6A:002 Fall 2009 – Final Exam
Page 1
Name (print) ________________________________
Student ID # ________________________________
Class day/time
______________________________
6A:002
Managerial Accounting
Fall 2009
Final Exam
Instructions:
1.
This exam contains 40 questions.
Each question is worth 2 1/2 points.
There are 100 total points on
the exam.
2.
There is no partial credit.
But, in some cases we may look for carrythrough errors.
Show your work
clearly so that you, and we, can understand the logic of what you are doing.
3.
Round numbers bigger than 1,000 to the nearest whole number.
Round numbers less than or equal
to 1,000 to four decimal places.
4.
Write your answers on the appropriate lines on the answer sheet on the last page of the exam.
5.
This is a "closed book, closed notes" exam.
You may NOT use your book, notes, or any other
references during the exam.
6.
You have two hours to complete the exam.
7.
This exam has 22 pages including this cover sheet (don’t be alarmed – there’s lots of extra room to
write and several pages of tables).
Check your exam and notify the proctor if pages are missing.
8.
The proctor can answer simple questions clarifying the English language.
Other types of questions
will not be answered.
9.
Remember  You need only a pencil, eraser, and simple calculator for this exam.
Using or viewing
any other material, including cell phones,
will be considered cheating regardless of the
circumstances
.
In such cases, you will receive 0 points for the exam.
After completing your exam, sign and date the Honor Pledge below.
If you cannot truthfully sign
the pledge, you must contact your professor or a proctor before handing in your exam.
On my honor, I pledge that during this examination I neither gave nor received any assistance.
__________________________
_____________
________________
Signature
Date
ID
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document6A:002 Fall 2009 – Final Exam
Page 2
Remember
When necessary, round your answers.
Round numbers bigger than 1,000 to the nearest
whole number.
Round numbers less than or equal to 1,000 to four decimal places.
Write your answers on the answer sheet on the last page of the exam.
1.
Toys Galore is concerned about the impact of the economy on its cash collections and wants to make sure it
will have enough cash on hand to purchase inventory for Christmas sales.
Its owner made the following sales
estimates for the months leading up to its Christmas rush.
August
September
October
November
December
Sales
$90,000
$80,000
$140,000
$175,000
$250,000
Based on past experience and current economic trends, Toys Galore expects only 40% of its sales to be cash
sales.
The rest will be credit sales.
Collections of credit sales are estimated to occur as follows.
•
This is the end of the preview.
Sign up
to
access the rest of the document.
 Spring '11
 stuff
 ........., Soundwave

Click to edit the document details