1. The Mentha company currently has the following statistics: Days in accounts r

Question

1. The Mentha company currently has the following statistics:

Days in accounts receivable 68
Operating cycle 148
What is Mentha's days in inventory?

2. Lamberton Manufacturing Company has just completed its master budget. The budget indicates that the company's operating cycle needs to be shortened. Thus, the company will likely attempt:

3. Which of the following is not a potential benefit of using budgets?

4. Which of the following is considered a financial budget estimate?

5. Benefits derived from budgeting do not include:

6. Flexible budgeting may be used for profit centers by applying cost-volume-profit relationships to the actual level of:

7. If the volume of output of a factory for the month of June is 50,000 units, while the budgeted output was 40,000 units:

8. A cash budget is affected directly by each of the following except:

9. The most widely used budgeting philosophy is the:

Explanation / Answer

1)d

2)a

3)b

4)a

5)b

6)d

7)c

8)c

9)a

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