BUS 5431 Final Exam 4, Questions With Answers.Your test grade is 86.96%
The professor has configured this test to allow students to:
Show Questions Answered Correctly
Show Questions Answered Incorrectly
Show All Responses Selected By Student
Show What The Correct Response Should Be
QUESTION: ...
the west division of the thunderbolt company has i
the paisley company has budgeted production for th
Written for
Florida Institute Of Technology
BUS 5431
All documents for this subject (4)
Seller
Follow
StudyConnect
Reviews received
Content preview
Test Review - Anthony Shelton
Your test grade is 86.96%
The professor has configured this test to allow students to:
Show Questions Answered Correctly
Show Questions Answered Incorrectly
Show All Responses Selected By Student
Show What The Correct Response Should Be
QUESTION: 1
TYPE: MULTIPLE CHOICE
[QUESTION BANK ID: 33564]
CORRECT
The West division of the Thunderbolt Company has invested capital of $800,000. This division incurred $80,000 in interest expense and $30,000 in income tax
expense in July. If this division reported a return on investment of 16.5% net operating profit after taxes (NOPAT) must be
A
$132,000
B
$145,200
C
$140,250
D
$150,150
QUESTION: 2
TYPE: MULTIPLE CHOICE
[QUESTION BANK ID: 83927]
CORRECT
The Paisley Company has budgeted production for the next two months as follows:
July 15,000 units
August 18,000 units
Each unit requires 3 pounds of material. Raw materials at the beginning of July total 15,000 pounds. Raw materials at the end of each month should equal 10%
of the next month’s production requirements. Budgeted purchases of raw materials for July is
, A
35,400
B
54,600
C
48,000
D
45,000
QUESTION: 3
TYPE: MULTIPLE CHOICE
[QUESTION BANK ID: 170465]
CORRECT
An unfavorable flexible-budget variance for variable costs may be the result of
A
Using more input quantities than were budgeted
B
Paying higher prices for inputs than were budgeted
C
Both A and B are correct
D
None of the other answers is correct
QUESTION: 4
TYPE: MULTIPLE CHOICE
[QUESTION BANK ID: 84815]
CORRECT
The Golfer’s Paradise Company had $248,000 in credit sales on account last year. The beginning balance in accounts receivable was $32,000 and the ending
balance was $18,000. The company’s accounts receivable turnover was closest to
A
7.75 times
B
9.92 times
C
4.96 times
D
13.78 times
QUESTION: 5
TYPE: MULTIPLE CHOICE
[QUESTION BANK ID: 91031]
CORRECT
The Jenkins Company’s economic value added for 2009 was $1,600. The company’s cost of capital for the year was 16% and the company’s adjusted net
operating profit after taxes (NOPAT) was $3,500. The company’s amount of adjusted investment must be
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StudyConnect. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
