Question 2 (2.5 points) v Saved For budgets to be effective, all of the following must be present except acceptance at all levels of management. O a recent history of profitable operations, sound organizational structure. research and analysis in setting realistic goals. Question 9 (2.5 points) Saved Which one of the following is not needed for preparing a merchandise purchases budget? O Budgeted unit sales O Ending units of merchandising inventory Budgeted amount of raw materials per unit Beginning units of merchandise inventory Question 17 (2.5 points) Saved Last fiscal year Pronghorn Industries had average operating assets of $5,000,000, sales of $2,000,000, and a contribution margin ratio of 30%. Assuming the company's return on investment (ROI) was 10%, how much was the controllable margin? $200K $500K $300K O cannot be determined Question 32 (2.5 points) Saved Bobcat Division of Wildcat Company's operating results include: controllable margin $400,000; sales $4,400,000; and operating assets $1,600,000. The Bobcat Division's ROI is 25%. Management is considering a project with sales of $200,000, variable expenses of $120,000, traceable fixed costs of $80,000; and an asset investment of $300,000. Should management accept this new project? Yes, since ROI will increase. O No, since a loss will be incurred. O No, since ROI will be lowered. Yes, since additional sales always mean more customers