1- The master budget for a service enterprise A) will have the same types of bud

Question

1- The master budget for a service enterprise A) will have the same types of budgets as a merchandiser B) may include a sales budget for sales revenue. C) will not include a budgeted income statement D) includes a service revenue budget based on expected client billings. 2. The following information is taken from the production budget for the first quarter Beginning inventory in units Sales budgeted for the quarter Production capacity in units 1200 456,000 472,000 How many finished goods units should be produced during the quarter if the company desires 3,200 units available to start the next quarter? A) 458,000 B) 454,000 C) 474,000 D) 459,200 Which of the following is not a proper match-up? A) Long range planning Strategies B) Budgeting Short-term goals C) Long-range planning .. 5 years D) Budgeting“ Long-term goals 3. 4. Ifa 2-year capital project has an internal rate of return factor equal to 1.690 and net annual cash flows of S60,000, the initial capital investment was A) S101,400. B) $35,503. C) $50,700. D) $71,007. Page 1

Explanation / Answer

Solution:-

1. D) includes a service revenue budget based on expected client billings.

2. A) 458,000

Explanation:-

1,200 + 456,000 - 3,200 = 458,000.

3. D) Budgeting <---> Long-term goals

4. A) $101,400

Explanation:-

60,000 / 1.1690 = $ 101,400

Please Rate or comment if you have any doubt regarding this solution.

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