The biggest advantage of our Accounting-for-Decision-Makers study question to stand the test of time and the market is that our sincere and warm service. To help examinee to pass Accounting-for-Decision-Makers exam, we are establishing a perfect product and service system between us. We can supply right and satisfactory Accounting-for-Decision-Makers exam questions you will enjoy the corresponding product and service. We can’t say we are the absolutely 100% good, but we are doing our best to service every customer. Only in this way can we keep our customers and be long-term cooperative partners. Looking forwarding to your Accounting-for-Decision-Makers Test Guide use try!
| Section | Objectives |
|---|---|
| Topic 1: Financial Accounting Fundamentals | - Financial Statements
|
| Topic 2: Managerial Accounting for Decision Making | - Cost Behavior
|
| Topic 3: Business Decision Support | - Relevant Costing
|
>> WGU Accounting-for-Decision-Makers Latest Test Cram <<
VCEPrep has a professional team of IT experts and certified trainers who written the Accounting-for-Decision-Makers exam questions and valid exam prep according to the actual test. You can download the WGU free demo before you purchase. If you bought our Accounting-for-Decision-Makers Exam PDF, you will be allowed to free update your dumps one-year. You just need to spend one or two days to practice questions and remember answers.
NEW QUESTION # 58
Which organization establishes rules U.S. companies use to record and report accounting transactions?
Answer: A
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 # 59
A company plans to purchase inventory for the second half of a year as follows:
July = $100,000
August = $75,000
September = $225,000
October = $125,000
November = $250,000
December = $30,000
The company usually pays 50% of inventory purchases in the month of purchase, 35% in the following month, and 15% in the second month.
What are the forecasted October cash payments based on this information?
Answer: C
Explanation:
The correct answer is D. $152,500 . To find October cash payments , include the portions of purchases paid in October from three different months:
* 15% of August purchases
* 35% of September purchases
* 50% of October purchases
Now calculate each amount:
15% of August ($75,000) = $11,250
35% of September ($225,000) = $78,750
50% of October ($125,000) = $62,500
Now add them:
$11,250 + $78,750 + $62,500 = $152,500
This is the total forecasted cash payment for October under the company's payment pattern. Budgeted cash disbursement questions often require tracking the timing of payments across multiple months, not just the current month's purchases.
Option B includes only 50% of October purchases. Option C includes only 35% of September purchases.
Option A includes only part of the earlier-month carryover. Since October cash payments must include all three applicable portions, the correct total is $152,500 , making Option D the right answer.
NEW QUESTION # 60
A company has projected the following sales for the spring quarter of a year:
April = $300,000
May = $325,000
June = $375,000
Cash is used to pay for 65% of all sales. The remainder is on credit.
The pattern for credit receivables collections is as follows:
* Month of sale = 60%
* Month after sale = 30%
* Second month after sale = 10%
What are the projected cash sales for all three months of the spring quarter?
Answer: A
Explanation:
The correct answer is D. $650,000 . The question asks for projected cash sales for all three months of the spring quarter , not total cash collections including receivables from credit sales. Since 65% of all sales are cash sales , simply multiply total spring-quarter sales by 65%.
First, calculate total sales for April through June:
$300,000 + $325,000 + $375,000 = $1,000,000
Now calculate the cash-sales portion:
65% × $1,000,000 = $650,000
Therefore, the projected cash sales for the quarter are $650,000 .
The credit collection percentages are not needed for this specific question because it asks only about cash sales , not total cash receipts. Those credit collection percentages would matter if the question asked for cash collections by month or by quarter from both current and prior credit sales.
Because 65% of the quarter's $1,000,000 total sales are made in cash, the projected cash sales amount is
$650,000 , which makes Option D correct.
NEW QUESTION # 61
Which change occurred if the cost of goods sold moved from 76.8% to 72.6%?
Answer: C
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 # 62
A manufacturer produces three products A, B, and C.
The company uses the following information to determine activity rates for each pool.
Cost Pool
Costs
Total Activity
Pool 1
$300,000
20,000 hours
Pool 2
$20,000
500 pounds
Pool 3
$10,000
100 moves
Data concerning the three products appear in the following table.
Cost Driver
Product A
Product B
Product C
Number of hours
10,000
7,500
2,500
Number of pounds
150
250
100
Number of moves
20
40
50
What is the total amount of overhead applied to Product B?
Answer: B
Explanation:
The correct answer is B. $126,500 . Under activity-based costing (ABC) , each cost pool gets its own activity rate, and then overhead is applied to the product based on that product's actual use of each activity. OpenStax and ACCA both describe ABC as assigning overhead through multiple activity pools and cost drivers rather than one broad rate.
First compute the rate for each pool:
Pool 1 rate = $300,000 / 20,000 hours = $15 per hour
Pool 2 rate = $20,000 / 500 pounds = $40 per pound
Pool 3 rate = $10,000 / 100 moves = $100 per move
Now apply those rates to Product B :
Hours: 7,500 × $15 = $112,500
Pounds: 250 × $40 = $10,000
Moves: 40 × $100 = $4,000
Total overhead for Product B = $112,500 + $10,000 + $4,000 = $126,500
Option C, $158,000 , is actually the overhead for Product A, which is a classic trap in this question. Because ABC assigns overhead based on each product's own activity consumption, Product B's correct total overhead is $126,500 .
NEW QUESTION # 63
......
The name of these formats are WGU Accounting for Decision Makers C213 VAC2 (Accounting-for-Decision-Makers) PDF dumps file, desktop practice test software, and web-based practice test software. All these three WGU Accounting for Decision Makers C213 VAC2 (Accounting-for-Decision-Makers) practice test formats are easy to use and perfectly work with all devices, operating systems, and web browsers. The Accounting-for-Decision-Makers PDF dumps file is a simple collection of Real and Updated Accounting-for-Decision-Makers Exam Questions in PDF format and it is easy to install and use. Just install the WGU Accounting for Decision Makers C213 VAC2 (Accounting-for-Decision-Makers) PDF dumps file on your desktop computer, laptop, tab, or even on your smartphone and start WGU Accounting for Decision Makers C213 VAC2 (Accounting-for-Decision-Makers) exam preparation anytime and anywhere.
Demo Accounting-for-Decision-Makers Test: https://www.vceprep.com/Accounting-for-Decision-Makers-latest-vce-prep.html