ASA University Review‚ Vol. 4 No. 1‚ January–June‚ 2010 Management Accounting Practices: A Comparative Analysis of Manufacturing and Service Industries Farjana Yeshmin* Rehana Fowzia* Abstract The study aims to examine the use of the management accounting techniques in manufacturing and service industries of Bangladesh for discharging managerial functions. To achieve this objective‚ 151 organizations from manufacturing and service industries have been surveyed with a structured questionnaire by
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KEY CONCEPTS • managerial economics • theory of the firm • expected value maximization • value of the firm • present value • optimize • satisfice • business profit • normal rate of return • economic profit • profit margin • return on stockholders’ equity • frictional profit theory • monopoly profit theory • innovation profit theory • compensatory profit theory Managers‚ Profits‚ and Markets Chapter 1 How Is Managerial Economics Useful? • Evaluating Choice Alternatives • Identify ways
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SPECIAL TECHNIQUES IN TECHNICAL WRITING What do you mean by technique? It is the skillfulness in the command of fundamentals deriving from practice and familiarity. "Practice greatly improves proficiency" General Technical Writing and Reporting Techniques Beyond clear writing‚ there are a number of special techniques that technical writers employ - here are just three of the basic techniques: 1. The technique of boiling down complex information to a simpler‚ more readable form
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The following essay explains the importance of cost accounting for stakeholders of Multinational Companies‚ particularly the shareholders & the customers. Who are the stakeholders of an organization? according to (Freeman 1984) stakeholder is “any group or individual who can affect or is affected by the achievement of the firm’s objectives” going by this definition stakeholders of a company would include lenders‚ creditors‚ customers‚ shareholders‚ government‚ media‚ political groups‚ local charities
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Exam Results THE FIELD OF ORGANIZATIONAL BEHAVIOR AND HUMAN PER Please print a copy of this evaluation if you wish to retain it for your records. This exam will be available for you to view and print for 30 days only. Student Number Date Graded 06/08/10 Examination 06052900 Grade 75 Document ID 41658789 Question Number Your Answer Answer Reference 1. B Correct 2. D Correct 3. C Correct
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materials costs are $40 per product. Direct labor costs are expected to be $30 per product. You expect to sell each product for $110. You plan to produce 100 products next month and expect to sell 90 products. A. Prepare cost of production‚ cost of goods sold‚ and inventories schedules for next (the first) month. B. During the second month‚ you plan to produce 110 products but expect sales in the month to be 115 products. Prepare cost of production‚ cost of goods sold‚ and inventories schedules for the
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to market equilibrium price and quantity in the short run. a. Consumers expect that the price of the good will be higher in the future. b. The price of a substitute good rises. c. Consumer incomes fall‚ and the good is normal. d. Consumer incomes fall‚ and the good is inferior. e. A medical report is published showing that this good is hazardous to your health. f. The price of the good rises. 2) For each of the following changes‚ show the effect on the supply curve and state what
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Managerial Economics and Economics Managerial Economics has been described as economics applied to decision making. It may be viewed as a special branch of economics bridging the gulf between pure economic theory and managerial practice. Economics has two main divisions :- (i) Microeconomics and (ii) Macroeconomics. Microeconomics has been defined as that branch of economics where the unit of study is an individual or a firm. Macroeconomics‚ on the other hand‚ is aggregate in character and has
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Chapter 7 Reporting and Interpreting Cost of Goods Sold and Inventory ANSWERS TO QUESTIONS 1. Inventory often is one of the largest amounts listed under assets on the balance sheet which means that it represents a significant amount of the resources available to the business. The inventory may be excessive in amount‚ which is a needless waste of resources; alternatively it may be too low‚ which may result in lost sales. Therefore‚ for internal users inventory control is very important
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organizations have goals‚ and their managers need information as they strive to attain those goals. Managerial accounting is the process of identifying‚ measuring‚ analyzing‚ interpreting and communicating information in pursuit of an organization’s goals. It is an important part of any organization’s management information system. 1-1. The following changes should be in store for managerial accounting as a result of the explosion in e-commerce: a. Companies will have to invest in their security.
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