Question

In: Accounting

Lucy Brown is the manager of one department in a big store. In this capacity, which of the following kinds of information would he be interested in?

QUESTION 1

  1. Lucy Brown is the manager of one department in a big store. In this capacity, which of the following kinds of information would he be interested in?


    		A.

    Financial, economic, and nonfinancial data


    		B.

    Economic data


    		C.

    Nonfinancial Data


    		D.

    Financial Data


QUESTION 2

  1. A company has high operating leverage when:


    		A.

    small percentage changes in revenue produce large percentage changes in profit.


    		B.

    the organization makes purchases on credit instead of paying cash.


    		C.

    a company utilizes debt to finance its assets.


    		D.

    management buys enough of the company's shares of stock to take control of the corporation.


QUESTION 3

  1. In the graph below, which depicts the relationship between units produced and unit cost, the dotted line depicts which type ofcost per unit?


    		A.

    Mixed cost


    		B.

    Fixed cost


    		C.

    Variable cost


    		D.

    None of these

Solutions

Expert Solution

QUESTION 1 Lucy Brown is the manager of one department in a big store. In this capacity, which of the following kinds of information would he be interested in?

Answer : A. Financial, economic, and non- financial data

A lucy brown is the manager of the one deparment in a big store. in this capacity he had to take decisions and for that he will required all the data related to financial, econmic and non-fianacial data to take decision on that basis for the benefit of the big store or to full fill his responsibility.

QUESTION 2 A company has high operating leverage when:

Answer : A. Small Percentage changes in revenue produce large percentage change in profit.

operating leverage measures the change in operating profit as result of change in sales.

operating leverage is high when a small percentage change in dollar sales will change the large chagne in operating profit

Question 3 :In the graph below, which depicts the relationship between units produced and unit cost, the dotted line depicts which type of cost per unit?

Answer :B. FIxed cost :

As the dotted line is horizontal, the total cost is constant as volume changes, this shows a fixed cost.

ekkarill92 answered 3 years ago
Next > < Previous

Related Solutions

Which one of the following statements about brown dwarfs is false? (a) A brown dwarf is...
Which one of the following statements about brown dwarfs is false? (a) A brown dwarf is in hydrostatic equilibrium. (b) A brown dwarf is less massive than a normal star. (c) A brown dwarf shines primarily at infrared wavelengths. (d) A brown dwarf’s diame-ter is at least 13 times that of Jupiter. (e) Unlike a planet, a brown dwarf does produce energy through nuclear fusion, at least for a short time.
Smith’s Department Store needs to decide which advertising budgeting method to use. The following information is...
Smith’s Department Store needs to decide which advertising budgeting method to use. The following information is needed to calculate Smith’s advertising budget using all three methods. Affordable Budget Method Last year’s sales were $9,815,000 and are projected to increase by 4.5% for next year. Last year’s expenses were 41% of last year’s sales and are projected to decrease by 1.5% for next year. Last year the business earned a profit of $4,587,600. Profit is expected to increase by 2% over...
The following data are monthly sales of jeans at a local department store. The buyer would...
The following data are monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July. (a) Forecast sales of jeans for March through June using the naïve method, a two-period moving average, and exponential smoothing with an ? = 0.2. (Hint: Use naïve to start the exponential smoothing process.) (b) Compare the forecasts using MAD and decide which is best. (c) Using your method of choice, make a...
Use the following information to answer the remaining questions. An advertising manager is interested in whether...
Use the following information to answer the remaining questions. An advertising manager is interested in whether having a celebrity chef in a commercial for cookware will influence audience’s perceptions of the product. Her thinking is that a celebrity chef may improve the product image, but it may also distract the audience and make them think the product was less useful. It is known from the prior focus groups that the average usefulness of the cookware was 45, and the standard...
Use the following information to answer the remaining questions. An advertising manager is interested in whether...
Use the following information to answer the remaining questions. An advertising manager is interested in whether having a celebrity chef in a commercial for cookware will influence audience’s perceptions of the product. Her thinking is that a celebrity chef may improve the product image, but it may also distract the audience and make them think the product was less useful. It is known from the prior focus groups that the average usefulness of the cookware was 45, and the standard...
Which of the following is NOT one of the main categories into which the Windows Store...
Which of the following is NOT one of the main categories into which the Windows Store organizes apps? a. Productivity b. Entertainment c. Spotlight d. Spreadsheets If you are not sure what apps you own from the Windows Store, you can display a list of them on the Start Menu by clicking _____. a. Purchased apps b. All Apps c. What I own d. My programs
Which one of the following is NOT a way that humans increased the carrying capacity of...
Which one of the following is NOT a way that humans increased the carrying capacity of agricultural land during the 'green revolution.' Question 1 options: Increased use of irrigation to supply water. Adding inorganic fertilizer to the land to supply limited nutrients. Use of pesticides to control natural predators of crops. Increasing the genetic diversity of crop plants to help them withstand environmental change. This approach to determining safety minimizes the chances of releasing a dangerous product but may inhibit...
Zeta Department Store has developed the following information in order to develop a TDABC model for...
Zeta Department Store has developed the following information in order to develop a TDABC model for its accounts receivable department: Activity Estimated worker time to perform activity manual processing of invoice and cash receipt 1.0 hour electronic processing of invoice and electronic funds transfer 0.1 hour maintain customer file 0.5 hour The time to process payments of customer invoices depends on whether the customer pays the bill manually or electronically, as shown above. The time to maintain each customer file...
[The following information applies to the questions displayed below.] Raleigh Department Store uses the conventional retail...
[The following information applies to the questions displayed below.] Raleigh Department Store uses the conventional retail method for the year ended December 31, 2019. Available information follows: The inventory at January 1, 2019, had a retail value of $45,000 and a cost of $27,500 based on the conventional retail method. Transactions during 2019 were as follows: Cost Retail Gross purchases $ 282,000 $ 490,000 Purchase returns 6,500 10,000 Purchase discounts 5,000 Sales 492,000 Sales returns 5,000 Employee discounts 3,000 Freight-in...
Dils Brother Department Store prepares budgets quarterly. The following information is available for use in planning...
Dils Brother Department Store prepares budgets quarterly. The following information is available for use in planning the second quarter budgets for 2017. Dils Brother Department Store Balance Sheet March 31, 2017 Assets    Liabilities and Stockholders' Equity Cash $ 4,000    Accounts payable $31,000 Accounts receivable 31,000    Dividends payable 15,000 Inventory 36,000    Rent payable 3,000 Prepaid Insurance 3,000    Stockholders' equity 50,000 Fixtures 25,000 Total assets $99,000    Total liabilities and equity $99,000 Actual and forecasted sales for...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT