1. (TCO A) Suppose you are hired to manage a small manufacturing facility that produces Widgets. (a.) You know from data collected on the Widget Market that market demand and market supply have both increased recently. As manager of the facility‚ what decisions should you make regarding production levels and pricing for your Widget facility? Because supply has increased along with demand it isn’t clear what decision should be made. The manager should gather information as far as how much
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Question Type: # Of Questions: # Correct: Multiple Choice 5 4 Many Multiple Choice 1 1 Matching 1 1 Essay 1 N/A Grade Details - All Questions 1. Question : (TCO 3) You have been approved for a $70‚000 loan toward the purchase of a new home at 12% interest. The mortgage is for 30 years. How much are the approximately annual payments of the loan? Hint: Assume you pay yearly. Student Answer: $2613 CORRECT $8690 $5740 None of the above Instructor Explanation: (Chapter
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accounting information is used for short term decisions --Make or buy decision analysis Introduction A main meaning of management accounting information is considered to support decision making for business organisations‚ for a foremost principle of rational decisions is the maximisation of financial benefits (Drury‚ 2009). This report will discuss the management accounting information and techniques used in short-term decision-making. Make or buy decision will be put forward in this report as one
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Outsourcing and make-or-buy decisions. What cost factors should influence the decision on whether to outsource the payroll functions? Horngren‚ Sundem and Stratton (2004)‚ say that "When managers consider the make-or-buy decision for services‚ it is often called outsourcing" [1‚ p255]. Outsourcing "( ) is often defined as the delegation of non-core operations or jobs from internal production within a business to an external entity (such as a subcontractor) that specialises in that operation" [2]
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MAKE OR BUY? – THE CHOICES When firms face a “make-or-buy” decision‚ it means that they have to choose whether to insource a particular production process or service or to outsource it to a third party. The word “insourcing” stems from the union of the words “inside resource using” and indicates the “use of internal labor‚ personnel and resources to supply the operational needs of the enterprise” . A firm can decide either to insource –i.e. to produce in-house- a production process or a service
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Spectre Appraisal Software Before we do the costs analysis‚ there are some assumptions that should be noted: 1. The first assumption is that $65‚000 cost that was occurred in 1997 will not be counted in this appraisal. It will be classified as sunk cost since the cost would be present regardless of what CAMA system will be selected. 2. The second assumption is all salary noted will increase by 4% each year‚ and these increment will remain static for the duration of the project. 3. The
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Assignment 1: Make-or-Buy Decision Analysis Jacqueline M. Oxendine PMAN 641 – Project Procurement Management Professor Randall Napier University of Maryland University College February 13‚ 2011 Table of Contents Introduction 3 Methods of Make-or-Buy Decision Analysis 3 Hurdles to Overcome in the Make-or-Buy Decision-Making Process 9 Conclusion 11 References 12 Assignment #1: Make-or-Buy Decision Analysis All projects involve the need to determine whether the project work
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CM 609‚ International Issues in Construction July 13‚ 2014 ____________________________________ The Main Drivers of the International Construction Industry‚ Global Economy and Its Role in Developed and Developing Countries including the Philippines (Answers to Questions 1 and 3) The construction industry is one of the largest in the whole world. This industry contributes about 10 percent of the total Gross Domestic Product (GDP) of the entire global economy. Construction has been potentially
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STATISTICS CHAPTER 1 NOTES DATA: consists of information coming from observations‚ counts‚ measurements‚ or responses. STATISTICS: is the science of collecting‚ organizing‚ analyzing‚ and interpreting data in order to make decisions. DATA SETS: -POPULATION: is the collection of all outcomes‚ responses‚ measurements or counts that are of interest -SAMPLE: is a subset or part of a population EXAMPLE OF POPULATION: The age of each resident in an apartment building EXAMPLE OF SAMPLE:
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Module 2: Exercise #3 – Happyland Construction Happyland Construction Inc. is an engineering firm involved in design and construction of oil shale plants. With their growing operations‚ Happyland needs to invest on a new crane (GargantuLift 6000) to be used on site. After financially analyzing their options‚ Happyland is left with a decision whether to outsource with a supplier or produce in-house. Below are the analysis done to compare both options: Make Analysis Internal Time & Effort -
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