Accounting for Managers 3. BUDGETING When you have completed this section‚ you should be able to: • Explain the benefits of budgeting • Describe a budgeting process • Explain the difference fixed and flexible budget • Prepare a simple flexible budget from a fixed budget • Compute variances from budget and actual data • Prepare a cash budget • Explain the setbacks of traditional budgeting • Explain the problems of budgetary slack • Explain the impact of globalization to the budgeting process
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Be the manager question1: What kinds of organizing and controlling problems is Achieva suffering from? 1. Apparently Achieva is operating according to the scientific management which focuses on the work and tends to ignore the employees. The problem in Achieva is that the employees are not feeling appreciated when delivering the work perfectly. This could cause the workers to minimize the amount of effort they’re exerting‚ due to the lack of motivation by the managers. In addition to that‚ the
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Comprehensive exercise to calculate variances: Gilder Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. Required: a. Compute the materials quantity variance. 15‚600 F b. Compute the materials price variance. 44‚100 * 0.1 = 4‚410 F c. Compute
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of the Average Wholesale Price (AWP). This price reimbursed for a drug may be different than the initial price that the retail pharmacy paid the drug wholesaler who supplied the drug to be dispensed. Overall the flat dispensing fee paid by the PBM should be fair and reasonable along with comparable to the pharmacy’s actual cost to dispense (CTD). In order to keep my response condensed I will just focus on the main dispensing fee reimbursed.
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primarily the operations manager‚ Allen Yates‚ has no conviction over his decision. This was proven by the lack of support he showed after the promotion of Dave Keller as communication manager for the division. It was obvious that he is more concerned with maintaining his power than creating conflict with employees by taking the blame over his decision. 2. Basing on the experience of Dave Keller in the company‚ the career path he was taking is not for communication manager. He is more tailored to
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13. Variance and Standard Deviation (expected). Using the data from problem 13‚ calculate the variance and standard deviation of the three investments‚ stock‚ corporate bond‚ and government bond. If the estimates for both the probabilities of the economy and the returns in each state of the economy are correct‚ which investment would you choose considering both risk and return? Why? ANSWER Variance of Stock = 0.10 x (0.25 – 0.033)2 + 0.15 x (0.12 – 0.033)2 + 0.50 x (0.04 – 0.033)2 + 0
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Organizational structures in multinational corporations from the perspective of global communication networks Postmodern literature analysis and case study Lizentiatsarbeit eingereicht der Rechts- und Wirtschaftswissenschaftlichen Fakultät der Universität Bern Betreuender Professor: Prof. Dr. Norbert Thom Betreuender Assistent: Andreas P. Wenger‚ lic. rer. pol. Institut für Organisation und Personal Engehaldenstr. 4 CH-3012 Bern von: Anne-Marie Scheidegger aus Wyssachen (BE) Matr.-Nr.: 91–104–638
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THE MANAGER: OMNIPOTENT OR SYMBOLIC? How much affect does a manager inflict on an organization’s outcome? There exist two traditional views about this question. * OMNIPOTENT VEIW OF THE MANAGER: According to this view‚ the manager has the ultimate power. They are held responsible for the success or failures of the entire organization. * SYMBOLIC VEIW OF MANAGEMENT: As per this view‚ the outcomes of the organizations are basically influenced by the external factors‚ whereas the
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fantasies of unlimited success‚ power‚ brilliance‚ beauty‚ or ideal love believes that he or she is "special" and unique and can only be understood by‚ or should associate with‚ other special or high-status people (or institutions) requires excessive admiration has a sense of entitlement‚ (example‚ unreasonable expectations of especially favorable treatment or automatic compliance with his or her expectations) is interpersonally exploitative‚ (example‚ takes advantage of others to achieve his or
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Assignment 7: Mean-Variance Portfolio Theory ------------------------------------------------- Top of Form 1 . Consider‚ as in Lecture 7.1‚ a portfolio of two risky assets‚ with expected returns rˉ1‚rˉ2‚ variances σ21‚σ22 and covariance σ1‚2. No other assets are available. You have to allocate $1 mln of investment in the portfolio of the two assets in order to minimize total portfolio variance. What is the optimal amount of investment in asset 1 (in mln dollars)? Assume expected returns are
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