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  1. Home
  2. IIA Certification
  3. IIA-CIA-Part3 Exam
  4. IIA.IIA-CIA-Part3.v2023-01-15.q275 Dumps
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Question 271

Which of the following best explains why an organization would enter into a capital lease contract?

Correct Answer: D
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Question 272

The current generation of ERP software ERP II) may include an advanced planning and scheduling system that:

Correct Answer: C
An advanced planning and scheduling system may be an element of a supply chain management application for a manufacturer. It controls the flow of materials and components within the chain. Schedules are created given projected costs, lead times, and inventories.
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Question 273

A financial statement includes all of the following items: profit. depreciation, operating activities, and financing activities. What financial statement is this?

Correct Answer: C
A statement of cash flows is a required financial statement. It provides information about cash receipts and payments by reporting the cash effects of an enterprise's operating, investing, and financing activities. Related disclosures report the effects of noncash investing and financing activities. If the statement is presented using the indirect method, it will reconcile profit or loss to net cash from used in operating activities. Depreciation, a noncash expense, is included in this presentation.
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Question 274

Quality cost indices are often used to measure and analyze the cost of maintaining a given level of quality. One example of a quality cost index, which uses a direct labor base, is computed as
Based upon these costs data, the quality cost index:

Correct Answer: A
The index for May was [US $4,000 + $6,000 + $12,000 + $14,000) - $90,000], and the index for June was 6% [US $5,000 + $5,000 + $15,000 + $-11,000) - $100,000].
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Question 275

In the standard regression equation y = a + bx, how is the letter b best described?

Correct Answer: D
In the standard regression equation, b represents the variable coefficient. For example, in a cost determination regression, equals total costs, b is the variable cost per unit, is the number of units produced, and a is fixed cost. In preparing the annual profit plan for the coming year, Wilkens Company wants to determine the cost behavior pattern of the maintenance costs.
Wilkens has decided to use linear regression by employing the equation = a + bx for maintenance costs. The prior year's data regarding maintenance hours and costs, and the results of the regression analysis, are given below and in the opposite column.
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