SOLVED

21) Aggregate planning: A) determines the projected financial statements. B) compares the sales plan with the demand forecast. C) assesses the feasibility of the proposed production plan. D) provides a detailed production schedule for all product lines. 22) Discretionary expenditures: A) are usually planned for first. B) are amounts paid for the use of flexible resources. C) are not determined by the organization’s level of production. D) increase in amount during periods of greater activity. 23) ________ summarizes expenditures for advertising and research and development. A) The labor hiring and training plan B) The production plan C) The administrative and discretionary spending plan D) The aggregate plan 24) All of the following are true regarding the labor hiring and training plan EXCEPT that it: A) may include retraining plans to redeploy employees to other parts of the organization. B) determines discretionary spending for research and development. C) works backward from the date when personnel are needed. D) can include plans for both expansion and contraction. 25) Financial analysts use the expected cash flow statement to do all of the following EXCEPT: A) plan for when excess cash is generated. B) plan for short-term cash investments. C) project cash shortages and plan a strategy to deal with the shortages. D) project sales. 26) The expected cash flow statement does NOT include: A) cash inflows from the collection of receivables. B) cash outflows paid toward committed resources. C) all sales revenues. D) interest paid and collected. 27) The financing section of the expected cash flow statement includes: A) cash flows from retail sales. B) dividends paid. C) amounts paid for advertising costs. D) cash outflows for asset acquisitions. 28) The production for July is projected to be: A) 300 units. B) 900 units. C) 1,050 units. D) 1,500 units. 29) The number of dealer units that will be produced and sold in September is: A) 900 units. B) 1,050 units. C) 1,500 units. D) 600 units. 30) Painting capacity appears to be: A) short-term capacity. B) intermediate-term capacity. C) long-term capacity. D) total demand.