The role of managerial accounting information in assisting management is a(n):
A. problem-solving role.
B. planning and controlling role.
C. financial-directing role.
D. attention-directing role.
E. organizational role.
Answer: D
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Which sentence is punctuated correctly?
A) We offer our customers free returns, consequently customers feel more comfortable making purchases online. B) We offer our customers free returns; consequently, customers feel more comfortable making purchases online. C) We offer our customers free returns; consequently customers feel more comfortable making purchases online.
Allison Engines Corporation has established a target capital structure of 40 percent debt and 60 percent common equity. The firm expects to earn $150,000 in after-tax income during the coming year, and it will retain 40 percent of those earnings. What is the break point of retained earnings??
A. $125,000? B. ?$100,000 C. ?$150,000 D. ?$110,000 E. ?$135,000
A firm has fixed operating costs of $525,000. The sales price per unit is $35 and its variable costs per unit is $22.50. The firm's operating breakeven point in units is ________
A) $23,330 B) $32,000 C) $42,000 D) $52,000
Sheehan Inc. is deciding whether to invest in a project today or to postpone the decision until next year. The project has a positive expected NPV, but its cash flows might turn out to be lower than expected, in which case the NPV could be negative. No competitors are likely to invest in a similar project if the firm decides to wait. Which of the following statements best describes the issues that the firm faces when considering this investment timing option?
A. The investment timing option would not affect the cash flows and therefore would have no impact on the project's risk. B. The more uncertainty about the future cash flows, the more logical it is to go ahead with this project today. C. Since the project has a positive expected NPV today, this means that its expected NPV will be even higher if the firm chooses to wait a year. D. Since the project has a positive expected NPV today, this means that it should be accepted in order to lock in that NPV. E. Waiting would probably reduce the project's risk.