{"id":53191,"date":"2022-04-17T00:55:34","date_gmt":"2022-04-17T00:55:34","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/acc-281-week-5-pre-assessment-a-graded-best-tutorial-all\/"},"modified":"2022-04-17T00:55:34","modified_gmt":"2022-04-17T00:55:34","slug":"acc-281-week-5-pre-assessment-a-graded-best-tutorial-all","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/acc-281-week-5-pre-assessment-a-graded-best-tutorial-all\/","title":{"rendered":"Acc 281 week 5 pre-assessment &#8211; a graded &#8211; best tutorial &#8211; all"},"content":{"rendered":"<div>\n<p>Question 1. \u00a0\u00a0What best describes the purpose of a budget?\u00a0<\/p>\n<ul>\n<li><span>Budgets are \u201ccost reduction\u201d tools (No. \u00a0Budgets are \u201cplans of action\u201d tools)<\/span><\/li>\n<li><span><span>Budgets are \u201cplans of action\u201d tools (Yes. \u00a0Budgets are \u201cplans of action\u201d tools)<\/span><\/span><\/li>\n<li><span>Budgets are \u201ccost control\u201d tools (No. \u00a0Budgets are \u201cplans of action\u201d tools)<\/span><\/li>\n<li><span><span>Budgets are none of the above (No. \u00a0Budgets are \u201cplans of action\u201d tools)<\/span><\/span><\/li>\n<\/ul>\n<p>Question 2. \u00a0 Which of the following are common causes for labor efficiency variances? \u00a0Check all that apply:<\/p>\n<ul>\n<li><span>Use of lower-skilled or higher-skilled workers. (Yes. \u00a0Common causes for labor efficiency variances include use of lower-skilled or higher-skilled workers; effects of the learning curve; lower-quality or higher-quality materials; changes in methods or scheduling; and installation of new equipment.)<\/span><\/li>\n<li><span><span>Effects of the learning curve. (Yes. \u00a0Common causes for labor efficiency variances include use of lower-skilled or higher-skilled workers; effects of the learning curve; lower-quality or higher-quality materials; changes in methods or scheduling; and installation of new equipment.)<\/span><\/span><\/li>\n<li><span>Sufficient training, correct instructions, or worker satisfaction. (No. \u00a0Common causes for labor efficiency variances include use of lower-skilled or higher-skilled workers; effects of the learning curve; lower-quality or higher-quality materials; changes in methods or scheduling; and installation of new equipment.)<\/span><\/li>\n<li><span><span>Lower-quality or higher-quality materials. (Yes. \u00a0Common causes for labor efficiency variances include use of lower-skilled or higher-skilled workers; effects of the learning curve; lower-quality or higher-quality materials; changes in methods or scheduling; and installation of new equipment.)<\/span><\/span><\/li>\n<li><span>Changes in methods or scheduling. (Yes. \u00a0Common causes for labor efficiency variances include use of lower-skilled or higher-skilled workers; effects of the learning curve; lower-quality or higher-quality materials; changes in methods or scheduling; and installation of new equipment.)<\/span><\/li>\n<li><span>Installation of new equipment. (Yes. \u00a0Common causes for labor efficiency variances include use of lower-skilled or higher-skilled workers; effects of the learning curve; lower-quality or higher-quality materials; changes in methods or scheduling; and installation of new equipment.)<\/span><\/li>\n<li><span><span>Well maintained equipment or machine malfunction. (No. \u00a0Common causes for labor efficiency variances include use of lower-skilled or higher-skilled workers; effects of the learning curve; lower-quality or higher-quality materials; changes in methods or scheduling; and installation of new equipment..)<\/span><span>\u00a0 \u00a0<\/span><\/span><\/li>\n<\/ul>\n<p>Question 3. \u00a0\u00a0What is the advantage of the accounting rate of return method?\u00a0<\/p>\n<ul>\n<li><span>It is easily applied because it uses readily available financial accounting data. (Yes. \u00a0It is easily applied because it uses readily available financial accounting data.)<\/span><\/li>\n<li><span><span>It ignores the time value of money (No. \u00a0It is easily applied because it uses readily available financial accounting data.)<\/span><\/span><\/li>\n<li><span>It generally assumes smooth cash flows over the project\u2019s life regardless of the actual cash-flow pattern. (No. \u00a0It is easily applied because it uses readily available financial accounting data.)<\/span><span>\u00a0<\/span><\/li>\n<li><span>It includes depreciation expense and other accounting accruals in the calculation of project income, losing the purity of cash-flow data.(No. \u00a0It is easily applied because it uses readily available financial accounting data.)<\/span><span>\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Question 1. \u00a0\u00a0What best describes the purpose of a budget?\u00a0 Budgets are \u201ccost reduction\u201d tools (No. \u00a0Budgets are \u201cplans of action\u201d tools) Budgets are \u201cplans of action\u201d tools (Yes. \u00a0Budgets are \u201cplans of action\u201d tools) Budgets are \u201ccost control\u201d tools (No. \u00a0Budgets are \u201cplans of action\u201d tools) Budgets are none of the above (No. \u00a0Budgets [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-53191","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/53191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=53191"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/53191\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=53191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=53191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=53191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}