Any help with this would be greatly appreciated:

QUESTION 1

1. Consider the following three conditions:
   1. An increase in sales
   2. An increase in operating assets
   3. A reduction in expenses

Which of the above conditions provide a way in which a manager can improve return on investment?

A	Only I
B	Only I and II
C	Only I and III
D	Only II and III

10 points

QUESTION 2

1. Which of the following is NOT an objective of the budgeting process?

A		To communicate management's plans throughout the entire organization
B		To provide a means of allocating resources to those parts of the organization where they can be used most effectively
C		To ensure that the company continues to grow
D		To uncover potential bottlenecks before they occur

10 points

QUESTION 3

1. A company that is seeking to increase return on investment should attempt to decrease:

A		sales.
B		productive turnover.
C		productive assets.
D		non-productive assets.

10 points

QUESTION 4

1. All other things being the same, which of the following would increase the residual income?

A		Decreased in average operating assets
B		Decrease in sales
C		Increase in minimum required return
D		Decrease in net operating income

10 points

QUESTION 5

1. When preparing a production budget, the required production equals:

A		budgeted sales + beginning inventory + desired ending inventory.
B		budgeted sales - beginning inventory + desired ending inventory.
C		budgeted sales - beginning inventory - desired ending inventory.
D		budgeted sales + beginning inventory - desired ending inventory.

10 points

QUESTION 6

1. Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 36%. The company's net operating income for the year was:

A		$144,000.
B		$120,000.
C		$80,000.
D		$60,000.

10 points

QUESTION 7

1. Trumbull Corporation budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for September. Experience indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be:

A		$169,800.
B		$147,960.
C		$197,880.
D		$194,760.

10 points

QUESTION 8

1. The WRT Corporation makes collections on sales according to the following schedule:

25% in month of sale

65% in month following sale

5% in second month following sale

5% uncollectible

The following sales have been budgeted:

	Sales
April	$120,000
May	$100,000
June	$110,000

Budgeted cash collections in June would be:

A		$27,500.
B		$98,500.
C		$71,000.
D		$115,500.

10 points

QUESTION 9

1. Given the following data:

Average Operating Assets	$250,000
Total Liabilities	$100,000
Sales	$600,000
Contribution Margin	$150,000
Net Operating Income	$30,000

Return on investment (ROI) would be:

A		5%.
B		12%.
C		25%.
D		60%.

10 points

QUESTION 10

1. Chabot Company had the following results last year: net operating income, $2,160; turnover, 5; and return on investment 18%. Chabot Company's average operating assets were:

A		$300,000.
B		$60,000.
C		$10,800.
D		$12,000.