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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Managerial Accounting for Decision Making | - Cost Behavior
|
| Business Decision Support | - Relevant Costing
|
| Financial Accounting Fundamentals | - Financial Statements
|
WGU Accounting for Decision Makers C213 VAC2 Sample Questions:
Which information does a balance sheet provide about a company?
- A. Assets and liabilities for a specific point in time
- B. Cash collections and cash expenditures for a period of time
- C. Cash collections and cash expenditures at a specific point in time
- D. Revenues and expenses for a period of time
Correct Answer: A 🗳️
Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).
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?
- A. $105,000
- B. $195,000
- C. $350,000
- D. $650,000
Correct Answer: D 🗳️
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Which two procedures do external auditors use to gain confidence in the quality of a company's financial reporting processes?
Choose 2 answers.
- A. They perform a marketing analysis to determine demand for the company's products or services
- B. They obtain confirmations from third parties the company does business with
- C. They poll the public regarding the company's external image
- D. They conduct a customer satisfaction survey
- E. They examine records to support balances and transactions
Correct Answer: B,E 🗳️
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Which overhead cost is associated with batch-level activities?
- A. Factory insurance
- B. Property taxes
- C. Product engineering wages
- D. Machine setups
Correct Answer: D 🗳️
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The following list provides partial financial information for a company.
Financial Category | 20X3 | 20X2
Net income | $3,540 | ?
Cash from operations | $4,417 | ?
Cash paid for capital expenditures | $5,613 | ?
Cash paid for acquisitions | $5,964 | ?
Cash paid for interest | $2,782 | ?
Cash paid for income taxes | $2,860 | ?
What is the cash flow to net income ratio for this company in 20X2?
- A. 2.45
- B. -0.01
- C. 1.35
- D. 1.80
Correct Answer: C 🗳️
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