Statement of Cash Flows
Financial Statement Analysis
Cost Classification
Management & Ethics
Potpourri
100
The statement of cash flows contains what 3 activities?
Operating, Investing, and Financing
100
What type of analysis is shown in the image below?
Horizontal analysis
100
Direct materials, direct labor, and manufacturing overhead are classified as what types of cost?
Manufacturing or product cost
100
Three major activities of managers are planning, controlling, and ________ ?
Decision making
100
How many Super Bowls have been played?
55
200
Name the two methods used to report cash flows
Direct and Indirect Method
200
This type of analysis is used to show the relative sizes of the different accounts on a financial statement.
Vertical analysis
200
Costs that are not easily traced to a product are considered this type of cost.
Indirect cost
200
________ involves establishing goals and specifying how to achieve them.
Planning
200
Gas, liquid, solid ______ - What is the fourth state of matter?
Plasma
300
These activities generate cash inflows and outflows related to revenue and expense transactions that affect net income.
Operating activities
300
Working capital = ?
Current assets- Current liabilities
300
A cost that contains both variable and fixed elements.
Mixed cost or Semi-variable cost
300
In financial accounting, all information is to be reported following GAAP. What set of rules are mandatory for CMAs (management accountant)?
None
300
What was the most streamed song of 2020?
Blinding Lights-- The Weekend
400
Depreciation and amortization are examples of what type of expense.
Non-cash expense
400
The current ratio and acid-test ratio both have current liabilities as the denominator. The current ratio has current assets as its numerator. What is numerator of the acid-test ratio?
Quick assets or Cash+ Marketable Securities+ Current Receivables
400
For a manufacturing company, what are the 3 different inventory categories?
Raw materials, work in process, finished goods
400
In this inventory system, parts and material are pulled through the assembly process as needed.
JIT (Just-In-Time)
400
What is the best hand in Texas Hold'em poker?
Royal Flush
500
Free Cash Flow = ?
Free cash flow = Net cash provided by operating activities - Capital expenditures-Dividends
500
Return on assets = ?
{Net Income+ [Interest Expense x (1- Tax Rate)]}/ Average Total Assets
500
Contribution margin= ?
Sales- Variable expenses
500
The Standards of Ethical Conduct from the IMA emphasize competence, confidentiality, integrity, and _________ ?
Objectivity
500
Who was the 17th president of the United States?
Andrew Johnson