Gordon Jimenez' boss tells him to develop a financial plan. Of the following factors, Gordon will MOST LIKELY consider ________
A) past company plans that were never implemented
B) actions of companies in other industries
C) the current and future state of the economy
D) the level of production costs from 10 years prior
E) profit levels of companies in other industries
C
Explanation: C) In developing financial plans, the financial manager takes many factors into consideration, including the company's current and future plans, the economy's current and future state of affairs, and the competition's current and anticipated actions. In addition, the financial manager must anticipate the impact such factors will have on the company's financial situation.
You might also like to view...
Which of the following sentences illustrates passive voice?
a. The clerk made five errors. b. Susan had been in sales for five years. c. She asked for an adjustment. d. The report was completed by the entire team.
According to researchers, a cohesive team is always a high performance team.
Answer the following statement true (T) or false (F)
Judy promises to pay Ashley $50 to babysit her children. After Ashley babysits the children, Judy pays Ashley the $50; thus each party has completed performance of each part of the contract. This is an example of a(n): A) executed contract
B) executory contract. C) quasi-contract. D)recognizance.
Arca Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$38,700 Budgeted fixed manufacturing overhead 170,700 Total budgeted manufacturing overhead$209,400 Budgeted production (a) 20,000units Standard hours per unit (b) 1.50machine-hours Budgeted hours (a) × (b) 30,000machine-hours Applying Overhead: Actual production (a) 15,000units Standard hours per unit (b) 1.50machine-hours Standard hours allowed for the
actual production (a) × (b) 22,500machine-hours Actual Overhead and Hours: Actual variable manufacturing overhead$9,812 Actual fixed manufacturing overhead 185,700 Total actual manufacturing overhead$195,512 Actual hours 22,300machine-hours ?The predetermined overhead rate is closest to: A. $8.69 per machine-hour B. $13.03 per machine-hour C. $10.47 per machine-hour D. $6.98 per machine-hour