Chapter 12 Fundamentals of Management Control Systems Solutions to Review Questions Accounting assigns costs and revenues to “responsibility centers” that correspond to the decision authority of managers. This allows the firm to measure performance based on the results of decisions by the manager. An effective corporate cost allocation system separates the results of decisions by corporate managers from those of business unit managers. Although there are well-developed standards for many
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Susan B. Anthony Justice is defined as a concept of moral rightness and fairness. In the 1800s‚ gender inequality was a huge conflict. Men were able to own land and open businesses‚ while women weren’t even given the right to open up a bank account. However‚ the uprising of reform movements was beginning during this time as well. One enormously great movement that came to be‚ was the woman’s suffrage movement. Susan B. Anthony was a crucial member of this historical endeavor. She dedicated her
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MKT 2375 Chapter 2 Problem 1 a. CD Contribution Profit Selling Price to CD Distributor Less: Variable Cost $9.00 $1.25 $0.35 $1.00 $2.60 CD Package and disk Songwriter’s royalties Recording artists’ royalties Total Variable Cost Contribution per CD unit $6.40 Chapter 2 Problem 1 b. Break-Even Analysis – Units and Dollars Total Fixed Cost Advertising and Promotion $275‚000 Studio Recording’s Overhead $250‚000 Total Fixed Cost $525‚000 BEVU = $525‚000 / $6.40 = 82‚031
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St. Anthony of Padua Priest and Doctor of the Church Feast Day: June 13 St. Anthony of Padua was born at Lisbon‚ Portugal in 1195 as Ferdinand de Bulhões to a nobleman of Lisbon‚ Martim Vicente de Bulhões and his wife Teresa Pais Taveira‚ half-third cousin once removed of King Afonso II of Portugal. His parents sent him to the Canons of the Cathedral of Lisbon. At fifteen‚ he entered the Order of Regular Canons of St. Augustine against his parents’ will. He was moved to the convent of the Holy
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is tired of how their gender is being treated and wants equality between both genders. Born Susan Brownell Anthony on February 15‚ 1820‚ is known to be one of the first feminist during her time. She had many contributions in fighting for women’s rights during her entire life. She is one of the more famous and well known women through out her generation and will continue to
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E -11 DM 5 DL 4 VMO 3 FMO = 180‚000/50‚000 = 3.6 Total = 15.6 15.6 * 5‚000 (50‚000-45000) = 78‚000 E-12 DM 5 DL 4 VMO 3 Cost per unit = 12 $ EIV = 12 * 5000 = 60‚000 E-13 Difference 3.6 * 5000 = 18‚000 And 78‚000 – 60‚000 = 18‚000 E-14 CGS sold = 45000(sold) * 15.60 = 702‚000 E15 12 * 45000 = 540‚000 E16 Sales = 30 * 45‚000 = 1‚350‚000 CGS 702‚000 CM 648‚000 Less S & admin. 160‚000 Net income 488‚000 E17 Sales =
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for Women’s Rights? On November 5‚ 1872‚ Susan B. Anthony‚ a well-known leader in the women’s rights movement‚ along with several other women‚ entered the West End News Depot and cast their ballot. The women had all registered in the previous days; Anthony had registered to vote November 1‚ 1872 at a local barbershop‚ along with her three sisters. Even though the inspectors refused her initial demand to register‚ Anthony used her power of persuasive speaking and her relationship with
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Chapter 2 Recording Business Transactions √ Quick Check Answers: 1. a 3. b 5. d 7. d 9. c 2. c 4. c 6. a 8. a 10. b Explanations: 3. b. Owner’s equity is $130‚000 ($50‚000 + $60‚000 + $200‚000 – $80‚000 – $100‚000). 7. d. Supplies balance is $1‚200 ($500 + $700). The payment of accounts payable does not affect supplies. 9. c. Ending equity is $70‚000‚ computed as follows: Beginning owner’s equity…….. $ 50‚000 Add: Net income: Revenues……………….. $110‚000
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Chapter 6 Notes o Cost Of Merchandise Sold- revenue is reported as sales‚ cost is reported as merchandise sold o Sales- Cost of Merchandise Sold = gross Profit o Gross profit-operating expenses = net income o Merchandise. Inventory- merchandise on hand (not sold) at the end of the accounting period o Multi-step income statement- contains several sections‚ subsections‚ subtotals o Sales-total amount charged customers for merchandise sold – (cash sales‚ and sales on
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IAS 16 PROPERTY‚ PLANT AND EQUIPMENT HISTORY OF IAS 16 August 1980 Exposure Draft E18 Accounting for Property‚ Plant and Equipment in the Context of the Historical Cost System March 1982 IAS 16 Accounting for Property‚ Plant and Equipment 1 January 1983 Effective date of IAS 16 (1982) May 1992 Exposure Draft E43 Property‚ Plant and Equipment December 1993 IAS 16 Accounting for Property‚ Plant and Equipment (revised as part of the ’Comparability of Financial Statements’ project) 1 January 1995 Effective
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