Updated Mar-2026 Exam Engine or PDF for the BUS105 Tests Free Updated Today!
Ultimate Guide to Prepare BUS105 with Accurate PDF Questions
Saylor BUS105 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
NEW QUESTION # 24
Diamonds and More produced a new line of necklaces that sell for $350 each. Management requires a profit equal to 40 percent of the selling price. What is the target cost of this product?
- A. $350
- B. $140
- C. $175
- D. $210
Answer: D
NEW QUESTION # 25
Using this data, what is the contribution margin?
- A. $365,000
- B. $326,000
- C. $625,000
- D. $121,000
Answer: B
NEW QUESTION # 26
How does a statement of cash flows provide value for a company?
- A. By showing assets, liabilities, and owners' equity at a point in time
- B. By showing the change from the beginning cash balance to the ending cash balance on the balance sheet
- C. By showing revenues and expenses using the accrual basis of accounting
- D. By showing events that changed the stockholder's equity over the course of the accounting period
Answer: B
NEW QUESTION # 27
This is select financial statement data for Binks Corporation. What is the inventory turnover ratio for year 2?
- A. 7.2
- B. 4.4
- C. 2.3
- D. 4.7
Answer: D
NEW QUESTION # 28
Thompson Dental is deciding between two lease options for a new copier. They anticipate making 22,500 copies spread evenly over the course of the year. Which of the following options should they choose if they want to save the most money on an annual basis, and how much money will they save?
Option 1: Monthly lease: $225, Included copies: 1,500/month, Additional copies: $0.15 per copy Option 2: Monthly lease: $250, Included copies: 1,800/month, Additional copies: $0.02 per copy
- A. Option 1; $300 annual savings
- B. Option 2; $357 annual savings
- C. Option 1; $16 annual savings
- D. Option 2; $189 annual savings
Answer: B
NEW QUESTION # 29
This is the balance sheet for Swinney Services. Using trend analysis, what does this information tell us about the trends for current assets and current liabilities?
- A. Current assets increased at a rate nearly 2x higher than current liabilities
- B. Current assets increased at a rate nearly 10x higher than current liabilities
- C. Current assets increased at a rate nearly 6x higher than current liabilities
- D. Current assets increased at a rate nearly 4x higher than current liabilities
Answer: B
NEW QUESTION # 30
SJ Candles is performing a cost-volume-profit analysis to prepare for year 2. Fixed costs are expected to remain the same as year 1, but variable costs per unit are expected to increase by 10%. They plan to keep the same sales price but want to know what level of sales must be achieved in year 2 to maintain the same operating profit.
- A. $424,050
- B. $405,789
- C. $398,350
- D. $282,700
Answer: B
NEW QUESTION # 31
Which of the following statements is a true statement about flexible budgets?
- A. Selling and administrative expenses are reported in the flexible budget
- B. The actual number of units sold is irrelevant to a flexible budget
- C. The flexible budget is prepared before the master budget to assist with planning
- D. Cost variance analysis is an integral part of preparing a flexible budget
Answer: A
NEW QUESTION # 32
This is select financial statement data for the three divisions of Technology Goods, Inc. Assuming all assets are operating assets, what is the return on investment for each division?
- A. 82.2%, 39.0%, 66.0%
- B. 53.0%, 32.0%, 50.9%
- C. 33.1%, 31.3%, 31.2%
- D. 17.8%, 10.0%, 15.9%
Answer: D
NEW QUESTION # 33
You are the newly hired manager of an individual restaurant chain. Which of the following responsibilities for your responsibility center would you be evaluated on?
- A. Meeting cost budgets
- B. Return on investment for shareholders
- C. Revenues, costs, and resulting profits
- D. Investments in assets decisions
Answer: C
NEW QUESTION # 34
Which of the following activities would be included in the cash flows from the financing section of the statement of cash flows?
- A. Cash receipts from customers
- B. Cash dividends paid to noncontrolling interests
- C. Increase in accounts receivable
- D. Purchase of property and equipment
Answer: B
NEW QUESTION # 35
What is the balance in the manufacturing overhead account after these transactions were recorded, assuming the beginning balance was zero?
- A. $6,000
- B. $6,700
- C. $4,780
- D. $700
Answer: D
NEW QUESTION # 36
Use the statement of cash flows to calculate the free cash flow.
- A. $3,000
- B. $22,000
- C. $52,000
- D. $77,000
Answer: A
NEW QUESTION # 37
Strang Tax provides tax consulting services to its clients whom they charge on an hourly basis. They would like to use differential analysis to determine whether profits would change if they dropped certain clients. Which of the following items should be excluded from this analysis?
- A. Wages payable
- B. Consulting fees
- C. Project management costs
- D. Rent expenses
Answer: D
NEW QUESTION # 38
Wycliff Corporation manufactured Job #3 during the month of May. On May 29, 100% of the product was finished and sold on account for $150. These journal entries were recorded during production:
On May 31, Wycliff determined that the amount remaining in the manufacturing overhead account was immaterial and closed it out. What was the amount of gross profit before closing the manufacturing account, and what effect did closing the manufacturing account have on gross profit?
- A. Gross profit was $75; gross profit decreased by $1.00 after closing manufacturing overhead.
- B. Gross profit was $44; gross profit decreased by $1.00 after closing manufacturing overhead.
- C. Gross profit was $44; gross profit increased by $1.00 after closing manufacturing overhead.
- D. Gross profit was $75; gross profit increased by $1.00 after closing manufacturing overhead.
Answer: A
NEW QUESTION # 39
The manager of Ladron Candies is deciding whether or not to invest in new equipment with a purchase price of $10,500 and a required rate of return of 7%. Given this calculation of the present value of cash inflows and outflows for the next three years, what should he decide, based on the internal rate of return?
- A. Accept the investment, because the internal rate of return is approximately 7%, which equals the required rate of return.
- B. Reject the investment, because the internal rate of return is approximately 7% and results in a loss after three years.
- C. Accept the investment, because the internal rate of return is approximately 6% and results in a profit after three years.
- D. Reject the investment, because the internal rate of return cannot be determined with the information given.
Answer: A
NEW QUESTION # 40
These tables pertain to the blending department of Martinez Corporation, a paint manufacturer, for the month of August.
Units accounted for in the mixing department:
Total costs to be accounted for in the mixing department:
What is the cost per equivalent unit for direct labor, and what is the cost of direct labor to be assigned to ending work in process inventory?
- A. $101 per equivalent unit; $60,600 direct labor cost assigned to ending WIP inventory
- B. $101 per equivalent unit; $85,850 direct labor cost assigned to ending WIP inventory
- C. $14 per equivalent unit; $7,000 direct labor cost assigned to ending WIP inventory
- D. $14 per equivalent unit; $8,400 direct labor cost assigned to ending WIP inventory
Answer: C
NEW QUESTION # 41
Use the following relevant data to assign costs to units transferred out and units in ending WIP inventory. Total Units Accounted For:
Cost per Equivalent Unit:
What is the total cost of production?
- A. $3,325
- B. $4,500
- C. $9,000
- D. $1,800
Answer: B
NEW QUESTION # 42
SJ Candles should expect the absorption costing and variable costing methods to result in the same 4th quarter operating profit when which of the following is true?
- A. They started the 4th quarter with no inventory and every candle that was produced in the 4th quarter also sold
- B. Their 4th quarter sales included every candle produced in the 4th quarter as well as a few that remained in inventory from the 3rd quarter
- C. They started the 4th quarter with no inventory and sold 80% of the candles that were produced in the 4th quarter
- D. They sold all remaining 3rd quarter inventory in 4th quarter and produced zero candles in 4th quarter
Answer: A
NEW QUESTION # 43
Ladron Candies is analyzing sales and production data for the holiday boxes they produced last year. The company expected to use 0.10 direct labor hours to produce one box of specialty candy, and the variable overhead rate was $2.00 per hour. According to payroll records, the company paid for a total of 104,000 hours of direct labor wages. The actual variable overhead costs totaled $200,000. They sold 800,000 boxes of candy to retailers. What is the variable overhead efficiency variance?
- A. $48,000 favorable variable overhead efficiency variance
- B. $8,000 favorable variable overhead efficiency variance
- C. $8,000 unfavorable variable overhead efficiency variance
- D. $48,000 unfavorable variable overhead efficiency variance
Answer: D
NEW QUESTION # 44
......
Pass Saylor With BraindumpsIT Exam Dumps: https://testking.braindumpsit.com/BUS105-latest-dumps.html