Please I want all my answer correct because this my test if you do not know answers please do not take the questions

11 multiple choice

1. A high accounts receivable turnover indicates the company's sales have increased. many customers are not paying their receivables. a large portion of the company's sales are on credit. customers are making payments quickly. 2.Hickory Hills Pro Shop had a balance in the Accounts Receivable account of $800,000 at the beginning of the year and a balance of $900,000 at the end of the year. Net credit sales during the year amounted to $7,310,000. The average collection period of the receivables in terms of days was 44 days. 42.4 days. 365 days. 41 days 3. The debt to assets ratio measures whether interest can be paid on debt in the current year. the percentage of the total assets provided by creditors. the proportion of interest paid relative to dividends paid. the company's profitability 4. The asset turnover measures the overall rate of return on assets. the portion of the assets that have been financed by creditors. how often a company replaces its assets. how efficiently a company uses its assets to generate sales 5. A liquidity ratio measures the short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash. income or operating success of an enterprise over a period of time. number of times interest is earned. ability of the enterprise to survive over a long period of time. 6. Junebag Corporation reported net income $36,000; net sales $400,000; and average assets $600,000 for 2014. What is the 2014 profit margin? 60% 67% 9% 11 7. The current ratio is used to evaluate a company's solvency and long-term debt paying ability. calculated by subtracting current liabilities from current assets. calculated by dividing current liabilities by current assets. used to evaluate a company's liquidity and short-term debt paying ability 8. Managerial accounting information is generally prepared for managers. stockholders. regulatory agencies. creditors. 9. Which of the following are period costs? Direct materials and direct labor Direct labor and manufacturing overhead Raw materials Selling expenses 10. Presented below are Truck Company's monthly manufacturing cost data related to its personal computer products. (a) (b) (c) Taxes on factory building Raw materials Depreciation on manufacturing equip. $820,000 66,000 210,000 (d) Wages for assembly line workers 340,000 Enter each cost item in the following table, placing an \"X\" under the appropriate headings. Product Costs Direct Materials Direct Labor Manufacturing Overhead (a) (b) (c) (d) 11. The following amounts were reported by Burke Company before adjusting its immaterial overapplied manufacturing overhead of $8,000. Raw Materials Inventory Finished Goods Inventory Work in Process Inventory $40,000 60,000 100,000 Cost of Goods Sold 770,000 Compute what amount Burke will report as cost of goods sold after it disposes of its overapplied overhead. Cost of goods sold $ 1. A high accounts receivable turnover indicates the company's sales have increased. many customers are not paying their receivables. a large portion of the company's sales are on credit. customers are making payments quickly. 2.Hickory Hills Pro Shop had a balance in the Accounts Receivable account of $800,000 at the beginning of the year and a balance of $900,000 at the end of the year. Net credit sales during the year amounted to $7,310,000. The average collection period of the receivables in terms of days was 44 days. 42.4 days. 365 days. 41 days 3. The debt to assets ratio measures whether interest can be paid on debt in the current year. the percentage of the total assets provided by creditors. the proportion of interest paid relative to dividends paid. the company's profitability 4. The asset turnover measures the overall rate of return on assets. the portion of the assets that have been financed by creditors. how often a company replaces its assets. how efficiently a company uses its assets to generate sales 5. A liquidity ratio measures the short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash. income or operating success of an enterprise over a period of time. number of times interest is earned. ability of the enterprise to survive over a long period of time. 6. Junebag Corporation reported net income $36,000; net sales $400,000; and average assets $600,000 for 2014. What is the 2014 profit margin? 60% 67% 9% 11 7. The current ratio is used to evaluate a company's solvency and long-term debt paying ability. calculated by subtracting current liabilities from current assets. calculated by dividing current liabilities by current assets. used to evaluate a company's liquidity and short-term debt paying ability 8. Managerial accounting information is generally prepared for managers. stockholders. regulatory agencies. creditors. 9. Which of the following are period costs? Direct materials and direct labor Direct labor and manufacturing overhead Raw materials Selling expenses 10. Presented below are Truck Company's monthly manufacturing cost data related to its personal computer products. (a) (b) (c) Taxes on factory building Raw materials Depreciation on manufacturing equip. $820,000 66,000 210,000 (d) Wages for assembly line workers 340,000 Enter each cost item in the following table, placing an \"X\" under the appropriate headings. Product Costs Direct Materials Direct Labor X (a) (b) Manufacturing Overhead X X (c) X (d) 11. The following amounts were reported by Burke Company before adjusting its immaterial overapplied manufacturing overhead of $8,000. Raw Materials Inventory Finished Goods Inventory Work in Process Inventory $40,000 60,000 100,000 Cost of Goods Sold 770,000 Compute what amount Burke will report as cost of goods sold after it disposes of its overapplied overhead. Cost of goods sold $ 762,000