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 2 years ago
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