The decision rules for the Internal Rate of Return (IRR) Method includes O If the IRR is greater than the required rate of return, then accept the investment. If the IRR is less than the required rate of return, then accept the investment. O If the IRR is greater than the required rate of return, then reject the investment. If the IRR is equal to the required rate of return, then reject the investment. Kam Department Store estimated the following information for the year: October November December Budgeted sales $1,240,000 $1,160,000 $1,440,000 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much cash does Kam expect to receive in November? $580,000 O $1,200,000 $1,160,000 $1,300,000 Question 12 2 pts A static budget compares actual results to the original budgeted activity level, regardless of the actual activity level. should not be prepared in a company. O is changed only if the actual level of activity is different than originally budgeted. O is useful in evaluating a manager's performance by comparing actual variable costs and planned variable costs. Management by exception causes managers to be buried under lots of paperwork. O means that material or large differences will be investigated. O means that all differences will be investigated. O means that only unfavorable differences will be investigated. Question 15 Control of operations delegated to many managers throughout the organization is defined as decentralization budgetary control O a cost center management by exception Return on investment (ROI) is used to evaluate a/an? O profit center. O investment center. cost center. O all of the above. Las Sendas, Inc. had average operating assets of $4,000,000 and sales of $2,000,000 in 2019. If the controllable margin was $600,000, the Return On Investment (ROI) was 30% O 50% 60% 15% An unfavorable variance or difference can occur if actual costs > standard costs. O actual costs standard sales revenue. actual costs = standard costs. Question 26 4 pt A company developed the following per-unit standards for its product: two pounds of direct materials at $4 per pound. Last month, 1,000 pounds of direct materials were purchased and used for $3,800. The materials price variance for last month was $200 favorable. O $200 unfavorable. $100 favorable. O $3,800 favorable. 4 pt Question 35 Giraldi Company has identified that the cost of a new computer will be $48,000, but with the use of the new computer, net income will increase by $5,000 a year. If depreciation expense is $3,000 a year, the cash payback period is: O 16.0 years 0 24.0 years. O 6.0 years O 9.6 years