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I will make sure I give a thumbs up! thank you so much for your help! 5. Purple Company is preparing a cash budget and
I will make sure I give a thumbs up! thank you so much for your help!
5. Purple Company is preparing a cash budget and estimates the following information for the coming period: Cash Collection $33,200 Total Disbursements $57,300 Beginning Cash Balance $9,400 Required Minimum Cash Balance $20,000 What amount will the company have to barrow for the period, if any? a) $34,700 b) $14,700 c) $0E d) $20,000 6. According to the article, Toyota Production System, what is Kaizen? a) Each process only produces only what is needed for the next process. b) Preventing defects from being produced early in the process c) Automation with a human touch d) Continuous improvement to steadily simplify operations 7. Assume the Personal Training Division of Health Inc. is operated as an investment center. Sales for the division were budged for the year at $415,000. Total variable costs were budged at $190,000. Total controllable fixed costs were budged at $85,000/ actual results were as follows: Sales $400,000 Variable Costs $180,000 Fixed Costs $87,000 If average operating assets for the year was $600,000, what is the division's actual ROI? Round answers to two decimal places. a) 22.17% b) 44.50% c) 66.67% d) 36.67% 8. Administrative costs, such as executive compensation, would be classified as: a) Period costs b) Direct labor c) Manufacturing overhead d) Indirect Labor 9. Which is not an example of manufacturing overhead? a) Factory heating and lighting b) Insurance on manufacturing facilities c) Sales commissions/salaries d) Property taxes for the factory 10. The manager in the soft drinks division at Beverages Co. is looking to improve its ROI. All of the following are strategies to increase Roi except. a) Decreasing variable costs b) Decreasing fixed costs c) Decreasing sales d) Decreasing average operating assets Step by Step Solution
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