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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| Q#1. See Exhibit 1 for the detailed data on Flexible budget. Q#2. Variances associated with Frame Assembly: (See Exhibit 2 for detailed steps) [pic] • Variances associated with Wheel Assembly (see Exhibit 2 for detailed steps) [pic] • Variances associated with Final Assembly ( See Exhibit 2 for detailed steps) [pic] • Variances associated with Overhead Costs (See exhibit 2 for detailed steps) Q#3. Yes. Bob Moyer should be concerned
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are a direct function of observed activity. When performance evaluation is based on a static budget‚ there is little incentive to drive sales and production above anticipated levels because increases in volume tend to produce more costs and unfavorable variances. The flexible budget-based performance evaluation provides a remedy for this phenomenon. References: Kimmel‚ P.‚ Weygandt‚ J.‚ & Kieso‚ D. (2003). Essentials of
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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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buyers/customers is low 3. There is a huge threat of substitute products 4. Suppliers do not have much bargaining power 5. There is a significant amount of rivalry among competitors The analysis above indicates that the industry is moderately favorable to profitability. However‚ in another analysis of the industry‚ based upon industry-specific news and facts surrounding the suppliers‚ buyers‚ competitors‚ and more‚ the results are very different. This is not
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International Legal and Ethical Issues Simulation Summary International Legal and Ethical Issues Simulation Summary CadMex and Gentura negotiated the choice of law clause that specifies which law will be applicable and what forum to use if a dispute arises between them. They determined that non-binding international arbitration would not only suit their needs‚ but it would be less costly than litigation and would also expedite dispute resolution. The international arbitrator’s power in conflict
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what is impacting the facility. Establishing each departments workload will show me volume and it will help me identify controllable expenses. Then‚ I will have to integrate volume planning and revenue planning to have a more exactly knowledge of variances. Once you known the hospitals expected future costs‚ expenses and estimated income over the course of a year it will be easier to know what to do to help improve the hospitals services. Once you have income‚
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Cost Accounting A Managerial Emphasis Fourteenth Edition Charles T. Horngren Stanford University Srikant M. Datar Harvard University Madhav V. Rajan Stanford University Prentice Hall Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montréal Toronto Delhi Mexico City São Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo Editorial Director: Sally Yagan Editor in Chief: Donna Battista AVP/Executive Editor: Stephanie
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association refers to people who associate with others and teach them about the definitions of crime. These definitions can be either favorable or unfavorable to crime‚ an excess of favorable definitions may lead to crime. To prevent crime based on differential association theory‚ one should associate with good influences to learn about definitions that are unfavorable towards crime. Associating with good influencers who are against crime and who plan to go to college and make an impact on their life
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After all bills for the party were paid‚ the total came to $2‚315. Details are $575 for hotel room rental‚ $640 for food‚ $750 for entertainment‚ and $350 for decorations. 100 persons attended the party. What is the main reason for the unfavorable total budget variance? a. Hotel room rental is the main reason. b. Food is the main reason. c. Entertainment is the main reason. d. Decorations are the main reason. Objective: Explain the role of budgets and performance reports in the
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