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NEW QUESTION: 1
Which of the following are substantive purposes for conducting post-audit procedures in capital budgeting situations? Choose the best answer.
I. Improving forecasts
II. Shifts in the Security Market Line
III. Improving operations
IV. Controlling management
V. Adhering to Bond Covenants
VII. Ensuring adherence to governmental guidelines for performance presentation
A. I, V, VII, VIII
B. I, III, IV
C. I, III, IV, VIII
D. I, III
E. I, II, III, IV, VII, VIII
F. II, IV, VIII
Answer: D
Explanation:
Explanation/Reference:
Explanation:
An important aspect of the capital budgeting process is the post-audit, which involves comparing actual results with those forecasted and determining why any discrepancies exist. The post-audit process has two main purposes. First, the post-audit process is used to improve the forecasting capacity of the firm.
Second, this process is used to improve the operations of the firm. "Shifts in the Security Market Line" has little to do with the post-audit process. Additionally, remember that aside from AIMR PPS and other suggested performance presentation guidelines, there are no real "guidelines for research and performance presentation." There are certainly no "governmental guidelines" for performance presentation; therefore, answer VII is incorrect.
NEW QUESTION: 2
After you answer a question in this section, you will NOT be able to return to it As a result, these questions will not appear in the review screen.
A company is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budget management You need to create the new budgets.
Solution: Combine budgets from multiple legal entities to a master budget.
Does the solution meet the goal?
A. Yes
B. No
Answer: B
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-overview
NEW QUESTION: 3
In the past few years, the import of cars to Italy increased significantly. In the years 1994 to 2001 the number of imported cars increased by 12% each year. How many cars were imported to Italy in the year
2000?
(1) In 1997, 12,500 cars were imported to Italy.
(2) During the years 1997 to 1999, 42,180 cars total were shipped to Italy.
A. Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.
B. Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.
C. Either statement BY ITSELF is sufficient to answer the question.
D. Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.
E. Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
From the question we know that the number of cars grew by 12% each year.
From (1) we can learn that if in 1997 12,500 cars were shipped then in 1998 (1.12 x 12.500) cars were shipped and so on until 2000. This statement is sufficient.
From (2) we can learn that during a certain period 42,180 cars were shipped, if you define X as the number of cars that were shipped in 1997 then: 42,180 = X + 1.2X + 1.2(1.2X) and so we can find X and anything else we wish to find. Either statement alone is sufficient.
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