Assume Cucumber Company expects each division to earn an 8 target rate of return Assume the Companys Pickle Division had the following results Sales $24,500,000 Operating income $1,250,000 Total assets $15,500,000 The Divisions RI is A ($10,000) B $10,000 C ($710,000) D $710,000 Feeney Furniture prepared the following sales budget MonthCash SalesCredit SalesMarch$20,000$10,000April$36,000$16,000May$42,000$40,000June$54,000$48,000 Credit collections are 15 two months following the sale, 50 in the month following the sale, and 30 in the month of sale The remaining 5 is expected to be uncollectible What are the total cash collections in June A $36,800 B $90,800 C $86,000 D $96,600 Budget committees most often would include all of the following people EXCEPT A CEO B research and development manager C shareholder D marketing manager Beginning inventory is $120,000 and ending inventory is 60 of beginning inventory Compute cost of goods sold for the period if purchases are $400,000 A $72,000 B $448,000 C $520,000 D $592,000 The budget is the only budget stated ONLY in units, not dollars A production B sales C direct materials D manufacturing overhead If a company must decrease its selling price while all of the company's expenses remain constant, what will happen to return on investment (ROI) A ROI will decrease B ROI will increase C ROI will not be affected D We cannot determine the effect from the information provided Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows Sales$2,300,000Operating income$414,000Total assets$718,750Current liabilities$180,000Target rate of return10 Weighted average cost of capital8 What is The Portland Porcelain Works Coffee Mug Division capital turnover A 5 6 B 12 8 C 3 2 D 1 7 Assume Cucumber Company expects each division to earn an 8 target rate of return Assume the Companys Pickle Division had the following results Sales $24,500,000 Operating income $1,250,000 Total assets $15,500,000 The Divisions ROI is A 8 1 B 15 8 C 5 1 D 7 0 For the most recent year, Robin Company reports operating income of $650,000 Robin's sales margin is 10 , and capital turnover is 2 0 What is Robin's return on investment (ROI) A 5 B 1 C 100 D 20 The results of a customer survey about customer experiences with the company's services would be an example of measuring which perspective A Financial B Customer C Internal business D Learning and growth Forty Winks Corporation manufactures nightstands The production budget shows that Forty Winks Corporation plans to produce 1,200 nightstands in March and 1,050 nightstands in April Each nightstand requires 50 direct labor hours in its production Forty Winks Corporation has a direct labor rate of $12 per direct labor hour What is the total combined direct labor cost that should be budgeted for March and April A 6,300 B 7,200 C 27,000 D 13,500 Green Company has budgeted sales of 23,000 units for June and 25,000 units for July Green's policy is to maintain its finished goods inventory at 25 of the following month's sales Accordingly, at the end of May, Green had 5,750 units on hand How many units must it produce in June in order to support the sales goal and maintain its policy regarding finished goods inventory A 6,250 units B 23,000 units C 23,500 units D 29,250 units All of the following are responsibility centers EXCEPT A profit centers B investment centers C customer centers D cost centers Brockman Company is preparing its cash budget for the upcoming month The budgeted beginning cash balance is expected to be $35,000 Budgeted cash disbursements are $123,000, while budgeted cash receipts are $130,000 Brockman Company wants to have an ending cash balance of $48,000 How much would Brockman Company need to borrow to achieve its desired ending cash balance A $6,000 B $90,000 C $42,000 D $55,000 Kotrick Company has beginning inventory of 15,000 units and expected sales of 23,000 units If the desired ending inventory is 18,000 units, how many units should be produced A 20,000 B 56,500 C 10,000 D 26,000

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Assume Cucumber Company expects each division to earn an 8% target rate of return. Assume the Companys Pickle Division had the following results. Sales $24,500,000

Assume Cucumber Company expects each division to earn an 8% target rate of return. Assume the Companys Pickle Division had the following results.

Sales $24,500,000

Operating income $1,250,000

Total assets $15,500,000

The Divisions RI is:A.($10,000).
B.$10,000.
C.($710,000).
D.$710,000.

Feeney Furniture prepared the following sales budget.

MonthCash SalesCredit SalesMarch$20,000$10,000April$36,000$16,000May$42,000$40,000June$54,000$48,000

Credit collections are 15% two months following the sale, 50% in the month following the sale, and 30% in the month of sale. The remaining 5% is expected to be uncollectible. What are the total cash collections in June?A.$36,800
B.$90,800
C.$86,000
D.$96,600

Budget committees most often would include all of the following people EXCEPT:A.CEO.
B.research and development manager.
C.shareholder.
D.marketing manager.

Beginning inventory is $120,000 and ending inventory is 60% of beginning inventory. Compute cost of goods sold for the period if purchases are $400,000.A.$72,000
B.$448,000
C.$520,000
D.$592,000

The ________ budget is the only budget stated ONLY in units, not dollars.A.production
B.sales
C.direct materials
D.manufacturing overhead

If a company must decrease its selling price while all of the company's expenses remain constant, what will happen to return on investment (ROI)?A.ROI will decrease.
B.ROI will increase.
C.ROI will not be affected.
D.We cannot determine the effect from the information provided.

Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows.

Sales$2,300,000Operating income$414,000Total assets$718,750Current liabilities$180,000Target rate of return10%Weighted average cost of capital8%

What is The Portland Porcelain Works Coffee Mug Division capital turnover?A.5.6
B.12.8
C.3.2
D.1.7

Assume Cucumber Company expects each division to earn an 8% target rate of return. Assume the Companys Pickle Division had the following results.

Sales $24,500,000

Operating income $1,250,000

Total assets $15,500,000

The Divisions ROI is:A.8.1%.
B.15.8%.
C.5.1%.
D.7.0%.

For the most recent year, Robin Company reports operating income of $650,000. Robin's sales margin is 10%, and capital turnover is 2.0. What is Robin's return on investment (ROI)?A.5%
B.1%
C.100%
D.20%

The results of a customer survey about customer experiences with the company's services would be an example of measuring which perspective?A.Financial
B.Customer
C.Internal business
D.Learning and growth

Forty Winks Corporation manufactures nightstands. The production budget shows that Forty Winks Corporation plans to produce 1,200 nightstands in March and 1,050 nightstands in April. Each nightstand requires .50 direct labor hours in its production. Forty Winks Corporation has a direct labor rate of $12 per direct labor hour. What is the total combined direct labor cost that should be budgeted for March and April?A.6,300
B.7,200
C.27,000
D.13,500

Green Company has budgeted sales of 23,000 units for June and 25,000 units for July. Green's policy is to maintain its finished goods inventory at 25% of the following month's sales. Accordingly, at the end of May, Green had 5,750 units on hand. How many units must it produce in June in order to support the sales goal and maintain its policy regarding finished goods inventory?A.6,250 units
B.23,000 units
C.23,500 units
D.29,250 units

All of the following are responsibility centers EXCEPT:A.profit centers.
B.investment centers.
C.customer centers.
D.cost centers.

Brockman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $35,000. Budgeted cash disbursements are $123,000, while budgeted cash receipts are $130,000. Brockman Company wants to have an ending cash balance of $48,000. How much would Brockman Company need to borrow to achieve its desired ending cash balance?A.$6,000
B.$90,000
C.$42,000
D.$55,000

Kotrick Company has beginning inventory of 15,000 units and expected sales of 23,000 units. If the desired ending inventory is 18,000 units, how many units should be produced?A.20,000
B.56,500
C.10,000
D.26,000