Test Review - Anthony Shelton
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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
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
