ACC561 10 Final Questions A+ Work-6 - 23041

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51) _____ is the logical integration of management accounting tools to gather and report data and to evaluate performance.
A. A management control system
B. A quality control system

C. A financial reporting system
D. An internal control system

52) Jewel Company’s revenues are $300 and invested capital is $240. Expenses are currently 60% of sales. Jewel Company’s current return on investment is _____.

A. none of these answers are correct
B. 100%

C. 80%
D. 50%

53) The following information is available for the Peter Company:
Sales      $500,000
Invested Capital      312,500
ROI      10%
The return on sales is _____.

A. none of these answers is correct
B. 6.250%
C. 1.000%
D. 10.000%

54) Speedo Company’s revenues are $300 on invested capital of $240. Expenses are currently 70% of sales. If Angelo Company can reduce its invested capital by 20%, return on investment will be _____.
A. 46.88%
B. 93.75%

C. 18.75%
D. 75%

 

 

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51) _____ is the logical integration of management accounting tools to gather and report data and to evaluate performance.
A. A management control system