A good example of a quantitative planning tool is ______.
a. scenario planning
b. the Delphi technique
c. brainstorming
d. statistical forecasting
d. statistical forecasting
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Hawk Store counted some of its inventory twice. As a result, its operating expenses will be
a. Understated b. Correct only if Hawk Store calculates it cost of goods sold correctly c. Overstated d. Correct since operating expenses are not affected by inventory costs
Which of the following dimensions of job characteristics theory is that the job provides information on how effective the employee’s work is?
A. skill variety B. task identity C. task significance D. feedback
Team success is more than just completing a task successfully because:
a. Most tasks are performed better by individuals. b. Success on team tasks is difficult to measure. c. Developing team skills for the future is an important part of teamwork. d. Teams are valuable when events are predictable.
Use the following information to prepare a budgeted balance sheet for Grover Company for the month of June.a. The budgeted net income for the month of June is $236,000.b. The beginning cash balance is $62,000; total budgeted cash receipts are $1,660,000; total budgeted cash payments are $1,580,000.c. Budgeted sales for June are $1,700,000. Collections are 40% in the month of sale and 60% in the month following.d. The projected inventory balance is 10% of the following month's sales. Sales for July are projected to be $1,750,000.e. Budgeted purchases for June are $900,000 to be paid 80% in the month of purchase and 20% in the month following.f. The equipment account balance is $1,400,000 on May 31. No equipment purchases or disposals will be made during June. On May 31, the accumulated
depreciation is $276,000. Depreciation expense for June is estimated to be $24,000.g. An outstanding loan balance of $800,000 is expected at the end of June.h. Accrued income taxes payable for June 30 are expected to be $71,000. Salaries payable for June 30 are expected to be $50,000.i. The only other balance sheet accounts are: Common Stock, with a balance of $800,000 on May 31, and Retained Earnings with a balance of $300,000 on May 31. No additional common stock will be issued and no dividends will be paid during June. What will be an ideal response?