f. exam EOW - Final Exam Accounting For Managers 2 hours Q1...

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Final Exam Accounting For Managers 2 hours ـــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ ـــــــــــــــــــــــــــــــــــــــــــــــــــــ Q1: True OR False(15 marks) : 1. The revenues budget should be based on the production budget. 2. The operating budget is that part of the master budget that includes the capital expenditures budget, cash budget, budgeted balance sheet, and the budgeted statement of cash flows. 3. A four-quarter rolling budget encourages management to be thinking about the next 12 months. 4. Discounted cash flow methods focus on operating income. 5. Internal rate of return is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time. 6. Relevant cash flows are expected future cash flows that differ among the alternative uses of investment funds. 7. A decrease in the tax rate will decrease the net present value (NPV) for a given capital budgeting project. 8. Discounted cash flow methods measure all the expected future cash inflows and outflows of a project as if they occurred at equal intervals over the life of the project. 9. Cash received from the disposal of old equipment is not relevant to a decision to buy a replacement. 10. A capital budgeting project is accepted if the required rate of return equals or exceeds the internal rate of return.
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