Workshop 6 - Quiz 6

Workshop 6 - Quiz 6 - Grade Delivery Page 1 of 5 Points...

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Points Awarded 100.00 Points Missed 0.00 Percentage 100% 1. Which of the following items does not follow from the adoption of a budget? A) Promote efficiency B) Deterrent to waste C) Basis for performance evaluation D) Guarantee of accomplishing the profit objective Points Earned: 5.0/5.0 Correct Answer(s): D 2. If budgets are to be effective, there must be A) a history of successful operations. B) independent verification of budget goals. C) an organizational structure with clearly defined lines of authority and responsibility. D) excess plant capacity. Points Earned: 5.0/5.0 Correct Answer(s): C 3. The culmination of preparing operating budgets is the A) budgeted balance sheet. B) production budget. C) cash budget. D) budgeted income statement. Points Earned: 5.0/5.0 Correct Answer(s): D 4. Unger Company has 12,000 units in beginning finished goods. If sales are expected to be 60,000 units for the year and Unger desires ending finished goods of 15,000 units, how many units must the company produce? A) 57,000 B) 60,000 C) 63,000 D) 75,000 Points Earned: 5.0/5.0 Correct Answer(s): C Page 1 of 5 Grade Delivery 12/4/2009 https://lms.bvu.edu/Section/Assessment/Question/GradeDelivery.aspx?entryId=724ad5894. ..
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5. What is the proper preparation sequencing of the following budgets? 1. Budgeted Balance Sheet 2. Sales Budget 3. Selling and Administrative Budget 4. Budgeted Income Statement A) 1, 2, 3, 4 B) 2, 3, 1, 4 C) 2, 3, 4, 1 D) 2, 4, 1, 3 Points Earned: 5.0/5.0 Correct Answer(s): C 6. The following information was taken from Sloan Company's cash budget for the month of July:
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This note was uploaded on 09/24/2011 for the course MGMT 201 taught by Professor Parkin during the Fall '10 term at Buena Vista.

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Workshop 6 - Quiz 6 - Grade Delivery Page 1 of 5 Points...

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