Which of the following is not considered when preparing the cost of goods sold budget?
a. Budgeted factory overhead.
b. Budgeted dollar value of finished goods inventory at the end of the period.
c. Budgeted sales dollars.
d. Budgeted dollar value of work-in-process inventory at the beginning of the year.
c
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A florist should consider the grocery store chain Kroger to be a ________ because consumers are able to purchase the same products at Kroger stores as it sells in its own.
a. customer b. strategic ally c.supplier d. distributor e. competitor
Discounted cash flow methods typically ________
A) use simple interest calculations B) assume that cash flows will be reinvested when received C) focus on the payback period D) comply with the requirements of GAAP
The ___________ the organization, the __________ the power and discretion of its top leader.
a. more complex; less b. more diverse; more c. smaller; more d. more uncertain; less
Given are the following data for year 1:Profits after taxes = $20 million; Depreciation = $6 million; Interest expense = $4 million; Investment in fixed assets = $12 million; Investment in working capital = $4 million. The corporate tax rate is 25 percent. Calculate the free cash flow (FCF) for year 1.
A. $6 million B. $13 million C. $4 million D. $8 million