Week Two Read Me First MANAGERIAL BUDGETING Introduction This week covers the various cost descriptors such as fixed‚ variable‚ direct‚ indirect and the budget cycle. We will discuss applying cost-benefit analysis to an organizational situation and how it is used at different levels of public budgeting‚ governmental‚ and non-profit accounting. We will discuss line item budgeting‚ program budgeting‚ and performance budgeting This Week in Relation to the Course In the first week we
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A critical evaluation of Team performance evident at Electron with recommendations. This report identifies and critically evaluates team performance at electron which is written to Stephanie Russell the tutor of effective team and performance management on the 14th of May 2013. 1.Executive summary 4 1.1Introduction 4 2.Team Dynamics and Team formation 5 Forming 6 Storming 6 Norming 7 Performing 7 2.1 Norms and values influencing team development 8 Prescriptive
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Quiz Questions for Chapter 1 1. Waverly Company paid $5‚000 cash for wages of production workers. This business event would: a. increase total assets and total equity. b. increase one asset account and decrease another asset account. c. decrease total assets and total equity. d. decrease one asset account and increase an equity account. 2. Warren Company makes candy. During the most recent accounting period‚ Warren paid $3‚000 for raw materials‚ $4‚000 for labor‚ and
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MARKETING AS A MANAGERIAL FUNCTION Marketing as a managerial activity involves analyzing the market opportunities‚ planning the marketing activities ‚implementing marketing plans and setting control mechanism‚ in such a way that organizational objectives are accomplished at the minimum cost. In other words‚ marketing is: 1. Understanding consumer needs. 2. Environmental scanning and market opportunity analysis. 3. Developmental of competitive marketing plan and strategy such that an organization
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References: Edmonds‚ T.P.‚ Tsay B.‚ & Olds‚ P.R. (2011). Fundamental Managerial Accounting Concepts. New York‚ NY: McGraw-Hill Itrwin.
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Gus Bonilla MBA 217 Managerial Economics Individual Assignment 2) A firm’s product sells for $2 per unit in a highly competitive market. The firm produces output using capital (which it rents at $75 per hour) and labor (which is paid a wage of $15 per hour under a contract for 20 hours of labor services). Complete the following table and use that information to answer the questions that follow. K | L | O | MPK | APK | APL | VMPK | 0 | 20 | 0 | - | - | - | - | 1 | 20 | 50 | 50 | 50
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heart‚ so we’ve always been told‚ is a good working knowledge of a pot‚ pan and mold.” –The Brides Cookbook‚ 1956. This quote is from a cookbook‚ which was made especially for newlywed women (Brides Cookbook‚ 1956). This is one example of the gender roles that was expected during this time era. Many women during that time period were expected to stay home‚ cook‚ clean and take care of the children‚ while the man of the house would work. The quote also continues “A juicy red steak‚ or a tender fish
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Profit rates differ among firms in a given industry and even more widely among firms in different industries. Please explain the factors which contribute to different profit rates. Profit rates differ among firms in any given industry in variety of industries. Several theories are explained below to show which the factors are influences the profit of a firm; A. Risk Bearing Theory of Profit The idea was conceived initially by an American economist‚ F.H. Hawley. Hawley believed that a circle
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Managerial Statistics Distinguish between primary data and secondary data? OBJECTIVE The main objective of this topic is to measure the degree of relationship between the variables under consideration.The correlation analysis refers to the techniques used in measuring the closeness of the relationship between the variables. DEFINITION Some important definitions of correlation are given below: 1. “Correlation analysis deals with the association between two or more variables”. ---- Simpson &
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Financial analysis plays a critical role in evaluating company’s performance. When we analyse the financial statement‚ there are two ways‚ ratio analysis and cash flow analysis. With the financial statement of company Gunting Ltd‚ I will use the ratio analysis to discuess the poor side of Profitability‚ Liquidity‚ Efficiency of the asset useage and Leverage of Gunting Ltd from 2006 to 2008. Profitability ROE is comprehensive indicator of an organisation’s performance since it provides an indication
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