Practice Quiz

Consulting Case Interview Practice Questions - Question List

Select how would you like to study

Study Mode Free Daily Question Test Mode
151. Bart owns a brewery that specializes in a beer containing caffeine. He recently purchased a $20,000 coffee maker to help add a kick to his brew. He expects the coffee maker to have a useful life of ten years and have a salvage value of $2,000. If Bart’s brewery, Bart’s Brewskies, is using the double declining depreciation method, how much would he depreciate in the first year?
  1. $5,000
  2. $1,000
  3. $2,500
  4. $4,000
  5. $3,500
See answer
152. Which is more important to a public accountant-the duty to the public or the duty to the client?
  1. The client
  2. The public
  3. Neither. They have an obligation to hold their profession above all other duties
  4. Their paycheck trumps their duty to both the public and the client
  5. The duty to the SEC actually trumps any and all duties accountants may have
See answer
153. Bart’s Brewskies saw sales of $50,000 in December-primarily due to New Year’s Eve celebrations. Bart determined that 30% of his sales are paid in cash, while the rest are billed for their brewskies. Of the money owed, 40% is paid December, while the remaining is paid the following month. What is the increase of Accounts Receivable on New Year’s Eve?
  1. $21,000
  2. $14,000
  3. $15,000
  4. $35,000
  5. $50,000
See answer

Select how would you like to study

Study Mode Free Daily Question Test Mode