Which of the following formula variations does not represent the combined cash budget? OOOOO beginning cash + cash inflows - cash outflows = ending cash beginning cash + receipts - disbursements = ending cash beginning cash + collections - payments = ending cash beginning cash + sales on account - accrued expenses = ending cash All of the above formulas represent the combined cash budget. Given budgeted unit sales for four months, if a manufacturer's safety stock is based on a percentage of next month's unit sales, how many production budgets could be prepared? Three One Four Two Unable to answer without additional information. Which of the following statements summarizes why residual income used a performance evalulation tool facilitates goal congruence? The company's expectations, in the form of a hurdle rate, are used in the calculation of residual income. A high residual income indicates a division is operating efficiently. Residual income is a dollar amount rather than a percentage or a ratio. Residual income measures the amount of income earned relative to the amount of assets invested. Residual income can be broken down into profit margin and investment turnover. Chai Me, Inc. is a manufacturer of herbal tea products. The company is currently preparing its budget for September. The following information was compiled for September: Expected receipts from customers $15,500 Expected payments to suppliers $750 Expected direct labor costs $1,000 Expected MOH costs (includes $500 of depreciation) $870 Expected SG&A costs (includes $230 of depreication) : $645 Chai's capital expenditure budget showed an expected computer upgrade in September costing $1,500. The company hopes to pay cash dividends to shareholders in the amount of $300 during September. Given a projected cash balance of $1,600 on September 1, what is the company's projected cash balance on September 30? $12,965 $12,035 $11,165 $12,765 $12,665 Which of the following best summarizes the concept of materiality as it relates to budget performance reports? Materiality provides for the development of challenging and achievable budgets. Materiality dictates that all calculated variances should be investigated. Materiality requires that all operating results that fall within an acceptable range of outcomes be examined. Materiality determines if a variance is labeled as either favorable or unfavorable. Materiality focuses the attention of management on operating results that fall outside of an acceptable range of outcomes. Which of the following formula variations does not represent the combined cash budget? OOOOO beginning cash + cash inflows - cash outflows = ending cash beginning cash + receipts - disbursements = ending cash beginning cash + collections - payments = ending cash beginning cash + sales on account - accrued expenses = ending cash All of the above formulas represent the combined cash budget. Given budgeted unit sales for four months, if a manufacturer's safety stock is based on a percentage of next month's unit sales, how many production budgets could be prepared? Three One Four Two Unable to answer without additional information. Which of the following statements summarizes why residual income used a performance evalulation tool facilitates goal congruence? The company's expectations, in the form of a hurdle rate, are used in the calculation of residual income. A high residual income indicates a division is operating efficiently. Residual income is a dollar amount rather than a percentage or a ratio. Residual income measures the amount of income earned relative to the amount of assets invested. Residual income can be broken down into profit margin and investment turnover. Chai Me, Inc. is a manufacturer of herbal tea products. The company is currently preparing its budget for September. The following information was compiled for September: Expected receipts from customers $15,500 Expected payments to suppliers $750 Expected direct labor costs $1,000 Expected MOH costs (includes $500 of depreciation) $870 Expected SG&A costs (includes $230 of depreication) : $645 Chai's capital expenditure budget showed an expected computer upgrade in September costing $1,500. The company hopes to pay cash dividends to shareholders in the amount of $300 during September. Given a projected cash balance of $1,600 on September 1, what is the company's projected cash balance on September 30? $12,965 $12,035 $11,165 $12,765 $12,665 Which of the following best summarizes the concept of materiality as it relates to budget performance reports? Materiality provides for the development of challenging and achievable budgets. Materiality dictates that all calculated variances should be investigated. Materiality requires that all operating results that fall within an acceptable range of outcomes be examined. Materiality determines if a variance is labeled as either favorable or unfavorable. Materiality focuses the attention of management on operating results that fall outside of an acceptable range of outcomes