Fichas
Accy 202
Fichas del conjunto (23)
- 1What 3 parts are on a Statement of Cash Flows?1) Operating
2) Investing
3) Financing - 2Current RatioCurrent Assets
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Current Liabilities - 3Acid Test RatioCash + STI + Current Rec.
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Current Liabilities - 4Day's Sales UncollectedA/R
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NS - 5Inventory TurnoverCOGS
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Avg. Inv - 6Debt-to-EquityTotal Liabilities
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Total Assets - 7Day's Sales in InventoryEnd Inventory
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COGS - 8Times Interest EarnedInterest before [Int Exp & Inc Tax]
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Interest Expense - 9Profit Margin RatioNI
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NS - 10Total Asset TurnoverNS
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Avg. Total Assets - 11Return on Total AssetsNI
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Avg. Total Assets - 12Return on Common Stockholders' Equity(NI) - (Preferred Dividends)
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Avg. Common Stockholders' Equity - 13Adjustments for Changes in: Current Assets and Current Liabilities(+) Decrease in Noncash Current Assets
(-) Increase in Noncash Current Assets
(+) Increase in Current Liability
(-) Decrease in Current Liability - 14Adjustments for Changes in: Operating Items not using CashIf It is
Depreciation, Depletion, or Amortization,
(+) ADD IT BACK! - 15Adjustments for Changes in: For Non operating Items(+) Loss from Disposal of Long-Term Assets
(-) Gain from Disposal of Long-Term Assets - 16Fixed BudgetBased on a single predicted amount of sales of other measure of activity.
- 17Favorable & Unfavorable VariancesFavorable: Actual cost is lower than budgeted cost.
Unfavorable: Actual cost is higher than budgeted cost. - 18Why is the inability of fixed budget reports to adjust to changes in activity levels such a major limitation?It fails to show whether actual costs are out of line due to a change in actual sales volume or some other factor.
*This is why Flexible Budgets exist* - 19Flexible BudgetA report based on predicted amounts of revenues and expenses corresponding to the actual level of output.
*useful before and after activity period* - 20Why is it important not to assume that Variable and Fixed expense categories are not the same?Because they are NOT the same for every company!
- 21INVESTING SECTION When a long-term asset with Accumulated Depreciation is sold for cash and yields a loss or gain:| Beg. AD
(x) | + Dep. Exp.
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| End AD
SOLVE FOR X TO GET AD ON THE SOLD ASSET! - 22On a Statement of Cash FlowsOperating = NI, CA, CL, +Dep, ±Loss/Gain
Investing = Purchases/Sales of LTA
Financing = Payables, Stocks, Dividends - 23Standard CostsNormal costs that should be earned to produce or perform a service.
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- Descripción
- Fichas sobre Accy 202, creado por Terry Brutus el 07/05/2015.
- Creado por
- Terry Brutus
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