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make sure is correct Part - A (SLO 1, 2, 4,5&6) Question No:...

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Accounting

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make sure is correct
Part - A (SLO 1, 2, 4,5&6) Question No: 1- True or False Questions: (3 Marks) Note: Answer all (Write in box "True or False) 1. The most forward-looking budget is the strategic plan, which sets the overall goals and objectives of the organization. 2. An activity-based flexible budget is based on budgeted costs for different activity and related cost driver. ( ) 3. Managers trying to evaluate the effects of changes in volume of goods or services produced might not be interested in upward changes such as increased sales expected from increases in promotion or advertising. Question No: 2 - Multiple Choice Questions: (3 Marks) Answer All (Circle correct answer) 4. The company sales $100,000, Variable cost $70,000, what is Profit Volume Ratio of the company? a) 30% b) 20% c) 25% d) none of the above 5. A company average annual income is $40,000 and Initial investment is $400,000. What is Accounting Rate of Return of the company? a) 5% b) 10% c) 15% d) none of the above 6. What is capital budgeting? a. It is a short term planning b. It is a long term planning c. It is Long term planning for making and financial decisions. d. none of the above

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