to manufacturing a product, such as direct materials, direct labor, and manufacturing overhead, and do not necessarily imply multiple business units. In cost accounting, when a cost supports shared operations and cannot be directly attributed to just one unit, it is treated as an indirect cost . Therefore, Option B is the correct answer.
NEW QUESTION # 18
......
Life will always face a lot of choices. When we choose to work, we will also be selected by the job in reverse. And today, in an era of fierce competition, how can we occupy a place in a market where talent is saturated? The answer is a certificate. What the certificate main? All kinds of the test WGU certification, prove you through all kinds of qualification certificate, it is not hard to find, more and more people are willing to invest time and effort on the Accounting-for-Decision-Makers Study Materials, because get the test Accounting-for-Decision-Makers certification is not an easy thing, so, a lot of people are looking for an efficient learning method. And here, fortunately, you have found the Accounting-for-Decision-Makers study materials, a learning platform that can bring you unexpected experiences.
Accounting-for-Decision-Makers Latest Learning Material: https://www.actualtests4sure.com/Accounting-for-Decision-Makers-test-questions.html
What's more, part of that Actualtests4sure Accounting-for-Decision-Makers dumps now are free: https://drive.google.com/open?id=1l3sQJqDqeHj0jBbgdcfBo-JKMGPmvH8Z