ACCOUNTING MULTIPLE CHOICE:

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When analyzing short-term business decisions, what are two important factors? A. focus on sunk costs and quantitative data B. focus on relevant costs and use the contribution margin approach O C. focus on costs that do not change under two alternatives and on historic costs O D. focus on qualitative data only and ignore future cash flows Dantone, Inc. provides the following information: Profit margin ratio Asset turnover ratio 3 times Net sales Target rate of return 8% 5% $500,000 Calculate the return on investment. A. 40% B. 3% C, 13% OD, 15% June sales were $35,000, while projected sales for July and August were $54,000 and $60,000, respectively. Sales are 40% cash and 60% credit. All credit sales are collected in the month following the sale. Calculate expected collections for July. OA. $21,000 O B. $21,600 O C. $46,400 O D. $42,600 Which of the following sections of the statement of cash flows include activities that affect current assets and current liabilities on the balance sheet? (Assume the indirect method is used.) O A. the operating activities section O B. the investing activities section C. the financing activities section O D. the non-cash investing and financing