If the average operating assets is $400,000, sales $800,000, and net operating income $80,000, if the manager suggests decreasing profit margin to 5%, which may increase sales to be $1,600,000, in this case you advise to decrease profit margin

1. Yes

2. No

3. It will be the same

4. None of the other answers

If the average operating assets is $400,000, sales $800,000, and net operating income $80,000, if the manager suggests decreasing profit margin to 5%, which may increase sales to be $1,200,000, in this case ROI will change from to

1. 15%, 20%

2. 20%, 15%

3. 10%, 20%

4. None of the other answers

If the end cash balance is $8000, total cash payments is $60,000, total receipts cash is $59,000, then the beginning cash balance is

1. 9,000

2. 5,000

3. 7,000

4. None of the other answers

If the beginning cash balance is $6000, total cash receipts is $75,000, and total expenses is $80,000 include 10,000 depreciation expense, then the end cash balance is

1. 1000

2. 11,000

3. 71,000

4. None of the other answers

If the residual income is -20,000 and the net operating income $65,000, then the minimum required return is

1. 45,000

2. 85,000

3. 65,000

4. None of the other answers

Use the following data to compute Profit margin and Turnover: sales $500,000, net operating income $50,000, average operating assets $200,000

1. 10%, 2.5

2. 25%, 2.5

3. 2.5, 10%

4. None of the other answers

If the production is 5000 units, the machine hours per unit 3 hours, the variable overhead rate per machine hour is $4 and the fixed overhead: $30,000 then the variable overhead cost is

1. 90,000

2. 45,000

3. 60,000

4. None of the other answers

The following data extracted from the records of Alpha manufacturing company for the year ended Dec. 31, 2019: Units produced 15,000, units sold 10,000, no beginning inventory, variable manufacturing costs $13 per unit, total fixed cost $180,000, variable selling & administrative expenses $5 per unit, total fixed expenses $80,000 and Sales price $50, then the net income using variable costing is

1. 60,000

2. 120,000

3. 250,000

4. None of the other answers

The following data extracted from the records of Alpha manufacturing company for the year ended Dec. 31, 2019: Units produced 20,000, units sold 15,000, no beginning inventory, variable manufacturing costs $10 per unit, total fixed cost $300,000, variable selling & administrative expenses $5 per unit, total fixed expenses $50,000 and Sales price $60, then the net income using absorption costing is

1. 60,000

2. 120,000

3. 250,000

4. None of the other answers

If the sales of January are $50,000 (60% cash and 40% to be collected next month) and receipts from A/R is 16,000, and the other cash revenue is 12,000, then the total cash receipts in January is

1. 48,000

2. 78,000

3. 58,000

4. None of the other answers

If the beginning cash balance is $5000, cash receipts is $60,000, cash payments $67,000, and the minimum end cash balance is $5,000, then the company will get ____ loan

1. 3000

2. 7000

3. 2000

4. None of the other answers

If the total asset is $800,000, the average operating assets is $600,000, the sales is $1,200,000 and net income is $120,000, then the ROI is

1. 20%

2. 10%

3. 15%

4. None of the other answers