CHAPTER 1 THE ACCOUNTANT’S ROLE IN THE ORGANIZATION TRUE/FALSE 1. Management accounting information focuses on external reporting. Answer: False Difficulty: 1 Objective: 1 Terms to Learn: management accounting Management accounting information focuses on internal reporting. 2. A good cost accounting system is narrowly focused on a continuous reduction of costs. Answer: False Difficulty: 2 Objective: 1 Terms to Learn: cost accounting A good cost accounting system
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Hilton Manufacturing Company In February 2004‚ George Weston was appointed general manager by Paul Hilton‚ president of Hilton Manufacturing Company. Weston‚ age 56‚ had wide executive experience in manufacturing products similar to those of the Hilton Company. The appointment of Weston resulted from management problems arising from the death of Richard Hilton‚ founder and‚ until his death in early 2003‚ president of the company. Paul Hilton had only four years ’ experience with the company
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Textbook case: Managerial Accounting for Managers‚ 2nd edition Noreen‚ Brewer and Garrison (McGraw-Hill/Irwin‚ 2008). Case 4-33 Cost Structure; Target profit and Break-Even Analysis Contribution Income Statement for all three scenarios: 15% commission 20% commission Own sales force Sales $16‚000‚000 $16‚000‚000 $16‚000‚000 Variable manuf. cost $7‚200‚000 $7‚200‚000 $7‚200‚000 Commissions $2‚400‚000 $3‚200‚000 $1‚200‚000 -Tot. variable cost ($9‚600‚000)
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stock 140‚000 115‚000 Retained earnings 37‚000 55‚000 Total liabilities and stockholders ’ equity $220‚000 $195‚000 Additional information: 1. Net loss for 2002 is $14‚000. 2. Cash dividends of $4‚000 were declared and paid in 2002. 3. Land was sold for cash at a loss of $5‚000. This was the only land transaction during the year. 4. Equipment with a cost of $15‚000 and accumulated depreciation of $10‚000 was sold for $5‚000 cash. 5. $14‚000 of bonds were retired during the year
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price‚ and ADV = advertising expenditures‚ what is the price elasticity? Choose one answer. | a. -1.5‚ elastic | | | b. 1.5‚ inelastic | | | c. 12‚ elastic | | | d. 120‚ elastic | | Incorrect Marks for this submission: 0/1. Question 3 Marks: 1 The method of forecasting with leading indicators can be criticized for Choose one answer. | a. frequent revisions of data after original publication. | | | b. occasionally forecasting a recession when none ensues. | | | c. forecasting
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Chapter 5 The Expenditure Cycle Part 1: Purchases and Cash Disbursements Procedures Accounting Information Systems‚ 5th edition James A. Hall COPYRIGHT © 2007 Thomson South-Western‚ a part of The Thomson Corporation. Thomson‚ the Star logo‚ and South-Western are trademarks used herein under license Objectives for Chapter 5 • Tasks performed during purchases and cash disbursement processes • Departments involved in purchases and cash disbursement activities and the flow of these transactions
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8/30/2012 Mike Meyers’ CompTIA Network+® Guide to Managing and Troubleshooting Networks‚ Third Edition (Exam N10-005) Mike Meyers’ CompTIA Network+® Guide to Managing and Troubleshooting Networks‚ Third Edition (Exam N10-005) Protecting Your Network Objectives Chapter 16 • Discuss the common security threats in network computing • Describe the methods for securing user accounts • Explain how firewalls‚ NAT‚ port filtering‚ and packet filtering protect a network from threats
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Chapter 2 Recording Business Transactions √ Quick Check Answers: 1. a 3. b 5. d 7. d 9. c 2. c 4. c 6. a 8. a 10. b Explanations: 3. b. Owner’s equity is $130‚000 ($50‚000 + $60‚000 + $200‚000 – $80‚000 – $100‚000). 7. d. Supplies balance is $1‚200 ($500 + $700). The payment of accounts payable does not affect supplies. 9. c. Ending equity is $70‚000‚ computed as follows: Beginning owner’s equity…….. $ 50‚000 Add: Net income: Revenues……………….. $110‚000
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and this section should give the answer to the question‚ don ’t make your reader hunt for it. Explain why this answer is meaningful or useful. 2. Definition - This section defines the managerial question to be analyzed. It also identifies the possible opportunities and alternatives being evaluated. 3. Factors or Costs - This section describes and identifies factors or costs that will influence the analysis of the questions. This section also includes factors and costs that may seem important
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Case Study: Strangers in Strange Lands Submitted by: Hamza Amanullah Hamza Shafique Meesaq Qayyum Sami Rasheed Zaish Mahmood Submitted to: Ms. Faryal Khan BBA IV-Section J February 10th‚ 2013 Lahore School of Economics Summary The case lists out the dilemma that Western Retail outlets (such as Wal-Mart‚ Carrefour and others) face as they enter Asian markets. The case builds on the notion that these retail outlets are not able to build on the premise of cultural differences
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