Reference no: EM13495269

Question 1:

Declaring a dividend results in a cash outflow from financing activities. (True/false)

Question 2:

Consider the following statements

I. The cash conversion cycle of a firm can be improved by decreasing the days inventory held, days payable outstanding, and the average accounts receivable collection period.

II. The DuPont System helps analysts understand how a firm's decisions and activities over an accounting period interact to produce return on equity.

a. Only Statement I is true.
b. Only Statement II is true.
c. Both Statements I and II are true.
d. Both Statements I and II are false.

Question 3:

The Balanced Scorecard process:

a. creates a focus on the future.
b. communicates organizational goals to employees.
c. focuses shareholders on strategic implementation of company's outcomes.
d. a and b.
e. All of the above are correct.

Question 4:

A time-driven activity-based costing system is most useful when:

a. operations throughout the plant are fairly similar.
b. there are small amounts of overhead costs.
c. products produced in the company all show large profits.
d. products make diverse demands on resources because of differences in volume, process steps, batch size, or complexity.
e. c and d.

Question 5:

Which of the following are options to transform breakeven or loss customers into profitable ones?

a. use more discipline in granting discounts and allowances.
b. improve the process used to produce, sell, deliver and service the customer.
c. use less menu-based pricing that allows customers to select features and services they are willing to pay for.
d. a and b.
e. All of the above.