#1

Griffine company has budgeted purchases of inventory for December of $105,000. Expected beginning inventory on December 1 adn ending inventory on Demcember 31 are $120,000 and $135,000, respectively. If cost of goods sold averages 75% of sales, what are budgeted sales for December?

a. $114,000

b.$120,000

c. $128,000

d. $153,999

e. $153,000

#2

When measuring a company's performance, which of the following is a lag indicator?

a. financial measures

b. operational measures

c. outcome measures

d. both a and c

#3hich of the following golas of a performance evaluation system is accomplished when the company's actual results are compared to the results of competitors?

a. benchmarking

b. providing feedback

c.promoting goal congruence

d. communicating expectations

Thank you!