accounting systems mcqs

1. Carmen Santiago works for a number of businesses as a
“consultant.” She has helped design accounting systems,
provided accounting services, and analyzed the financial
strength of her clients’ businesses. Carmen is working as a
A. public accountant.
B. certified management accountant.
C. certified internal auditor.
D. private accountant.
2. Guaranteed replacement cost in a homeowner’s insurance
policy means that the insurance company
A. guarantees they’ll replace the lost items for you.
B. guarantees they’ll pay the current value of items lost.
C. will pay you what it costs to replace the items
new.
D. will pay you something for lost items, but the amount
can’t be determined, so they guarantee an average market value.
3. The primary purpose of accounting is to
A. facilitate government tracking of business activities.
B. make sure a business is paying its taxes.
C. help managers and other stakeholders make informed decisions.
D. provide a method of spending money wisely.
4. Which of the following statements about the money invested in a traditional IRA account is correct?
A. It isn’t taxed until it’s withdrawn.
B. It’s subject to double taxation.
C. It’s taxed as you make deposits.
D. It isn’t taxed.
5. The _______ reports a firm’s financial condition on a specific date.
A. income statement
B. cash flow statement
C. statement of stockholder’s equity
D. balance sheet
6. The _______ Act legislated new government reporting standards for publicly traded companies.
A. Wagner
C. Sarbanes-Oxley
B. Robinson-Patman
D. Clayton
7. _______ life insurance is the type in which some part of the money you pay in premiums goes to pure insurance while another portion goes toward savings.
A. Whole
C. Term
B. Variable
D. Fixed annuity
8. Which of the following statements about when the Fed increases the reserve requirement is correct?
A. Interest rates go down.
B. Banks have more money to lend.
C. Inflation tends to go up.
D. Banks have less money to lend.
9. Gross profit (gross margin) is equal to
A. gross sales minus net sales.
B. operating expenses minus taxes.
C. revenue minus cost of goods sold.
D. cost of goods sold minus operating expenses.
10. The first public offering of a corporation’s stock is called a/an _______, and it’s handled by the _______ market.
A. IPO; primary
C. PSO: secondary
B. IPO; secondary
D. PSO; primary
11. The primary function of the Fed’s Board of Directors is to
A. supervise banks.
C. regulate credit.
B. set monetary policy.
D. buy government bonds.
12. The contrarian approach to investing is best illustrated by
A. staying out of the market no matter what experts are saying.
B. always buying when others are selling.
C. investing in mutual funds, contradicting the idea that investing in individual stocks
is better.
D. investing predominantly in the bond market when others are investing in the stock market.
13. An index fund is a mutual fund that
A. guarantees dividends.
B. offers a minimum return.
C. invests in stocks that follow Moody’s or other rating indexes.
D. invests only in certain kinds of stock, such as those related to transportation.
14. In referring to the money supply, which of the following can be accessed quickly and easily and includes coins and paper money as well as checks?
A. M-1
C. M-3
B. M-2
D. e-cash
15. Daddy Warbucks bought Annie some stock for her birthday. The stock provides a fixed dividend, and, if the dividend isn’t paid when it’s due, the missed dividend will accumulate to be paid later. Daddy bought Annie _______ stock.
A. common
C. convertible
B. preferred
D. preemptive right
16. When a European coffee maker becomes
less expensive to buy in the United States, you could probably say that we’re experiencing a _______ dollar.
A. falling
C. rising
B. inflated
D. stable
17. Earnings per share, return on sales, and return on equity are all _______ ratios.
A. activity
C. liquidity
B. profitability
D. debt
18. Regarding bonds, which statement is
most accurate?
A. Bond holders are creditors, not owners.
B. Bond holdings are nearly always converted to common stock.
C. Bonds are a primary source for a company’s long-term funding.
D. It’s illegal for a firm to offer bonds with a floating dividend rate.
19. The first step in taking control of your finances is
A. keeping track of all your expenses.
B. preparing a budget.
C. paying off your debts.
D. taking an inventory of your assets.
20. The first step in the accounting cycle is
A. putting information into journals.
B. preparing a trial balance.
C. analyzing and categorizing documents.
D. posting transactions to ledgers.
21. The major completely electronic securities exchange in the United States is the
A. NYSE.
C. AMEX.
B. NASDAQ.
D. Chicago Commodity Exchange.
22. A specialized accounting book in which information is posted into specific categories so managers can find information about one account in the same place is called a
A. ledger.
C. trial balance sheet.
B. journal.
D. double-entry book.
23. When planning for your future, an investment in a college education will, above all,
A. provide you with new ideas.
B. give you a chance to learn about different ways of life.
C. improve your earning potential.
D. guarantee a certain desired job.
24. The type of accounting concerned with providing information and analyses to managers within the organization is referred to as
A. financial accounting.
C. auditing.
B. managerial accounting.
D. tax accounting.
25. With respect to the Federal Reserve, the discount rate is the
A. interest rate charged for loans to member banks.
B. amount of money member banks must keep on hand at the Fed.
C. rate the Fed charges for selling bonds.
D. interest rate banks charge other banks.

Write a program that will ask the user

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Write a program that will ask the user

 

Write a program that will ask the user how many of these coinpurses they wish to enter. Then prompt the user, for each coinpurse, the contents of that purse. The value of each coinpurse should be printed. When all coinpurses have been entered, the most valuable purse should be displayed again, and then the total value of all coinpurses.

Challenge: A truly outstanding solution would be able to read in the purses from a file and produce output, or write out the contents of all the purses to a file after they are entered, as the user of the program desired.

Sample Output
How many coinpurses? 3
Coinpurse #1:
How many dollars? 1
How many quarters? 7
How many dimes? 3
How many nickels? 5
How many pennies? 2
Total value: $3.32 (1D, 7q, 3d, 5n, 2p)
Coinpurse #2:
How many dollars? 10
How many quarters? 4
How many dimes? 6
How many nickels? 2
How many pennies? 55
Total value: $12.25 (10D, 4q, 6d, 2n, 55p)
Coinpurse #3:
How many dollars? 0
How many quarters? 42
How many dimes? 87
How many nickels? 2
How many pennies? 105
Total value: $20.35 (0D, 42q, 87d, 2n, 105p)
Purse #3 is the most valuable: $20.35 (0D, 42q, 87d, 2n, 105p)
Total value is $35.92 (11D, 53q, 96d, 9n, 162p)

Write a program that will ask the user

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Write a C# program that creates a StudentAverage class

Write a C# program that creates a StudentAverage class consisting of student name, student id, and 4 grades. The grades are for for exam 1, exam 2, exam 3, and exam 4. In a separate implementation class, allow the user to enter the grades. Call the constructor to create an instance of the StudentAverage class. Include appropriate properties. Do not allow the object to be changed after an object has been constructed. Provide a method in the StudentAverage class to compute and return the average exam grades. Override the ToString() method to return the information from the user. Print all grades and the average formatted with 2 digits to the right of the decimal. Use a single class method to enter all the data.

Write a C# program that creates a StudentAverage class consisting

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calculates the appropriate charges

A local recording studio rents its facilities for $200 per hour. Management charges only for the number of minutes used. Create a project in which the input is the number of minutes it used the studio. Your program calculates the appropriate charges, accumulates the total charges for all groups, and computes the average charge and the number of groups that used the studio.

 

Form: Use labeled text boxes for the name of the group and the number of minutes used. The charges for the current group should be displayed formatted in a text box. Create a group box for the summary information. Inside the group box, display the total charges for all groups, the number of groups, and the average charge per group. Format all output appropriately. Include buttons for Calculate< Clear, Print, and Exit.

 

Code: Use a constant for the rental rate per hour; divide that by 60 to get the rental rate per minute. Don not allow bad input data to cancel the program.

 

 

Test Data

 

Group Minutes

 

Pooches 95

 

Hounds 5

 

Mutts 480

 

 

Check Figures

 

Total Charges Total Number Average Total Charges

 

For Group of Groups Charge for All Groups

 

 

$316.67 1 $316.67 $316.67

 

 

$16.67 2 $166.67 $333.33

 

$1,600.00 3 $644.44 $1,933.33

 

Visual Basic 2010 prog

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T-shirt

USE CASE DIAGRAM
I need to make super-simple UML diagrams for “T-Shirt City” a hypothetical T-Shirt Company. The company needs an ordering system that allows a user to:
1. Create an order
2. View the order
3. Pay for the order (by credit card only) and have it processed by C.C. Processor
4. Extensions – be able to update payments or cancel order and Payment
5 .Other business functions are out of scope
The first diagram is a use case diagram for the system. The diagram should show as actors:
Customer
Credit Card Processor
Two company employee types (order clerk, manager, owner, etc. – as long as it fits
Call it “Part 1_Use Case Diagram ”

T-shirt

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Registration workers at a conference for authors

Registration workers at a conference for authors of children’s books have collected data about conference participants, including the number of books each author has written and the target age of their readers. The participants have written from 1 to 10 books each, and target readers’ ages range from 0 through 16. Design a Visual Logic Flowchart for a program that continuously accepts the number of books written, one entery per author, until a sentinel value of -1 is entered, and then displays a list of how many authors have written each number of books (1 through 10) skipping numbers of books that have no authors that have written that number.

 

In Visual Logic use console I/O.

 

Here is one example of what the program I/O might look like:

 

Please enter number of books: 5
Please enter number of books: 7
Please enter number of books: 5
Please enter number of books: 8
Please enter number of books: 10
Please enter number of books: 10
Please enter number of books: 9
Please enter number of books: 0
Sorry please enter a number of books between 1-10: 10
Please enter number of books: -1
Number of authors of 5 books: 2
Number of authors of 7 books: 1
Number of authors of 8 books: 1
Number of authors of 9 books: 1
Number of authors of 10 books: 3

 

Registration workers at a conference for authors

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Overriding the equals Method

Overriding the equals Method
File Player.java contains a class that holds information about an athlete: name, team, and uniform number. File
ComparePlayers.java contains a skeletal program that uses the Player class to read in information about two
baseball players and determine whether or not they are the same player.
1. Fill in the missing code in ComparePlayers so that it reads in two players and prints “Same player” if they
are the same, “Different players” if they are different. Use the equals method, which Player inherits from
the Object class, to determine whether two players are the same. Are the results what you expect?
2. The problem above is that as defined in the Object class, equals does an address comparison. It says that
two objects are the same if they live at the same memory location, that is, if the variables that hold
references to them are aliases. The two Player objects in this program are not aliases, so even if they
contain exactly the same information they will be “not equal.” To make equals compare the actual
information in the object, you can override it with a definition specific to the class. It might make sense to
say that two players are “equal” (the same player) if they are on the same team and have the same uniform
number.
􀀀 Use this strategy to define an equals method for the Player class. Your method should take a Player
object and return true if it is equal to the current object, false otherwise.
􀀀 Test your ComparePlayers program using your modified Player class. It should give the results you
would expect.
// *********************************************************
// Player.java
//
// Defines a Player class that holds information about an athlete.
// **********************************************************
import java.util.Scanner;
public class Player
{
private String name;
private String team;
private int jerseyNumber;
//———————————————————–
// Prompts for and reads in the player’s name, team, and
// jersey number.
//———————————————————–
public void readPlayer()
{
Scanner scan = new Scanner(System.in);
System.out.print(“Name: “);
name = scan.nextLine();
System. out. print (“Team: “);
team = scan.nextLine();
System.out.print(“Jersey number: “);
jerseyNumber = Scan.nextInt();
}
}
Chapter 9: Inheritance 163
// **************************************************************
// ComparePlayers
//
// Reads in two Player objects and tells whether they represent
// the same player.
// **************************************************************
import java.util.Scanner;
public class ComparePlayers
{
public static void main(String[] args)
{
Player player1 = new Player();
Player player2 = new Player();
Scanner scan = new Scanner();
//Prompt for and read in information for player 1
//Prompt for and read in information for player 2
//Compare player1 to player 2 and print a message saying
//whether they are equalsw

Overriding the equals Method

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