CA 1-4: (a) Differentiate between Financial Accounting and Managerial Accounting. While financial accounting is the process that culminates in the preparation of financial reports on the enterprise for use by both internal (as managers) and external parties (as investors‚ creditors‚ unions‚ and government agencies)‚ managerial accounting is the process of identifying‚ measuring‚ analyzing‚ and communicating financial information needed by management to plan‚ control‚ and evaluate a company’s operations
Premium Financial statements Balance sheet Annual report
CHAPTER 10 QUIZ 1. A mixed cost function has a constant component of $20‚000. If the total cost is $60‚000 and the independent variable has the value 200‚ what is the value of the slope coefficient? a. $200 b. $400 c. $600 d. $40‚000 2. [CMA Adapted] Of the following methods‚ the one that would not be appropriate for analyzing how a specific cost behaves is a. the scattergraph method. b. the industrial engineering approach. c. linear programming. d. statistical regression analysis.
Premium Costs Cost Economics
17‚ 18‚ and 19 Study Guide 12/5/12 1. The presidents from these chapters (list on the back of your Chapter 19 outline) a. Harrison (1841) – died after 4 weeks in office; elected from the Whig party because leader Henry Clay and Daniel Webster planned on controlling his presidential power. b. Tyler- not a Whig more of a democrat; passed a law ending the independent treasury system‚ c. Polk- four point mission: lower the tariff‚ restore the independent treasury‚ clear up Oregon border issue‚
Premium Slavery in the United States Compromise of 1850 American Civil War
Chapter 4 HW: pg 125 #8 & #18 8. “Members of a society borrow from other cultures to solve problems that they face in common.” What does this mean? What is the significance to marketing? Because different cultures experience different events and hold different values‚ they provide a unique perspective towards a variety of problems. They may view a problem differently and provide insight that would be new to those from other cultures. An example would be “kaizen”. It is a Japanese word that essentially
Premium Corporation Multinational corporation Culture
Chapter 18: The Rise of Russia Ivan III- He was a Grand Prince of Moscow‚ also referred to as the “gatherer of the Russian lands”. Boyars- They originally obtained influence and government posts through their military support of the Kievan princes. Romanov Dynasty- Rulers of Russia from 1613 to 1917. The name derived from Roman Yurev. Peter I the Great- Peter the Great was born in 1672 and he died in 1725. Peter was tsar of Russia from 1682 to 1725. His self-given title was Peter the Great
Premium Russia Russian Empire Moscow
Chapter 1 Managerial Accounting: Tools for Decision Making Discussion QUESTIONS Q1-1. Financial accounting is oriented toward external users and is concerned with general-purpose financial statements. These financial accounting statements are highly aggregated‚ report on relatively long time periods‚ are oriented toward the past‚ and must conform to external standards. These standards emphasize the use of objective data. Management accounting is oriented toward internal users and is
Premium Management accounting Costs Cost
Introduction Cost accounting is an integral part of estimating a new construction project and estimating a project’s cost is the most important step of all. Estimating project costs is even mentioned in the Holy Bible: "Suppose one of you wants to build a tower. Don ’t you sit down and estimate the cost‚ to see if you have enough capital to complete it? If you don ’t‚ then when you have laid the foundation but can ’t finish‚ all the onlookers start making fun of you and say‚ `This is the man
Premium Costs Cost Project management
1. How does the volume of blood in your body compare to the volume of fluid in a two liter bottle? In the average sized male adult the blood volume is 5 to 6 liters and it is 4-5 liters in the average sized female adult. 2. What is the significance of a lower than normal hematocrit? A higher than normal hematocrit? What might be the effect of a bacterial infection on the hematocrit? Having a low hematocrit causes anemia‚ feeling of fatigue‚ dizziness etc. It is treated with iron supplements or
Premium Immune system Blood Red blood cell
labour-hour. Variable marketing costs are driven by the number of sales visits. However‚ there are no sales visits during the months studied. Slopes‚ also incurred fixed manufacturing overhead costs of $5‚500 per month and fixed non-manufacturing overhead costs of $2‚500 per month. Projected Sales: January 80 units April 100 units February 120 units May 60 units March 200 units June 40 units Direct Materials and Direct Manufacturing Labour Utilisation and Cost Unit per Board Price
Premium Cost Variable cost Costs
DM 5 DL 4 VMO 3 Cost per unit = 12 $ EIV = 12 * 5000 = 60‚000 E-13 Difference 3.6 * 5000 = 18‚000 And 78‚000 – 60‚000 = 18‚000 E-14 CGS sold = 45000(sold) * 15.60 = 702‚000 E15 12 * 45000 = 540‚000 E16 Sales = 30 * 45‚000 = 1‚350‚000 CGS 702‚000 CM 648‚000 Less S & admin. 160‚000 Net income 488‚000 E17 Sales = 30 * 45‚000 = 1‚350‚000 Less var. CGS 12*45000 540‚000 CM 810‚000 less fixed costs: FMO 180‚000
Premium Costs Variable cost Cost