A master budget is typically prepared for:
a. Coordinating activities among subunits of an organization.
b. Top management only.
c. Strategic planning purposes only.
d. Strategic business units only.
e. Operating activities only.
a. Coordinating activities among subunits of an organization.
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Norton Manufacturing is considering the following two investment proposals
Proposal X Proposal Y Investment $738,000 $508,000 Useful life 5 years 4 years Estimated annual net cash inflows received at the end of each year $152,000 $100,000 Residual value $62,000 $0 Depreciation method Straight-line Straight-line Annual discount rate 10% 9% Compute the present value of the future cash inflows from Proposal Y. Present value of an ordinary annuity of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.240 3.170 5 3.993 3.809 3.791 6 4.623 4.486 4.355 A) $271,018 B) $324,000 C) $294,640 D) $254,000
Portfolio models are used to assist a firm in
A. generating excess cash. B. unbalancing its portfolio of businesses. C. achieving a balanced portfolio of businesses. D. achieving a portfolio of businesses.
The "we feeling" that binds group members together is called group __________.
a. cohesiveness b. effort c. friendliness d. identity
Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar beets costs $53 to buy from farmers and $18 to crush in the company's plant. Two intermediate products, beet fiber and beet juice, emerge from the crushing process. The beet fiber can be sold as is for $25 or processed further for $18 to make the end product industrial fiber that is sold for $39. The beet juice can be sold as is for $32 or processed further for $28 to make the end product refined sugar that is sold for $79.Which of the intermediate products should be processed further?
A. beet fiber should NOT be processed into industrial fiber; beet juice should be processed into refined sugar B. beet fiber should be processed into industrial fiber; beet juice should be processed into refined sugar C. beet fiber should NOT be processed into industrial fiber; beet juice should NOT be processed into refined sugar D. beet fiber should be processed into industrial fiber; beet juice should NOT be processed into refined sugar