Managerial Accounting
Ch.17
1. The building blocks of financial statement analysis include: Liquidity and Efficiency, Solvency, Profitability, Market Prospects.
2. The ability to meet short-term obligations and to efficiently generate revenues is called: Liquidity and Efficiency
3. The ability to generate future revenues and meet long-term obligations is referred to as: Solvency
4. The ability to provide financial rewards sufficient to attract and retain financing is called: Profitability
5. The ability to generate positive market expectations is called: Market Prospects
6. Standards for comparisons in financial statement analysis include: Intra-company, Competitor, Industry, Guidelines
7. The comparison of a company's financial condition and performance across time is known as: Horizontal Analysis
8. A company's sales in 2004 were $ and in 2005 were $. Using 2004 as the base year, the sales trend percent for 2005 is: Analysis Period amount/Base Period Amount x100
9. One of several ratios that reflects solvency includes the: Debt-to-equity ratio
10. Current assets divided by current liabilities is the: Current Ration
11.
Ch.18 Managerial accounting is different from financial accounting in that: (users and decision makers, purpose of info, flexibility of practice, timeliness of information, time decision, focus of information, nature of information)
12. Which of the following items are management concepts that were created to improve companies' performances? All of the above- just in time manufacturing, customer orientation, total quality management, and continuous improvement.
13. An attitude of constantly seeking ways to improve company operations, including customer service, product quality, product features, the production process, and employee interactions, is called: Continuous improvement
14. A management concept that encourages all managers and employees to be in tune with the wants and needs of customers, and which leads to flexible product designs and
1. The building blocks of financial statement analysis include: Liquidity and Efficiency, Solvency, Profitability, Market Prospects.
2. The ability to meet short-term obligations and to efficiently generate revenues is called: Liquidity and Efficiency
3. The ability to generate future revenues and meet long-term obligations is referred to as: Solvency
4. The ability to provide financial rewards sufficient to attract and retain financing is called: Profitability
5. The ability to generate positive market expectations is called: Market Prospects
6. Standards for comparisons in financial statement analysis include: Intra-company, Competitor, Industry, Guidelines
7. The comparison of a company's financial condition and performance across time is known as: Horizontal Analysis
8. A company's sales in 2004 were $ and in 2005 were $. Using 2004 as the base year, the sales trend percent for 2005 is: Analysis Period amount/Base Period Amount x100
9. One of several ratios that reflects solvency includes the: Debt-to-equity ratio
10. Current assets divided by current liabilities is the: Current Ration
11.
Ch.18 Managerial accounting is different from financial accounting in that: (users and decision makers, purpose of info, flexibility of practice, timeliness of information, time decision, focus of information, nature of information)
12. Which of the following items are management concepts that were created to improve companies' performances? All of the above- just in time manufacturing, customer orientation, total quality management, and continuous improvement.
13. An attitude of constantly seeking ways to improve company operations, including customer service, product quality, product features, the production process, and employee interactions, is called: Continuous improvement
14. A management concept that encourages all managers and employees to be in tune with the wants and needs of customers, and which leads to flexible product designs and