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BUS 475 Final Exam Guide

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BUS 475 Final Exam Answers

Reviewed and Verified for the 2017 Academic Year
The BUS475 Final Exam Guide contains 6 different sets from the final exam. Each set contains 100% correct answers and is designed to help students ace the most difficult final exam of their degree program. Every question also includes a detailed explanation to give you a full understanding of the answer. 

What's in the BUS 475 final exam study guide?

  • NEW Answers added in January 2017. 
  • Comprehensive guide with answer explanations
  • Over 500 Total Answers
  • Instant Download in .docx format
  • Last updated in Jaunary 2017
  • Unlimited Support from ACCNerd.com

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BUS 475 Content from 2017 (New Answer Guides)

Assume that the Fitzgerald Corporation uses the indirect method to depict cash flows. Indicate where, if at all, accounts receivable collected would be classified on the statement of cash flows.

Operating activities section.

Explanation: The operating activities section would be responsible for representing the decreases or increase in current assets, including accounts receivable.  

On March 1st, Candy, Inc. had supplies on hand of $1,500. During the month, Candy purchased supplies of $2,900 and used supplies of $2,800.  The March 31st balance sheet should report what balance in their supplies account?

​$1,600

Explanation: The balance sheet provides a snapshpot of assets at a specific point in time. This problem can be solved by added initial supplies to newly purchased supplies, then subtracting the total usage. (1500+2900) – 2800 = 1600

Green, Inc. had 200,000 shares of common stock outstanding before a stock split occurred and 800,000 shares outstanding after the stock split. The stock split was:​

​4-for-1​

Explanation: Green Inc. shares increased by a factor of 4 times. In other words, 4 shares were given for every 1 share that was owned. 

Continuous monitoring, in the contemporary approach, is beneficial because _____________.

​organization response time is increased​

Explanation: Continuous monitoring enables companies to quickly detect and flag areas of concern. This makes response time and conflict management happen far more rapidly. The SANS institute published an excellent article explaining continuous monitoring. 

BUS 475 Content from 2016

Jay stops at the shopping mall to purchase a new pair of jeans from the Diesel store.  He is the ultimate consumer in a pipeline from the producer through intermediaries, including the clothing store.  This pipeline is actually a__________.

​marketing channel

Explanation: A marketing channel is simply a path that enables to producer to gets its product to the final consumer.

Fred takes Betty to dinner at a very expensive and exclusive restaurant. The menu does not mention prices. The server takes their order, and both Betty and Fred enjoyed the meal immensely. When the bill comes, Fred refuses to pay because the menu had no prices and because he and the server never engaged in language indicating an offer and acceptance. The server said, “Are you ready to order?” and when Fred said “Yes,” the server merely asked, “What may I get you tonight?”

Fred must pay based on an implied-in-fact contract theory.

Explanation: Despite the lack of prices or verbal agreement, there is an implied contract when a person places an order for food at a restaurant. This societal convention is enough to make a valid contract.

 

All Past BUS 475 Answers Included

The reason economists and accountants have problems using cost analysis in the real world is that

although implicit costs do not show up in accounting profits, they nevertheless affect managerial decisions

Explanation: Implicit costs occur when an asset is used internally, rather than for direct cash flow. These costs affect decisions, but cannot be quantitatively measured. 

A standardized language used to manipulate data is

a data manipulation language

Explanation: Data manipulation languages are essential for virtually all computer programming applications. 

Which of the following is an ethical issue?

Business Process Reengineering

Explanation: Business processes can be redesigned to offer higher levels of social benefits, environmental sustainability, and stakeholder integration. 

What are the benefits of using IM in business communication?

The Oviedo Thespians are planning to present performances of their Florida Revue on two consecutive nights in January. It will cost them $5,000 per night for theater rental, event insurance, and professional musicians. The theater will also take 10% of gross ticket sales. How many tickets must they sell at $10.00 per ticket to break even?

1,112 tickets

Explanation: Breakeven = 10000 / (10 – 1) = 1111.11 = 1112 Tickets

Suppose Stock A has had a mean price of $6.58 per share with a standard deviation of $1.88, while Stock B has had a mean price of $10.57 per share with a standard deviation of $3.02. Which stock shows a higher coefficient of variation or volatility?

Both stocks have the same coefficient of variation.

Explanation = Stock A = 1.88 / 6.58 = .285714

Stock B = 3.02 / 10.57 = .285714

A distribution center for a chain of electronics supply stores fills and ships orders to retail outlets. A random sample of orders is selected as they are received and the dollar amount of the order

Which statement attempts to show the earnings of the firm’s operations over a specific time period?

Income statement

Explanation: The income statement will generally show how much a company has earned on a quarterly or annual basis.          

Let’s say a machine costs $1,000, has a three-year life, and has an expected salvage value of $100. It will produce after-expense twelve-month cash flows (ACF) of $600 per year, beginning one year from now. Provided that your needed rate of return for the task is 10%, what is the NPV (Net Present Value) of this investment product?

$570       

Explanation: NPV is calculated using the formula: Rt (1 + i)^2. In this case the NPV is determined be $570 when the required return is 10%. 

What are some of the disadvantages of using current liabilities versus long-term debt?

Greater risk of illiquidity, and uncertainty of interest costs

Explanation: Short-term debt often carries a larger interest rate and will make your company appear risker to investors and creditors.   

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