Question 14 1 pts Which of the following is correct when analyzing the Statement of Cash Flows? Net use used (outflow) in Operating Activities indicates healthy cash flow A net increase (inflow) of cash in Financing Activities indicates the company repaid debt Net cash provided (inflow) in Operating Activities indicates healthy cash flow The net increase or decrease in cash for the period is the best indicator of healthy cash flow None of these are correct > Question 15 1 pts Bear company has established 8 pounds of direct material at $20 per pound as the standard for the material in its product. The company has just produced 7.500 units of this product, using 57,000 pounds of direct material that cost $21.00 per lb. The direct materials quantity variance is: $3,000 favorable $60,000 unfavorable. $57.000 unfavorable. $60,000 favorable None of these are correct Question 16 1 pts Gold Co. reported the following ratios for the most recent two year period: 2020 2019 Acid Test .98 1.25 Current Ratio 1.96 2.23 Gross Profit/Gross Margin 45% 50% Profit Margin 4% 5% Inventory Turnover 10.5 12.0 Days Sales Uncollected 65 59 In regards to Efficiency, Gold's position: Improved Was unchanged overall Deteriorated Cannot be determined with the given ratios Question 17 1 pts Based on expected sales of 35,000 units, Gold Co. budgets $875,000 in sales, $665,000 in variable costs and $89,500 in fixed costs. The budgeted amount for Operating Income assuming Gold Co, actually sells 28,000 units would be: $78,500 $84,000 $120,500 $253,500 Cannot be determined with facts given. Question 18 1 pts ML Corp. has provided the following information for the current year: Units produced 17,500 units Sale price $425 per unit Direct materials $60 per unit Direct labor $170 per unit Variable manufacturing overhead $45 per unit Fixed manufacturing overhead $612,500 per year Variable selling and administrative costs $5 per unit Fixed selling and administrative costs $875,000 per year Calculate the unit product cost using variable costing. D Question 19 1 pts Jax Co. produces 46,000 completed units during the month of April. On April 30th there are 2,500 units in production that are 25% complete. Total production costs for the period were $275,000. The cost per unit for Jax Co's product is: $5.98 $5.90 $5.67 $0.17 D Question 20 1 pts ABC Bank Co. is determining whether or not to make a large loan to Gold Co. Which accounting system would provide the information for making this decision? The financial accounting system would provide this information Either the financial or the managerial accounting systems could provide this information The managerial accounting system would provide this information The responsibility accounting system would provide this information . None of these are correct
