1. Multiple Chokees (4 points each 1. Ale Corporation had net income of $240,000 and paid dividends to common slockholders of $40,000 in 2020. The weighted avernge number of shares outstanding in 2020 was 60,000 shares. Ale Corporation's common stock is selling fce 560 per share on the New York Stock Exchange. Ale Corporation's payout ratio for 2020 is A) B) C) D) 50.71 per share. 25% 16.7%. 8% 2. Nikoto Steel Co. badgeted manufacturing costs for 50,000 tons of steel are Fixed Variablem $30,000 per month $12.00 per ton of steel Nikoto produced 40,000 tons of steel during March. How much is the flexible budges fo total manufacturing costs for March? A) $520,000 B) $650,000 C) $480,000 D) $530,000 3. Assume the following sales data for a company: 2020 2019 2018 If 2018 is the base year, what is the percentage increase in sales from 2018 to 20192 A) 76.9% ) 30% c) 40% D) 71.4% $945,000 877,500 675,000 4. Bogey Co. recorded operating data for its Cheap division for the year. Bogey requires its return to be 10%. Sales Controllable margin Total average assets Fixed costs What is the ROI for the year? A) 4% B) 35% C)6% D) 1.5% S 1,400,000 160,000 4,000,000 100,000 Page 2 Version 2 1. Multiple Choees (4 points each 1. Ale Corporation had net income of $240,000 and paid dividends to commmon sockoer of $40,000 in 2020. The weighted average number of shares outstanding in 2020 was 60,000 shares. Ale Corporation's common stock is selling fice 560 per share on the New York Stock Exchange. Ale Corporation's payout ratio for 2020 is A) 50.71 per share. 13) 25% C) 16.7%. D) 8% 2. Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel are Fixed Variablem $50,000 per month $1200 per ton of steel Nikoto produced 40,000 tons of steel during March. How mach is the flexuible badges fo total manufacturing costs for March? A) $520,000 B) 5630,000 C) $480,000 D) $530,000 3. Assume the following sales data for a company: 2020 2019 2018 If 2018 is the base year, what is the percentage increase in sales from 2018 to 20192 A) 76.9% ) 30% c) 40% D) 71.4% $945,000 877,500 675,000 4. Bogey Co. recorded operating data for its Cheap division for the year. Bogey requires its return to be 10%. Sales Controllable margin Total average assets Fixed costs What is the ROI for the year? A) 4% B) 35% C) 6% D) 1.5% $ 1,400,000 160,000 4,000,000 100,000 Page 2 Version 2