2026 BUS105 Question Bank: Free PDF Download Recently Updated Questions
BUS105 Certification Exam Dumps with 52 Practice Test Questions
Saylor BUS105 Exam Syllabus Topics:
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NEW QUESTION # 10
A potential lender is investigating Wyatt Corporation's leverage. This is select balance sheet data for Wyatt Corporation as of December 31. What is the company's debt to assets ratio?
- A. 74%
- B. 86%
- C. 14%
- D. 23%
Answer: C
NEW QUESTION # 11
Use the following relevant data to assign costs to units transferred out and units in ending WIP inventory. Total Units Accounted For:
Cost per Equivalent Unit:
What is the total cost of production?
- A. $9,000
- B. $1,800
- C. $4,500
- D. $3,325
Answer: C
NEW QUESTION # 12
You are the financial accountant for Antioch Ski Resort. Managers have been promised end-of-year bonuses if profits for the year increase by 10%. At the end of the year, you determine that profits increased by only 8%, and the managers ask you to "fudge the numbers a bit" so they can still receive their bonuses. What should you do?
- A. Resign from the company
- B. Report the managers to the CEO
- C. Check whether the company has a policy on resolving ethical conflicts
- D. Consider inflating the profits for the year, since it is only a 2% difference
Answer: C
NEW QUESTION # 13
Using this data, what is the number of units that must be sold in order to achieve a desired after-tax profit of $100,000?
- A. 12,800 units
- B. 15,360 units
- C. 14,800 units
- D. 16,000 units
Answer: C
NEW QUESTION # 14
Wycliff Corporation manufactures several different styles of bicycles. Managers appropriately record direct materials and direct labor into work-in-process accounts during production. To apply manufacturing overhead, managers consider cost pools for assembly and shipping to calculate a predetermined overhead rate for each department. Which of the following best describes the method used by Wycliff Corporation for allocating manufacturing overhead costs?
- A. Process
- B. Plantwide
- C. Activity-based
- D. Departmental
Answer: D
NEW QUESTION # 15
SJ Candles is performing a cost-volume-profit analysis to prepare for year 2. Fixed costs are expected to remain the same as year 1, but variable costs per unit are expected to increase by 10%. They plan to keep the same sales price but want to know what level of sales must be achieved in year 2 to maintain the same operating profit.
- A. $424,050
- B. $282,700
- C. $398,350
- D. $405,789
Answer: D
NEW QUESTION # 16
What is the formula to calculate working capital?
- A. Current assets + Current liabilities
- B. Current assets - Current liabilities
- C. Total assets - Current liabilities
- D. Total assets - Total liabilities
Answer: B
NEW QUESTION # 17
Thompson Dental is deciding between two lease options for a new copier. They anticipate making 22,500 copies spread evenly over the course of the year. Which of the following options should they choose if they want to save the most money on an annual basis, and how much money will they save?
Option 1: Monthly lease: $225, Included copies: 1,500/month, Additional copies: $0.15 per copy Option 2: Monthly lease: $250, Included copies: 1,800/month, Additional copies: $0.02 per copy
- A. Option 1; $16 annual savings
- B. Option 1; $300 annual savings
- C. Option 2; $189 annual savings
- D. Option 2; $357 annual savings
Answer: D
NEW QUESTION # 18
Wycliff Corp. had an immaterial credit balance of $1,250 in the manufacturing overhead account after $21,750 was applied to the WIP inventory account. To close the manufacturing overhead account at the end of the period, assuming no further transactions took place, what should Wycliff do?
- A. Debit manufacturing overhead $20,500; credit cost of goods sold $20,500
- B. Debit cost of goods sold $1,250; credit manufacturing overhead $1,250
- C. Debit cost of goods sold $20,500; credit manufacturing overhead $20,500
- D. Debit manufacturing overhead $1,250; credit cost of goods sold $1,250
Answer: B
NEW QUESTION # 19
Which of the following employees of ABC Corporation is most likely to receive the report regarding the internal audit committee's control findings?
- A. Managerial accountant
- B. Chief financial officer
- C. Payroll clerk
- D. Plant manager
Answer: B
NEW QUESTION # 20
Cost behavior patterns tend to be reliable within which of the following?
- A. A contribution margin
- B. Free cash flow
- C. A relevant range
- D. The current ratio
Answer: C
NEW QUESTION # 21
Cash collections and payments for purchases would be included in which of the following budgets as part of the overall master budget?
- A. Cash budget
- B. Budgeted income statement
- C. Direct materials purchases budget
- D. Manufacturing overhead budget
Answer: A
NEW QUESTION # 22
What would the salary of a manufacturing firm's HR Manager be classified as?
- A. Manufacturing Overhead
- B. Indirect Labor
- C. Direct Labor
- D. General and Administrative Costs
Answer: D
NEW QUESTION # 23
The manager of Ladron Candies is deciding whether or not to invest in new equipment with a purchase price of $10,500 and a required rate of return of 7%. Given this calculation of the present value of cash inflows and outflows for the next three years, what should he decide, based on the internal rate of return?
- A. Accept the investment, because the internal rate of return is approximately 6% and results in a profit after three years.
- B. Reject the investment, because the internal rate of return cannot be determined with the information given.
- C. Reject the investment, because the internal rate of return is approximately 7% and results in a loss after three years.
- D. Accept the investment, because the internal rate of return is approximately 7%, which equals the required rate of return.
Answer: D
NEW QUESTION # 24
Which of the following would be a measure of managerial accounting?
- A. Statement of cash flows
- B. Capital budget
- C. The balance sheet
- D. Total liabilities as of June 1
Answer: B
NEW QUESTION # 25
Archer Corporation manufactures coffee cups in the Midwest. Using this data, calculate the total current period manufacturing costs for the Schedule of Cost of Goods Manufactured for the year ending on December 31, 2021.
- A. $679,000
- B. $925,000
- C. $604,000
- D. $554,000
Answer: C
NEW QUESTION # 26
Use the statement of cash flows to calculate the free cash flow.
- A. $52,000
- B. $3,000
- C. $77,000
- D. $22,000
Answer: B
NEW QUESTION # 27
SJ Candles manufactures two types of candles. Soy candles require three times the number of labor hours as paraffin candles to produce. If SJ wishes to maximize the limited number of direct labor available to them, which of the following calculations will guide them in their planning?
- A. Free cash flow
- B. Equivalent units for direct materials
- C. Inventory turnover ratio
- D. Contribution margin per unit of constraint
Answer: D
NEW QUESTION # 28
SJ Candles should expect the absorption costing and variable costing methods to result in the same 4th quarter operating profit when which of the following is true?
- A. Their 4th quarter sales included every candle produced in the 4th quarter as well as a few that remained in inventory from the 3rd quarter
- B. They started the 4th quarter with no inventory and sold 80% of the candles that were produced in the 4th quarter
- C. They sold all remaining 3rd quarter inventory in 4th quarter and produced zero candles in 4th quarter
- D. They started the 4th quarter with no inventory and every candle that was produced in the 4th quarter also sold
Answer: D
NEW QUESTION # 29
Diamonds and More produced a new line of necklaces that sell for $350 each. Management requires a profit equal to 40 percent of the selling price. What is the target cost of this product?
- A. $350
- B. $210
- C. $175
- D. $140
Answer: B
NEW QUESTION # 30
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