WGU Accounting-for-Decision-Makers Actual Tests : WGU Accounting for Decision Makers C213 VAC2

WGU Accounting-for-Decision-Makers Exam Syllabus Topics:

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

1. What can be determined when a firm performs an external audit of a company's financial statements?

A) Whether a company's financial statements were prepared by a trained bookkeeper
B) Whether a company's financial statements indicate that the company has to pay income taxes
C) Whether a company's financial statements indicate it made a profit
D) Whether a company's financial statements fairly reflect its financial position

2. The following cost-volume-profit graph shows revenues and costs at various levels of production.
How many units should this company sell each month to realize a profit?

A) 225
B) 275
C) 250
D) 100

3. The following list provides partial financial information for a company.
Financial Category | 20X3 | 20X2
Net income | $3,540 | ?
Cash from operations | $4,417 | ?
Cash paid for capital expenditures | $5,613 | ?
Cash paid for acquisitions | $5,964 | ?
Cash paid for interest | $2,782 | ?
Cash paid for income taxes | $2,860 | ?
What is the cash flow to net income ratio for this company in 20X2?

A) -0.01
B) 1.80
C) 2.45
D) 1.35

4. Last year, X Corporation had sales of $500,000 and total expenses of $300,000. A manager of the company is entitled to get a sales commission of 10% of net profit.
What amount of sales commission is to be recognized at year-end?

A) $10,000
B) $50,000
C) $20,000
D) $30,000

5. A company manufactures leather products and has recently switched to the activity-based costing (ABC) method. It needs to determine the cost of its leather wallets. The company is already aware of its DM and DL costs.
What is the first step to calculating the cost of the product?

A) Assign overhead costs
B) Double check the DM & DL calculations
C) Identify overhead cost activities
D) Calculate G & A

Solutions: