Return on Sales- Profit Before Tax / Net Sales * Return on Capital- After Tax Return on Ave Gross Capital Employed Their Financial and Operating Objectives include: * Sales growth by 10.5% per year * After tax profit margin to improve by 6% * Achieve 15% after tax return on ave invested capital (ATRIC) * Maintain AA Bond rating The financial department has recently changed Product Line Profit and Loss (P/L) from “Trading Profit” to “Economic Profit.” The objective of this change
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Reddy(H11035)Ritabrata Chakrabarti(H11047)Vempalli Praneethreddy(H11058) | | | | | Group Member: Abin Sarkar(H11003) Ethics: 1. The discipline that examines one’s moral standards or the moral standards of a society. Author: Manuel G. Velasgquez 2. The systematic philosophical investigation of moral systems.The system of moral principles and rules that becomes standards for a group or for professional conduct. Source:Donaldson‚ T. (1989) The ethics of international business
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(Accounting for Goodwill) Fred Moss‚ owner of Moss Interiors‚ is negotiating for the purchase of Zweifel Galleries. The balance sheet of Zweifel is given in an abbreviated form below. ZWEIFEL GALLERIES Balance Sheet as of December 31‚ 2014 Assets Liabilities and Stockholders’ Equity Cash $100‚000 Accounts payable $ 50‚000 Land 70‚000 Notes payable (long-term) 300‚000 Buildings (net) 200‚000 Total liabilities 350‚000 Equipment (net) 175‚000 Common stock $200‚000 Copyrights (net) 30
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work-in-process inventories. 3. Define equivalent units‚ and explain their role in process costing. 4. Prepare a departmental production report using the FIFO method. 5. Prepare a departmental production report using the weighted average method. 6. Prepare a departmental production report with transferred-in goods and changes in output measures. 7. Describe the basic features of operation costing. 8. Explain
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GNBCY Practice Exam Solutions – Chapter 14 1. Part (a) Solution (Learning Objective 1): The common fixed costs of $10‚000 (or $130‚000 - $120‚000) are irrelevant to this decision. Part (a) Solution (Learning Objective 2): CM that would be lost if department is discontinued $(150‚000) Less fixed costs that can be avoided if department is discontinued 120‚000 Increase (decrease) in net operating income $ (30‚000) Based on this information alone‚ because the company’s net operating
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Management‚ Eleventh Edition by Stephen P. Robbins & Mary Coulter ©2012 Pearson Education‚ Inc. publishing as Prentice Hall 1-1 • Explain why managers are important to organizations • Tell who managers are and where they work • Describe the functions‚ roles‚ and skills of managers • Describe the factors that are reshaping and redefining the manager’s job • Explain the value of studying management Management‚ Eleventh Edition by Stephen P. Robbins & Mary Coulter ©2012 Pearson
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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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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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Ch8 Pricing Goods for External Sales Pricing Objectives: gain market rate of return Environment: Political reaction to prices patent or copyright protection Demand: Price sensitivity demographics Cost Considerations: Fixed and variable costs short-run or long-run In the long run‚ a company must price its product to cover its costs and earn a reasonable profit Most case: Company does not set the prices‚ competitive market does Price takers: the companies cannot set the price of gasoline by
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ASA University Review‚ Vol. 4 No. 1‚ January–June‚ 2010 Management Accounting Practices: A Comparative Analysis of Manufacturing and Service Industries Farjana Yeshmin* Rehana Fowzia* Abstract The study aims to examine the use of the management accounting techniques in manufacturing and service industries of Bangladesh for discharging managerial functions. To achieve this objective‚ 151 organizations from manufacturing and service industries have been surveyed with a structured questionnaire by
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