Solution:
The master budget details "Short-term objectives"
Hence 2nd option is correct.
The master budget details: Multiple Choice Ο Long-term objectives. Ο Short-term objectives, Ο Intermediate objectives. Ο...
What was James's flexible budget contribution margin for July? Multiple Choice Ο $59100 Ο Ο $72.600. Ο $65.000 Ο 551.500 James Manufacturing had the following information available for July Actual Results 14,500 Flexible Budget Variance Flexible Budget Sales Activity Variance 1, eeeu ? Master Budget $13,500F Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative Contribution margin $91,75€ $100,000 ? $137, eee $ 8, 2500 $9,000F $7,600U $ 46,000 ? $65,000 What was James's flexible budget contribution margin...
23 Part 1 of 3 How can compositional emphasis be produced? Multiple Choice Ο Ο Ο All of these answers are correct. Ο How can compositional emphasis be produced? Multiple Choice Ο Centricity Ο Isolation Ο All of these answers are correct. Ο Contrast
How is depreciation expense reported in the financial statements? Multiple Choice Ο Long term liabilities section of the statement of stockholder's equity Ο ) Financing activities section of the statement of cash flows Ο Current assots section of the balance shoot Ο C Operating expenses section of the income statement
The usual starting point for a master budget is. Multiple Choice the direct materials purchase budget the budgeted Income statement. the sales forecast or sales budget. the production budget.
Which of the following statements is (are) true regarding the master budget? (A) A master budget consists of (a) organizational goals, (bstrategic long-range profit plan, and (c) tactical short-range profit plan. (B) A master budget consists of only a budgeted (a) income statement. (b) balance sheet and (c) stockholders' equity statement. Multiple Choice 0 Only A is true 0 Only Bis true. 0 Both of these are true 0 None of these is true
The expectations hypothesis explains yields on securities as a function of interest rates: Multiple Choice short-term; long-term long-term; short-term short-term; short-term long-term; long-term
Capital assets are usually financed with Multiple Choice short-term funds. long-term funds. permanent funds self-liquidating funds
Comparing the master budget with the flexible budget creates a: Multiple Choice O spending variance. volume variance. o o quantity variance. O price variance. price variance.
The usual starting point for preparing a master budget is forecasting or estimating: Multiple Choice Sales. Cash payments Expenditrues . Production. Income.
In a three-pronged plug, the purpose of the third prong is to Multiple Choice Ο provide a short circuit to ground. Ο prevent excessive power use by inefficient appliances Ο create a stronger connection to the outlet when plugged in. Ο provide a path to ground in the event of a short circuit to the case of an appliance.