CMA Part 1 – Financial Planning‚ Performance‚ & Control Examination Practice Questions © Copyright 2013 Institute of Certified Management Accountants CMA Part 1 – Financial Planning‚ Performance and Control Examination Practice Questions 1. A company is preparing the sales budget for two potential products. Both products require the use of the same manufacturing equipment‚ which is only available for 60 hours each month. The contribution margin of product A is $95 per unit and the contribution
Premium Cost accounting Variable cost Management accounting
ACC 307: Cost Accounting Winter 2013 Practice Problems Chapter 8 Problem 1: Different management levels in Bates‚ Inc.‚ require varying degrees of managerial accounting information. Because of the need to comply with the managers’ requests‚ four different variances for manufacturing overhead are computed each month. The information for the September overhead expenditures is as follows: Budgeted output units 3‚200 units Budgeted fixed manufacturing overhead $20‚000 Budgeted
Premium Cost accounting Cost Costs
Running Head: Current and Noncurrent Assets Paper Current and Noncurrent Assets Paper <Name> ACC/400 – Week One Instructor’s Name: <Name> <Date> Introduction Current and non-current assets are important items to evaluate a balance sheet. The following paper evaluates the meaning and differences between current and non-current assets. In addition to that‚ the paper will describe the order of liquidity and its application in a balance sheet. A company’s balance sheet includes
Premium Balance sheet Asset Accounts receivable
Fair value in financial reporting: problems and pitfalls in practice – a case study analysis of the use of fair valuation at Enron David Gwilliam∗ and Richard H G Jackson School of Business and Economics‚ University of Exeter‚ Streatham Court‚ Rennes Drive‚ Exeter EX4 4PU‚ UK This paper has been accepted for publication in Accounting Forum ____________________________________________________________ ____________ Abstract This paper contributes to the debate on the use of mark to market
Premium Enron Enron scandal Balance sheet
Stephanie McFadden NT1230 Problem Set 1. 1. The general public in the United States will be able to purchase all of the Windows 7 editions in retail stores except starter‚ enterprise‚ and home basic. 2. The core module that provides all of the Windows 7 capability that isn’t language-or edition-specific is called MinWin. 3. When you copy a file to a library‚ Windows Explorer writes the file to the folder designated as the save location. 4. To use federated search‚ you must download or create XML
Free Windows 7 Windows Vista
areas with poor road conditions and dilapidated bridges‚ was not feasible. This prompted him to request from PSC a change to a shorter route Marbel to Dadiangas. Said request for amendment of route was approved in 1964 using 6 units’ regular buses and 1 reserve bus. In April 1971‚ YBL opened the Tacurong to General Santos route via Tantangan and Isulan. Every year thereafter‚ more units were fielded in its authorized lines. As of December 1975‚ YBL had 32 units in operation. Inspite of the presence
Premium Bus Provinces of the Philippines Public transport
Reporting verbs When introducing references[->0] into the text (citing) you should choose suitable ’reporting’ verbs as these can: · strengthen the arguments you are presenting · help the reader understand why the source is relevant. Some verbs are neutral: · Smith describes... · Jones states... · Green defines... Some verbs draw attention to the author’s viewpoint: · Harris argues... · O’Neill disputed... · Jackson conceded... Some verbs give information about the author’s work: · Holmes
Premium Grammatical tense Verb Understanding
Reporting Practices and Ethics Deanna L. Thomas HCS 405 March 8‚ 2015 David Albalat Reporting Practices and Ethics The four elements of financial management are planning‚ controlling‚ organizing and directing‚ and decision making. These four elements will be defined and explained in this paper. Also emphasized will be the accepted accounting principles and the general financial ethical standards. Examples of ethical standards of conduct and financial reporting practices will be explored and
Premium Management Finance Economics
Type the sentence that answers the following questions: a. What sentence is the topic sentence of the paragraph? The first sentence: “A trip to the ocean can be a relaxing escape from the everyday pressures of life.” b. What sentence is unrelated to the topic sentence of the paragraph? The last sentence: “You should always be careful to avoid overexposure to the sun at the beach.” List four things to look for when you’re proofreading. Spelling‚ punctuation‚ capitalization‚ and
Free Writing Writing process Baking
ACC 302 Project 02/28/2013 Ch. 12 a) P&G reported intangibles such as goodwill‚ brands‚ patents and technology‚ and customer relations on its 2009 financial statements and notes. b) Research and development costs were expensed in 2009 for $2‚044 and in 2008 for $2‚212. R&D costs were 2.6% (2‚044/79‚029) of sales revenue in 2009 and 2.7% (2‚212/81‚748) in 2008. In 2009 the R&D costs were 15% (2‚044/13‚436) of net income and 18 %( 2‚212/12‚075) in 2008. (in millions) Ch. 13 a) P&G’s short term
Premium Stock Investment Balance sheet