1. Basic Concepts Product cost = Direct Labor (DL) + Direct Materials (DM) + Manufacturing Overhead (MOH) Financial accounting Managerial Accounting + Sales + Sales - COGS - Variable Costs = Gross Profit = Contribution Margin - SG&A - Fixed Costs = Net Profit = Net Profit COGS (Cost of Goods Sold) is an “inventoriable cost” ( recorded in the Balance Sheet as inventory and expensed (Income Statement) when goods are sold SG&A (Selling‚ General & Administrative) are
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ACT 5733 – Advanced Managerial Accounting Fall 2012 HW #3 Question #1 Consider the following potential investment‚ which has the same risk as the firm’s other projects: Time Cash Flow 0 -$95‚000 1 $20‚000 2 $24‚000 3 $24‚000 4 $24‚000 5 $24‚000 6 $32‚000 a) What are the investment’s payback period‚ IRR‚ and NPV‚ assuming the firm’s WACC is 10%. b) If the firm requires a payback period of less than 5 years‚ should this project be accepted? Answer: Yes it should accept
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Managerial Accounting Reality Check Summaries Professor Shin Hee-Lim Shin 1001006 Reality Check – What’s your blog’s ROI? Summary ROI has been always one of the important factors to determine how profitable the business is doing. However‚ for until last few decades‚ ROI was only implementing to evaluate the hard assets like buildings and equipment. But in nowadays‚ many companies are using ROI to evaluate the investment in technology‚ such as blog. As a following example‚ it shows that
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is: Analysis Period amount/Base Period Amount x100 9. One of several ratios that reflects solvency includes the: Debt-to-equity ratio 10. Current assets divided by current liabilities is the: Current Ration 11. Ch.18 Managerial accounting is different from financial accounting in that: (users and decision makers‚ purpose of info‚ flexibility of practice‚ timeliness of information‚ time decision‚ focus of information‚ nature of information) 12. Which of the following items are management concepts
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References: Edmonds‚ T.P.‚ Tsay B.‚ & Olds‚ P.R. (2011). Fundamental Managerial Accounting Concepts. New York‚ NY: McGraw-Hill Itrwin.
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Managerial Ethics In today’s modern business environment‚ behaving in an ethical responsible manner is more and more appealing to organizations who are paying more attention to ethics engages in ethical business. Practice may be connected to customers and establishing a stronger business position. Therefore‚ the purpose of this essay is to discuss what ethics are as they apply to organizations‚ and how to encourage moral environments within organizations. To answer this question‚ the essay will
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Managerial Ethics Personal Learning Paper This paper is a summary of my understanding of how ethics has helped base my belief system on a personal level as well as in the workplace as a professional. The learning process is perpetual and the recent class on Managerial ethics has given me new insightson how I can still hold onto my own values while remaining respectful to those whovalue different ethical perspectives.Ethics can be defined as a philosophical study of moral values based on the
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partners as well. In terms of operations‚ business enterprise runs smooth given the cross-functional systems. This saves times and dramatically improves the efficiency of total operation. it can act strategically #3. Which of the 13 tools for accounting information systems summarized in Figure 7.18 do you feel are essential for any business to have today? Which of them do you feel are optional‚ depending on the type of business or other factor? Explain. Essential : 1) Sales Order Processing-
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Introduction: "Ethics is the code of moral values and principles that governs the behaviors of a person with respect to what is right or wrong (Burke)". Ethics sets standards on what is good or bad in a person’s behavior or decisions making. In addition it deals with internal values that are a part of the company’s culture and their employees. An ethical issue is found in a case that the actions of a person or an organization may harm others. "Managerial ethics help to guide decision making and
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Managerial Ethics How does a manager supervise ethics in the workplace in today’s business environment? What benefits will come of it for leaders and managers? Should a manager/supervisor be concerned with both moral and practical ethics in the work environment? How does a manager “learn” to manage workplace ethical behavior? Is it from examples that managers become better at managing ethics in the workplace? I think that would be a hard lesson learned. If you have read the headlines lately
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