23q Which of the following is not normally a characteristic of a profit rich, ca

Question

23q

Which of the following is not normally a characteristic of a profit rich, cash poor company?

Question options:

High accounts receivable turnover.

High operating income, but low cash flow from operations.

A long operating cycle.

Low inventory turnover.

Which of the following is a characteristic of the behavioral approach to setting budget targets?

Question options:

Constant need for improvement.

Complete elimination of inefficiency.

Achievable performance expectations.

Complete elimination of non-value-adding activities.

Which budget typically serves as a starting point in developing a master budget?

Question options:

The employee turnover budget.

The sales budget.

The manufacturing cost budget.

The cost of goods sold budget.

Explanation / Answer

1.

a) High accounts receivable turnover.

High accounts receivable turnover depicts the early collection of sales which is not a characteristics of a cash poor company.

2.

c) Achievable performance expectations

3.

b) The sales budget

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