saint MBA560 module 8 quiz (taken on 10 decmeber 2013)

Question # 00005093 Posted By: neil2103 Updated on: 12/10/2013 09:42 AM Due on: 12/24/2013
Subject Finance Topic Finance Tutorials:
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1. The practice of delegating authority and responsibility is referred to as: (Points : 2)

Question 2. 2. A budget prepared at a single volume of activity is referred to as a: (Points : 2)

Question 3. 3. Which of the following software applications is most suited for developing flexible budgets? (Points : 2)

Question 4. 4. Volume variances are computed for which of the following costs? (Points : 2)

Question 5. 5. Summer Company's static budget is based on a planned activity level of 25,000 units. Later, the company’s management accountant prepared a budget based on 30,000 units. The company actually produced and sold 29,000 units. In evaluating its performance, management should compare the company's actual revenues and costs to which of the following budgets? (Points : 2)

Question 6. 6. When would a variance be labeled as favorable? (Points : 2)

Question 7. 7. Static and flexible budgets are similar in that: (Points : 2)

Question 8. 8. The review of a capital budgeting decision to determine whether a project was accepted that should have been rejected is referred to as: (Points : 2)

Question 9. 9. Which of the following would increase residual income? (Points : 2)

Question 10. 10. Bilbo Company evaluates its managers on the basis of return on investment (ROI). Division Three has an ROI of 15% while the company as a whole has an ROI of only 10%. Which of the following performance measures will motivate the managers of Division Three to accept a project earning a 12% return? (Points : 2)

Question 11. 11. When using residual income (RI) as a project-screening tool, management should accept a project if: (Points : 2)

Question 12. 12. An investment that costs $30,000 will produce annual cash flows of $10,000 for a period of 4 years. Given a desired rate of return of 8%, the investment will generate a: (Points : 2)

Question 13. 13. A cash flow that only occurs once is referred to as: (Points : 2)

Question 14. 14. What amount of cash must be invested today in order to have $30,000 at the end of one year assuming the rate of return is 9%? (Points : 2)

Question 15. 15. All of the following arecapital investment decisions except: (Points : 2)

Question 16. 16. Which statement characterizes the time value of money concept? (Points : 2)

Question 17. 17. An investment that cost $48,000 provided annual cash inflows of $9,000 per year for six years. The desired rate of return is 10%. The actual return from the investment was: (Points : 2)

Question 18. 18. Barney's Bagels invested in a new oven for $12,000. The oven reduced the amount of time for baking which increased production and sales for five years by the following amounts of cash inflows:
Year 1Year 2Year 3Year 4Year 5

Using the averaging method, the payback period for the investment in the oven would be: (Points : 2)

Question 19. 19. An even stream of payments over equal time periods where the cash flows are assumed to occur at the end of each period is referred to as a(n): (Points : 2)

Question 20. 20. What amount of cash would result at the end of one year, if $17,000 is invested today and the rate of return is 10%? (Points : 2)

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Tutorials for this Question
  1. Tutorial # 00004887 Posted By: mac123 Posted on: 12/10/2013 10:26 AM
    Puchased By: 8
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    The solution of saint MBA560 module 8 quiz...
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