QUESTION 14 The last budget customarily prepared as part of an entity's master budget is the a direct material purchases budget b. cash budget csales budget di production budget SO 0 QUESTION 15 the expected sales volume for the current period is 25,000 units, the desired ending inventory is 1,000 units, and the beginning inventory is 600 units, the number of units set forth in the production budget, representing total production for the current periodis: a. 25,500 units b. 25,000 units c. 26,000 units d. 26.500 units QUESTION 16 Businesses that are separated into two or more manageable units and in which lower level managers are granted authority and responsibility for operations and decision making are said to be a diversified b. decentralized consolidated d. centralized QUESTION 17 A responsibilly center in which the department manager has responsibility for and authority over revenues and costs is a: a. cost center b. Investment center DC volume center d. profit center QUESTION 18 ABC Company has $495,000 invested in assets, sales of $660,000, income from operations amounting to $99,000, and a desired minimum rate of return of 15%. The rate of return on investment (ROI) for ABC Company is: Ca. 16% b. 20% 15% d. 18% QUESTION 19 True Corporation has $1,000,000 in invested assets, sales of $550,000, income from operations amounting to $175,000, and a desired minimum rate of return of 15% The residual income for True Corporation is: a 60,000 b.$25,000 15,000 d. $150.000