209137096-MAS-by-Agamata-reviewer.pdf

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Management Advisory Services by Franklin T. Agamata, MBA, CPA Suggested Key Answers Multiple Choice Questionnaires 2007 Edition Chapter 1 Multiple Choice

Chapter 2 Multiple Choice

!asic Concepts " C 2 % ' % 4 A & C ( A 7 A 8 A $ C "0 C "" % "2 % "' A "4 ! "& %

" ! 2 % ' % 4 ! & % ( A 7 A 8 A $ % "0 A "" % "2 % "' C "4 C "& C "( ! "7 C "8 % "$ A 20 C 2" C 22 C 2' C 24 C 2& ! 2( A +rue or ,alse 27 + 28 , 2$ + '0 , '" + '2 + '' + '4 , '& ,

MAS Practice Standards

"( % "7 % "8 % "$ A 20 ! 2" A 22 % 2' A 24 C 2& C 2( A 27 C 28 A

Chapter 3 Multiple Choice Costs classi#ication " % 2 % ' % 4 C & % ( A 7 C 8 % $ ! "0 % "" % "2 ! "' A "4 ! "& ! "( A "7 C "8 ! "$ A 20 A 2" A 22 % 2' C 24 ! 2& C 2( % 27 ! 28 % 2$ A

Chapter 4 Multiple Choice !asic Concepts " A 2 A ' ! 4 A & ! ( % 7 ! 8 % $ ! "0 A "" ! "2 C "' C "4 ! "& % "( ! )perating inco*e

"7 A "8 ! "$ ! 20 A 2" A 22 C 2' % 24 ! 2& A 2( A 27 C 28 % 2$ A '0 A '" ! '2 ! '' A '4 !

48 C 4$ % &0 % &" % 42 C 4' % 44 A 4& % 4( % 47 A 48 A 4$ % &0 ! &" C &2 C &' % &4 C && % &( A &7 C &8 % &$ ! Scattergraph (0 A (" A (2 % (' A (4 A (& ! (( C Coe##icient o# Correlation (7 A (8 ! ($ % 70 C 7" C


'( +

-nco*e with .ariances '& ! /ighlow *ethod

'( A '7 ! '8 ! '$ % 40 % 4" A 42 A 4' % 44 C 4& % 4( A 47 ! Chapter 5 Multiple Choice !asic Concepts " 2 ' 4 &

C A ! C %

&& % &( C Multiproduct sales &7 % &8 C &$ % (0 ! 12000003

Chapter 6 Multiple Choice !asic Concepts " 2 ' 4 &

% % C % A

72 ! 7' % 74 % 7& ! 7( C 77 % 78 C 7$ A 80 A 8" %

&4 C && !

"0" C "02 %

&( % &7 A &8 ! &$ A (0 A %irect labor budget

"0' % "04 % "0& % "0( A "07 ! )ther budgeting

( C

(" %

( C

7 % 8 % $ ! "0 !

(2 A (' ! (4 ! (& C

7 C 8 % $ C "0 ! "" 5o uestion

(" % (2 ! (' C (4 !

"08 % "0$ ! ""0 !

,actory o.erhead

""" !

(7 !

"2 A "' C

budget (& C

""2 A ""' A

(8 C ($ C

"4 ! "& %

""4 A ""& A

70 A 7" A

"( % "7 !

(( ! (7 ! )perating e9penses budget

techniues

"" % "2 C "' C !rea6e.en oint "4 ! "& % "( %

(( % !rea6e.en and C graphs

""( C ""7 C


"7 ! "8 ! "$ ! 20 ! 2" C 22 C 2' ! 24 % 2& C 2( A 27 C 28 C 2$ ! '0 A '" C '2 A '' ! '4 % '& A '( A '7 ! '8 ! '$ % 40 A 4" A 42 ! 4' ! 44 % 4& A 4( A 47 A 48 A 4$ ! &0 A &" % &2 C &' ! &4 C

72 C 7' A 74 A 7& A 7( A 77 A 78 C 7$ % 80 C 8" A 82 % 8' ! 84 C 8& % 8( ! 87 A

"8 ! "$ % 20 % 2" % 22 A 2' % 24 % 2& % 2( A 27 E 28 ! 2$ ! '0 ! '" C '2 A '' C '4 ! '& % '( ! '7 A '8 C '$ ! 40 ! 4" % 42 % 4' % 44 % roduction budget

4& ! 4( C 47 C 48 % Materials budget 4$ C &0 % &" ! &2 % &' %

(8 C Cash budget ($ C 70 A 7" C 72 C 7' C 74 A 7& % 7( C 77 C 78 ! 7$ % 80 ! 8" C 82 % 8' % 84 % 8& C 8( ! 87 C 88 % -nco*e state*ent 8$ % $0 A $" A $2 A $' C $4 % $& ! $( C $7 C ,le9ible budget $8 % $$ ! "00 ! Co*prehensi.e proble*s

""8 A ""$ % "20 A "2" C +rue or ,alse " + 2 + ' + 4 + & , ( + 7 , 8 + $ , "0 ,


Chapter 7 Multiple Choice !asic Concepts " C 2 ! ' ! 4 ! & % ( % 7 A 8 C $ % "0 ! "" A "2 % "' C "4 % "& % "( % "7 % "8 ! "$ A 20 % 2" C 22 ! 2' A Material cost ariances 24 A 2& C 2( C 27 % 28 C 2$ ! '0 A '" % '2 C '' ! '4 C '& ! '( A '7 %

&2 % &' % &4 ! && % &( % &7 A &8 A &$ % ,actory o.erhead cost .ariances

(0 A (" % (2 A (' C (4 A (& ! (( % (7 A (8 ! ($ ! 70 ! 7" A 72 E 7' E 74 A 7& ! 7( A 77 ! 78 % 7$ A 80 ! 8" A 82 ! 8' % 84 % 8& % 8( % 87 C 88 A 8$ C $0 %

Chapter 8 Multiple Choice !asic Concepts " ! 2 C ' % 4 ! & A ( ! 7 % 8 C $ ! "0 A "" % "2 C "' ! "4 A "& C "( % "7 A "8 A "$ ! 20 A 2" A 22 A 2' % 24 % 2& C 2( C 27 % 28 A 2$ % '0 % Controllability '" C '2 A '' ! '4 ! '& % '( A '7 A '8 A

&' % &4 % && ! &( ! &7 % &8 C &$ % (0 ! (" ! (2 C (' C (4 ! (& ! (( % (7 C +rans#er pricing

(8 C ($ % 70 A 7" ! 72 ! 7' A 74 A 7& % 7( C 77 C 78 ! 7$ % 80 ! 8" ! 82 % 8' A 84 % 8& %

Chapter 9 Multiple Choice !asic Concepts " ! 2 C ' % 4 ! & ! ( % 7 C 8 % $ ! "0 % "" ! "2 C "' % "4 % "& A "( C "7 ! "8 ! "$ % 20 A 2" % 22 ! 2' ! 24 A 2& ! 2( % 27 ! 28 ! 2$ C '0 A '" C '2 A '' C '4 % '& % Accept or re:ect a special sales order '( C '7 A


'8 %

$" A

'$ %

$2 A $' C Miscellaneous +opics $4 ! $& C $( A $7 !

%irect labor cost ariances

40 A 4" % 42 ! 4' % 44 ! 4& ! 4( A 47 % 48 % 4$ A &0 % &" A

Ch. 9 Cont.! && C &( A &7 % &8 ! &$ % (0 A (" ! (2 ! Ma9i*i;ation o# scarce resources (' A (4 C (& % (( ! (7 A

$$ % "00 ! "0"%

-n.est*ent center per#or*ance *odels '$ C 40 ! 4" % 42 ! 4' C 44 C 4& % 4( ! 47 A 48 % 4$ % &0 C &" ! &2 A

'8 % '$ A 40 A 4" ! 42 C 4' ! 44 A 4& ! 4( C 47 % 48 ! 4$ C &0 A &" ! &2 C &' A %rop or continue a di.ision depart*ent process pro:ect or acti.ity &4 !

Chapter 1" Multiple Choice !asic Concepts " A 2 % ' ! 4 % & E ( % 7 C

Chapter 11 " A 2 ! ' A 4 A & C ( % 7 C 8 C $ C "0 C

8 ! $ A "0 C "" ! "2 C "' A

"" % "2 ! "' C "4 A "& !

&$ ! (0 % (" C (2 A (' % (4 !


(8 ! ($ A

"4 C "& C

70 A
"( A

Sellasis or process #urther a product

7& ! 7( A 77 ! 78 C 7$ ! !id price 80 % 8" % 82 ! 8' % Shut down or not 84 ! Scrap or rewor6 de#ecti.e units 8& % 8( A 87 A -ndi##erence point 88 C 8$ C $0 C $" % Miscellaneous

"( A "7 % "8C internal #ailure cost

"$ ! "7 % "8 ! "$ A 20 % 2" C 22 ! 2' C 24 ! 2& E 2( % 27 % 28 ! 2$ % '0 ! Sales .ariation analysis '" A '2 C '' % '4 A '& % '( A '7 C

20 % 2" A 22 A 2' % 24 ! 2& C 2( A 27 ! 28 A 2$ ! "22(00 '0 A '" % '2 A '' A '4 ! '& % '( % '7 ! '8 % '$C 40 A 4" C 42 C 4' % 44 % 4& A 4( ! 47 A 48 ! 4$ C


&0 C &" ! &2 A &' C &4 A && % &( A &7 % &8 %

+opics $2 % $'A $4 C $& ! $( A $7 % $8 C Chapter 12 " A 2 ! ' ! 4 A & C

Chapter 13 Multiple Choice !asic Concepts " % 2 C

( ! 7 ! 8 % $ C "0 % ""! "2 ! "' A

' C 4 A & % ( C 7 ! 8 A $ A ertical Analysis "0 C "" % "2 A "' C >e.erage ratios 1,inancing ratios3 "4 C "& ! "( ! "7 C "8 ! "$ % 20 A 2" ! 22 % 2' C 24 ! 2& C ro#itability

"4 ! "& % "( C "7 % "8A "$ A 20 A 1$&$03 2" A 22 C 2' ! 24 ! 2& C 2( A 27 ! 28 % 2$C '0 ! '" C '2 A

/ori;ontal = trend analysis

&0 % &" C &2 C &' %

"0( % Miscellaneous proble*s "07 A

Chapter 14 Multiple Choice !asic Concepts " % 2 C

&4 ! && C &( ! &7 C &8 ! &$ C (0 C (" %

"08 ! "0$ C ""0 ! """ C ""2 % ""' A ""4 A ""& C

' ! 4 % & C ( C 7 ! 8 ! $ % "0 !

(2 C (' C (4 A >iuidity ratios (& A (( !

""( A ""7 ! ""8 % ""$ C "20 A Co*prehensi.e

(7 ! (8 ! ($ ! 70 ! 7" ! 72 C 7' ! 74 A 7& % 7( C 77 C 78 % 7$ C 80 A

uestions "2" % "22 C "2' C "24 % "2& A "2( A "27 C "28 ! "2$ C "'0 C "'" A "'2 ! "'' C

"" C 5et Cost o# -n.est*ent "2 ! "' ! "4 C "& ! "( C 5et returns "7 % "8 ! "$ ! 20 ! 2" ! Cost o# capital 22 A 2' % 24 % 2& % 2( !


'' % '4 C '& C '( % '7 A '8 % '$% 40 E 4" E 42 E 4' C 44 % 4& M K > @ 4( C

Ch 14 Cont.! &7 ! &8 A &$ % (0 C (" A %iscounted cash #lows *odel

ratios 2( % 27 A 28 A 2$ C '0 % '" A '2 % '' ! '4 !onus '& C '( A '7 ! '8 A '$ C

8" A 82 ! 8' A 84 ! 8& A 8( ! 87 A 88 C 8$ ! $0 A $" % $2 A $' A $4 %

"'4 C "'& C 136. 1#1! "'7 ! "'8 A "'$ ! "40 % "4" ! "42 % "4' ! "44 ! "4& 1"?"3 "4( C "47 C "48 1"2&93 "4$ %

27 % 28 % 2$ ! '0 A '" C '2 % '' ! '4 A '& ! '( ! '7 % '8 A '$ ! 40 !

40 % 4" C 42 ! 4' A 44 ! 4& ! 4( C rowth ratios 47 C 48 % 4$ %

$& ! $( C $7 C $8 A $$ C "00 A "0" A "02 % "0' C "04 A "0& %

4" A 42 ! 4' C 44 A +raditional

""0 A """ A 5 inde9 ""2 A -nternal rate o#

"&$ % "(0 % "(" C "(2 A "(' !

Chapter 15 Multiple Choice " ! 2 % ' C 4 C

4& A 4( ! 47 % 48 A 4$ A &0 ! &" ! &2 % &' % &4 % && ! &( C Chapter 16 Multiple Choice E##ecti.e discount rate " A 2 ! ' !

"(4 A "(& !

& ! ( %

4 ! & !

e.aluation *odels


eneral (2 % (' % (4 ! (& A (( C (7 A (8 % ($ % 70 % 7" C 72 % 7' A 74 C 7& ! 7( ! 77 A 78 % 7$ C 80 C

""4 % ""& C ""( A ""7 C ""8 ! ""$ A "20 % "2" A "22 C "2' A "24 ! "2& ! "2( ! "27 C "28 % "2$ A "'0 C "'" ! "'2 % "'' !

8" C

"'4 C ro#itability inde9 "'& ! "'( % "'7 C

82 A 8' % 84 ! 8& A 5et present .alue 8( A 87 A 88 A 8$ ! $0 C $" C $2 % $' % $4 ! $& ! $( ! $7 C $8 A $$ !

"'8 ! "'$ ! "40 % "4" % "42 C )ther discounted cash #lows *odels

"4' ! "44 % "4& ! "4( % "47 ! >ease or buy "48 A "4$ A

"(( A "(7 % "(8 C Co*prehensi.e roble*s

"($ ! "70 C "7" % "72 C "7' % "74 % "7& A "7( % "77 C "78 ! "7$ % "80 ! "8" A "82 C "8' C "84 C 12' and 43

"& ! "( ! "7 % "8 ! "$ C 20 C 2" A 22 !

( ! 7 C Credit and collection policy 8 A $ C "0 ! "" ! "2 C "' % "4 A "& C "( ! "7 % "8 % "$ C 20 ! 2" A 22 % 2' C

2' C

24 %

E##ecti.e interest

"8& % "8( % "87 C "88 C

2& % 2( A 27 C Accounts recei.able

"8$ A

port#olio analysis

28 A 2$ ! '0 % '" ! '2 C '' A


"00 % "0" ! "02 ! "0' C "04 A "0& % "0( ! "07 % "08 ! "0$ %

)thers "&0 C "&" % "&2 A "&' ! "&4 A "&& A "&( A "&7 % "&8 C

Chapter 17 Multiple Choice " ! 2 % ' C 4 A & % ( A 7 ! 8 ! $ % "0 C "" C EQQ Model "2 ! "' ! "4 A "& % "( C "7 % "8 ! "$ A 20 ! 2" C

&& ! &( A &7 C &8 A &$ C (0 C Sa#ety stoc6 (" A (2 ! (' % (4 C (& % (( % (7 % (8 ! ($ C 70 % 7" A 72 % 7' % 74 ! 7& ! 7( C


22 A 2' % 24 C 2& % 2( % 27 ! 28 ! 2$ C '0 C '" ! '2 % '' C '4 C '& ! '( % '7 ! '8 C '$ ! 40 A 4" A 42 A 4' % 44 C 4& C 4( % 47 ! 48 % 4$ ! &0 A &" A
77 % 78 % 7$ C 80 ! 8" ! @-+ M<E< ,MS etc 82 A 8' ! 84 A 8& % 8( A 87 A 88 C 8$ ! $0 % $" % $2 A Miscellaneous $' % $4 C $& ! $( !

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