Harvard mentor manger -finance essentials post assessment mcqs


1. Which one of the following statements about accrual accounting is incorrect?
a. It is appropriate for the not-for-profit sector
b. Revenues are not deferred
c. Expenses can be deferred
d. It is not appropriate for larger companies
2. Skywire telecommunications equipment company has invested heavily in the past fiscal year to upgrade its manufacturing equipment so that the company can take advantage of newer and more efficient technology. In Skywire’s year-end income statement, the upgrade expenditure is presented as:
a. Cost of goods sold
b. Operating Expense
c. Depreciation Expense
d. Interest Expense
3. Which one of the following would be recorded as a liability on your company’s balance sheet?
a. Wages paid to the staff at the distribution plant
b. Purchase price of the plant’s forklist trucks
c. The inventory at the plant
d. The company’s working capital
4. Gerry is chief financial officer of Worldwide Semiconductor. In reviewing World wide’s latest cash flow projections, he learns that cash is going to be tight. In seeking ways to revamp operations to improve future cash flow, Gerry asks a senior manager to assemble relevant financial reports and statements. Later, he notices that one of the documents sent to him is not appropriate for his requirements. Which item is not useful to him?
a. Information on a division’s inventory
b. Information on all equipment purchases
c. Profit-and-loss statement
d. Information on stock issues and dividends
5. Geordie is head of operations for a bulk-food and consumer-goods retail company. When he returns to work from a vacation, he wants to acquaint himself with the company’s current financial; position. Which financial statement should Geordie look at?
a. Income Statement
b. Cash flow statement
c. Balance Sheet
d. SWOT analysis
6. James is North American sales director for a warehpuse-style clothing and office-supply retailer. James relies on the fast sales of his limited number of products to maintain his low prices and sustain a healthy cash flow. Which of the following operating ratios is most useful to James?
a. Asset turnover
b. Days inventory
c. Days Payables
d. Quick ratio
7. A retreat of departmental managers to sort out conflicts that arise from competition over limited resources could occur as part of…
a. Bottom-up budgeting
b. SWOT analysis
c. Top-down budgeting
d. Valuation
8. Which of the following scenarios illustrates a best practice for preparing a budget?
a. Derek is research manager for Global Discoveries. In preparing his department’s budget, Derek finds it useful to work in the evening, free of distracting interactions with colleagues.
b. Bonnie has a filed entitles “Budget Diary.” Where she stores paperwork pertaining to her budget deliberations and assumptions
c. Ira plans to boost sales by reducing the retail price to its lowest level ever. Beacause the new price is substantially lower than last year’s, Ira decides not to base his budgetary assumptions and scenario’s on last year’s sales results.
d. In order to develop sound budgetary assumptions and projections, Wolfgang, a senior production manager at Mississauga Advertising, relies on his own extensive industry knowledge rather than depending on input from less experienced workers and subordinates.
9. The facility manager of Grand Auto Manufacturing is considering re-equipping the New Jersey assembly plant. The $90 million cost will produce an annual savings of $15 million over the eight-year expected lifetime of the machines. What is the payback period?
a. Two years
b. Three years
c. Six years
d. Nine years
10. When you evaluate a potential investment you need to get a more realistic picture of the anticipated benefits. Which of the following would you use to calculate the time value of money?
a. Payback period
b. Net present value
c. Return on investment
d. Cost/benefit analysis
11. As chief executive officer of Giant Chemical Corp., Manfred is contemplating acquiring a company that manufactures artificial he art valves and hip joints. To reach his decision, Manfred undertakes a breakeven analysis. Which of the following determinations represents the contribution portion of his analysis?
a. Money that can be used to pay the fixed costs.
b. Costs that are in dependent of product sales
c. Opportunity Cost
d. Variable costs
12. As a financial officer with an aircraft manufacturer, Rob begins tracking the financial performance of a new model of business jet. He notes an increase in equipment failure on the new assembly line in March. When the situation has not improved by June, Rob redirects funds available for other assembly lines towards the new jet’s assembly line. When Rob issues the next quarterly budget in September showing a decrease in expected performance of the new assembly line, senior managers express concerns. What is the likely reason behind senior management’s reaction? Rob failed to…
a. Ascertain whether the line problem was an aberration or a long-term issue.
b. Readjust his budget in light of new information.
c. Communicate with upper management
d. Regularly reassess the budget forecast

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Good job.
Customer 456823, April 2nd, 2022
Business and administrative studies
Great effort.
Customer 458115, May 2nd, 2022
English 101
Good job.
Customer 462899, April 26th, 2022
The writer followed all instructions and superseded my expectations!!! This paper was beautifully written and I am thoroughly impressed!! Thank you to the writer for doing a phenomenal job and thank you to customer service for ensuring I received a quality paper.
Customer 452455, May 5th, 2023
Computer science
Didn't find until the last minute that I needed to pay extra money for an extra page, which caused my stuff to be turned in late...
Customer 452515, March 25th, 2020
Thank you for following and revising all the comments. Keep it up
Customer 463249, February 28th, 2023
project management
thank you
Customer 462327, November 16th, 2022
Business Studies
Good Job. Thanks
Customer 453413, April 29th, 2020
paper was not completed by due date
Customer 454371, May 25th, 2020
Good job
Customer 456821, November 2nd, 2022
Good work.
Customer 455119, May 27th, 2022
The paper was beautifully written and exceeded my expectations. John was really helpful in ensuring that the files were attached to the order when I had issues attaching them. Thank you to the tutor and John. I was really excited that I received my paper ahead of time!
Customer 452455, March 28th, 2023
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat