SRMHS BA 4.0
Quiz
•
Business, Education
•
9th - 12th Grade
•
Hard
Joshua Williams
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dylan wants to prepare reports that show estimates of income and expenses for the upcoming year. Which report would reflect estimates of the costs for acquiring merchandise?
administrative expenses budget schedule
selling expenses budget schedule
purchases budget schedule
sales budget schedule
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Michelle wants to know her company's anticipated cash outflows for the upcoming year. Which schedule would give Michelle this information?
Sales Budget
Budgeted Income
Cash Receipts Budget
Cash Payments Budget
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Katie wants to know her company's estimated net income for the year. Which would provide that information?
Balance Sheet
Budgeted Income Statement
Cash Receipts Budget Schedule
Comparative Income Statement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jack's supervisor wants to know how well the expenses were estimated for the past year. Which document would Jack use to gather this information?
Comparative Income Statement
Budgeted Income Statement
Cash Budget Report
Performance Report
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Green Fees Golf Store has total fixed costs of $12,000. Assuming a 20% contribution margin rate, how many sales dollars are required to achieve planned net income of $15,000?
40,000
60,000
75,000
135.000
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Garrett's Gourmet Ice Cream has total fixed costs of $9,000.00. Assuming a 15% contribution margin rate, how many sales dollars are required to achieve planned net income of $6,000?
40,000
60,000
100,000
120,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Water Fun Park had total fixed costs of $75,000 and a contribution margin rate of 20%. The unit sales price is $75. How many units must be sold to break even?
1,000
4,000
5,000
8,000
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