Managerial Accounting Chapter # 01 Homework 1 01) How does managerial accounting differ from financial accounting? A: Managerial accounting is concerned with providing information to managers for use inside the organization. Financial accounting is con¬cerned with providing information to stockhold¬ers‚ creditors‚ and others outside of the organi¬zation. 02) Pick any major television network and describe some planning and control activities that its managers would engage in. A: Five examples
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To: All Staff From: Tan Noob Noob‚ HR manager Date: 10 Oct 2014 Subject: Leave Application through online system This memo is to remind all staff to apply their leave through the online system. Recently‚ HR department has received a few leave application forms. Staff should use the online application system to apply for their leave. This online system is set up by the company 6 months ago to make the leave application process more convenient and simpler. For those who not know how to apply online
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MEMO TO: Darlene Wardlaw FROM: Bradley Crumpler DATE: September 20‚ 2014 RE: Staffing Memo for the Apollo Shoes‚ Inc. audit for 12/31/2014 After reviewing last year’s (2013) 10-K filing with the SEC‚ the board of directors’ minutes‚ and other documents pertaining to Apollo Shoes‚ Inc. here is our initial recommendation for staffing requirements: Audit engagement partner * Audit manager * It audit specialist Tax partner Quality assurance partner Legal specialist Audit Staff * Audit Engagement
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Policy Memo to Francisco de Rosenzweig Analyzing Mexico’s role in TAFTA 27 May 2013 Currently on the Transatlantic Free Trade Area also known as TAFTA or TTIP (Transatlantic Trade and Investment Partnership) is a proposed free trade area between Europe and the United States‚ the original trade was proposed in the 90s‚ but it in 2007 they consider making it happen again but it finished in nothing. In March 2013‚ President Barack Obama‚ told that it was a priority to his government
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Diversity Memo Memo To: Supervisory Team Date: April 12‚ 2010 Re: Management Behavior Message: As part of our latest discussion of our company merger‚ we’d like to introduce the topic of workplace diversity as we enter this new environment. We are in the process of working our company expansion and my desire is that all of you take this as an exciting new venture‚ but we need your help! Everyone should be aware that their behavior will most certainly affect the productivity of their
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chapter 1 (man) MANAGERIAL ACCOUNTING CONCEPTS AND PRINCIPLES discussion questions 1. Financial accounting and managerial accounting are different in several ways. Financial accounting information is reported in statements that are useful to persons or groups outside of a company. These statements objectively report the results of past operations at fixed periods and the financial condition of the business under generally accepted accounting principles. Managerial accounting information
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MEMO TO: Amos T. Caldwell‚ President FROM: Haley Hageman‚ Alese Lavacchi‚ and Matt Richardson DATE: November 9‚ 2010 SUBJECT: RECOMMENDATION FOR TERMINATION OF BRAD C. TRIGG Mr. Caldwell‚ it is evident that the expense reports of Brad C. Trigg over the past three months have been an all time high. RECOMMENDATIONS Based on the data presented below‚ we recommend the following: 1. Brad C. Trigg’s employment should be reviewed for termination. 2. No
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Interoffice Memo BSHS 305 MEMORANDUM To: All Staff Re: Recent ruling in Tarasoff v. Regents of the University of California Date: July 2‚ 1976 A recent decision in the rehearing of the Tarasoff v. Regents of the University of California case‚ mandates that not only should mental health professionals and social service workers warn a potential victim of possible harm by their client‚ but there is also a duty to protect the potential vicitm.
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Total Economic Costs = $793‚000 + $190‚000 = $983‚000 - Total accounting profit is total revenue less explicit costs. $970‚000 - $793‚000 = $177‚000 - Total economic profit is revenue less economic costs. $970‚000 - $983‚000 = <$13‚000> Prior to starting Sound Audio‚ the owner earned a salary of $175‚000 per year. In year one‚ he realized an accounting profit of $177‚000‚ which is greater than his annual salary; however‚ the economic profit
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more tires for big trucks F Supply of tires will be more G Supply of tires will be less Chapter 4 3. What are the major determinants of price elasticity of demand? A Bottled Water-Elastic B Toothpaste-inelastic C Crest-Elastic D Ketchup-Inelastic E Diamond Bracelet-Elastic F Microsoft Windows-inelastic Problem 4. Danny Dimes Donahue‚ at $1.50 each price is elastic‚ at $1.00 price is inelastic. Chapter 5 4. Use the distinction between the characteristics of private and public goods . A Private‚ good
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