1. (TCO 4) When would it make sense to use a flexible budget as compared to a forecast budget?
2. (TCO 7) Explain the difference between acquisition of assets and acquisition of stock.
3. (TCO 1) What is charge explosion?
4. (TCO 1) What is the primary provision of the EMTALA.
5. (TCO 3) Use the following data to calculate the variances in problem.
6. (TCO 2) What are the major reasons for accrual accounting?
7. (TCO 2) What is an audit (in the context of financial accounting)?
8. (TCO 5) Define an annuity due
9. (TCO 5) What are the four sources of long-term debt financing?
10. (TCO 6) What is the working capital cycle and why must it be managed?
11. (TCO 6) Define working capital. What is the difference between working capital and net working capital?
12. (TCO 5) How should the interest rate and n periods of compounding be modified if compounding for less than one year?