1.Which of the following is not a financial management activity or decision?

Select one:

a. Deciding the allocation of overhead costs to each department.

b. Deciding whether to build a factory or construct a bridge

c. Deciding the mixture of equity and debt to finance a business

d. Preparing a cash budget for a business to track cash flow

e. Deciding on credit policies for credit granted to customers

2.

A person has taxable income of $98,600 for the year. The personal tax rate is 15% on the first $44,100 of taxable income, 22% on the next $44,100, and 26% on any remaining income. Calculate the persons income taxes payable.

Select one:

a. $19,021

b. $18,527

c. $18,371

d. $18,267

e. $18,735

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