24 A decrease in accounts payable (indirect method) would lead to: Decrease in Operating Cash Flows. Increase in Operating Cash Flows. Decrease in Financing Cash Flows. Increase in Financing Cash Flows. Question 25 Which of the following is not a category of financial statement ratios? Asset. Financial leverage. Liquidity. Profitability. 3.5 pts 3.5 pts Question 26 3.5 pts Which of the following types of analysis compares one or more accounts or totals to another set of accounts or totals, generally in the same year? Ratio Analysis Vertical Analysis Trend analysis Horizontal analysis Question 27 Which of the following ratios compares the net income to the average total assets? Return on Investment Asset Turnover Ratio Earnings Per Share Debt to Equity Ratio: 3.5 pts Question 28 Which of the following ratios would be considered to be an activity ratio? Inventory Turnover Current Ratio Debt Ratio Earnings Per Share Question 29 The term "relevant range" refers to: the range of activity where expected cost relationships are valid. the range of activity where costs will fluctuate. " the range of activity where fixed costs change as activity changes. the range of activity where total variable cost remains constant as activity changes. 3.5 pts 3.5 pts Question 30 As the total volume of activity changes: the total of variable costs changes. the total of fixed costs changes. variable costs per unit change. fixed costs per unit stay the same. Question 31 As the level of activity increases: fixed cost per unit decrease. 000 fixed cost per unit increase. variable cost per unit increase. variable cost per unit decrease. 3.5 pts 3.5 pts D Question 32 As the level of activity decreases: fixed cost remains constant in total. fixed cost per unit decrease. variable cost per unit decrease. variable cost remains constant in total. Question 33 Which of the following is the correct calculation for the break-even point in units? contribution margin per unit divided by fixed costs contribution margin per unit divided by sales contribution margin ratio divided by fixed costs contribution margin ratio divided by sales 3.5 p 3.5 pts Question 34 The sequence of activities that add value to the organization are: the value chain. the value processes. the chain of production events. the strategic cost initiatives. Question 35 Direct costs pertain to costs that: are traceable to a cost object. are not traceable to a cost object. are commonly incurred. are variable costs. 3 3.5 F Question 36 The production cost of a single unit of a manufactured product is determined by: 3.5 p dividing total direct materials, direct labor, and manufacturing overhead for a production run by the number of units made. dividing total direct materials and direct labor for a production run by the number of units made. dividing total direct materials, direct labor, manufacturing overhead and selling expenses for a production run by the number of units made. O dividing the selling price by the gross profit ratio. Question 37 The three components of product costs are: direct material, direct labor, manufacturing overhead. direct material, supervisor salaries, selling expenses. direct labor, manufacturing overhead, indirect material. manufacturing overhead, indirect material, indirect labor. 3.5 pts