Management Accounting II Assignment I Marston Corporation manufactures disposable thermometers that are sold to hospitals through a network of independent sales agents located in the United States and Canada. The sales agents sell a variety of products to hospitals in addition to Marston’s disposable thermometer. The sales agents are currently paid an 18% commission on sales‚ and this commission rate was used when Marston’s management prepared the following budgeted income statement for the upcoming
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Waste Management‚ Inc. Waste Management‚ Inc.‚ incorporated in 1968‚ had become a leader in the industry of waste management services ranging from industrial operations to curbside collection. This company had become synonymous with many different kinds of disposal services that allowed for the company to grow and grow with a solid base over the course of twenty-eight years. Finally in 1996‚ the company reported total assets of almost $20 billion with net income close to $200 million. However
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present at Waste Management that are indicative of each of the three fraud conditions. Incentives: from the case‚ the SEC staff claimed that the top Waste Management officers’ fraudulent conduct was driven by greed and a desire to retain their corporate positions and status in the business and social communities. Their bonuses‚ retirement benefits and stock options closely correlate with the performance of the company. If the company meets predetermined earnings targets‚ those top managements will
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Case Study: Enron Corporation Accounting Scandal 1. What is Enron Scandal? Formed in 1985 from a merger of Houston Natural Gas and Internorth‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial contracts linked to the value of energy
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Question no: 01:- Accounting profit and Economic profit. Economic Profit Implicit cost Accounting profit Explicit cost Total opportunity cost Revenue Revenue How an economist views a firm How an accountant views a firm Accounting profit equals sales revenue minus ( - ) all costs except the cost of equity capital‚ while Economic profit is sales revenue minus ( - ) all costs including the opportunity cost of equity capital. Thus economic profit may be lower than the accounting profit. If accounting
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MUNIJAN - 2012 Name of the College : Name of the team : Team Members : | | | | | | | | | | | | | | | | | | | | | | | | | | | | Theme Chosen: (BELOW ARE SUGGESTED THEMES‚ NEW THEMES PREFERRED) * Environment * Education * Poverty alleviation * Health & Hygiene * Elimination of Social Evils | * Employment & Empowerment * Human Rights * Women Empowerment * Rural Development * Ethics * Any Other (Please Specify) _______________________
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Management Accounting‚ Cdn. 6e (Horngren/Sundem/Stratton/Beaulieu) Chapter 1 Management Accounting and Management Decisions 1) Both internal managers and external parties use accounting information. Answer: TRUE Diff: 2 Type: TF Page Ref: 16 Objective: 8 2) Internal accounting reports must follow generally accepted accounting principles and account for assets at historical cost. Answer: FALSE Diff: 2 Type: TF Page Ref: 16 Objective: 8 3) Organizations that
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protection measures for the municipal waste management sector‚ and empirically upon a survey of waste disposal contractors in the case study regions. The Government is actively attempting to shift the emphasis of municipal waste management further up its hierarchy of waste options‚ so that the industry’s dependence upon an ever diminishing landfill resource is reduced. In the wake of recycling targets‚ recycling credits‚ minimisation trials and general waste related policy and legislation‚ the Government
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ACCT 1003 – INTRO TO COST & MANAGEMENT ACCOUNTING LECTURE NO. 5 CVP ANALYSIS LESSON OBJECTIVES 1. Understand & explain what CVP business decisions it can aid 2. Appreciate the assumptions of CVP analysis 3. Calculate & Explain the significance of: • Contribution Margin • Break Even Point • Margin of Safety 4. Prepare and explain a CVP graph 5. Use CVP analysis to: • Plan Profits • Determine volume – given profit target • Perform Sensitivity Analysis 6. Incorporate Income Tax Rates in CVP analysis
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Paper recycling is the process of recovering waste paper and remaking it into new paper products. There are three categories of paper that can be used as feedstocks for making recycled paper: mill broke‚ pre-consumer waste‚ and post-consumer waste.[1] Mill broke is paper trimmings and other paper scrap from the manufacture of paper‚ and is recycled internally in a paper mill. Pre-consumer waste is material which left the paper mill but was discarded before it was ready for consumer use. Post-consumer waste
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