University Of Arizona ATMO 005 Quiz 10 1)Which of the following would be reported as a cash outflow from a financing activity on a cash budget? Sale of inventory Purchase of equipment Payment of a long-term loan Purchase of inventory Sale of equipment   2

University Of Arizona

ATMO 005

Quiz 10

1)Which of the following would be reported as a cash outflow from a financing activity on a cash budget?

Sale of inventory Purchase of equipment

Payment of a long-term loan

Purchase of inventory

Sale of equipment

2. Which of the following types of costs should be the easiest to budget?

Variable

Fixed

Mixed

3. Ending inventory for January was 20 units and the company wants budgeted ending inventory to be 20% of the following month’s forecasted sales after that. What dollar amount would the company report for ending inventory its budgeted balance sheet for March?

4. Which budget has the fewest number of estimates?

Purchases budget

Sales budget

Income statement budget

Balance sheet budget Cash budget

5. For the brand your Marketplace company (i.e. the class team) designed in class (the one you will actually sell and not the “draft” design), what is the total cost of direct materials per unit?