Which of the following budgets are prepared at the beginning of the period for one set level of activity?
a. Revenue variance budgets
b. Flexible budgets
c. Static budgets
d. Activity variance budgets
c
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Where would you tell someone to find the information needed to compute the cash flow adequacy ratio?
a. the balance sheet only b. the statement of cash flows and the notes to the statements c. the statement of cash flows only d. the income statement only
The coordination of all activities related to production by providing consistent data to all participants involved in various stages of the production process is called ______.
A. manufacturing resource planning (MRP II) B. an extension of CRP C. CRP II D. batch manufacture
Ledonne Corporation is conducting a time-driven activity-based costing study in its Customer Service Department. The company has provided the following data to aid in that study:Ledonne CorporationCustomer Service DepartmentData InputsResource Data: Number of employees 16Average salary per employee$41,040Practical capacity per employee (in minutes) 108,000?Activity Data:Processing OrdersResolving QueriesProcessing Credit ReviewsMinutes per unit of the activity122442?Cost Object Data:All CustomersNumber of orders processed31,320Number of queries resolved21,580Number of credit reviews processed1,220?On the Capacity Analysis report in time-driven activity-based costing, the "potential adjustment in the number of employees" would be closest to:
A. 7.00 employees B. (8.00) employees C. (7.00) employees D. 8.00 employees
The possibility of arbitrage arises when ____________.
A. there is no consensus among investors regarding the future direction of the market, and thus trades are made arbitrarily B. mispricing among securities creates opportunities for riskless profits C. two identically risky securities carry the same expected returns D. investors do not diversify