Accounting for Managers- TMGT 3338- Quiz 4A-Financial Ratios
1. Angelo Services Inc. reported the following balance sheet information for the year 2017.
Based on the following information, calculate the rate of return on total assets for Angelo
Chapters 1, 2, 3, 4, & 5
1) The mean absolute deviation (MAD) is used to:
A estimate the trend line
B eliminate forecast errors
C measure forecast accuracy
D seasonally adjust the forecast
E all of the above
2) In services, fl
Chapter 11, 12, 13, 14 & 15
1) Which of the following best describes aggregate planning?
A The link between intermediate term planning and short term operating decisions
B a collection of objective planning tools
C make or buy
Chapter 6, 7, 8, 9 & 10
1) The quality control improvement tool which distinguishes between the "important few"
and the "trivial many" is _.
B check sheets
C Pareto analysis
D cause-and-effect diagrams
Complete the following Problems from Chapter 5
Problem #1 a & b p. 212
Determine the utilization and the efficiency of each of these situations.
a. A loan processing operation that processes an average of 7 loans per day. The
Week of January 23-29
Chapter 3: Problem #22 a & b p.129
"Two independent methods of forecasting."
A. Compute the MSE and MAD for each forecast. Does each forecast seem superior? Explain
MAD: Forecast 1 is 2.8 Forecast 2 is 3.6
Question #3 Chapter 13 pg. 588
Q: Sam is at the post office to mail a package. After he pays for mailing the
package, the clerk asks if he would like to buy some stamps. Sam pauses to
think before he answers. He doesnt have a credit card with him. After p
Ch. 14 Problem #2 & #7
A JIT system uses Kanban cards to authorize movement of incoming
parts. In one portion of the system a work center uses an average of
100 parts per hour while running. The manager has assigned an
inefficiency factor of 0.
Complete problem #9 a-c in Chapter 13
9. The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. FSF
supplies hot dogs to local restaurants at a steady rate of 250 per day. The cost to prepare the
equipment for producing hot do