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 that
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|No | |D) |No |No | 19. An activity-based costing system that is designed for internal decision-making generally will not conform to generally accepted accounting principles. Which of the following is NOT a reason for this happening? A) Some manufacturing costs (i.e.‚ the costs of idle capacity and organization-sustaining costs) will not be assigned to products. B) Some nonmanufacturing
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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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acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets‚ unadjusted rate of return or return on investment (ROI)) the average annual profit from a project‚ divided by the initial investment accumulation factor the value of (1 r)n used
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Chipotle is a Mexican restaurant that was opened in 1993 with the one goal to serve high quality and tasty food quickly with an experience that exceeded but refined the fast food experience. Chipotle also focus on using the best ingredients‚ and upholding their mission statement “Food with Integrity”. It is important to have all of the above qualities in owning a business‚ but every company has strength and weaknesses‚ which I will be discussing in this paper. I will discuss the strengths of Chipotle
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in need of quick meals‚ gives an opening for fast-food restaurants like Taco Time‚ Chipotle‚ and Taco Del Mar to spot light their greasy-burger-free‚ and sometimes organic‚ menus. In 2010 Chipotle released a commercial called “Scarecrow” showing an animated scarecrow witnessing the cruelness and fraud and of big food corporations‚ and then starting his own organic restaurant‚ which the audience assumes is Chipotle; all to the tune of “Pure Imagination” covered by Fiona Apple. Funny or Die‚ a well
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Managerial Accounting What Does Managerial Accounting Mean? - The process of identifying‚ measuring‚ analyzing‚ interpreting‚ and communicating information for the pursuit of an organization’s goals. This is also known as "cost accounting." - Managerial accounting is used primarily by those within a company or organization. Reports can be generated for any period of time such as daily‚ weekly or monthly. Reports are considered to be "future looking" and have forecasting value to those within
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organization. The main ideas of this internal analysis were discussed well. It was very easy to follow this presentation and seemed to flow really well. I found this presentation interesting when you described the market position that Chipotle has and whom in the market Chipotle competes against. You have mainly described Chipotle’s industry as a Mexican casual industry; thus‚ saying that its competitors are other Mexican restaurants and Mexican fast food restaurants excluding Taco Bell. Therefore‚ specifically
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The Duck With A Dream “Quiet‚ everyone quiet.” Hector‚ the duck with a dream‚ proclaimed as the weekly meeting in Topeka‚ Kansas got very noisy. This meeting was a family meeting that occurred on every Saturday of the week at 2:30. This family had no last name‚ was very poor‚ and they were a very small family because most died in their adventure to South Africa. The survivors that still attend the meeting were Jasper the Dolphin‚ Will the Tortoise‚ Jimmy the Grape‚ and Dollace. “Last night
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costs Current Reimbursement contracts Current External reporting (inventory calculation) Current All the information cannot come from one source. The main accounting system may accumulate current and past costs but for much decision-making and planning‚ estimates of future costs will need to be generated outside of that accounting system. RQ4.3 How common are product costing systems in practice? Why might a business choose to do without a product costing system? L-S‚ T & H‚ page 134. A
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