0Chapter 10: Strategic Control and Corporate Governance * Organizations must have effective strategic controls if they are to successfully develop and implement their strategies. * This means having systems that allow the organization to effectively respond to environmental changes as well as balance and align the organization’s culture‚ rewards‚ and boundaries. * Overriding this is the goal of the firm’s owners (shareholders) and their elected representatives (board of directors)
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Case Study Inventory The Cost of Inventory The general principle for cost inclusion into inventory for US GAAP and IFRS is similar but not exactly the same. First let us look at US GAAP. The basis of accounting for inventories is “cost‚” which is explained in ASC 330-10-30 paragraph 1 as “the sum of the applicable expenditures and charges directly or indirectly incurred in bringing an article to its existing condition and location.” These costs are divided into two different categories‚ the
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Cost of equity refers to a shareholder’s required rate of return on an equity investment. It is the rate of return that could have been earned by putting the same money into a different investment with equal risk. How It Works/Example: The cost of equity is the rate of return required to persuade an investor to make a given equity investment. In general‚ there are two ways to determine cost of equity. First is the dividend growth model: Cost of Equity = (Next Year’s Annual Dividend /
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Answers to Warm-Up Exercises E9-1. Answer: Weighted average cost of capital N 10‚ PV $20‚000 (1 0.02) $19‚600‚ PMT Solve for I 8.30% 0.08 $20‚000 $1‚600‚ FV $20‚000 E9-2. Cost of preferred stock Answer: The cost of preferred stock is the ratio of the preferred stock dividend to the firm’s net proceeds from the sale of the preferred stock. rp Dp Np rp (0.15 $35) ($35 $3) rp $5.25 $32 16.4% E9-3. Cost of common stock equity Answer: The cost of common stock equity can be found by dividing the dividend
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Experiment 10 - Flow Characteristics of Valves NAME: CHER SUNG KANG GROUP NUMBER: B21 EXPERIMENT NUMBER: 10 DATE OF EXPERIMENT: 28/11/2011 DATE OF REPORT SUBMISSION: 5/11/2011 MARK/20 (for demonstrator use): Introduction Aim: 1. Describe operation of various types of valves 2. Measure frictional losses due to flows through different valves 3. Identify sources of errors Background & theory: In this experiment‚ the relationship between volumetric flow rate and percentages
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more than one MBA student per team (I will try to fill out teams of two or three). One team member should email me the names of all team members and your team name‚ ASAP. If I don’t hear from you by 11:00 am on Wednesday‚ I will assign you to a team. 3) Follow the instructions on the course announcement page to complete your personal web page. Differences between Financial and Managerial Accounting 8/16 Th. Handout – Advice on Using Your Textbook Ethics‚ The Value Chain Handout – Chapter 1
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Opportunity Cost Scarcity of resources is one of the more basic concepts of economics. Scarcity necessitates trade-offs‚ and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms‚ the opportunity cost of a decision is based on what must be given up (the next best alternative) as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost contrasts to accounting cost in
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Costs of Production July 2011 Topics to be Discussed Measuring Cost: Which Costs Matter? How do Cost Curves Behave? – Cost in the Short Run – Cost in the Long Run How to Minimize Cost? How to draw Implications for Business Strategy? Topics to be Discussed Production with Two Outputs: Economies of Scope Dynamic Changes in Costs: The Learning Curve Estimating and Predicting Cost Measuring Cost: Which Costs Matter? Accountants tend to take a retrospective view of firms’ costs‚ whereas
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declared himself that he aims to reduce costs and improve the speed of decision-making. Delayering should allow for both of these goals to be achieved. Although the business will have to pay redundancy packages to those workers who are losing their jobs‚ in the long term it will be cost beneficial to the business as they will no longer be required to pay those workers’ wages. This should in turn improve the financial position of the business as its overall costs are being reduced. With that‚ the business’
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NAME___________________________ PUID________________________________Section________ Purdue University Krannert School of Management MGMT 201 – Managerial Accounting I Summer 2014 Practice Final Exam--SOLUTION This exam consists of 30 multiple choice questions on 10 pages (including this cover page) for a total of 120 points. Answer all questions. No partial credit is available for multiple choice questions. Be sure to put your answers to the multiple choice questions on your Scantron form. The exam is closed
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