Cyclical unemployment results from:
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1 .The goals and objectives upon which an annual profit plan is most effectively based are:
A Quantitative measures such as growth in unit sales, number of employees, and manufacturing capacity. B A combination of financial, quantitative, and qualitative measures. C Financial and quantitative measures. D Qualitative measures of organizational activity such as product innovation leadership,...
2 .Which of the following indicates that the economy is in a recessionary phase?
A The rate of unemployment decreases. B The purchasing power of money declines rapidly. C There is a shortage of essential raw materials and costs are rising. D Potential national income exceeds actual national income.
3 .Historically, Pine Hill Wood Products has hadno significant bad debt experience with its customers. Cash sales haveaccounted for ten percent of total sales and payments for credit sales havebeen received as follows. 40% of credit sales in the month of the sale. 30% of credit sales in the first subsequent month. 25% of credit sales in the second subsequent month. 5% of credit sales in the third subsequent month. The forecast forboth cash and credit sales is as follows. Month Sales January USD95,000 February 65,000 March 70,000 April 80,000 May 85,000 What is the forecasted cash inflow for Pine Hill Wood Products for May?
A USD70,875 B USD82,100 C USD76,500 D USD79,375
4 .Gross domestic product includes which of the following measures?
A The negative externalities of the production process of a nation within one year. B The size of a population that must share a given output within one year. C The total monetary value of all final goods and services produced within a nation in one year. D The total monetary value of goods and serv...
5 .The financial budget process includes:
A The budgeted balance sheet. B The cash budget. C All of the answer choices are correct. D The budgeted statement of cash flows.
7 .For the current period production levels, XL Molding Co. budgeted 8,500 board feet of production and used 9,000 board feet for actual production. Material cost was budgeted at USD2 per foot. The actual cost for the period was USD3 per foot. What was XL's material efficiency variance for the period?
A USD1,000 unfavorable. B USD1,500 unfavorable. C USD1,000 favorable. D USD1,500 favorable.
8 .All of the following actions are valid tools that the Federal Reserve Bank uses to control the supply of money,except:
A Selling government securities. B Printing money when the money supply appears low. C Changing the reserve ratio. D Raising or lowering the discount rate.
9 .Blaster, Inc., a manufacturer of portableradios, purchases the components from subcontractors to use to assemble into acomplete radio. Each radio requires three units each of Part XBEZ52, which hasa standard cost of USD1.45 per unit. During May Year 1, Blaster experienced thefollowing with respect to part XBEZ52. Units Purchases (USD18,000) 12,000 Consumed in manufacturing 10,000 Radios manufactured 3,000 During May Year 1, Blaster Inc. incurred a purchase price variance of:
A USD600 favorable. B USD450 favorable. C USD600 unfavorable. D USD450 unfavorable.
10 .An increase in the discount rate would cause:
A The money supply to decrease and interest rates to fall. B The money supply to decrease and interest rates to rise. C The money supply to increase and interest rates to rise. D The money supply to increase and interest rates to fall.
