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4. The following procedure performed by a candy manufacturer is the best example of a product level activity within a manufacturing cost hierarchy:
Select one:
a. Resetting the packaging equipment to wrap a special 36-count Halloween package
b. Developing an advertising campaign for a special Halloween candy
c. Inspecting the quality of the candy produced during one of the special Halloween package production runs
d. Cleaning the mixing machine for the next production run of candy, a special Halloween candy
8. Which of the following factors is not an advantage of preparing operating budgets?
Select one:
a. Improved basis of performance evaluation
b. Improved planning
c. Improved communications
d. Increased employee loyalty
11. Indicate whether each phrase is more descriptive of financial accounting or managerial accounting.
(a) May be subjective
Financial accounting
Managerial accounting
(b) Often used to state corporate goals
Financial accounting
Managerial accounting
(c) Typically prepared quarterly or annually
Financial accounting
Managerial accounting
(d) May measure time or customer satisfaction
Financial accounting
Managerial accounting
(e) Future oriented
Financial accounting
Managerial accounting
(f) Has a greater emphasis on cost-benefit analysis
Financial accounting
Managerial accounting
(g) Keeps records of assets and liabilities
Financial accounting
Managerial accounting
(h) Highly aggregated statements
Financial accounting
Managerial accounting
(i) Must conform to external standards
Financial accounting
Managerial accounting
(j) Special-purpose reports
Financial accounting
Managerial accounting
(k) Decision-making tool
Financial accounting
Managerial accounting
(l) Income statement, balance sheet, and statement of cash flows
Financial accounting
Managerial accounting
A project has the following estimated data: Price = $52 per unit; variable costs = $34 per unit; xed costs = $23,500; required return =12 percent; initial investment = $30,000; life = three years. a. Ignoring the effect of taxes. what is the accounting break-even quantity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the cash break-even quantity? (Do not round intermediate calculations and round your answer to 2 decimal places. e.g., 32.16.) c. What is the financial breakeven quantity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is the degree of operating leverage at the nancial break-even level of output? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) a Accounting break-even quantity _ a Cash break-even quantity _ a Financial breakeven quantity _ _ Case Study Company Law A private limited company, Gemstones Pyt Ltd, is engaged in the business of importing and supplying jewelry as wholesalers to local market. Ali, Ahmed, Sara, Faisal and Amir are the directors of the company. The company decided that the market is becoming more competitive so they need to expand their business. To achieve their target they obtained 4 million rupees loan for the local bank. They spent all the money to increase their business. All the directors of the company did not attend the meetings of the company, Ali and Ahmed are the only ones who participate in the meetings actively. At this time Ali contacted with another retailer of jewelry company, Saad who was looking for a reliable supplier. But he doesn't want to deal with Gemstones PVt Ltd because he doesn't like the managing director Ahmed. Ali did not want to miss this great opportunity so he set up his own business and entered into a contract with Saad without telling other directors of the company. All other members were unaware about this deal. After six months Ali resigned from the director's post because the company became insolvent and could not pay interest on its loans. Important points: 1. The company became insolvent due to expansion and was unable to pay the interest on its loans. 2. Saad was a potential customer of Gemstones Put Ltd. Consider the following: 1. Point out the concepts under Company Law underlying the case study. 2. Ali's course of conduct in the light of Company Law aspect. 3. Other director's liability arising in connection with the loan incurred. Could they avoid the liability under any circumstance? 4. Is Ali liable even though he has resigned from the post of the director? 5. Te legal sanding of Ali's own company running alongside Gemstones Pvt Ltd.Enter Shift Caps 4. A sole proprietor can be liable to a customer either directly (by his own actions) or 3 1735 068 505 258 vicariously through the actions of an employee. (A) Provide a factual situation that would give rise to an owner's direct actions under the fort called negligence Ctri (B) Provide a factual situation that would give rise to vicarious liability under a negligence theory. (C) Provide a factual situation that would give rise to vicarious liability for an intentional tort, 10 Points19. After the null hypothesis is rejected in Pearson correlation analysis a, graphical visualization proceeds b. 95% CI of r is obtained C. prospective power analysis may be done d. R-square is calculated e. all of the above 20. When we compute a traditional, 95% confidence interval (CI) of a correlation coefficient a, the CI measures uncertainty about parametric r b. we can't be absolutely sure population r is in the CI c, the CI consists of 2 numbers: LB, UB d. observed r lies midway across the range of the CI 2. 5% of the time it will not include population r f. 95% of the time it will include population r g. the CI is as important as the p-value of observed r h. all the above are correct 21. A preliminary experiment involved college students during final exam week. Randomly selected, a group was given access to DARK CHOCOLATE before the exam and the amount eaten was recorded, In general, it turned out the more chocolate eaten the better they did on the exam; but, beyond a certain point, the more chocolate eaten the worse they did on the exam, This apparent relationship between amount of chocolate eaten and how well students did on the exam is an example of a. strong, Pearson correlation b. positive, Pearson correlation C. negative, Pearson correlation d. a nonlinear relationship e. none of the above 22. When "correlation" is written or spoken about without a qualifier, we assume the type of correlation referred to is a. Kendall b. partial correlation c. multivariate correlation d. Pearson e. autocorrelation f. Spearman g- Bayesian correlation h. none of the above 23. A blvariate data set does not even come close to meeting the assumptions of Pearson correlation, And, sample size is VERY LARGE. The analyst remains determined to perform correlation analysis. Which of the options below is statistically wise. a, pursue Bayesian correlation b. calculate Pearson r but find its Cl by bootstrap E. calculate Pearson r but test its significance by permutation d. pursue nonparametric correlation . any of the above
