SRMHS BA 4.0

SRMHS BA 4.0

9th - 12th Grade

10 Qs

quiz-placeholder

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SRMHS BA 4.0

SRMHS BA 4.0

Assessment

Quiz

Business, Education

9th - 12th Grade

Hard

Created by

Joshua Williams

Used 1+ times

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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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