MBA 520: Managerial Accounting Performance Measurement at Lipton: Evaluation and Recommendations ------------------------------------------------- Nick Arens Chris Lance Ryan Moore Rob Sloan Summary We at ALMS Consulting Co. have been hired to analyze the way product lines and product managers are being evaluated at the Thomas J. Lipton‚ Incorporated (“Lipton” or the “Company”) entity. We will review the performance metrics utilized at the corporate level of Lipton‚ explain
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the second project will result in smaller earnings reported to shareholders than the first. How might management’s observation influence its choice between the two investment projects? Ans: Sometimes‚ because of the conservatism of financial accounting‚ expenditures that are "investments" are not capitalized‚ but are written off currently‚ depressing current earnings but boosting future earnings. Such a phenomenon may well influence management to prefer projects with short-term benefits at the
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CHAPTER 1 COVERAGE OF LEARNING OBJECTIVES LEARNING OBJECTIVES QUESTIONS EXERCISES PROBLEMS OTHER LO1: Explain how accounting information assists in making decisions. 1‚2‚3‚4‚5‚23 49‚51 LO2: Describe the components of the balance sheet. 6‚7‚22 26 49‚50‚51 LO3: Analyze business transactions and relate them to changes in the balance sheet. 8‚9 27‚28 32‚33‚34‚35‚ 36‚37 48‚51 LO4: Prepare a balance sheet from transactions data. 29‚30‚31 38‚39‚40‚ 41‚42 LO5: Compare
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Key Figures for the Exercises‚ Problems and Cases To Accompany Managerial Accounting Creating Value in a Dynamic Business Environment 9th Edition McGraw-Hill/Irwin 2011 by Ronald W. Hilton CHAPTER 1 No key figures. CHAPTER 2 E 2-24 Beginning inventory of finished goods‚ case I: $84‚000 E 2-25 1. Total compensation: $720 E 2-26 2. Total overtime premium: $20 E 2-29 2. Cost of goods sold: $820‚000 E 2-30 (f) $77‚000 (o) $110 E 2-31 2. Cost per call
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Analysis TUTORIAL - WEEK 10 Accounting for Financial Instruments and Foreign Currency Transactions Learning Objectives: 1. Understand what is a financial instrument‚ and how can they be categorised. 2. Accounting for a particular type of financial instrument – a “compound instrument” 3. Understand the accounting treatments of foreign currency transactions at: Date of transaction; Balance date (if applicable); Settlement date. 4. Analyse the accounting treatment of foreign exchange differences
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1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a Student Answer: Prime Cost YES.....Conversion Cost NO. Prime Cost YES.....Conversion Cost YES. Prime Cost NO....Conversion Cost NO. Prime Cost NO.....Conversion Cost YES. Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments: 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as
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Content Page Executive Summary........................................................................................................pg. 3 Shareholder Value Maximization....................................................................................pg. 4 Strengths and Weaknesses of using financial ratio analysis..........................................pg. 5 Reference List ....................................................................................................
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Prologue Managerial Accounting and the Business Environment Study Suggestions ( The prologue describes important aspects of the contemporary business environment. While there are no written assignments‚ you should be familiar with the major ideas as background for your study of managerial accounting. HIGHLIGHTS A. In many industries‚ a company that does not continually improve will find itself quickly overtaken by competitors. The text discusses
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Managerial Acctg Quiz 1 – Fall 2012 NAME_ ______________________ Chapters 1 and 2 10 Points 1. Complete the answer sheet below by placing an "X" under each heading that identifies the cost involved. The "Xs" can be placed under more than one heading for a single cost. (5 Points) Variable Cost Fixed Cost Direct Materials Direct Labor Manufactu ring Overhead Period Cost Materials costs X X Production line workers wages X X Production Equipment
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Managerial Accounting‚ 3e (Braun/Tietz) Chapter 2 Building Blocks of Managerial Accounting 1) Service companies must carry a large amount of inventory to meet consumer demand. Answer: FALSE Diff: 1 LO: 2-1 EOC: E2-1 AACSB: Reflective Thinking Learning Outcome: Define and use cost-volume-profit analysis to analyze the effects of changes in costs and volume on a company’s profits 2) Manufacturing companies usually have three types of inventory. Answer: TRUE Diff: 1 LO: 2-1
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