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Free Managerial Accounting (SAYA-0009) Exam Practice Questions

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Total Questions : 50

Start with our free BUS105 practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real Saylor Direct Credit Courses exam. Each BUS105 exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your Saylor weak domains, see where you're losing marks, and build a focused study plan in minutes.

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Question # 1

You are the newly hired manager of an individual restaurant chain. Which of the following responsibilities for your responsibility center would you be evaluated on?

Options:

A.  

Meeting cost budgets

B.  

Investments in assets decisions

C.  

Revenues, costs, and resulting profits

D.  

Return on investment for shareholders

Discussion 0
Question # 2

Which of the following might a capital budget decision consider?

Options:

A.  

Historical cash flows

B.  

Minimum wage requirements

C.  

Customer satisfaction surveys

D.  

Future cash inflows vs. future cash outflows

Discussion 0
Question # 3

Myer Inc. achieved their goal of reducing their employee turnover rate by 15%. Which of the following perspectives of their balanced scorecard is most likely to include this measure?

Options:

A.  

Learning and growth

B.  

Customer satisfaction

C.  

Financial performance

D.  

Internal business process

Discussion 0
Question # 4

What is the formula to calculate working capital?

Options:

A.  

Total assets − Total liabilities

B.  

Current assets − Current liabilities

C.  

Total assets − Current liabilities

D.  

Current assets + Current liabilities

Discussion 0
Question # 5

SJ Candles subscribes to a management theory known as management by exception. Which of the following best describes a situation where management by exception would be applied?

Options:

A.  

Tax savings resulted in an unplanned 25% increase to net income in year 2

B.  

Management is faced with an ethical issue regarding a decision about investing in long-term assets

C.  

There are significant activities occurring outside of the relevant range which require additional analysis

D.  

There is a $26,000 unfavorable labor rate variance that is 1% higher than their threshold for investigating variances

Discussion 0
Question # 6

Which of the following activities would be included in the cash flows from the financing section of the statement of cash flows?

Options:

A.  

Cash receipts from customers

B.  

Increase in accounts receivable

C.  

Purchase of property and equipment

D.  

Cash dividends paid to noncontrolling interests

Discussion 0
Question # 7

The accounting department for Aramai Inc. is preparing the cash flow statement for the current year. Using the select financial statement data below, what is Aramai’s net income when converted to cash provided by operating activities, using the indirect method?

Question # 7

Given:

    Net Income = $463,000

    Equipment Depreciation = +$38,500

    Patent Amortization = +$17,950

    Loss on Sale of Equipment = +$4,000

    Increase in Accounts Receivable = −$29,900

Apply adjustments to net income:

Cash from Operating Activities =

= $463,000

Options:

A.  

$38,500 (Depreciation – noncash)

B.  

$17,950 (Amortization – noncash)

C.  

$4,000 (Loss on Sale – noncash)− $29,900 (Increase in A/R – use of cash)= $493,550

Discussion 0
Question # 8

Managers have several different methods from which to choose when evaluating long-term investments. Which method disregards the time value of money as a factor?

Options:

A.  

Payback

B.  

Annuity tables

C.  

Net present value

D.  

Internal rate of return

Discussion 0
Question # 9

How does a statement of cash flows provide value for a company?

Options:

A.  

By showing assets, liabilities, and owners' equity at a point in time

B.  

By showing revenues and expenses using the accrual basis of accounting

C.  

By showing events that changed the stockholder's equity over the course of the accounting period

D.  

By showing the change from the beginning cash balance to the ending cash balance on the balance sheet

Discussion 0
Question # 10

Use the following relevant data to assign costs to units transferred out and units in ending WIP inventory. Total Units Accounted For:

Question # 10

Cost per Equivalent Unit:

Question # 10

What is the total cost of production?

Options:

A.  

$1,800

B.  

$3,325

C.  

$4,500

D.  

$9,000

Discussion 0

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