BONUS!!! Download part of RealValidExam Accounting-for-Decision-Makers dumps for free: https://drive.google.com/open?id=1X3Fl8UHddo8tq59pJ8x1MGbpVjbIbtv0
In fact, in real life, we often use performance of high and low to measure a person's level of high or low, when we choose to find a good job, there is important to get the Accounting-for-Decision-Makers certification as you can. Our product is elaborately composed with major questions and answers. We are choosing the key from past materials to finish our Accounting-for-Decision-Makers Guide question. It only takes you 20 hours to 30 hours to do the practice. After your effective practice, you can master the examination point from the Accounting-for-Decision-Makers test question. Then, you will have enough confidence to pass it.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Controls and Regulations | 10–15% | - Internal control systems and principles
|
| Topic 2: Budgeting and Decision Making | 10–15% | - Relevant information for decision making
|
| Topic 3: Financial Analysis | 45–50% | - Financial statement analysis techniques
|
| Topic 4: Profit Planning | 10–15% | - Cost-volume-profit (CVP) analysis
|
| Topic 5: Cost Systems | 20–25% | - Costing methods
|
>> Reliable WGU Accounting-for-Decision-Makers Exam Braindumps <<
In order to let you have a deep understanding of our Accounting-for-Decision-Makers learning guide, our company designed the free demos for our customers. We will provide you with free demos of our study materials before you buy our products. If you want to know our Accounting-for-Decision-Makers training materials, you can download them from the web page of our company. If you use the free demos of our Accounting-for-Decision-Makers study engine, you will find that our products are very useful for you to pass your Accounting-for-Decision-Makers exam and get the certification.
NEW QUESTION # 45
In September, an airline using accrual accounting received cash from a round-trip ticket sold to a customer for
$1,500. The ticket allowed the customer to fly from Denver to Hawaii in October and from Hawaii back to Denver in November.
When should the airline recognize revenue?
Answer: D
Explanation:
The correct answer is C. In October and November . Under accrual accounting and modern revenue recognition guidance, revenue is recognized when the company satisfies its performance obligations, not merely when cash is received. For an airline ticket, the airline earns the revenue by providing transportation
. SEC disclosures from airlines state that passenger revenue is deferred until transportation is provided, and revenue recognition guidance under Topic 606 also requires recognition when control of the promised service transfers to the customer.
Because this is a round-trip ticket , the airline has not fully earned the revenue in September when the cash is collected. Instead, the service is performed in parts: one flight in October and the return flight in November
. Therefore, the revenue should be recognized as the transportation service is delivered across those two months. Option A is incorrect because September is only the cash receipt date, not the service date. Option B is incorrect because part of the service is provided in October. Option D is incorrect because collecting cash alone does not create earned revenue under accrual accounting. Therefore, October and November is the correct answer.
NEW QUESTION # 46
Which change occurred if the cost of goods sold moved from 76.8% to 72.6%?
Answer: B
Explanation:
The correct answer is C. Gross profit percentage increased by 4.2% . Gross profit percentage and cost of goods sold percentage are directly related because together they normally total 100% of sales .
Originally:
Gross profit percentage = 100% - 76.8% = 23.2%
After the change:
Gross profit percentage = 100% - 72.6% = 27.4%
Now calculate the increase:
27.4% - 23.2% = 4.2%
So when the cost of goods sold percentage decreased from 76.8% to 72.6% , the gross profit percentage increased by 4.2% .
Option A is incorrect because the question does not provide enough information to determine the change in net profit percentage , which depends on more than cost of goods sold. Operating expenses, interest, and taxes would also affect net profit. Option B is incorrect for the same reason. Option D is the opposite of what actually happened. Since a lower COGS percentage leaves a larger portion of sales as gross profit, the correct conclusion is that gross profit percentage increased by 4.2% , making Option C correct.
NEW QUESTION # 47
Last year, X Corporation had sales of $500,000 and total expenses of $300,000. A manager of the company is entitled to get a sales commission of 10% of net profit.
What amount of sales commission is to be recognized at year-end?
Answer: D
Explanation:
The correct answer is A. $20,000 . First, calculate net profit before the commission:
Net profit = Sales - Total expenses = $500,000 - $300,000 = $200,000
The manager's commission is 10% of net profit , so:
Commission = 10% × $200,000 = $20,000
Therefore, the amount to recognize at year-end is $20,000 . Under accrual accounting, expenses are recognized in the period in which they are incurred, even if they have not yet been paid. Since the company earned the profit during the year and the manager became entitled to the commission based on that profit, the commission expense should be recorded at year-end in the same reporting period. This follows the matching concept, which aligns expenses with the revenues they helped generate.
Option B is incorrect because it represents 10% of sales, not net profit. Option C and Option D do not match the 10% commission calculation based on the stated profit amount. Since the problem clearly says the commission is based on net profit , the correct recognized amount is $20,000 , making Option A correct.
Accounting texts describe net profit as revenues minus expenses.
NEW QUESTION # 48
A company manufactures and sells widgets. The following information is available:
* Total fixed costs per month are $300,000
* The variable cost per widget is $50
* Each widget sells for $100
How many widgets does the company need to sell each month to break even?
Answer: B
Explanation:
The correct answer is D. 6,000 . This is a standard cost-volume-profit (CVP) and break-even question. The break-even point in units is calculated by dividing total fixed costs by the contribution margin per unit .
First, compute contribution margin per widget:
Contribution margin per unit = Selling price - Variable cost
= $100 - $50 = $50
Now apply the break-even formula:
Break-even units = Fixed costs / Contribution margin per unit
= $300,000 / $50 = 6,000 widgets
This means the company must sell 6,000 widgets each month to generate enough contribution margin to cover all fixed costs. At that point, profit is zero, which is exactly what break-even means. If it sells more than
6,000 units, it earns a profit. If it sells fewer than 6,000, it incurs a loss.
The other choices are incorrect because they do not fully cover the fixed-cost amount using the $50 contribution margin per unit. Therefore, the correct break-even sales volume is 6,000 widgets , which makes Option D correct.
NEW QUESTION # 49
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: C
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 # 50
......
No doubt the WGU Accounting for Decision Makers C213 VAC2 (Accounting-for-Decision-Makers) certification is one of the most challenging certification exams in the market. This WGU Accounting-for-Decision-Makers certification exam gives always a tough time to WGU Accounting for Decision Makers C213 VAC2 (Accounting-for-Decision-Makers) exam candidates. The RealValidExam understands this hurdle and offers recommended and real WGU Accounting-for-Decision-Makers exam practice questions in three different formats.
Latest Accounting-for-Decision-Makers Exam Questions: https://www.realvalidexam.com/Accounting-for-Decision-Makers-real-exam-dumps.html
What's more, part of that RealValidExam Accounting-for-Decision-Makers dumps now are free: https://drive.google.com/open?id=1X3Fl8UHddo8tq59pJ8x1MGbpVjbIbtv0