1.If a project's net present value is positive, the internal rate of return is:

less than the discount rate.

equal to the discount rate.

greater than the discount rate.

cannot be determined without more information.

None of the answer choices is correct.

2.If a project's net present value is negative, the internal rate of return is:

less than the discount rate.

equal to the discount rate.

greater than the discount rate.

cannot be determined without more information.

3.An operating budget is used to communicate plans to:

Customers.

Employees.

Shareholders.

Suppliers.

All of the answer choices are correct.

4.Which of the following best describes a master budget?

An estimate of cash expenditures for long-term assets.

An estimate of all operating costs other than production.

A long-term budget that focuses on the daily operations of the organization.

A series of budget schedules outlining the organization's plans for the upcoming period.

None of the answer choices is correct.

5.What is the correct order in which the following budget schedules are prepared? 1. Direct materials purchases 2. Sales 3. Direct labor 4. Production 5. Manufacturing overhead

Group of answer choices

2,4,1,3,5

4,2,1,3,5

2,3,1,4,5

4,1,5,3,2

None of the answer choices is correct.