Reference no: EM13937269
1) Budgets are advantageous because they
A) Provide Performance criteria, promote goodwill and save money.
B) Compel Planning that includes the implementation of plans, require organizing, and ensure controlling.
C) Compel planning that includes the implementation of plans, provide performance criteria, and promote goodwill.
D) Ensure that the organization meets its goals.
E) Compel planning that includes the implementation of plans, provide performance criteria, and promote communication and coordination within the organization.
2) A Production budget expressed in units is equal to
A) Budgeted sales plus beginning finished goods inventory less targeted ending finished goods inventory
B) Budgeted sales plux beginning finished goods inventory plus targeted ending finished goods inventory
C) Last year's sales plus beginning finished goods inventory plus targeted ending finished goods inventory.
D) Budgeted Sales less beginning finished goods inventory less targeted ending finished goods inventory
E) Budgeted Sale's less beginning finished goods inventory plus targeted ending finished goods inventory
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Sales budget to the production budget
: Butegary slack means that the manager has: The cost of direct materials spent on production exceeds what was budgeted, due to a higher quality materials purchased than what was budgeted. This may result in: In going from the sales budget to the produ..
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Cash balances as result of implementing the lockbox system
: It takes Cookie Cutter Modular Homes, Inc., about six days to receive and deposit checks from customers. Cookie Cutter’s management is considering a lockbox system to reduce the firm’s collection times. What is the reduction in outstanding cash balan..
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Two stocks to be correctly priced relative to each other
: Stock Y has a beta of 1.35 and an expected return of 14.3 percent. Stock Z has a beta of 0.8 and an expected return of 10.7 percent. Required: What would the risk-free rate have to be for the two stocks to be correctly priced relative to each other?
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Statement of retained earnings
: Hayes Enterprises began 2015 with a retained earnings balance of $928,000. During 2015, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47,000 in dividends. Prepare a statement of retained earnings for the ye..
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Production budget expressed in units is equal
: Budgets are advantageous because they. A Production budget expressed in units is equal to
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Asset qualifies as seven-year recovery asset under macrs
: Genetic Insights Co. purchases an asset for $18,810. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, r..
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Manufacturer of flash memory
: Roybus, Inc,. a manufacturer of flash memory , just reported that its main production facility in Taiwan was denoted in a fire, Although the plant was fully insured, the loss of production will decrease roybus's free cash flow by $180 million at the ..
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What would the risk-free rate have to be for the two stocks
: Stock Y has a beta of 1.35 and an expected return of 13 percent. Stock Z has a beta of 0.8 and an expected return of 10.5 percent. Required: What would the risk-free rate have to be for the two stocks to be correctly priced relative to each other?
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What is the estimated price of equity on per share basis
: The firm just paid dividend $2.5 per share. Dividend will grow ten percent for three years. After that they are expected to be constant forever (exact same amount at year 3 dividend) use discounted cash flow model-what is estimated price of equity o..
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