Home / Questions / I have three public financial management questions (1) Under accrual accounting, the follo
I have three public financial management questions
(1) Under accrual accounting, the following are expenses on the operating budget (circle all that apply):
1. Depreciation
2. Debt repayments
3. The acquisition of capital assets
4. Interest
5. Payments to suppliers
(2) Operating budgets may differ from cash budgets due to (circle one):
1. Payment lags
2. Payment leads
3. Receipt lags
4. A and B
5. A, B, and C
(3) A vaccination program has a fixed cost of $1,000 and there are no step-fixed costs. If the variable cost is $1.00 and the variable revenue is $1.50 (circle one):
1. The contribution margin is positive
2. Marginal cost is equal to variable cost
3. The break-even quantity will not change if variable revenue is decreased to $1.25
4. A and B
5. A, B, and C
Nov 07 2017 View more View Less
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