devry busn 278 midterm exam - updated
DESCRIPTION
DeVry BUSN 278 Midterm Exam - UpdatedTRANSCRIPT
DeVry BUSN 278 Midterm Exam - Updated
IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load
http://www.acehomework.net/wp-admin/post.php?post=2058&action=edit
IF You Face Any Problem Then E Mail Us At [email protected]
DeVry BUSN 278 Midterm Exam - Updated
(TCO 1) Why are budgets useful in the planning process?
They provide management with information about the company's
past performance.
They help communicate goals throughout the organization.
They guarantee the company will be profitable if it meets its
objectives.
They enable the budget committee members to earn their paychecks
Question 2. Question : (TCO 2) The quantitative forecasting method
that uses actual sales from recent time periods to predict future
sales, assuming each period has equal influence on the prediction of
future sales, is the _____.
: moving average model
weighted moving average model
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
exponential smoothing model
equal average model
Points Received: 5 of 5
Comments:
Question 3. Question : (TCO 3) The regression statistic that
measures how many standard errors the coefficient is from zero is
the _____.
: correlation coefficient
coefficient of determination
standard error of the estimate
t-statistic
Points Received: 0 of 5
Comments:
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
Question 4. Question : (TCO 4) Capital expenditures are incurred for
all of the following reasons except _____.
: as preventive maintenance
to counteract competition
decreased production
improvement in product quality
Points Received: 0 of 5
Comments:
Question 5. Question : (TCO 5) Which of the following is not true
when ranking proposals using zero-base budgeting?
Due to changing circumstances, a low-priority item may later
become a high-priority item.
Decision packages are ranked in order of increasing benefit.
Divisional and departmental managers submit initial
recommendations, with top management making the final ranking.
Nonfunded packages should also be ranked.
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
Points Received: 0 of 5
Comments:
Question 6. Question : (TCO 6) Which of the following ignores the
time value of money?
Internal rate of return
Profitability index
Net present value
Payback period
Points Received: 5 of 5
Comments:
Question 7. Question : (TCO 1) Budgeting is a planning and control
system. Discuss how budgeting contributes to these two functions of
management.
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
Question 8. Question : (TCO 2) There are a variety of forecasting
techniques that a company may use. Identify and discuss the four
main qualitatative approaches, including their advantages and
disadvantages.
Question 9. Question : (TCO 2) Use the table Television Sales Time
Series to answer the questions below.
Television Sales Time Series
(in thousands)
Day Sales Day Sales
1 24.0 9 26.0
2 25.0 10 27.0
3 26.0 11 27.0
4 27.0 12 26.5
5 28.5 13 28.0
6 28.0 14 27.0
7 27.0 15 29.0
8 27.5
Part (a): What is the project sales for Day 16 using a 3-day moving
average?
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
Part (b): What is the project sales for Day 16 using a 6-day moving
average?
Part (c): Use the mean absolute deviation (MAD) and mean square
error (MSE) to determine which average provides the better
forecast.
Comments:
Question 10. Question : (TCO 3) Use the table “Food and Beverage
Sales for Luigi’s Italian Restaurant” to answer the questions below.
Food and Beverage Sales for Luigi’s Italian Restaurant
($000s)
Month First Year Second Year
January 218 237
February 212 215
March 209 223
April 251 174
May 256 174
June 216 135
July 131 142
August 137 145
September 99 110
October 117 117
November 137 151
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
December 213 208
Part (a): Calculate the regression line and forecast sales for
February of Year 3.
Part (b): Calculate the seasonal forecast of sales for February of Year
3.
Part (c): Which forecast do you think is most accurate and why?
Question 11. Question : (TCO 6) Davis Company is considering two
capital investment proposals. Estimates regarding each project are
provided below.
Project A Project B
Initial Investment $800,000 $650,000
Annual Net Income $50,000 45,000
Annual Cash Inflow $220,000 $200,000
Salvage Value $0 $0
Estimated Useful Life 5 years 4 years
The company requires a 10% rate of return on all new investments.
Part (a): Calculate the payback period for each project.
Part (b): Calculate the net present value for each project.
Part (c): Which project should Jackson Company accept and why?
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM
Question 12. Question : (TCO 6) Mimi Company is considering a
capital investment of $250,000 in new equipment. The equipment is
expected to have a 5-year useful life with no salvage value.
Depreciation is computed by the straight-line method. During the
life of the investment, annual net income and cash inflows are
expected to be $25,000 and $75,000, respectively. Mimi's minimum
required rate of return is 10%.
Part (a): Calculate the payback period.
Part (b): Calculate the net present value.
Part (c): Calculate the accounting rate of return.
YOU CAN ALSO VISIT: WWW.HWPROFILE.COM