Managerial accounting is needed by which type of company? A) Manufacturers B) Retailers

Managerial accounting is needed by which type of company? A) Manufacturers B) Retailers

 Managerial accounting is needed by which type of company?

A) Manufacturers

B) Retailers

C) Service

D) All of the above

42) Which services are CA firms allowed to provide to audit clients?

A) Bookkeeping

B) Consulting

C) Information systems design

D) Tax preparation

43) Exchanging information to reduce costs, speed delivery, and improve quality is the definition of:

A) ERP.

B) JIT.

C) Supply-chain management.

D) TQM.

44) The philosophy that centers on production as needed is known as:

A) ERP.

B) JIT.

C) Supply-chain management.

D) TQM.

45) The philosophy of providing superior goods and services is:

A) ERP.

B) JIT.

C) Supply-chain management.

D) TQM.

46) Wonder Company is considering installing an ERP system. To make a good decision, Wonder needs to conduct a(n):

A) JIT survey.

B) TQM survey.

C) ISO 9001:2000 survey.

D) cost-benefit analysis.

47) Which of the following would have little effect on a cost-benefit analysis?

A) Constant prices

B) Steadily rising prices

C) Rapidly declining prices

D) None of the above

48) Which of the following is NOT used in a cost-benefit analysis?

A) Future benefits to be received from project

B) Amounts for future costs of project

C) Book value of past investment in equipment

D) Amount needed to invest in project initially

49) Electric Engines Company is considering opening a plant in Brazil. It will cost $4,000,000 to set up the plant and $750,000 to train employees. An additional $80,000 will be spent to build relationships with the local suppliers. The company anticipates gross profit of $4,800,000 from this new plant. Do the benefits outweigh the costs or do the costs outweigh the benefits, and by how much?

A) Costs outweigh benefits by $30,000.

B) Benefits outweigh costs by $30,000.

C) Costs outweigh benefits by $50,000.

D) Benefits outweigh costs by $50,000.

50) New England Furniture Crafters is considering investing in an ERP program. It will have $910,000 in software costs and $280,000 in employee training costs. Computer hardware also needs up be upgraded for the ERP program; the hardware upgrades are expected to be $125,000. The expected benefits from the ERP should be $1,367,000. Do the benefits outweigh the costs or do the costs outweigh the benefits, and by how much?

A) Costs outweigh benefits by $52,000.

B) Benefits outweigh costs by $52,000.

C) Costs outweigh benefits by $177,000 .

D) Benefits outweigh costs by $177,000.