89 . Which of the following statements is true about quality cost performance reports?

a.These reports show the deviation of budgeted demand from the expected demand. b.These reports have two essential elements: actual outcomes and standard or expected outcomes. c.These reports are essential for supplier verification. d.These reports are required to be prepared as per ISO 9000 quality certification...

-

99. Question Content Area Using the graphic approach to linear programming, the solution is usually

a.the point farthest from the y-axis.

b..a corner point where two or more constraints intersect.

c.where the lines intersect farthest from zero.

d.the point farthest from the x-axis.

*-

114 Macheski Company, an importer and retailer of Polish pottery and kitchenware, prepares a monthly master budget. Data for the July master budget are as follows: June 30 balance sheet amounts are as follows: Cash $ 25,000 Accounts payable $ 45,000 Accounts receivable 110,000 Capital stock 300,000 Inventory 54,000 Retained earnings 94,000 Building and equipment (net) 250,000 Actual sales for June and budgeted sales for July, August, and September are as follows: June $137,500 July 360,000 August 400,000 September 320,000 Sales are 20% for cash and 80% on credit. All credit sales are collected in the month following the sale. There are no bad debts. The gross margin percentage is 40% of sales. The desired ending inventory is equal to 25% of the following month's sales. One fourth of the purchases are paid for in the month of purchase, and the others are purchased on account and paid in full the following month. The monthly cash operating expenses are $43,000, and the monthly depreciation expenses are $7,000. What is the balance of the cash account at the end of July?

a.$15,500 b.$8,500 c.$114,000 d.$62,500