A test bank is a useful database because it is a combination of questions and answers aimed at enhancing a student’s understanding. Test banks act as excellent tools to help students who have difficulty grasping certain concepts and need to revise for exams. The author of the test bank for accounting for decision-making and control Jerald Zimmerman intended it to be the 10th edition and to assist the learners with the understanding of accounting principles and learning through the decision-making processes.
Benefits of Using the Test Bank
It is said that no one is born a genius and through this logic, one has to practice to improve and this is where a test bank comes in. Some advantages include:
Practice Questions: In a textbook, many topics are covered and all are explained with numerous practice questions which help you to see what you know as well as the topics that you need to read again.
Detailed Explanations: There are also many questions each answered with a thorough explanation upon which it is easy to comprehend the main reason why a certain answer is provided.
Flexible Learning: Learning and studying can take place as per individual timings and so even for someone who needs to get ready for an examination or a specific topic the test bank makes it more simpler.
Improved Grades: Increased performance can be achieved through practicing the test bank and there is no doubt of success as long as one is well prepared before sitting the examinations.
Key Features of the Test Bank
The Test Bank for Accounting for Decision Making and Control Jerald Zimmerman 10 Edition has the following few salient features:
Comprehensive Coverage: It provides complete coverage of the topics or chapters from the textbook so that you will have questions on every area you are required to study.
Variety of Question Types: among the methods used include multiple-choice questions, true/false questions, and short answer questions. These different forms of assessment make studying diverse and provide different sorts of challenges in terms of comprehension.
User-Friendly Format: Easy to use is the test bank since there are tabs for chapters where one can search for the questions quickly. It is therefore simple to target what needs to be revised.
Updates and Revisions: The content of the materials has grown so that they reflect the latest in the latest edition. Hence you are not going to learn the obsolete issues.
How to Use the Test Bank Effectively
Here are some ways of maximizing the test bank for your benefit:
Schedule Study Time: The volume of study at every opportunity is large thus the need to set time to study in chronological order with the volume of studying that specific test bank throughout the week. It is through constant practice that success is attained.
Take Practice Tests: Setting the questions from the questions paper to practice test conditions and practice questions makes it easier to understand exams and improve stress management associated with exam pressure.
Review Incorrect Answers: After getting through the questions, come back to check for questions that you got wrong. It is very important that one learns about their mistakes in order to enhance their skills in that field.
Combine with Textbook Study: Integrate the use of the test bank with the textbook. In this manner, you will be able to reinforce what you have been taught while also elucidating some of the troublesome areas.
Summary
Finally, the Test Bank for Accounting for Decision Making and Control Jerald Zimmerman 10 Edition test bank is a critical resource for all students. It contains practice questions as well as vivid descriptions of the concepts that students may find helpful in studying. Using this test bank improves in-depth knowledge of accounting concepts and one’s overall performance on exams. Make the most of your studies and experience the advantages of having a well-structured tool within reach!
Test Bank For Accounting for Decision Making and Control Jerald Zimmerman 10 Edition
Chapter 03 Test Bank – Static Key
Multiple Choice Questions
1. A lump sum of $5,000 is invested at 10% per year for five years. The company’s cost of capital is 8%. Which is true?
A. The investment has a future value of $7,347
B.The investment has a future value of $8,053
C. The investment has a present value of $5,000
D. The investment has a net present value of $5,000
E. None of the above
$5,000 (1 0.1)5 = $8,053
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
AICPA: BB Industry
AICPA: FN Measurement
Blooms: Apply
Difficulty: 3 Hard
Topic: Future Values
Topic: Present Values
2. Cash of $12,000 will be received in year 6. Assuming an opportunity cost of capital of 7.2%, which of the following is true?
A. The future value is $18,212
B. The present value is $7,996
C.The present value is $7,907
D. Provide data for tax purposes
E. None of the above
$12,000 × (1 0.072)−6 = $7,907
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
AICPA: BB Industry
AICPA: FN Measurement
Blooms: Apply
Difficulty: 3 Hard
Topic: Future Values
Topic: Present Values
3. Gorgeous George is evaluating a five-year investment in an oil-change franchise, which costs $120,000 paid upfront. Projected net operating cash flows are $60,000 per year. If Gorgeous George buys shares instead of the franchise, he expects an annual return of 12%. Which is true?
A. The future value of the franchise is $216,287
B. The net present value of the franchise is $216,287
C. The future value of the franchise is $138,900
D.The net present value of the franchise is $96,287
E. None of the above
NPV
=
Sum PV(Op Cash Flows) − Investment
$96,287
=
$216,287 − $120,000
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
AICPA: BB Industry
AICPA: FN Measurement
Blooms: Apply
Difficulty: 3 Hard
Topic: Annuities
Topic: Decision to Open a Day Spa
Topic: Future Values
Topic: Present Values
4. Furious Fred expects cash flows from an investment as follows:
Yr 1 $3,000, Yr 2 $5,000, Yr 3 $8,000
Using an opportunity cost of capital of 5.6%, the present value is:
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