Chapter 4 Quiz

Instructions
Chapter 4 quiz.

This assessment is worth 1100 points.

  1. In using a systems approach to financial planning, it is necessary develop a   (10 points)

    a.  
    b.  
    c.  
    d.  

  2. In using a systems approach to financial planning, it is necessary develop a   (10 points)

    a.  
    b.  
    c.  
    d.  

  3. In using a systems approach to financial planning, it is necessary develop a   (10 points)

    a.  
    b.  
    c.  
    d.  

  4. In using a systems approach to financial planning, it is necessary develop a   (10 points)

    a.  
    b.  
    c.  
    d.  

  5. In using a systems approach to financial planning, it is necessary develop a   (10 points)

    a.  
    b.  
    c.  
    d.  

  6. In using a systems approach to financial planning, it is necessary develop a   (10 points)

    a.  
    b.  
    c.  
    d.  

  7. In using a systems approach to financial planning, it is necessary develop a   (10 points)

    a.  
    b.  
    c.  
    d.  

  8. In using a systems approach to financial planning, it is necessary develop a   (10 points)

    a.  
    b.  
    c.  
    d.  

  9. In using a systems approach to financial planning, it is necessary develop a   (10 points)

    a.  
    b.  
    c.  
    d.  

  10. In using a systems approach to financial planning, it is necessary develop a   (10 points)

    a.  
    b.  
    c.  
    d.  

  11. In using a systems approach to financial planning, it is necessary develop a   (10 points)

    a.  
    b.  
    c.  
    d.  

  12. The key initial element in developing pro forma statements is   (10 points)

    a.  
    b.  
    c.  
    d.  

  13. The key initial element in developing pro forma statements is   (10 points)

    a.  
    b.  
    c.  
    d.  

  14. The key initial element in developing pro forma statements is   (10 points)

    a.  
    b.  
    c.  
    d.  

  15. The key initial element in developing pro forma statements is   (10 points)

    a.  
    b.  
    c.  
    d.  

  16. The key initial element in developing pro forma statements is   (10 points)

    a.  
    b.  
    c.  
    d.  

  17. The key initial element in developing pro forma statements is   (10 points)

    a.  
    b.  
    c.  
    d.  

  18. The key initial element in developing pro forma statements is   (10 points)

    a.  
    b.  
    c.  
    d.  

  19. The key initial element in developing pro forma statements is   (10 points)

    a.  
    b.  
    c.  
    d.  

  20. The key initial element in developing pro forma statements is   (10 points)

    a.  
    b.  
    c.  
    d.  

  21. The key initial element in developing pro forma statements is   (10 points)

    a.  
    b.  
    c.  
    d.  

  22. The key initial element in developing pro forma statements is   (10 points)

    a.  
    b.  
    c.  
    d.  

  23. In the development of the pro forma financial statements, the last step in the   (10 points)

    a.  
    b.  
    c.  
    d.  

  24. In the development of the pro forma financial statements, the last step in the   (10 points)

    a.  
    b.  
    c.  
    d.  

  25. In the development of the pro forma financial statements, the last step in the   (10 points)

    a.  
    b.  
    c.  
    d.  

  26. In the development of the pro forma financial statements, the last step in the   (10 points)

    a.  
    b.  
    c.  
    d.  

  27. In the development of the pro forma financial statements, the last step in the   (10 points)

    a.  
    b.  
    c.  
    d.  

  28. In the development of the pro forma financial statements, the last step in the   (10 points)

    a.  
    b.  
    c.  
    d.  

  29. In the development of the pro forma financial statements, the last step in the   (10 points)

    a.  
    b.  
    c.  
    d.  

  30. In the development of the pro forma financial statements, the last step in the   (10 points)

    a.  
    b.  
    c.  
    d.  

  31. In the development of the pro forma financial statements, the last step in the   (10 points)

    a.  
    b.  
    c.  
    d.  

  32. In the development of the pro forma financial statements, the last step in the   (10 points)

    a.  
    b.  
    c.  
    d.  

  33. In the development of the pro forma financial statements, the last step in the   (10 points)

    a.  
    b.  
    c.  
    d.  

  34. Required production during a planning period will depend on the   (10 points)

    a.  
    b.  
    c.  
    d.  

  35. Required production during a planning period will depend on the   (10 points)

    a.  
    b.  
    c.  
    d.  

  36. Required production during a planning period will depend on the   (10 points)

    a.  
    b.  
    c.  
    d.  

  37. Required production during a planning period will depend on the   (10 points)

    a.  
    b.  
    c.  
    d.  

  38. Required production during a planning period will depend on the   (10 points)

    a.  
    b.  
    c.  
    d.  

  39. Required production during a planning period will depend on the   (10 points)

    a.  
    b.  
    c.  
    d.  

  40. Required production during a planning period will depend on the   (10 points)

    a.  
    b.  
    c.  
    d.  

  41. Required production during a planning period will depend on the   (10 points)

    a.  
    b.  
    c.  
    d.  

  42. Required production during a planning period will depend on the   (10 points)

    a.  
    b.  
    c.  
    d.  

  43. Required production during a planning period will depend on the   (10 points)

    a.  
    b.  
    c.  
    d.  

  44. Required production during a planning period will depend on the   (10 points)

    a.  
    b.  
    c.  
    d.  

  45. A firm has forecasted sales of $4,000 in January, $6,000 in February and $5,500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in February?   (10 points)

    a.  
    b.  
    c.  
    d.  

  46. A firm has forecasted sales of $4,000 in January, $6,000 in February and $5,500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in February?   (10 points)

    a.  
    b.  
    c.  
    d.  

  47. A firm has forecasted sales of $4,000 in January, $6,000 in February and $5,500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in February?   (10 points)

    a.  
    b.  
    c.  
    d.  

  48. A firm has forecasted sales of $4,000 in January, $6,000 in February and $5,500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in February?   (10 points)

    a.  
    b.  
    c.  
    d.  

  49. A firm has forecasted sales of $4,000 in January, $6,000 in February and $5,500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in February?   (10 points)

    a.  
    b.  
    c.  
    d.  

  50. A firm has forecasted sales of $4,000 in January, $6,000 in February and $5,500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in February?   (10 points)

    a.  
    b.  
    c.  
    d.  

  51. A firm has forecasted sales of $4,000 in January, $6,000 in February and $5,500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in February?   (10 points)

    a.  
    b.  
    c.  
    d.  

  52. A firm has forecasted sales of $4,000 in January, $6,000 in February and $5,500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in February?   (10 points)

    a.  
    b.  
    c.  
    d.  

  53. A firm has forecasted sales of $4,000 in January, $6,000 in February and $5,500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in February?   (10 points)

    a.  
    b.  
    c.  
    d.  

  54. A firm has forecasted sales of $4,000 in January, $6,000 in February and $5,500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in February?   (10 points)

    a.  
    b.  
    c.  
    d.  

  55. A firm has forecasted sales of $4,000 in January, $6,000 in February and $5,500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in February?   (10 points)

    a.  
    b.  
    c.  
    d.  

  56. A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the end of June?   (10 points)

    a.  
    b.  
    c.  
    d.  

  57. A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the end of June?   (10 points)

    a.  
    b.  
    c.  
    d.  

  58. A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the end of June?   (10 points)

    a.  
    b.  
    c.  
    d.  

  59. A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the end of June?   (10 points)

    a.  
    b.  
    c.  
    d.  

  60. A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the end of June?   (10 points)

    a.  
    b.  
    c.  
    d.  

  61. A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the end of June?   (10 points)

    a.  
    b.  
    c.  
    d.  

  62. A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the end of June?   (10 points)

    a.  
    b.  
    c.  
    d.  

  63. A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the end of June?   (10 points)

    a.  
    b.  
    c.  
    d.  

  64. A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the end of June?   (10 points)

    a.  
    b.  
    c.  
    d.  

  65. A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the end of June?   (10 points)

    a.  
    b.  
    c.  
    d.  

  66. A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the end of June?   (10 points)

    a.  
    b.  
    c.  
    d.  

  67. XYZ Co. has forecasted June sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?   (10 points)

    a.  
    b.  
    c.  
    d.  

  68. XYZ Co. has forecasted June sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?   (10 points)

    a.  
    b.  
    c.  
    d.  

  69. XYZ Co. has forecasted June sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?   (10 points)

    a.  
    b.  
    c.  
    d.  

  70. XYZ Co. has forecasted June sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?   (10 points)

    a.  
    b.  
    c.  
    d.  

  71. XYZ Co. has forecasted June sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?   (10 points)

    a.  
    b.  
    c.  
    d.  

  72. XYZ Co. has forecasted June sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?   (10 points)

    a.  
    b.  
    c.  
    d.  

  73. XYZ Co. has forecasted June sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?   (10 points)

    a.  
    b.  
    c.  
    d.  

  74. XYZ Co. has forecasted June sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?   (10 points)

    a.  
    b.  
    c.  
    d.  

  75. XYZ Co. has forecasted June sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?   (10 points)

    a.  
    b.  
    c.  
    d.  

  76. XYZ Co. has forecasted June sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?   (10 points)

    a.  
    b.  
    c.  
    d.  

  77. XYZ Co. has forecasted June sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?   (10 points)

    a.  
    b.  
    c.  
    d.  

  78. In the construction of the cash payments schedule, the major cash payment is generally   (10 points)

    a.  
    b.  
    c.  
    d.  

  79. In the construction of the cash payments schedule, the major cash payment is generally   (10 points)

    a.  
    b.  
    c.  
    d.  

  80. In the construction of the cash payments schedule, the major cash payment is generally   (10 points)

    a.  
    b.  
    c.  
    d.  

  81. In the construction of the cash payments schedule, the major cash payment is generally   (10 points)

    a.  
    b.  
    c.  
    d.  

  82. In the construction of the cash payments schedule, the major cash payment is generally   (10 points)

    a.  
    b.  
    c.  
    d.  

  83. In the construction of the cash payments schedule, the major cash payment is generally   (10 points)

    a.  
    b.  
    c.  
    d.  

  84. In the construction of the cash payments schedule, the major cash payment is generally   (10 points)

    a.  
    b.  
    c.  
    d.  

  85. In the construction of the cash payments schedule, the major cash payment is generally   (10 points)

    a.  
    b.  
    c.  
    d.  

  86. In the construction of the cash payments schedule, the major cash payment is generally   (10 points)

    a.  
    b.  
    c.  
    d.  

  87. In the construction of the cash payments schedule, the major cash payment is generally   (10 points)

    a.  
    b.  
    c.  
    d.  

  88. In the construction of the cash payments schedule, the major cash payment is generally   (10 points)

    a.  
    b.  
    c.  
    d.  

  89. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?   (10 points)

    a.  
    b.  
    c.  
    d.  

  90. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?   (10 points)

    a.  
    b.  
    c.  
    d.  

  91. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?   (10 points)

    a.  
    b.  
    c.  
    d.  

  92. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?   (10 points)

    a.  
    b.  
    c.  
    d.  

  93. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?   (10 points)

    a.  
    b.  
    c.  
    d.  

  94. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?   (10 points)

    a.  
    b.  
    c.  
    d.  

  95. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?   (10 points)

    a.  
    b.  
    c.  
    d.  

  96. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?   (10 points)

    a.  
    b.  
    c.  
    d.  

  97. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?   (10 points)

    a.  
    b.  
    c.  
    d.  

  98. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?   (10 points)

    a.  
    b.  
    c.  
    d.  

  99. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?   (10 points)

    a.  
    b.  
    c.  
    d.  

  100. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?   (10 points)

    a.  
    b.  
    c.  
    d.  

  101. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?   (10 points)

    a.  
    b.  
    c.  
    d.  

  102. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?   (10 points)

    a.  
    b.  
    c.  
    d.  

  103. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?   (10 points)

    a.  
    b.  
    c.  
    d.  

  104. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?   (10 points)

    a.  
    b.  
    c.  
    d.  

  105. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?   (10 points)

    a.  
    b.  
    c.  
    d.  

  106. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?   (10 points)

    a.  
    b.  
    c.  
    d.  

  107. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?   (10 points)

    a.  
    b.  
    c.  
    d.  

  108. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?   (10 points)

    a.  
    b.  
    c.  
    d.  

  109. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?   (10 points)

    a.  
    b.  
    c.  
    d.  

  110. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?   (10 points)

    a.  
    b.  
    c.  
    d.  



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