Maximum Points: 60 Grade: Let G be the smaller number between 6 and (achieved points+10)/10 Round G exactly to quarters of a grade to get your grade. Examples: 32 points give a 4.25‚ 31 points give a 4 Solution to Homework Set 1 Managerial Economics Fall 2011 Conceptual and Computational Questions 4 points 2. What is the maximum amount you would pay for an asset that gen- 2 pt for a erates an income of $150‚000 at the end of each of five years if the reasonable formula‚ opportunity cost of using
Premium Costs Opportunity cost Microeconomics
Development of Accounting Theory Based on Islamic Principles and Accounting Standards Setting Mechanism Shaukat Amer Assistant Professor COMSAT Institute of Information Technology Attock Pakistan Shaukat_amer@comsats.edu.pk Abstract The purpose of this paper to explore the possibility to look for a new accounting theory and accounting standards setting mechanism under some of Islamic principles.The paper has discussed basic Islamic principles of “Amanah” (Custody)‚ “Shahadat” (Testimony)
Premium Hadith Muhammad Qur'an
CHAPTER 6 MERCHANDISING ACTIVITIES OVERVIEW OF BRIEF EXERCISES‚ EXERCISES‚ PROBLEMS‚ AND CRITICAL THINKING CASES Brief Exercises B. Ex. 6.1 B. Ex. 6.2 B. Ex. 6.3 B. Ex. 6.4 B. Ex. 6.5 B. Ex. 6.6 B. Ex. 6.7 B. Ex. 6.8 B. Ex. 6.9 B. Ex. 6.10 B. Ex. 6.11 Exercises 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 6.10 6.11 6.12 6.13 Topic Computation of gross profit Accounts receivable subsidiary ledger Perpetual inventory system computation of income Periodic inventory system
Premium Generally Accepted Accounting Principles Revenue Accounts receivable
Using average unit costs Make or buy Joint cost allocation Outsource a product Opportunity costs Identifying costs Allocating productive capacity Match decision and relevant costs/revenues Sell at split-off or process further Scrap or rebuild Topic Accounting terminology Real World: Home Depot Incremental‚ sunk‚ and opportunity costs Incremental analysis: Accepting a special order Scarce resources Special order decisions and opportunity costs Incremental analysis: Make or buy decision Make or buy decision
Premium Variable cost Costs Total cost
Criticisms of ROI Calculate residual income Calculate EVA Variable vs. fixed compensation Components of ROI Learning Objectives 25-1‚ 25-6 25-2‚ 25-3 25-2‚ 25-4 25-5 25-3 25-3 25-2‚ 25-4 25-4 25-6 25-2 Exercises 25.1 25.2 25.3 25.4 25.5 Topic Accounting terminology Balanced scorecard activities Employee motivation ROI versus EVA measures Performance and ROI versus residual income Learning Objectives 25-2–25-6 25-1‚ 25-5 25-1 25-2–25-4 25-2–25-4 25.6 Concerns about ROI 25-2‚ 25-3 25.7 Compensation
Premium Rate of return Investment Balanced scorecard
Running head: ACCOUNTING CYCLE PAPER Accounting Cycle Paper ACC/421 Intermediate Financial Accounting I University of Phoenix January 10‚ 2011 Accounting Cycle Paper When making decisions‚ businesses must provide and be able to gather relevant and accurate financial information. Being able to gather and understand this information helps companies make the best informed decisions for business operations‚ which can only benefit the company. When it comes to gathering the information
Premium Double-entry bookkeeping system Bookkeeping General ledger
“certificate of achievement for excellence in financial reporting” by the Government Finance Officers Association? What is the significance of this award? Yes‚ it is significant because it is the highest form of recognition in the area of governmental accounting and financial reporting‚ and its attainment represents a significant accomplishment by a government and its management. (Page 13) b) What are the key issues addressed in the letter of transmittal? Major initiatives in the city of Charlotte
Premium Financial statements Balance sheet Generally Accepted Accounting Principles
Chapter 8 Activity-Based Costing: A Tool to Aid Decision Making Solutions to Questions 8-1 Activity-based costing differs from traditional costing systems in a number of ways. In activity-based costing‚ nonmanufacturing as well as manufacturing costs may be assigned to products. And‚ some manufacturing costs—including the costs of idle capacity—may be excluded from product costs. An activity-based costing system typically includes a number of activity cost pools‚ each of which has its
Premium Costs Cost
Chemistry 112: Anion Analysis Page 7 ANION ANALYSIS M uch of the work you will be doing in the Chemistry 112 laboratory will be concerned with identifying positive and negative ions‚ that is‚ cations and anions‚ in solutions whose composition is unknown. This procedure is called QUALITATIVE ANALYSIS. The modern chemist frequently wishes to identify the constituents in a very small amount of substance‚ and so he depends heavily on instrumental methods of analysis. While the procedures
Premium Ion Solubility Ammonia
September 10‚ 2013 The Ins and Outs of Accounting The primary focus of this text is to educate and inform readers about what it is like to live and function in the world of Accounting. Although we deal with numbers every day of our lives we often overlook what all goes into becoming a skilled Accountant. The significance of accounting plays a vast role in the financial health of an organization‚ its failure and or growth and development‚ the stock market‚ and the financial future of our lives
Premium Balance sheet Financial statements Chief executive officer