The Attached document ARE NOT the questions that need answering, but only examples of the type of questions I need. If interested and have knowledge in these areas, I can send the ACTUAL questions, then which I will need them back in an hour in a half.

Objective: Determine the present value of future cash flows from an investment. 1. Torvald's Hardware paid a contractor $45,000 to expand the store. The investment increased annual cash inflows by $8,000 per year six years. Torvald's has a desired rate of return of 10%. The net present value of this investment is which of the following? (round to the nearest dollar) A) ($10,160) B) ($3,000) C) $34,842 D) $(9,207) Objective: Differentiate among various capital budget evaluation techniques. 2. Which capital budgeting technique defines returns in terms of income instead of cash flows? A) the internal rate of return technique B) the net present value technique C) the unadjusted rate of return method D) the payback period Objective: Evaluate relevant financial information involved in a capital budgeting decision. 3. Tawanna is considering starting a small business. She plans to purchase equipment costing $145,000. Rent on the building used by the business will be $24,000 per year while other operating costs will total $30,000 per year. A market research specialist estimates that Tawanna's annual sales from the business will amount to $90,000. Tawanna plans to operate the business for 6 years. Disregarding the effects of taxes, what will be the amount of annual net cash flow generated by the business? A) $36,000 B) $54,000 C) $90,000 D) $125,000 Week Two: Cost Analysis Objective: Apply the concepts of cost estimation, cost driver, and cost allocation to a business situation. 4. Booker Company operates a factory with two departments, X and Y. The rent paid on the manufacturing facility would most likely be allocated to departments X and Y on the basis of: A) direct labor hours. B) machine hours. C) square footage. D) units sold. Objective: Use the techniques of job order and process costing to determine product cost. 5. Nadia Company uses a job order cost system. During the month of September, the company worked on three jobs. The job order cost sheets for the three jobs contained the following information at the end of September: The company applies overhead at 120% of direct labor cost. The total cost of Job A at the end of September was A) $5,140. B) $3,140. C) $8,140. D) $5,860. Objective: Integrate cost behavior concepts with cost-volume-profit (CVP) analysis. 6. How does the cost-volume-profit model accommodate non-linear costs and revenues? A) Non-linear costs and revenues are ignored by the model. B) Output volume is segregated into distinct ranges within which a linear relationship is expected to approximate the actual cost or revenue behavior. C) It is not a problem since non-linear costs and revenues do not exist in practice. D) It is not a problem since all costs are linear. Week Three: Management Planning and Control Objective: Construct elements of a master budget. 7. Oak Furniture provided the following information relevant to its sales for December 2007 and the first quarter of 2008: Based on the company's collection history, 2% of credit sales are uncollectible, 40% are collected in month of sale and the remainder collected in the following month. Cash collections in January from December 2007 credit sales would be A) $42,000 B) $40,600 C) $36,000 D) $34,800 Objective: Explain budget variances. 8. Shimano Company makes a product that is expected to require 2 hours of labor per unit of product. The standard cost of labor is $5.20. Shimano actually used 1.9 hours of labor per unit of product. The actual cost of labor was $5.10 per hour. Shimano made 1,000 units of product during the period. Based on this information alone, the labor price variance is A) $190 favorable. B) $190 unfavorable. C) $510 favorable. D) $510 unfavorable. Objective: Analyze financial ratios to measure business performance. 9. You are considering an investment in AT&T Company stock and wish to assess the company's position in the stock market. All of the following ratios can be used except: A) earnings per share. B) dividend yield. C) working capital. D) price-earnings ratio. Objective: Analyze nonfinancial measures to measure business performance. 10. Failure mode and effect analysis is used in six-sigma projects. It involves which of the following? A. Closely examining each rejected part to determine the cause B. A careful sampling plan C. Calculating a risk priority number for each possible failure D. Reporting the effect each failure has had on a customer E. Multivariate testing 1) An investment that costs $30,000 will produce annual cash flows of $10,000 for a period of 4 years. Given a desired rate of return of 8%, the investment will generate a (round your answer to the nearest whole dollar). A. positive net present value of $3,121 B. positive net present value of $33,121 C. negative net present value of $3,121 D. negative net present value of $33,121 2) An investment that costs $25,000 will produce annual cash flows of $5,000 for a period of 6 years. Further, the investment has an expected salvage value of $3,000. Given a desired rate of return of 12%, the investment will generate a (round your answer to the nearest whole dollar) A. negative net present value of $2,923 B. negative net present value of $25,000 C. positive net present value of $1,520 D. positive net present value of $20,557 3) Chartreuse Company has two investment opportunities. Both investments cost $5,000 and will provide the following net cash flows: Year Investment A Investment B Year 1 3,000 3,000 Year 2 3,000 4,000 Year 3 3,000 2,000 Year 4 3,000 1,000 The total present value of Investment A's cash inflows assuming a 10% minimum rate of return is (round to the nearest whole dollar): A. $9,510 B. $10,628 C. $3,000 D. $3,452 4) Which of the following statements concerning payback analysis is true? A. The payback method ignores the time value of money concept. B. An investment with a longer payback is preferable to an investment with a shorter payback. C. All of these are true. D. The payback method and the unadjusted rate of return are different approaches that will consistently lead to the same conclusion. 5) The rate of return that equates the present value of cash inflows and outflows is the A. internal rate of return. B. minimum rate of return. C. none of these. D. desired rate of return 6) Which of the following does not represent an advantage of the unadjusted rate of return over the payback method for evaluating capital projects? A. The unadjusted rate of return method considers the recovery of the initial investment in the project. B. All of these are advantages C. The unadjusted rate of return is a percentage that can be compared to a stated hurdle rate. D. The unadjusted rate of return method considers the investment's profitability. 7) An investment that costs $5,000 will produce annual cash flows of $2,000 for a period of 4 years. Given a desired rate of return of 10%, the investment will generate a present value index of A. 1.268. B. 7.745. C. 2.500. D. 0.789. 8) An investment that costs $30,000 will produce annual cash flows of $10,000 for a period of 4 years. Given a desired rate of return of 8%, the investment will generate a (round your answer to the nearest whole dollar) A. positive net present value of $3,121 B. negative net present value of $3,121 C. negative net present value of $33,121 D. positive net present value of $33,121 9) An investment that cost $48,000 provided annual cash inflows of $9,000 per year for six years. The desired rate of return is 10%. The actual return from the investment was A. equal to the desired rate of return. B. the answer cannot be determined from the information provided. C. greater than the desired rate of return. D. less than the desired rate of return. 10) Perrot Company has three divisions. For Perrot, a cost should be considered a direct cost if A. it can be allocated to a division using an volume-based cost driver. B. it is a fixed cost. C. it can be traced to a division in a cost-effective manner. D. it meets certain guidelines imposed by generally accepted accounting principles. 11) Mickey & Co. expects overhead costs of $30,000 per month and direct production costs of $12 per unit. The estimated production activity for the 20X4 accounting period is as follows: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units Produced 11,500 9,000 8,250 11,250 The predetermined overhead rate based on units produced is (rounded to the nearest penny) is A. $9.00 per unit. B. $21.00 per unit. C. $1.33 per unit. D. $0.75 per unit. 12) Joint products A and B emerge from common processing that costs $80,000 and yields 5,000 units of Product A and 4,000 units of Product B. Product A can be sold for $100 per unit. Product B can be sold for $80 per unit. What amount of the joint costs will be assigned to Product A if joint costs are allocated on the basis of number of units produced? A. $48,780 B. $44,444 C. $31,220 D. $35,556 13) Moore Company uses process costing. The following information was available for October: Units Costs Work in process Oct. 1 100 $ 7,500 Work in process Oct. 30 200 (A) Transferred in 1,000 $12,500 Ending inventory is 50% complete. Based on the information given, (A) above would be what amount? A. $4,000 B. $1,650 C. $1,500 D. $2,000 14) When a particular job is completed in a job order cost system, the general journal entry would include a A. debit to Finished Goods Inventory and a credit to the appropriate job order cost sheet. B. debit to Work in Process and a credit to Manufacturing Overhead. C. debit to Finished Goods Inventory and a credit to Work in Process Inventory. D. debit to Work in Process Inventory and a credit to Finished Goods Inventory. 15) Kent Company had 800 units of product in its work in process inventory at the beginning of the period. During the period 3,000 additional units of product were started. At the end of the period there were 1,500 units of product in the work in process account. The ending work in process inventory was estimated to be 30% complete. The beginning work in process inventory had a balance of $2,000. There were $42,000 of product costs added to work in process during the period. The amount of cost in ending work in process inventory is A. $24,000. B. $7,200. C. $5,351. D. $16,800. 16) Select the incorrect break-even equation from the following: A. Total contribution margin = total variable costs B. Total revenue = total costs C. Total fixed costs / contribution margin ratio D. Total contribution margin = total fixed costs 17) Which of the following is not an assumption made when performing cost-volume-profit analysis? A. Worker efficiency is held constant. B. There is a linear relationship between cost and volume for both fixed and variable cost. C. The company produces within the relevant range of activity. D. Number of units produced is greater than the number of units sold. 18) A product has a contribution margin of $6 per unit and selling price of $20 per unit. Fixed costs are $18,000. Assuming new technology doubles the unit contribution margin but increases total fixed costs by $15,000, what is the breakeven point in units? A. 2,750 units B. 4,000 units C. 5,500 units D. 1,250 units 19) Which of the following items would be least useful in preparing a schedule of cash receipts? A. Past accounts receivable collection experience. B. Service charges for credit card sales. C. Number of units expected to be purchased. D. Expected revenue from cash sales. 20) Which of the following items is not needed to prepare an inventory purchases budget for a merchandising business? A. Units in beginning inventory B. Expected unit selling price C. Desired units in ending inventory D. Expected unit sales 21) Which of the following would represent the order in which most master budgets are prepared? A. Purchases, Cash, Sales, Income Statement B. Purchases, Sales, Cash, Income Statement C. Income Statement, Cash, Sales, Purchases D. Sales, Purchases, Cash, Income Statement 22) Which manager is usually held responsible for materials usage variances? A. purchasing agent B. marketing manager C. production supervisor D. plant manager 23) Select the correct statement from the following assuming Camacho Company had a favorable direct materials price variance of $2,500 and an unfavorable direct materials usage variance of $1,000. A. The total direct materials variance is $3,500 unfavorable. B. The total direct materials variance is $1,500 favorable. C. The total direct materials variance is $1,500 unfavorable. D. The total direct materials variance is $3,500 favorable. 24) Gonzalez Company makes a product that is expected to use 1.2 pounds of material per unit of product. The material has a standard cost of $2 per pound. Gonzalez actually used 1.25 pounds of material per unit of product made in January. The actual cost of material was $1.95 per pound. Based on this information alone, the condition of the variances for the January production would be A. unfavorable for price and favorable for usage. B. favorable for price and unfavorable for usage. C. favorable for price and favorable for usage. D. unfavorable for price and unfavorable for usage. 25) You are considering an investment in Coca Cola Company stock and wish to assess the firm's long-term debt-paying ability and its use of debt financing. All of the following ratios can be used to assess solvency expect: A. Net margin B. Debt to equity ratio C. Debt to assets ratio D. Number of times interest is earned 26) Jekyll Company collected $500 on account. What impact will this transaction have on the firm's current ratio? A. Decrease it B. No impact C. Not enough information is provided to answer the question. D. Increase it 27) You are considering an investment in Delta Airlines stock and wish to assess the firm's ability to generate earnings. All of the following ratios can be used to assess profitability except: A. Asset turnover B. Return on investment C. Average days to collect receivables D. Net margin 28) Sometimes employees will deliberately overstate the amount of materials and/or labor that should be required to complete a job. The difference between inflated and realistic standards is known as A. budget slack. B. cooking the books. C. making the numbers. D. lowballing. 29) Which of the following is an approach to dealing with a bottleneck? A. Use Johnson's sequencing rules on bottleneck operations B. Keep a buffer inventory in front of it to insure that it always has something to work on C. Move things to a faster bottleneck D. Pay an incentive bonus to workers on the bottleneck operation E. Don't worry about the bottleneck; it will take care of itself 30) Design of experiments is a statistical methodology often used in six-sigma projects. It aims to accomplish which of the following? A. Determine the cause and effect relationships between process variables and output B. Keep careful track of the occurrences of each possible defect C. Carefully change each individual process variable until the cause of a defect is found D. Eliminate defects by finding out who or what is causing them E. Report defects to management on a Pareto chart