Instructor: xx. xxxxx ACC3320 Accounting for Decision Making Final Exam 1. Riggs Enterprise’s flexible budget cost formula for indirect materials‚ a variable cost‚ is $0.45 per unit of output. If the company’s performance report for last month shows a $90 favorable variance for indirect materials and if 8‚700 units of output were produced last month‚ then the actual costs incurred for indirect materials for the month must have been: A. $4‚005 B. $3‚915 C. $3‚825 D. $3
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MEMBERS: DWAMENA ALEX S. ERASMUS KORLEY AMPADU RAPHEAL AGYAPONG FRANCIS Assume that Just-in-time stock management is used in accordance with the recommendation of the consultants. Calculate receipts from sales for each of the six months ending 30th June‚ 20x0 Solution: Note: High demand cannot be satisfied with a just in time stock management system. Therefore‚ over calculation for expected sales will be based on medium and low demand. SALES WORKING (£) Cash Receipt
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DARDEN CAPITAL MANAGEMENT THE MONTICELLO FUND op yo In early April 2004‚ the Monticello Fund Management Team was in the midst of its first meeting of the new fiscal year. The team was part of the Darden Capital Management program at the Darden Graduate School of Business Administration‚ where MBA students were entrusted with managing endowment capital for the school foundation. The program sought to prepare its participants for careers in investment analysis and portfolio management‚ with
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firm‚ whether big‚ medium of small‚ needs working capital to carry on its operations and to achieve its targets. Proper management of working capital is an important role of firm’s life. Working capital is essential to maintain the smooth running of business. No business can run successfully without an adequate amount of working capital. Inadequacy of working capital may lead the firm to insolvency and excessive working capital implies idle funds‚ which earns no profits for business
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Competitive Priorities The critical dimensions that a process or supply chain must possess to satisfy its internal or external customers‚ both now and in the future. Competitive capabilities The cost‚ quality‚ time‚ and flexibility dimensions that a process or supply chain actually possesses and is able to deliver. Order Winners The criterion customers use to differentiate the services or products of one firm from those of another. Productivity The value of outputs (services and products)
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Grade Details 1. Question: The primary operating goal of a publicly-owned firm interested in serving its stockholders should be to _________. Your Answer: maximize its expected total corporate income maximize its expected EPS minimize the chances of losses maximize the stock price per share over the long run‚ which is the stock’s intrinsic value CORRECT maximize the stock price on a specific
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Chapter 1 (Overview) Marketing Concept: satisfy customer needs and achieve organizational goals * Your biggest competitor is the way people already do things- find ways to integrate your products into target market’s everyday life Marketing: the activity for creating‚ delivering‚ communicating‚ and exchanging offerings that benefit the organization‚ it’s stakeholders‚ and society at large * Benefits stakeholders (customers‚ shareholders‚ employees‚ suppliers‚ channel members * Affects
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Impact of Working Capital Management in the Profitability of Hindalco Industries Limited J P Singh* and Shishir Pandey** For the successful working of any business organization‚ fixed and current assets play a vital role. Management of working capital is essential as it has a direct impact on profitability and liquidity. An attempt has been made in this paper to study the working capital components and the impact of working capital management on profitability of Hindalco Industries Limited. The
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Mohammad Siddiqui 1052359 03/04/2015 Philospohy of Ethics EXAM #2- “WHAT ARE THE SOURCES OF SOCIAL ETHICS?” Ethics is a very sensitive and touchy topic when talked about. Ethics can really change the image and the thought process of an individual. Their is going to be many various sources of ethics that are going to be addressed in this essay. Ethics are suppose to be steadfast principles but some people have situational ethnics; in a crisis they may do things that they may not ordinarily do
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1) Unstructured interviews are best used for D. asking individualized questions with no specific order 2) A recent study of breast cancer revealed that 13% of women in the sample used antibiotics more than 500 days in their lifetime. Further‚ 79% of these women developed breast cancer. According to the American Cancer Society‚ one in 12 women will develop breast cancer at some time in their lives. Of the numbers mentioned‚ which are parameters? D. 79% and one in 12 3) Basic business research
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