2009 AICPA Newly Released Questions – Business
Following are multiple choice questions recently released by the AICPA. These questions were released by the AICPA with letter answers only. Our editorial board is currently working on providing detailed explanations for these questions, so please check back to the Becker Knowledgebase soon for the updated file. Please note that the AICPA generally releases questions that it does NOT intend to use again. These questions and content may or may not be representative of questions you may see on any upcoming exams.
1
2009 AICPA Newly Released Questions – Business
1. CPAA company's target gross margin is 40% of the selling price of a product that costs $89 per unit. The product's
…show more content…
10
2009 AICPA Newly Released Questions – Business
10. CPAEaton is the sole owner of a construction company. Eaton is concerned about personal liability. Which of the following entities will best allow Eaton to limit personal liability? a. b. c. d. Sole proprietorship. C corporation. General partnership. Limited partnership.
Explanation Choice "b" is correct.
11
2009 AICPA Newly Released Questions – Business
11. CPAWhich of the following costs would decrease if production levels were increased within the relevant range? a. b. c. d. Total fixed costs. Variable costs per unit. Total variable costs. Fixed costs per unit.
Explanation Choice "d" is correct.
12
2009 AICPA Newly Released Questions – Business
12. CPAWhich of the following assumptions is associated with the economic order quantity formula? a. b. c. d. The carrying cost per unit will vary with quantity ordered. The cost of placing an order will vary with quantity ordered. Periodic demand is known. The purchase cost per unit will vary based on quantity discounts.
Explanation Choice "c" is correct.
13
2009 AICPA Newly Released Questions – Business
13. CPAWhich of the following statements about investment decision models is true? a. The discounted payback rate takes into account cash flows for all periods. b. The payback rule ignores all cash flows after the end of the payback period. c. The net present value model says to accept investment opportunities
Separating from your spouse or civil partner can be very stressing and hectic. Godivorce.co.uk will help you in tough and emotional times. Our services are tailored for divorce involving; Married & Unmarried Couples, Civil Partnerships, Injunctions and Children.
| The customers would be influenced because if the company are financially struggling the customers are there only hope to stay profiting. If the company was to go bust it means customers will no longer be able to shop there. The customers would be an external stakeholder, they can get information by advertisements and even check their annual report on the businesses website.
If you want to export goods to a particular country, make sure they have a need for your particular services or product. Most international businesses find multiple countries or locations that have a need for these items in order to ensure a steady and profitable revenue stream.
1. In order to implement an organizations commitment to social responsibility it is necessary to identify what social problem the organization intends to address, develop policies on what the organization plans to do to successfully fulfill its obligation and ensure stakeholder buy-in. The main obstacles an organization faces when implementing socially responsible policies is pressure from stockholders and business analysis who want steady increase in earnings. Without steady increase in profits, it becomes difficult to reinvest money in these areas. The following actions can be taken toward increased social responsibility:
Telephone – A telephone maintains a few different features rather than just receiving and making calls. At work the phones that we use are often different to
1. In relation to your current business environment (or one that you are familiar with), identify at least two different types of information technology that may be used when completing work tasks.
There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.
When you develop messages, what factors should you consider as you choose your words? Which considerations do you think are most important? Why?
There are many different paths people can take throughout their lives. In the novel, Fifth Business by Robertson Davies, the main character, Dunstan Ramsey, takes the path of the Canadian hero. There are many different steps to be taken by the hero and Dunstan Ramsey follows his path by completing each step.
• The first thing you need to do is save a copy of this document, either onto your computer or a disk
Please note that this Assessment document has 8 pages and is made up of 7 Sections.
A way of doing this task efficiently would be to keep a log setting out of the roles that you and the other members of the team have within the team in which you are working as a part of.
M1 - Compare the purposes of the different documents used in the selection and recruitment process
The purpose of this business plan is to convey the vision for how Musically Infinite will become the preferred vendor of choice for music artist both novice and veteran. This plan will detail the vital steps involved in transforming an idea for a successful business into a thriving profitable pillar to the Metro Atlanta Area economy.
3. Assume that cost of goods sold for a company consists only of variable costs and gross margin is = (revenue – cost of goods sold)/revenue. Which of the following is true