Scribd Logo
Upload

Welcome to Scribd!

  • 41 views

    MS 3412-8

    Uploaded by

    CPA
    Tesoro Company's financial results for June are presented. Budgeted sales were 10,000 units but actual sales were only 9,700 units. [1] The sales price variance was P1,100 unfavorable. [2] The sales volume variance was P1,100 unfavorable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    MS 3412-8

    Uploaded by

    CPA
    41 views1 page
    Tesoro Company's financial results for June are presented. Budgeted sales were 10,000 units but actual sales were only 9,700 units. [1] The sales price variance was P1,100 unfavorable. [2] The sales volume variance was P1,100 unfavorable.

    Original Description:

    MAS

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Tesoro Company's financial results for June are presented. Budgeted sales were 10,000 units but actual sales were only 9,700 units. [1] The sales price variance was P1,100 unfavorable. [2] The sales volume variance was P1,100 unfavorable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    41 views1 page

    MS 3412-8

    Uploaded by

    CPA
    Tesoro Company's financial results for June are presented. Budgeted sales were 10,000 units but actual sales were only 9,700 units. [1] The sales price variance was P1,100 unfavorable. [2] The sales volume variance was P1,100 unfavorable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 1

    '7?

    "*
    R"2&- K,-;^,, *d"oot al A.,*-,,,1^*-7 MAS-12
    FiNANCIAL STATEM ENT ANALYSIS

    Items 3G and.3H_are ba$qd on the fqLlo.rgtng$fprmgtiqn


    Tesoro Company had the following results in June:

    sares
    Variable costs
    Httro ffioo
    401000 ___18_fg!*
    Contribution margin e.3,"0.,p"e0 p*?g,{$g

    h Budgeted sales were 10,000 units, actual sales were g,700 units.
    D 3G) What is the sates price variance?
    a. P l,l00 unfavorable c. P 900 unfavorable
    b. P 1,000 favorable d. P 400 favorable

    c 3H) What is the sales volunre variance?


    a. P 1,100 unfavorable c. P 900 unfavorable
    b. P 1,000 favorable d. P 400 favorable

    urRAp- ur EX E&qIsEs_{t!.ulue-E-eualEil
    1. In a single-period common-size incorrre statement, what is normally tlre base amount (100o/o)?
    h a. Net sales c. Net credit sales
    b, Gross sales d. Gross credit sales
    2. In financial statement analysis, expressinq all financial statenlent items as a percentage of base-year:
    amounts is called a

    a. Ratio analysis c. Horizontal analysis


    b. Vertical analysis d. Cash flow analysis
    n '"-'l'li
    L- 3. Which one of the following would NOT-he considered a liguidtv r*B?" '' t'{;t;'t
    /
    a. Quick ratio c. Betulfi'-on assets
    b. Current ratio d. Inventory turnover
    .'t 4, How are trade receivables used in the calculggg6-El$-}4cir,j,-teslultieji4d_12) ."ceivatrle turnover?
    v a- (ri Denomrnator {2J oEnt-ffia't6f*--il- rrirrrumerator- (-ij Numerator
    b. (1) Numerator (2) Denorninator d. (1) Not used (2) Numerator
    Which ratio is most helpful in appraisi ng prcfitabiJltt?
    V5 a. Debt ratio r c. Dividend payout
    b. Acid-test ratio d. Return on assets
    fl6 Which of the following ratios is most relevant to evaluating Sgft@gi?
    a. Debt ratio c. Returrr on assets
    b. Dividend yield cJ. Days,purchase in accounts payabld
    How is the diglgncl,pel.BI9berng used in the calculation of the following ratios?
    ?7 Qividpnd P-Y:F-u! pividerd-[9!( plqsEe-ro[rse*Bat-a
    a. Not used Numerator Numerator
    b. Numerator Denonrinator Not used
    c. Numerator Not used Numerator
    d. Numerator Numerator Not used
    Dividend yield x ppice-earninSs ratio =
    DB a. Dividend per share c, Earnings per share
    b. Market price per share d. Dividend payout ratio

    t;, Return on sales x assets turnover =


    a. Return on equity c. Equity multiplier
    b. Return on assets d. Equity ratio

    When a balance sheet amount is related to an incorne statement amount in cornputing a financial ratio
    b10 (e.9., turnover),
    a' The income statement amount should be r:clnverte<J to an average for the year
    b. The balance sheet amount should be converted to an average for the year
    c. Comparisons with industry ratios are not meaningful
    d. Both amounts should be converted to market valLre

    Page8oI8pages

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy