Questions Chapter 1 1. How does managerial accounting differ from financial accounting? The essential difference between managerial accounting and financial accounting is that managerial accounting attends the needs of managers inside the organization‚ while financial accounting serves the needs of those outside the organization. There are also specific guidelines that are used (GAAP/IFRS) in financial accounting and is mandatory whereas there are no guidelines in managerial accounting and is
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5-1A. During the year‚ Plum Company has a SUTA tax rate of 4.8%. The taxable payroll for the year for FUTA and SUTA is $123‚400. Compute: a. Net FUTA tax ............................................... $ 987.20 b. Net SUTA tax ............................................... $ 5‚923.20 c. Total unemployment taxes ............................ $ 6‚910.40 5-2A. Peyton Company’s payroll for the year is $737‚910. Of this amount‚ $472‚120 is for wages paid in excess of $7‚000 to each individual
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learning is essential if you want to go with the flow and not drown in it. Up and ahead is not the only direction to move in an organization. If your sole definition of success is getting promoted or advancing in pay/status/job title‚ then you are not thinking broadly enough. In the new world of work‚ it is important to consider multiple directions in which your career could move and to focus on those moves that help you develop your employability the most. Focus on progress‚ not perfection. Flexibility
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Chapter 1 Cost Accounting: Information for Decision Making Key Concepts 1 Describe the way managers use accounting information to create value in organizations. ♦ Cost accounting helps manages achieve the maximum value for their organizations by providing information for decision making and by measuring the effects of decisions on the value creation of the organizations. ♦ Value chain is the set of activities that transforms raw resources into the goods and services end users purchase
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A business strategy is the means by which it sets out to achieve its desired ends (objectives). It can simply be described as a long-term business planning. Typically a business strategy will cover a period of about 3-5 years (sometimes even longer). A business strategy is concerned with major resource issues e.g. raising the finance to build a new factory or plant. Strategies are also concerned with deciding on what products to allocate major resources to - for example when Coca-Cola launched Pooh
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1. Several types of entities provide financial information to a variety of external users. Our primary focus in this book is on the financial information that profit-oriented companies provide to present and potential investors and to creditors. These profit-oriented companies also provide financial information that is used by financial intermediaries such as financial analysts‚ stockbrokers‚ mutual fund managers‚ and credit rating agencies. Not-for-profit organizations also provide financial
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Strategic change management Marks and Spencer Profile: M&S is well-known for both its quantity basis clothing comes in most colors‚ sizes and styles as well as its quality particularly in the Food Hall‚ where the produce is often considered superior to that in many super markets. M&S is known to a lot of people as Marks & Sparks or M&S‚ is one of the leading retailers with over 600 stores in the UK and over 200 more in 40 other countries. Although perhaps not the most fashionable place to
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1. Many of the institutions and customs that emerged in east Asia during this era persisted until the twentieth century or even the present. Why do you think this is so? Why does there seem to be more continuity in east Asian history than in other parts of the world? Patriarchal Family.Nomadic Threats. Mandate of Heaven. 2. What are the advantages and disadvantages of a form of writing that is pictographic and ideographic (like Chinese) versus one that is alphabetic? Advantages: A single
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[pic] Name : WangChao Student ID : SCKL-00038177 UOG ID : 000749162 Subject : Strategic Management Module code : BUSI 0011 Lecturer : Mr .Vicknesh Course : BA(Hons) Business Management Intake : April 2012 Strategic Management Course Work 2 Introduction:Scandinavian Airlines System (SAS) to provide services to 24 million passengers to and from Europe‚ North America and Asia. The fleet of 200 aircraft formation services to 100
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How does Shakespeare present love and hate in Act 1 scene 1 and Act 1 scene 5? Shakespeare wrote the play of two lovers’‚ Romeo and Juliet. Thought to be‚ one of the greatest‚ tragic love stories of all time‚ however‚ throughout the play‚ Shakespeare contrasts love with hate at every possible moment. The two themes‚ love and hate‚ are like twins separated at birth‚ brought up in different backgrounds‚ a totally different society. Combining these two themes‚ creates curiosity into how ’a pair of
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