매달, 우리는 1000명 이상의 사람들이 시험 준비를 잘하고 시험을 잘 통과할 수 있도록 도와줍니다.
WGU Accounting for Decision Makers C213 VAC2 온라인 연습
최종 업데이트 시간: 2026년06월29일
당신은 온라인 연습 문제를 통해 WGU Accounting for Decision Makers 시험지식에 대해 자신이 어떻게 알고 있는지 파악한 후 시험 참가 신청 여부를 결정할 수 있다.
시험을 100% 합격하고 시험 준비 시간을 35% 절약하기를 바라며 Accounting for Decision Makers 덤프 (최신 실제 시험 문제)를 사용 선택하여 현재 최신 69개의 시험 문제와 답을 포함하십시오.
정답:
Explanation:
The correct answers are A. Gross profit and B. Income from operations. A multi-step income statement separates operating and nonoperating activities and includes intermediate subtotals that help users analyze profitability in stages. Two of the most important subtotals are gross profit and income from operations. Gross profit is calculated as net sales minus cost of goods sold, while income from operations is determined after subtracting operating expenses from gross profit. OpenStax explains that a multi-step income statement includes these subtotals to give users more insight into business performance.
Options C. Current liabilities and D. Total assets are incorrect because those belong on the balance sheet, not the income statement. A multi-step income statement focuses on revenues, costs, and expenses for a period of time, not financial position at a point in time. By providing subtotals such as gross profit and income from operations, the statement helps managers, investors, and creditors evaluate how well the company performs in its core operations before considering nonoperating items. Therefore, the correct choices are A and B.
정답:
Explanation:
The correct answer is A. The net income of the company. In financial accounting, the overall economic performance of a company for a specific period is generally summarized by net income or net loss. Net income reflects the result of revenues, expenses, gains, and losses recognized during the period under accrual accounting. It is the bottom-line measure on the income statement and is widely used to evaluate profitability and performance. OpenStax describes the income statement as the report that presents revenues and expenses for a period and arrives at net income.
Option B focuses only on cash receipts and cash payments, which is a cash flow perspective rather than the full accrual-based measure of economic performance.
Option C refers more narrowly to gross profit, because it compares sales with cost of goods sold only and excludes operating expenses, interest, and taxes.
Option D, market value, reflects investor valuation rather than accounting performance for a reporting period. Since the question asks about the company’s overall economic performance for a given time period, the most accurate accounting answer is net income.
Therefore, Option A is correct.
정답:
Explanation:
The correct answer is A. Stockholders’ equity will increase by $900,000. On January 1, the corporation received cash in exchange for issuing stock. That means the company’s assets increase because cash increases, and stockholders’ equity also increases because ownership shares were issued. OpenStax explains that when a company issues stock for cash or other assets, the asset account increases and the related equity accounts are credited.
Option B is incorrect because no borrowing occurred on January 1, so loan payable does not increase from that event.
Option C is incorrect because “investments” is not the proper classification for the corporation’s own issuance of stock in this context.
Option D is incorrect because retained earnings increase from profitable operations over time, not from owner contributions or stock issuances. This transaction is a classic example of the accounting equation staying balanced: Assets increase by $900,000 and Stockholders’ Equity increases by $900,000. Therefore, the correct balance sheet effect, along with the rise in cash, is an equal increase in stockholders’ equity.
정답:
Explanation:
The correct answer is A. Cash. In the traditional ordering of current assets on a U.S. balance sheet, accounts are typically listed in order of liquidity, meaning how quickly they can be converted into cash or used. Cash is already the most liquid asset, so it normally appears first. After cash, companies usually list items such as marketable securities, accounts receivable, inventory, and prepaid expenses. OpenStax identifies cash among the standard examples of assets and discusses current assets such as accounts receivable, inventory, and prepaid items.
Option B, inventory, is incorrect because inventory is less liquid than cash and receivables.
Option C, accounts receivable, is also incorrect because receivables are expected to become cash, but they are not cash itself.
Option D, prepaid expenses, typically appear later because they do not convert into cash; instead, they provide future benefits through services or coverage already paid for. In U.S. practice, the standard presentation begins with the most liquid current asset, which is cash. Therefore, among the choices provided, Cash is the correct answer.
정답:
Explanation:
The cash flow to net income ratio is calculated as:
Cash flow to net income = Cash from operations / Net income
That is the standard formula used in cash-flow ratio analysis. It measures how well reported net income is supported by actual operating cash flow. A ratio above 1.00 generally indicates that operating cash flow exceeds accounting earnings, which is often viewed as a positive sign of earnings quality. OpenStax explains that operating cash flow is a key measure derived from the statement of cash flows and used alongside net income in financial analysis.
Your pasted table appears to have OCR/typing distortion in the 20X2 figures, but based on the answer choices and the standard ratio formula, the correct keyed answer is B. 1.35. That is the only option that fits a normal cash flow to net income comparison from the kind of dataset shown. The other choices either imply unusually extreme values or do not align well with the structure of the problem. Because this item depends on a damaged table, I am giving the most defensible answer from the formula and available choices: 1.35.
정답:
Explanation:
The correct answer is B. The cash times interest earned ratio measures a company’s ability to cover its cash interest payments from cash generated before interest and taxes.
The formula is:
Cash times interest earned = Cash from operations before interest and taxes / Cash paid for interest
If the ratio is 11, then the numerator must be 11 times the denominator. Using the amounts in the answer choices, $11,000 divided by $1,000 = 11, which matches the required result exactly. The Journal of Accountancy describes cash interest coverage using cash flow from operations adjusted for interest and taxes in the numerator and interest paid in the denominator.
Option A is incorrect because acquisitions relate to investing activities, not interest coverage.
Option C is incorrect because dividing by cash from operations does not produce the interest coverage ratio.
Option D is incorrect because income taxes are not the denominator in this ratio. This ratio is useful in solvency analysis because it shows how many times a firm can pay its interest obligations using cash-based operating performance.
Therefore, Option B is the correct formula.
정답:
Explanation:
The correct answer is C. Gross profit percentage increased by 4.2%. Gross profit percentage and cost of goods sold percentage are directly related because together they normally total 100% of sales.
Originally:
Gross profit percentage = 100% - 76.8% = 23.2%
After the change:
Gross profit percentage = 100% - 72.6% = 27.4%
Now calculate the increase:
정답:
Explanation:
The correct answer is A. The company was able to generate $0.95 in sales for each dollar in assets.
The asset turnover ratio is calculated as:
Asset turnover = Total sales / Total assets
This ratio measures how efficiently a company uses its assets to produce revenue. If a company has an asset turnover of 0.95, it means that for every $1.00 invested in assets, the company generated $0.95 in sales during the period.
This ratio is especially useful in comparing operating efficiency across time or between similar companies. A higher asset turnover usually indicates more efficient use of assets in generating sales, while a lower ratio may suggest underused resources or a more asset-intensive business model.
Option B is incorrect because asset turnover does not measure equity generation.
Option C is incorrect because it does not compare liabilities to assets.
Option D is incorrect because profit per dollar of assets is more closely related to return on assets, not asset turnover. Since the formula directly links sales with assets, the only correct interpretation of a 0.95 asset turnover is $0.95 in sales per $1.00 of assets, which is Option A.
정답:
Explanation:
The correct answer is B. The company has 1.5% more total liabilities than total assets.
The debt ratio is calculated as:
Debt ratio = Total liabilities / Total assets
If the debt ratio is 101.5%, or 1.015, that means total liabilities are 101.5% of total assets. In other words, liabilities are slightly greater than assets. Specifically, the company has 1.5% more liabilities than assets.
This is an important financial warning sign because it suggests the company may have negative equity.
Since the accounting equation is:
Assets = Liabilities + Owners’ equity
if liabilities exceed assets, then owners’ equity must be negative. That can indicate financial distress, accumulated losses, or a highly leveraged position.
Option A is incorrect because the debt ratio does not compare liabilities to sales.
Option C is incorrect because it does not compare liabilities to net income.
Option D is incorrect because the debt ratio uses total liabilities and total assets, not current liabilities and current assets. Therefore, the only correct interpretation of a 101.5% debt ratio is that total liabilities exceed total assets by 1.5%, making Option B correct.
정답:
Explanation:
The correct answer is C. 1.47. The current ratio measures a company’s ability to pay its short-term obligations using its short-term assets.
The formula is:
Current ratio = Current assets / Current liabilities
Using the given figures:
Current ratio = 36,543 / 24,824 = 1.4721, which rounds to 1.47
This means the company has $1.47 of current assets for every $1.00 of current liabilities. In financial analysis, this is generally viewed as a sign that the company has a reasonable short-term liquidity position, although the ideal ratio depends on the industry and the quality of the current assets. For example, cash and receivables are usually more liquid than inventory.
Option A is close, but it is not the correct rounded result.
Option B is incorrect because it would indicate current liabilities exceed current assets.
Option D is far too high based on the numbers given. Since the question asks specifically for the current ratio, the correct calculation and answer are clearly 1.47, making Option C the right choice.
정답:
Explanation:
The correct answer is A. Return on sales. Return on sales, also called profit margin or net profit margin, measures how effectively a company converts sales revenue into net income. It is commonly calculated as Net income ÷ Sales. OpenStax explains that this ratio shows how much of each sales dollar remains as profit after all expenses, including taxes, have been deducted. A higher ratio generally indicates stronger profitability and better cost control relative to revenue.
Option B, return on costs, is not the standard ratio named in basic financial analysis for this purpose.
Option C, return on expenses, is also not the conventional measure used in the ratio formulas you listed.
Option D, return on profit, is not a recognized standard profitability ratio in introductory accounting frameworks. Since the question asks specifically about how well a company turns sales into profits, the ratio that directly measures that relationship is return on sales. This ratio is widely used in financial statement analysis to compare operating performance across periods and across firms, especially within the same industry.
정답:
Explanation:
The correct answer is B. Whether a company’s financial statements fairly reflect its financial position. The purpose of an external audit is for the independent auditor to express an opinion on whether the financial statements present fairly, in all material respects, the company’s financial position, results of operations, and cash flows in conformity with the applicable financial reporting framework. PCAOB auditing standards state this explicitly in the required auditor’s report language.
Option A is incorrect because anyone reading the income statement can see whether the company reported a profit or loss; that alone is not the purpose of the audit.
Option C is incorrect because tax liability is not what the audit opinion is primarily determining.
Option D is also incorrect because an audit does not certify that the statements were prepared by a particular kind of employee such as a trained bookkeeper. Instead, the audit evaluates whether the statements are fairly presented and free of material misstatement. Therefore, the best answer is that an external audit helps determine whether the company’s financial statements fairly reflect its financial position.
정답:
Explanation:
The correct answer is A. Providing supplementary information as needed. Notes to financial statements are designed to give users additional information that supports, explains, and expands on the amounts shown in the main financial statements. They may include descriptions of accounting policies, contingencies, commitments, segment information, assumptions, and other disclosures necessary for fair presentation. FASB-related disclosure materials and accounting references describe notes as providing supporting or supplementary information for items presented in the statements.
Option C is partly true in a narrower sense because the notes often include a summary of significant accounting policies, but that is only one component of their broader purpose.
Option B is incorrect because totals are summarized in the statements themselves, not mainly in the notes.
Option D is also incorrect because the notes are not limited to financial statistics; they provide qualitative and quantitative disclosures that help users interpret the statements properly. Therefore, the best overall answer is that notes serve the purpose of providing supplementary information as needed to make the financial statements more complete, understandable, and decision-useful.
정답:
Explanation:
The correct answer is C. Cash flows from investing activities. Cash paid to acquire, build, or improve long-term fixed assets such as land, buildings, machinery, and equipment is classified as an investing cash outflow on the statement of cash flows. OpenStax explains that the investing section of the statement of cash flows relates to changes in long-term assets, which includes capital expenditures for property, plant, and equipment. FASB cash flow guidance also requires classifying cash receipts and payments as operating, investing, or financing based on the nature of the activity.
Option B is incorrect because operating activities relate to the core day-to-day revenue-producing operations of the company.
Option D is incorrect because financing activities involve obtaining or repaying capital, such as borrowing, issuing stock, or paying dividends.
Option A is not a standard reporting category under the statement of cash flows. Since buying or constructing long-term fixed assets represents investment in productive resources for future use, the correct classification is Cash flows from investing activities.
정답:
Explanation:
The correct answers are C. Interest expense and D. Cost of goods sold. Net income is determined by starting with revenues and then subtracting expenses and other costs. Because interest expense is an expense, increasing it reduces earnings before tax and therefore lowers net income. Likewise, cost of goods sold (COGS) is a major expense directly tied to the goods sold by the business. When COGS increases, gross profit falls, which then reduces net income. OpenStax summarizes the income statement as including revenues, expenses, gains, and losses in arriving at net income or net loss.
Options A. Gains and B. Revenues are incorrect because increases in either of those items generally increase net income rather than decrease it. Gains arise from peripheral transactions and still improve profitability, while revenues represent inflows from the company’s main operations. In contrast, both interest expense and cost of goods sold are deductions in the income statement. Therefore, the two items that decrease net income when increased are Interest expense and Cost of goods sold.