field. A manager may have technical skills in a specialized field such as accounting‚ finance‚ computer science… etc. for example‚ an account payable manager must be proficient in accounting rules and procedures so that he can resolve problems and answer questions related to accounting. Human Skills Human skill is the ability to understand‚ alter‚ lead and control the behaviour of other individuals and groups. It is the ability to work well with other people both individually and in a group.
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Good” determines what the company is striving for. One of the main aim of LG Electronics is ensuring to make the dgigtal life better for its customers. Eco- Friendly “Life’s Good- When It’s Green”- this is a program of LG Electronics which includes two parts of procedures: pre- production and post-production. In thir vision‚ it is estimated that 15‚ 000 tons of pre-production and 30‚ 000‚000 tons of post-production stages of green gases should be reduced as their target in the near future. LG’s 47LW5500-ZE
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costs. This can be tied to the changes in operations done by ACF. At the end of the 1988 model year‚ oil pans and muffler-exhaust systems were outsourced from the ACF. This resulted in a loss of 60 labor jobs and 30 indirect jobs. 2. Consider two products in the same product line: | Product 1 | Product 2 | Expected Selling Price | $62 | $54 | Standard Material Cost | $16 | $27 | Standard Labor Cost | $6 | $3 | Calculate the expected gross margin as a percentage of selling price
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ANSWERS TO QUESTIONS 1. Sustainable income is defined as the most likely level of income to be obtained in the future. It is the amount of regular income that a company can expect to earn from its normal operations. In order to distinguish a company’s net income from its sustainable income‚ irregular items‚ such as a once-in-a lifetime gain or discontinued operations‚ are reported separately on the income statement. 2. Items (a)‚ (d)‚ and (g) are extraordinary items; item (h) is debatable
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PRINCIPLES OF MANAGERIAL FINANCE TWELFTH EDITION LAWRENCE J. GITMAN SAN DIEGO STATE UNIVERSITY PEARSON Prentice Hall Boston San Francisco New York London Toronto Sydney Tokyo Singapore Madrid Mexico City Munich Paris Cape Town Hong Kong Montreal Contents Preface xxxi Revised Content xxxiii Supplements to the Twelfth Edition Acknowledgments To the Student xxxvii xl xliii Part One Introduction to Managerial Finance 1 Chapter 1 The Role and Environment of Managerial Finance page 2
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MOUNT SAINT VINCENT UNIVERSITY Halifax‚ Nova Scotia Department of Business & Tourism Business 3320 (All sections) Managerial Accounting I Course Outline Fall 2013 Welcome to BUSI3320 Managerial Accounting Why study Managerial Accounting? As a manager (current or future) you will need accounting information to help you make decisions that will enhance your organization. You will learn how to develop and apply this information in the real world. Hopefully you will learn critical thinking skills
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The two-wheeler market in India is the biggest contributor to the automobile industry with a size of Rs.100‚000 million. The two-wheeler market in India comprises of 3 types of vehicles‚ namely motorcycles‚ scooters‚ and mopeds. Foreign collaborations have been playing a major role in the growth of the Indian two-wheeler market‚ and most of them are Japanese firms. The modern two-wheeler firms in India have been manufacturing new categories of two wheelers such as Step Thrus and Scooterettes.
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The Answer by Karl Nemsow Voyager1 sails through deep space all alone. It has been on its journey since 1977 sending back glimpses of the solar system to help humankind find some answers. One of the greatest questions asked by humankind is what‚ or who‚ else might exist out in our grandiose cosmos. A cosmos 13.7 billion years old‚ which is so massive that it is incomprehensible to the human mind. Dr Vince Hawking tried to comprehend such concepts every single day. It made him wonder if
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Q1: There are two different types of cost accounting systems: Job order cost systems and process cost systems. How does management decide whether to use a job order cost system or a process cost system in any given manufacturing situation? Explain. Job order cost system is used in situations where many different products are produced each period. For example‚ a Levi Strauss clothing factory would typically make many different types of jeans for both men and women during a month. A particular order
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little thought accept this but only as theory. Either way‚ a do-nothing approach as we saw it in The Managerial Imperative is persuasive. The waste in business and government is staggering. Plenty of analysis but often no meaningful plan. We have modeled the world to death on many irrelevant issues. What is the point? It is two-fold: one‚ planning fascinates many employees over and over again; and two‚ some people have gone from the do-nothing theory to doing too much too fast without necessarily solving
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