accounting 1

Daniel, the CFO of Food Corp needs to send out financial statement to its shareholders. Which of the following personnel should Daniel ask? o Bill, the management accountant o James, the controller o Cynthia, the treasurer o Jan, because he has an MBA 2. Mike is reviewing a report that outlines the productivity, efficiency, and detailed cost data of his branch to help him make better decisions. What report is he looking at? o Income Statement o Balance Sheet o Custom performance sheet from an employee 3. During a sales activity, the sales team is allowed to give customers steep discounts as long the contribution from the sales is not negative. There are 1,000 boxes of paper to be sold. Variable costs per are $9.50, fixed costs are $3,200, and the income tax rate is 25%. Which salesperson did not follow the instructions: Dan sold 100 boxes for a total of $910 o Phil sold 475 boxes for $4.999 o Bob sold 250 boxes for $2,440 Pete sold I box for $11