please guide me on this question
1. Which phrase best describes the current role of the managerial accountant? a. Managerial accountants prepare the financial statements for an organization. b. Managerial accountants facilitate the decision-making process within an organization. c. Managerial accountants make the key decisions within an organization. d. Managerial accountants are primarily information collectors. e. Managerial Accountants are solely staff advisors in an organization. 2. An example of qualitative data is: a. product cost b. customer satisfaction c. net income d. inventory cost e. net worth. 3. Product and service costing information is prepared for a. manufacturing companies with inventory. b. merchandising companies. C. service providers. d. each of the other four answers.. e. manufacturing companies without inventory. 4. Manufacturing costs typically consist of a. direct materials, direct labor, and manufacturing overhead. b. production and shipping costs. c. production and marketing costs. d. direct materials, direct labor, and administrative costs. e. direct materials, direct labor, marketing and administrative costs. 5. In comparison to the traditional manufacturing environment, overhead costs in a JIT environment all the following are true except: a. are more easily tracked to products. b. are frequently direct in nature. c. include rent, insurance and utilities. d. most of the costs are likely to be indirect in nature. e. labor need not be tracked to the product. 6. As production increases within the relevant range, a. variable costs will vary on a per unit basis. b. variable costs will vary in total. c. fixed costs will vary in total. d. fixed and variable cost stay the same in total. e. none of the other four answers is true.2. (15 points) You are a financial analyst for a company that is considering a new project. If the project is accepted, it will use a fraction of a storage facility that the company already owns but currently does not use. The project is expected to last 10 years, and the annual discount rate is 10% (com- pounded annually). You research the possibilities, and find that the entire storage facility can be sold for $100,000 and a smaller (but big enough) facility can be acquired for $40,000. The book value of the existing facility is $60,000, and both the exisiting and the new facilities (if it is acquired) would be depreciated straight line over 10 years (down to a zero book value). The corporate tax rate is 40%. What is the opportunity cost of using the existing storage capacity? HINT: Think about what you would gain and lose if you did not. 3. (15 points) You own a rental building in the city and are interested in replacing the heating system. You are faced with the following alternatives: a. A solar system, which will cost $12,000 to install and $500 at the end of every year to run, and will last forever (assume that your building will too). b. A gas-heating system, which will cost $5,000 to install and $1,000 at the end of every year to r 1 and will last 20 years. C. An oil-heating system, which will cost $3,500 to install and $1,200 at the end of every year to rul, and will last 15 years. If your opportunity cost of capital (discount rate) is 10%, which of these three options is best for you?5. In the figure below, the sloping straight line represents the opportunities for investment in the capital market, and the solid curved line represents the opportunities for investment in plant and machinery (real assets). The company's only asset at present is $21 million in cash. $ Tomorrow 34.5 25 17.25 15 21 30 $ Today Note that the figure is not drawn to scale, and that all the numbers are in millions. Let I denote the optimal amount that should be invested in real assets, and r the interest rate in capital markets. Calculate I/r. a. 3.2 million d. 40 million b. 12 million e. 60 million c. 32 million