9.

The annual tax depreciation expense on an asset reduces income taxes by an amount equal to

Select one:

a. The firm's average tax rate times the depreciation amount.

b. One minus the firm's average tax rate times the depreciation amount.

c. The firm's marginal tax rate times the depreciation deduction.

d. One minus the firm's marginal tax rate times the depreciation amount.

e. The depreciation amount.

10. The five steps of strategic decision-making include all of the following steps except:

Select one:

a. Obtain information and conduct analyses.

b. Determine the organization's strategy

c. Identify the alternative actions.

d. Continue an on-going evaluation of the problem.

e. Choose and implement the desired action.

11.Management accountants can help support the quality initiatives of management by supplying decision makers with relevant financial information regarding these initiatives. Which of the following statements is true regarding costs that are relevant for decision making within this context?

Select one:

a. Relevant costs are variable costs

b. Relevant costs are fixed costs

c. Relevant costs include out-of-pocket but not opportunity costs because the latter are not recorded by accounting systems

d. Relevant costs are future costs that differ across the decision alternatives

e. Relevant costs would not include estimated losses due to reduced market share

Ardel Co. budgeted to sell 200,000 units of Zbox in September. Production of one unit of Zbox requires two pounds of aluminum and five pounds of steel powder. The beginning inventory and the desired ending inventory (in units) are as follows:

	Beginning Inventory	Desired Ending Inventory
Zbox	24,000	13,000
Aluminum	30,000	23,000
Steel powder	26,000	31,000

How many units of Zbox are to be manufactured by Adel Co. during September?

Select one:

a. 150,000

b. 189,000

c. 200,000

d. 201,000

e. 202,000

12.Which of the following measures would likely be found on the financial perspective section of a balanced scorecard?

Select one:

a. Sales growth

b. Customer retention.

c. Efficiency of manufacturing.

d. Increase in number of sales staff

13.Methods for directly valuing a firm include:

	Earnings Multiple	Discounted Cash Flow	Financial Ratios
A)	Yes	Yes	Yes
B)	No	Yes	Yes
C)	No	No	Yes
D)	Yes	Yes	No
E)	Yes	No	Yes

Select one:

a. Option A

b. Option B

c. Option C

d. Option D

e. Option E