ACC 561 Final Exam Copy this link to your browser and download http://www.finalexamguide.com/ACC-561-Final-Exam-5-90.htm 1). _____ refers to accounting information developed for managers within an organization. A. Internal auditing B. Managerial accounting C. Financial accounting D. Tax accounting 2). Ethical accountants are important to society because _____. A. they pay their taxes B. the information produced is reliable C. they will not go
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projects financial outcome is favorable. Assuming that the electricity costs will be above $0.11 per kWh the financial outcome can be expected to produce a positive net present value. This scenario seems to be the most likely as SED does not foresee any reason why the grants and tax credits would not be available to Jimmy Peak. If we assume that the MTC grants and tax credits will not be available for the GE Wind Turbine project‚ the financial outcome appears to be unfavorable. The grants and tax credits
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Questions: Danshui Plant No. 2 1. Using budget data‚ how many Apple iPhone 4’s would have to have been completed for Danshui Plant No. 2 to break even? 2. Using budget data‚ what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to planned production? What was the actual cost per unit of production and shipping. 3. Prepare a flexible budget for 180‚000 iPhone 4’s and calculate flexible budget variances using actual costs
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the development of marketing plans. Itaccomplishes this by assessing an organizations strengths (what anorganization can do) and weaknesses (what an organization cannot do) inaddition to opportunities (potential favorable conditions for an organization)and threats (potential unfavorable conditions for an organization). SWOTanalysis is an important step in planning and its value is oftenunderestimated despite the simplicity in creation. The role of SWOTanalysis is to take the information from the
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A stakeholder is a person‚ group‚ or organization that has a direct or indirect stake in an organization because it can be affected by the organization’s actions‚ objectives‚ and policies. In a business‚ there are many people and organizations who are able to support and have responsibility to keep the business survive. Stakeholders are one of them. They are people who have an interest in the activities of a firm or business‚ however‚ they do not have to own any finance in that business. There
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participate in a particular behavior. Akers has indicated that family and friends (following Sutherland’s [1947] emphasis on “intimate face-to-face” groups) are typically the primary groups that are the most salient for exposing an individual to favorable/unfavorable definitions and exhibiting conforming and/or nonconforming behaviors. For the most part‚ learning through differential association occurs within the family in the early childhood years and by means of the
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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Budgeting is a planning process which underlines predicting and quantifying the future in financial terms and predicting the future needs for finance. Aside from the planning role of budgeting‚ numerous articles on management accounting constantly stress the multi-purpose role of budgeting in business organization. Budgeting is used for forecasting‚ planning‚ coordination‚ communication‚ control and motivation. In the past few decades
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LITERATURE REVIEW Consumers’ attitudes towards marketing activities are important from both a theoretical and a managerial standpoint (Gaski and Etzel 1986). As consumer attitudes significantly affect their behavioral responses to marketing activities‚ knowledge of consumers’ attitudes toward marketing has been used in economic forecast and found to be linked to several key macroeconomic variables (Chopin and Darrat 2000). Such information can also help devising effective strategies for companies
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Model and the Advanced DuPont Model‚ provide an interpretation‚ i.e.‚ are they favorable or unfavorable‚ is the 5-year trend positive or negative? Basic DuPont Model Net Profit Margin: Favorable. The trend is positive. Net profit margin has increased four out of the five years. This means that the company is making more income per each dollar of sales‚ which is a good trend. Total Asset Turnover: Favorable. Total asset turnover has also increased the majority of the time. It slightly
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costing system‚ in businesses that make a range of products which‚ although different‚ pass through standard and repetitive processes and machinery. Standard cost is the estimated cost of material‚ labor‚ overheads and other costs for each unit of production or purchase in a given accounting period. It is used as the benchmark against which cost variances and financial performance are measured‚ the valuation for inventory and a basis for pricing. It’s best suited to businesses that manufacture‚ but
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