1.Which of the following would not be on the statement of cash flows?

a. cash flows from financing activities

b. cash flows from investing activities

c. cash flows from contingent activities

d. cash flows from operating activities

2. The order of presentation of activities on the statement of cash flows is

a. operating, investing, and financing

b. operating, financing, and investing

c. financing, investing, and operating

d. financing, operating, and investing

3. Assume the following sales data for a company:

	Current year	$325,000
	Preceding year	250,000

What is the percentage increase in sales from the preceding year to the current year?

a. 30%

b. 76.9%

c. 50%

d. 70%

4. The relationship of $325,000 to $125,000, expressed as a ratio, is

a. 0.45

b. 2.0

c. 2.6

d. 2.5

5. Accounts payable	$ 40,000
Accounts receivable	65,000
Accrued liabilities	7,000
Cash	30,000
Intangible assets	40,000
Inventory	72,000
Long-term investments	110,000
Long-term liabilities	75,000
Marketable securities	36,000
Notes payable (short-term)	30,000
Property, plant, and equipment	625,000
Prepaid expenses	2,000

Based on the above data, what is the amount of quick assets?

a.$131,000

b.$66,000

c.$205,000

d.$203,000

6. Which of the following measures a company's ability to pay its current liabilities?

a. current ratio

b. inventory turnover

c. earnings per share

d. number of times interest charges earned

Accounts payable	$ 30,000
Accounts receivable	35,000
Accrued liabilities	7,000
Cash	25,000
Intangible assets	40,000
Inventory	72,000
Long-term investments	100,000
Long-term liabilities	75,000
Marketable securities	36,000
Notes payable (short-term)	20,000
Property, plant, and equipment	400,000
Prepaid expenses	2,000

7. Based on the above data, what is the amount of quick assets?

a.$168,000

b.$61,000

c.$60,000

d.$96,000

8. Compute conversion costs given the following data: Direct Materials, $347,500; Direct Labor, $196,300; Factory Overhead, $187,900; and Selling Expenses, $45,290.

a. $187,900

b. $543,800

c. $731,700

d. $384,200

9. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as

a. factory overhead cost

b. product costs

c. miscellaneous expense

d. period cost

10. Given the following data:

Work in process, beginning	$14,000
Work in process, ending	20,000
Direct labor costs	4,000
Cost of goods manufactured	8,000
Factory overhead	8,000

Direct materials used is

a.$4,000

b.$2,000

c.$14,000

d.$8,000