Test 2_Answer - Mid term exam Accounting For Managers 2...

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Mid term exam Accounting For Managers 2 hours ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ ــــــــــــــــــــــــــــــــــــــــــــــــ 1. An example of an investing activity on the statement of cash flows is purchasing fixed assets by issuing debt. F 2. Depreciation expense is not a source of cash. T 3. Increases in revenues do not affect stockholders’ equity. F 4. Measurement of cost behavior means understanding and quantifying how activities of an organization affect its levels of costs. T 5. The break-even point may be reduced by increasing the per unit variable cost. F 6. A good example of a cost driver for production labor wages is the number of machine hours. F 7. ______________ is not considered in the determination of the operating cycle. 8. Costs may behave in a linear and nonlinear way. T 9. Only managers of profit-seeking organizations find that the cost-volume- profit analysis is useful. F
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