Question 1

10 out of 10 points

	An activity is

Question 2

10 out of 10 points

	Which budgeting approach is widely used in government and non-profit organizations?

Question 3

10 out of 10 points

	Which of the following statements about budgeted financial statements is not true?

Question 4

10 out of 10 points

	Budgetary slack refers to

Question 5

10 out of 10 points

	Which of the following statements about benchmarking is true?

Question 6

10 out of 10 points

	Which of the following aspects related to budgeting and human behavior is not correct?

Question 7

10 out of 10 points

	Thomas, Inc. uses activity-based costing. The company produces two products, 001 and 002. Information relating to the two products is as follows: 001 002 Units produced 38,000 50,000 Machine-hours 15,000 17,000 Direct labor-hours 16,000 24,000 Materials handling (number of moves) 8,000 12,000 Setups 10,000 14,000 The following costs are reported: Materials handling $320,000 Labor-related overhead 960,000 Setups 600,000 Setup costs assigned to 002 are:

Question 8

0 out of 10 points

	Which of the following statements concerning the cash disbursements amount in the cash budget is true in a manufacturing setting, but not true a merchandise setting?

Question 9

10 out of 10 points

	For budgets to be successful, managers should do all of the following except

Question 10

10 out of 10 points

	The practical capacity for a particular production facility is best described as

10 out of 10 points

	The following amounts have been taken from the recent financial statements for Sammie Enterprises: Current liabilities Cash from operations Expenditures on PPE Dividends (cash) $890,000 $2,050,000 $500,000 $130,000 Which of the following amounts is the free cash flow for Sammie Industries?

Question 2

10 out of 10 points

	Which of the following is one measure of liquidity?

Question 3

0 out of 10 points

	Beagle Inc. has an accrual basis net loss of $28,000 and the following related items: Depreciation expense $22,000 Accounts receivable decrease 16,000 Inventory increase 12,000 Accounts payable increase 6,000 Accrued liabilities increase 10,000 How much is Beagle Inc.'s net cash flow from operating activities?

Question 4

10 out of 10 points

	What does the current ratio measure?

Question 5

10 out of 10 points

	Which of the following is not a category for classifying cash flows in a statement of cash flows?

Question 6

10 out of 10 points

	ROA is computed as:

Question 7

0 out of 10 points

	With reference to the reporting of net cash flow from operating activities, which method do most companies use and why?

Question 8

10 out of 10 points

	Which of the following is not disclosed in a statement of cash flows using the direct method?

Question 9

10 out of 10 points

	In a statement of cash flows, interest paid to creditors is classified as a cash flow from:

Question 10

10 out of 10 points

	A company reported annual income tax expense of $164,000. During the year, income tax payable increased from a $12,400 beginning balance to a $17,600 ending balance. How much is cash paid for income taxes during the year?