Chapter 6 Cost-Volume-Profit Relationships Solutions to Questions 6-1 The contribution margin (CM) ratio is the ratio of the total contribution margin to total sales revenue. It can be used in a variety of ways. For example‚ the change in total contribution margin from a given change in total sales revenue can be estimated by multiplying the change in total sales revenue by the CM ratio. If fixed costs do not change‚ then a dollar increase in contribution margin will result in a dollar
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The golden goblet by Eloise Jorvis McGraw tells that Ranofer lives with his step brother Gebu and Gebu is the ruler of the land. So Ranofer think there is something was weird with Gebu. So Ranofer looks in his room and he finds a golden goblet. So the best part of the story was when Ranofer finds the golden goblet and three reasons why this is the important part is that the golden goblet is in Gebus room‚ Ranofer stood perfectly still when he had seen the golden goblet‚ and that Gebu robbed a tomb
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Questions 1. Which of the following statements about managerial accountants is false? A. Managerial accountants more and more are considered "business partners." B. Managerial accountants often are part of cross-functional teams. C. An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments. D. In a number of companies‚ managerial accountants make significant business decisions and resolve
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A) Straight-line Depreciation Computation End of Year Year DC X DR = ADE AD BV 2012 220‚000 25% 55‚000 55‚000 195‚000 2013 220‚000 25% 55‚000 110‚000 140‚000 2014 220‚000 25% 55‚000 165‚000 85‚000 2015 220‚000 25% 55‚000 220‚000 30‚000 ($250‚000 – $30‚000) 1/4 = 25% Please note abbreviations are the same as bellow Double- Declining-Balance Depreciation Computation End of Year Book Value Annual
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Benedictine University Managerial Economics Individual Work-1 Unit Tutor: Char Lee Racine Student name：Gu Haizhen (Vivian) Date of issue: September 6‚ 2010 Date of submission: September 13‚ 2010 Contents I. 3 II. 4 III. 7 VI. 9 Technical problems I. During a year of operation‚ a firm collects $175‚000 in revenue and spends $80‚000 on raw materials‚ labor expense‚ utilities‚ and rent. The owners of the
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The difference between combat and garrison leadership is a hard question to answer‚ as one may not be familiar with a combat environment. But it could be told as who knows how to be a soldier and who knows how to conduct him/herself as a soldier. A soldier with combat leadership experience would know how to maneuver and maintain others in a tactical environment a lot better than a soldier more versed in garrison leadership. The two leadership environments are very much different from each other and
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copy of the 3rd edition of The Future of Business by N. Althouse‚ S. Rose‚ L. Allan‚ L. J. Gitman‚ & C. McDaniel. Published by Thomson Nelson. The assigned text is the 4th edition of the book‚ which is available for purchase new from the University of Saskatchewan bookstore. However there are used copies of the 3rd edition of the book on sale around campus. Given that much of text in the two books is the same‚ it should be possible to use the 3rd edition instead of the 4th edition. If you do buy
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Grade 45/50 Managerial Accounting 505 Case Study Week 3 A. What is the break-even point in passengers and revenues per month? Total Per Unit Percent Sales: 160 X 90 $14‚400 $ 160 100% Less variable costs/expenses: .70 X 90 $ 6‚300 $70 44% Contribution margin: $ 8‚100 $90 56% Less fixed costs/expense: $3‚150‚000 Net operating income: $3‚141‚900 8‚100 /14‚400 = 56% 100 - 56 = 44% BEP in passengers
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[APC309 STRATEGIC MANAGEMENT ACCOUNTING Individual Assignment : Task a and Task b ] Table of Contents Part a 1.0 Introduction to performance management …………………………………………………………………………….2 2.0 EVA and ROI ……………………………………………………………………………………………………………………………2 3.0 Mangers orientation due to using EVA and ROI……………………………………………………………………….3 4.0 Overcoming the short term nature of EVA and ROI………………………………………………………………….4 5.0 Appendix…………………………………………………………………………………………………………………………………8 Part b 1.0 Introduction
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FALSE {moderate‚ INTRODUCTION} 1.4 During World War II‚ many new scientific and quantitative techniques were developed to assist the military‚ and these developments were so successful that many companies started using similar techniques in managerial decision making and planning after the war. ANSWER: TRUE {moderate‚ WHAT IS QUANTITATIVE ANALYSIS?} 1.5 When a problem is difficult to quantify‚ it may be necessary to develop unspecific objectives. ANSWER: FALSE {moderate
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