51.Under the direct method, which of the following would not be included in the operating section of the cash flow statement? A. Cash payments for income taxes B. Cash payments to purchase insurance C. Cash payments to purchase long-term equipment D. Cash receipts from customers 52.When using the indirect method to complete the cash flows from operating activities section, what is the […]
153. The Svelte Jeans Company produces two different types of jeans. One is called the “Simple Life” and the other is called the “Fancy Life”. The company sales budget estimates that 350,000 of the Simple Life Jeans and 200,000 of the Fancy Life will be sold during 200x. The Production Budget requires 353,500 units of Simple Life jeans and 196,000 Fancy jeans be manufactured The […]
65.A management concept that seeks to uncover and eliminate waste in all aspects of business activities is called: A.Continuous operations. B.Customer orientation. C.Just-in-time. D.Theory of constraints. E.Total quality management. 66.The model whose goal is to eliminate waste while satisfying the customer and providing a positive return to the company is: A.Just in time manufacturing model. B.Managerial accounting model. C.Corporate social responsibility model. D.Continuous improvement […]
96. A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals: A. $200. B. $1,564. C. $1,568. D. $1,600. E. $1,800. 97. A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, […]
111.Gross profit rate is equal to: A. Net sales divided by gross profit. B. Gross sales divided by gross profit. C. Gross profit divided by net sales. D. Gross profit divided by gross sales. 112.Which of the following inventory valuation methods is only an estimate of actual costs? A. Only the retail method. B. Only the gross profit method. C. Both […]
96.When using the indirect method to calculate and report the net cash provided or used by operating activities, net income is adjusted for all but which of the following? A. Gains and losses from nonoperating items. B. Revenues and expenses that did not provide or use cash. C. Changes in noncurrent assets and noncurrent liabilities. D. Changes in current liabilities related to operating activities. E. Depreciation and amortization expense. […]
82. Accounts receivable from sales transactions were $44,000 at the beginning of the year and $53,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is A. $105,000B. $114,000C. $96,000D. $158,000 […]
21) The flexible-budget variance measures A) what the costs and revenues should have been for the budgeted number of outputs. B) the difference between budgeted expenditures and actual expenditures for the budgeted number of outputs. C) the difference between budgeted and actual variable costs. D) [expected expenditures for the actual number of outputs] + [ the actual expenditures for the actual number of outputs]. […]
41.All of the following are considered cash equivalents except: A. Marketable securities. B. Money market funds. C. Commercial paper. D. Treasury bills. 42.In a statement of cash flows, cash transactions are classified into three major categories. Which of the following is not one of these three categories? A. Managing activities. B. Operating activities. C. Financing activities. D. Investing activities. […]
61. A firm that is currently locating facilities in a large number of other countries in order to capitalize on lower production and distribution costs is at what level of global participation? A. Domestic B. International C. Multinational D. Global International companies become multinational when they build facilities in a number of different countries, attempting to capitalize on lower production and distribution costs in different locations. […]
The company has collected data from its 74 restaurants to track important variables such as average sales per customer, year-on-year sales growth, sales per sq. ft., Loyalty Card usage as a percentage of sales, and others. A key metric of financial performance in the restaurant industry is annual sales per sq. ft. For example, if a 1200 sq. ft. restaurant recorded $2 million in sales last year, then it sold $1,667 per sq. ft.
Executive management wants to know whether the current expansion criteria can be improved. They want to evaluate the effectiveness of the Loyalty Card marketing strategy and identify feasible, actionable opportunities for improvement. As a member of the analytics department, you’ve been assigned the responsibility of conducting a thorough statistical analysis of the company’s available database to answer executive management’s questions.
Report:
Write a 750-word statistical report that includes the following sections:
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