Get Saylor BUS105 Exam Practice Questions - Real and Updated

This is select financial statement data for Binks Corporation. What is the inventory turnover ratio for year 2?

Use the statement of cash flows to calculate the free cash flow.

Ladron Candies is analyzing sales and production data for the holiday boxes they produced last year. The company expected to use 2 pounds of direct materials to produce one box of specialty candy at a cost of $3.00 per pound. Invoices show the company purchased 1,650,000 pounds of direct materials at $2.90 per pound and used 1,580,000 pounds in production. They sold 800,000 boxes of candy to retailers. What is the materials quantity variance?

Thompson Dental is deciding between two lease options for a new copier. They anticipate making 22,500 copies spread evenly over the course of the year. Which of the following options should they choose if they want to save the most money on an annual basis, and how much money will they save?

Option 1: Monthly lease: $225, Included copies: 1,500/month, Additional copies: $0.15 per copy

Option 2: Monthly lease: $250, Included copies: 1,800/month, Additional copies: $0.02 per copy

SJ Candles subscribes to a management theory known as management by exception. Which of the following best describes a situation where management by exception would be applied?