Rather than preparing an annual budget, a manager prepares 28-day budgets. How many such budgets will the manager produce for a single year's operations?

A. 13 B. 24 C. 12 D. 26

What is the most commonly used method of managing cash shortages in businesses that generate little or no credit sales?

A. Manipulation of accounts receivable (AR). B. Manipulation of payroll expenses. C. Manipulation of accounts payable (AP) D. Manipulation of pre-paid expenses.

When a cashier's bank has less money in it than it should have, the bank is considered to be...

A. short. B. long. C. stunted. D. over.

Which of the following outcomes identifies the greatest disadvantages associated with a profitable business that is holding excessive amounts of cash in its unrestricted cash accounts?

A. It will reduce the business' bill payment flexibility B. It will increase the amount the business will pay to obtain credit from vendors C. It will increase the ROI achieved by the business' owners D. It will reduce the ROI achieved by the business' owners A bar manager estimates the next month's beverage revenue will be $85,200.

The bar manager forecasts her Cost of Sales: Beverages for next month to be 22%. What would the amount of this manager's forecasted Cost of Sales: Beverages for next month?

A. $18,944 B. $18,744 C. $38,727 D. $38,927

Which is another name for the individual expense categories listed on an operating budget?

A. Mixed costs B. Cost centers C. Profit centers D. Line items

An operation's aging report is used to monitor its...

A. statement of cash flows (SCF). B. accounts payable (AP). C. accounts receivable (AR). D. credit applications (CA).

A restaurant manager served 70,000 covers last month and achieved a check average of $20.00. The manager's food cost was 25%. For next month, the manager will raise prices by 5% and expects the covers served to be 68,00. The manager expects a 2% increase in the cost of food products they will buy next month. What dollar amount should this manager forecast for Cost of Sales: Food for next month?

A. 23.3% B. 25.3% C. 22.3% D. 24.3%