Responsibility Accounting and Performance Measures Paper 16

1

Depoole Company is a manufacturer of industrial products and employs a calendar year for financial reporting purposes. These questions present several of Depoole’s transactions during the year. Assume that total quick assets exceeded total current liabilities both before and after each transaction described. Further assume that Depoole has positive profits during the year and a credit balance throughout the year in its retained earnings account. The collection of a current accounts receivable of $29,000 would






2

Depoole Company is a manufacturer of industrial products and employs a calendar year for financial reporting purposes. These questions present several of Depoole’s transactions during the year. Assume that total quick assets exceeded total current liabilities both before and after each transaction described. Further assume that Depoole has positive profits during the year and a credit balance throughout the year in its retained earnings account. Obsolete inventory of $125,000 was written off during the year. This transaction






3

Depoole Company is a manufacturer of industrial products and employs a calendar year for financial reporting purposes. These questions present several of Depoole’s transactions during the year. Assume that total quick assets exceeded total current liabilities both before and after each transaction described. Further assume that Depoole has positive profits during the year and a credit balance throughout the year in its retained earnings account. The issuance of new shares in a five-for-one split of common stock






4

Depoole Company is a manufacturer of industrial products and employs a calendar year for financial reporting purposes. These questions present several of Depoole’s transactions during the year. Assume that total quick assets exceeded total current liabilities both before and after each transaction described. Further assume that Depoole has positive profits during the year and a credit balance throughout the year in its retained earnings account. The issuance of serial bonds in exchange for an office building, with the first installment of the bonds due late this year,






5

Depoole Company is a manufacturer of industrial products and employs a calendar year for financial reporting purposes. These questions present several of Depoole’s transactions during the year. Assume that total quick assets exceeded total current liabilities both before and after each transaction described. Further assume that Depoole has positive profits during the year and a credit balance throughout the year in its retained earnings account. The early liquidation of a long-term note with cash affects the






6

Southwest Airlines benchmarked the process of turning around an airplane with the pit stop process for formula racecars. This is an example of






7

Which measures would be useful in evaluating the performance of a manufacturing system?
I. Throughput time.
II. Total setup time for machines/Total production time.
III. Number of rework units/Total number of units completed.






8

A tool which indicates how frequently each type of defect occurs is a






9

A tool which identifies potential causes for failures or defects is






10

Which of the statements best describes the concept of sixsigma quality?






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