Exam 9: Control Processes and Systems

Calculate assets turnover for a car manufacturing company from the following information: Sales = $600,000 Land and building = $110,000 Cash at bank = $50,000 Inventories = $40,000

_____ is also known as normative control.

Calculate the need for action from the following information: Desired performance = 800 work units Actual performance = 580 work units

A Gantt chart differs from a PERT chart in that a Gantt chart:

Which of the following is the formula to measure debt ratio?

The function of steering control is to _____.

Leverage differs from profitability in that leverage measures:

Which of the following is the formula for calculating breakeven point?

The feedback provided by the control process about mistakes already made may not be able to correct them,but it can help improve things in the future.

Inventory turnover is calculated as Sales/Total Assets.

Calculate net margin from the following information. Sales $250,000 Net Income $100,000

Calculate the quick ratio from the following information of a manufacturing firm. Cash in hand = $200,000 Cash at bank = $100,000 Inventories = $100,000. Current Liabilities = $100,000

In the context of financial controls,which of the following best describes leverage?

Which of the following is true of controlling?

Calculate the debt ratio from the following information. Land and building = $500,000 Machinery = $300,000 Cash in hand = $400,000 Total debts = $300,000

Calculate owner's equity from the following information: Expenses $700,000 Return on equity 40% Total Assets $2,050,000 Sales $1,500,000

In the context of the control process,which of the following statements is true about measuring actual performance?

CPM/PERT graphically displays the scheduling of tasks required to complete a project.

Acid Test = _____

Which of the following is the control equation?