Atlas Manufacturing Is Closing the Year 2012

question 97

Multiple Choice

Atlas Manufacturing is closing the year 2012. Atlas uses standard costing methodology in its accounting system and for internal performance reporting. Atlas's ending balances are shown here: Using the standard costing system, how much is Net operating income?

• A)$8,780
• B)$6,290
• C)$7,100
• D)$7,530

Calculate the cash payback period and its relevance in evaluating investment opportunities.

Determine the best payback period among multiple investment options.

Calculate and interpret the expected average rate of return for investments.

Use present value indexing to rank investment proposals with different investment amounts.

---

Definitions:

Data Collection

The process of gathering and measuring information on targeted variables to answer relevant questions and evaluate outcomes.

Specific Examples

Specific examples refer to particular instances or cases that are used to illustrate a broader concept or to provide evidence for a claim.

ACA Code of Ethics

A set of guidelines and ethical standards designed to guide the professional conduct of counselors, established by the American Counseling Association.

Ethical Behavior

Conduct that is consistent with what society, individuals, or professions consider to be good values or moral principles.