New Look Jacket Inc Assignment 12 February 2014 1. Analysis a Business Issue. Introduction New Look Jacket Inc. (NLJ) specializes in the production of Nylon Jackets and Leather Jackets. The company delivers successful financial records at the end of the 2012 fiscal year with the net income of $ 417‚100‚ which is $170‚850 greater than the net income budgeted for the 2012 fiscal year despite that the company operations goes through some turmoil. A more detail variance shows that the
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New Look Jacket Inc. Memorandum Date: April 11‚ 2013 To: CEO From: Controller Subject: Variance Analysis for 2012 Introduction New Look Jackets Inc. (NLJ) is a well-established manufacturing company that makes leather and nylon jackets. The company has many long standing customers due to their excellent service and quality of products. In 2012‚ they had some difficulty with quality and filling orders on time due to the increase of demand to the leather jackets. A variance analysis has
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Candidate Subject: New Look Jackets Variance Analyses and Draft Operating Budget Introduction The following report explains the significance and reasons for the variances in New Look Jacket’s 2012 detailed variance report and provides a draft operating budget for 2013. Analysis of Variances The sales price variance is zero‚ meaning the average price New Look Jackets sold products was the same as the budgeted sales price. The sales mix variance is unfavourable for Nylon Jackets and favourable
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Sample CMA Entrance Examination — 2000 CFX TECHNOLOGIES INC. BACKGROUNDER INTRODUCTION CFX Technologies Inc. (CFX) was established recently as a holding company to oversee the activities of Rubicon Inc. and Customplex Inc.‚ two related high-technology companies which have a September 30 year end. Ted Wismer holds 70% of the CFX stock through Wismer Investments Inc.‚ while Putnam Investment Corporation Inc. and Salinger Investment Corporation Inc.‚ two venture capital companies‚ each hold
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CMA T7SBQ1 Pinafore Ltd manufactures and sells a single product. The budgeted profit statement for this month‚ which has been prepared using marginal costing principles‚ is as follows (a) Prepare in full a budgeted profit statement for this month using absorption costing principles. Assume that fixed production overhead costs are absorbed using the normal level of activity. (b) Prepare a statement that reconciles the net profit calculated in (a) with the net profit using marginal costing.
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Introduction The purpose of this reference material is to assist you in reviewing your technical knowledge of selected topics listed in the CMA Entrance Examination Syllabus. The questions illustrate the range in type and depth of knowledge that may be tested in CMA Entrance Examination questions‚ but they do not represent simulations of the style and composition of CMA Entrance Examination questions. This material contains a selection of problems and cases as well as their solutions‚ most of which focus
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CMA PROGRAM Edsa Shangrila‚ Mandaluyong City TAYLOR CORPORATION (A case study in Strategic Objectives) SUBMITTED BY: GENERATION M. I. Prepared by: Belen‚ Rhean C. Members: Agulan‚ Jona Shane Alcazar‚ Crizelda Chan‚ Gwendolyn Larcena‚ Andrew Garces‚ Racquel Salamat‚ Arlenie Yee‚ Winston 9-May-15 Over-all Given: Investment : $ 500‚000.00 Market Share: 20 % Current Operational Cash - Based Revenue & Cost Current Sales @ $ 100 per units $ 1‚000‚000.00 Less: Volume- related variable cost (500‚000
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MODULE 3‚ ASSIGNMENT 3 December 19‚ 2013 Topic: Financial Reporting for Not-for-Profit Organizations Overview Not-for-profit organizations have their own set of unique issues that are not prevalent in the for-profit organizations. For example‚ many not-for-profits do not offer a product or service for which forecasted revenues can be made (e.g. charities‚ environmental organizers‚ humanitarian aid‚ health care‚ religion‚ the arts‚ animal protection‚ etc.). The extent to which it can
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CMA DEFINITIONS-PART2: Why to look at financial statements? • It helps to analyze trends in data and operating results. • Trends are important because they may point to basic changes in the nature of the business. • With the use of ratios they help to evaluate a company’s past performance and are useful in projecting its financial future and also reflects a company’s performance compared to industry averages. Why ratios advantageous? • Measurement of economic events and transactions and
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Solution for New Wood Inc CMA Case. To assume role of Chris Mell‚ CMA‚ and prepare a report for the President and CEO Andrew Mayd. This report will advise him on how to address issues facing organization and items discussed at the management meeting. Executive Summary GR Hotels Mission is to provide clean‚ comfortable rooms‚ good quality services to business and pleasure travelers in Toronto and Montreal at competitive prices. The Vision is to be the hotels of choice for travelers in Canadian
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