1. If the net present value of a project is positive, the project earns a return that is: A. equal to the required rate or return B. equal to the accounting rate of return C. greater than the accounting rate of return D. greater than the required rate of return 2. An investment should be rejected if the IRR is: A. equal to the required rate of return B. less than the required rate of return C. greater than the accounting rate of return D. greater than the required rate of return 3. Which of the following is the last component (budget) of the master budget? A. Selling and administrative expenses budget B. Sales budget C. Capital acquisitions budget D. Budgeted balance sheet 4. Which of the following is the first component (budget) of the master budget? A. Production budget B. Budgeted income statement C. Sales budget D. Budgeted balance sheet Which of the following is one of the classifications of cash flows in the statement of cash flows? A. Operating activities B. Planning activities C. Controlling activities D. Managing activities Cash flows from investing activities include all of the following, except: A. cash received from shot-term loans from a bank B. collections from long-term loans. C. investments in bonds issued by another company, D. proceeds from the sale of equipment. How many acceptable methods are there for preparing a statement of cash flows? A. 1 B. 2 C. 3 D. 4