...Check Figures for Problems and Cases Ray Garrison, Eric Noreen, and Peter Brewer Managerial Accounting, 14th Edition |Chapter 1 | | |No check figures | | | | | |Chapter 2 | | |Problem 2-14 |(2) Net operating income: $19,000 | |Problem 2-17 |(3) Total cost: 283,500 pesos | |Problem 2-18 |(2) Shipping expense: Y = £20,000 + £8.00X | |Problem 2-19 |(1) Y = $800 + $40X | |Problem 2-21 |(4) Total cost $182,100 | |Problem 2-22 |Cost of shipping finished goods: variable...
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...is sometimes important to do the general equilibrium analysis. In Chapter 6 we presented a brief discussion of the effects of tariffs in general equilibrium. This appendix presents a more detailed analysis. The analysis proceeds in two stages. First, we analyze the effects of a tariff in a small country, one that cannot affect its terms of trade; then we analyze the case of a large country. A Tariff in a Small Country Imagine a country that produces and consumes two goods, manufactures and food. The country is small, unable to affect its terms of trade; we will assume that it exports manufactures and imports food. Thus the country sells its manufactures to the world market at a given world price P * and buys food at a given world price P * . M F Figure 1 illustrates the position of this country in the absence of a tariff. The economy produces at the point on its production possibility frontier that is tangent to a line with slope -P * >P * , indicated by Q 1. This line also defines the economy’s budget constraint, M F that is, all the consumption points it can afford. The economy chooses the point on the budget constraint that is tangent to the highest possible indifference curve; this point is shown as D 1. Figure 1 Free Trade Equilibrium for a Small Country The country produces at the point on its production frontier that is tangent to a line whose slope equals...
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...Chapter 3. The Optimal Capital Budget Up this point, we have discussed some of the issues regarding a firm’s cost of capital and capital budgeting decisions. In the process, we have looked at some of the techniques a financial manager can use in identifying the cost of various forms of capital and choosing projects that are “profitable” to the firm. Based on our earlier discussions, we know there is a significant relationship between a firm’s cost of capital and capital budgeting decisions. In order to decide whether a project is desirable, a financial manager uses the cost of capital the firm faces to determine the project’s net present value; or compare the project’s IRR with the cost of capital. In addition, we also know that the cost of capital a firm faces might not be constant (i.e. the firm’s MCC schedule might experience several break points). In that case, how does a firm decide what is the appropriate cost of capital? And how does it decide the optimal budget it needs for project investments? In order to answer those questions, we need to first look at a firm’s investment opportunity schedule (IOS). The Investment Opportunity Schedule (IOS) The concept behind the IOS is very similar to that of the MCC schedule. The MCC schedule represents the cost of capital faced by the firm (ranking from the cheapest to the most expensive) while the IOS represents the projects that are available to the firm (ranking from the most desirable to the least desirable). In order...
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...Course Code ECO111 Course Category Course Title MICRO ECONOMICS Courses with conceptual focus Course Planner 12526::Pooja Kansra Lectures 4.0 Tutorials Practicals Credits 1.0 0.0 5.0 TextBooks Sr No T-1 Title Microeconomics Theory and Applications Reference Books Sr No R-1 R-2 R-3 Other Reading Sr No OR-1 OR-2 OR-3 OR-4 OR-5 OR-6 OR-7 Journals articles as Compulsary reading (specific articles, complete reference) Kwang Ng,Yew,Why Is a Financial Crisis Important? The Significance of the Relaxation of the Assumption of Perfect Competition,International Journal of Business and Economics,2009,Vol.8,No.2,91-114 , Roman Indrest and Tommasso Valletti,Price Discrimination in input markets,The Rand Journal of Economics,Vol. 40,No.1,Spring 2009,1-19 , Cordtz,Dan,Car wars: A global report on Auto Industry,FInancial World,August 22,1989;158,17;ABI/INFORM Global , S.k.Mishra,A Brief History of Production Functions,The IUP Journal of Managerial Economics,November,2010,Vol. VIII,No. 4,pp.6-34 , Monika Jain,Paradox of Plenty,with Special Reference to Inelastic Demand for Apples,The IUP Journal of Managerial Economics,May,2011,Vol. IX,No. 2,pp.4455 , Cathy Locke Bee Staff Writer. The Sacramento Bee ,"EID report reveals household water use on rise An analysis of supply, demand recommends holding off on meters" http://search.proquest.com/docview/246565304?accountid=80692 , Yeung; Vincent Mok,Regional monopoly and interregional and intraregional competition :The parallel trade in coca cola between...
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...Final Project- Kitchen Renovation Mary Shaw Project Overview: This project involves the remodeling of the kitchen by removing current walk in pantry and moving it to the other side of the kitchen. This remodel also includes making dining room space out of area where the old panty was. We are also relocating the laundry room and adding a powder room. We will be replacing the fixtures, tiles, adding doors and a toilet and sink. Our objective is to create a whole new environment and one that is accommodating us with the evolving changes in our lives also as one that offers a feeling of comfort and family on a daily basis. Problem/ Result Statement: There is currently no dining room for family dinners or every day meals; there is no bathroom accessible without going through the master bedroom or guest room. Also the current location of laundry room interferes with the TV when the dryer or washer machine is running and it is hard to hear the TV. This new remodel will open up the living area and give the space a more warm inviting homey space. Mission Justification: The mission is to build a family foundation that emanates a spiritual strength which focuses on promoting a sense of peace and tranquility with oneself. The remodeling of the kitchen will undoubtedly reflect this philosophy because the new dining room, addition of powder room and relocating the laundry room will change the feel and look of the house. By now having a dining room we...
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...Course Outline School: Department: Course Title: Course Code: Course Hours/Credits: Prerequisites: Co-requisites: Eligible for Prior Learning, Assessment and Recognition: Originated by: Creation Date: Revised by: Revision Date: Current Semester: Approved by: Business Graduate Studies Accounting for Managerial Decision Making ACCT 701 56 N/A N/A Yes Basil Chan, John Harris Summer 2013 Geoffrey Prince Summer 2014 Winter 2015 Chairperson/Dean Students are expected to review and understand all areas of the course outline. Retain this course outline for future transfer credit applications. A fee may be charged for additional copies. This course outline is available in alternative formats upon request. ACCT 701 CENTENNIAL COLLEGE Accounting for Managerial Decision Making Course Description This course will introduce the student to the principles of management accounting. Topics include costvolume-profit relationships, relevant costing, performance measurement, and the application of management accounting concepts and techniques to support business decision making. Program Outcomes Successful completion of this and other courses in the program culminates in the achievement of the Vocational Learning Outcomes (program outcomes) set by the Ministry of Training, Colleges and Universities in the Program Standard. The VLOs express the learning a student must reliably demonstrate before graduation. To ensure a meaningful learning experience and to better understand...
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...Case Study #4: Public Budgeting-Death of a Spy Satellite Program Wideline Servius Columbus State University 1) Why does Irene Rubin at the outset argue that "public budgets are not merely technical managerial documents; they are also intrinsically and irreducibly political"? Do you agree or disagree based on your reading of the case "County Prison Overtime" Irene Rubin’ view that public budgets are not merely technical managerial documents and that they are also intrinsically and irreducibly political is because public budgets reflect the choice of government. As a general rule of thumb, government chooses to go along with programs that fit their own political agenda. Programs should reflect a general consensus about what kind or type of services that government should provide to the people. She argued that budgets should reflect priorities. Should government spend money on national defense or on public welfare? or should government spend money on the criminal justice system rather than nuclear power? She also believes that budgets should reflect broader public goals, meaning that legislators ought to listen their constituency and approve more spending to satisfy their needs. She further stated that government should be accountable. People always want to know if government is following their preferences and keep its promises. They also want to know that there isn’t any waste and want to see solid outcome. Irene also thinks that budgets should ensure that taxation is...
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...Kathryn Nesrallah October 18th, 2012 Table of Contents 1. Project Name 2 2. Business Case 2 3. Project Objectives 2 4. Scope/Major Deliverables/Proposed Process 2 I. In Scope 2 II. Out of Scope 2 5. Related Products and Deliverables and Proposed Resource List 3 6. Project Customers 3 7. Customer Requirements 3 8. Customer Needs/ Key Attributes 3 9. Project Stakeholders 3 10. Project Manager and Authority Level 4 11. Preliminary Schedule 4 12. Preliminary Budget/Cost Estimate 4 13. Approval Requirements 5 1. Project Name Wedding of Mary-Jo and Bobby Doe 2. Business Case Today, a bride and a groom face a tremendous amount of pressure with the process of plan a wedding. This has demonstrated an increase in the need for a wedding planner. They provide the ability to alleviate the stress by taking control over all necessary responsibilities that come with planning a wedding. The purpose of this charter is to arrange, organize and implement the wedding of Mary-Jo and Bobby Doe’s. Accommodations will be provided for approximately 150 friends and family members. 3. Objectives Project team members have a widespread background in wedding/event coordination. They maintain...
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...The document consists of checklists, costs, charter, scope statement, Gantt chart, impact matrix, summaries and other project deliverables. The contents of the document will be displayed by each week’s deliverables. Intended Audience Audience: - David Green (Project Integration Teacher) - The Wedding Project Team Members . Table of Contents Document Outline Intended Audience Table of Contents 1 Week 1 1.1 Checklist 1.2 Research of Costs 1.3 Project Charter Version 1 2 Week 2 2.1 Scope Statement 2.2 Work Breakdown Structure 2.3 Gantt Chart 2.4 Model Costs 2.5 Probability Impact Matrix 3 Week 3 3.1 Website 3.2 Money Spent Summary 3.3 Help Chelsea Deal with her Sister 4 Week 4 4.1 Contingency Plans 4.2 Virtifyed Checklist 4.3 Updated (Project Charter, Scope, Gantt Chart) 4.4 New Risk Information 5 Week 5 5.1 Presentation 5.2 Lessons learned 5.3 Wedding Planner Research 5.4 Conclusion (FINAL) 1 Week 1 1.1 Checklist Below contains the wedding checklist and its containments of what’s to be dealt with for the wedding itself. It’s a basic list that has been compiled from the Wedding Project scenario. Wedding Checklist: •Wedding dress •Bridesmaid dresses x...
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...ORLEANS 2013 Budget Proposal October 29th, 2012 10/29/2012 Mayor’s Office of Communications 2013 Budget Presentation • Background • Performance Management/Review of Improvements • 2013 Budget Proposal 2 2013 Budget Proposal Funding Cuts at the State and Federal level are posing significant budgeting challenges for municipalities across the U.S. ● Nearly 48% of cities plan to reduce workforce this year ● Los Angeles predicts over 200 City jobs will be eliminated due to budgetary challenges ● San Bernardino closing all but one library and reducing 100 jobs including Police and Fire positions ● The State of Louisiana is not meeting its obligation to fund District Attorney, Indigent Defender, or mental health We must continue to take action to be smart about how we get smaller 3 2013 Budget Proposal The Landrieu Administration addressed an inherited $97M spending gap Budget Comparison $550M 2009 Expenditure $528M 500 110 450 $431M $97M Gap 400 418 431 Gap Recurring Revenue 2010 350 300 2009 Note: One-time revenue sources not included in chart 4 2013 Budget Proposal First step to eliminating gap was to reverse the spending trend Annual Expenses $550M $528.0M $496.0M 500 $483.0M $479.9M $477.8M* $50.2M Difference 450 400 350 *= Proposed $477.8M expenditure does not include $13.4M appropriation to fund balance. Including fund balance contribution, the City is proposing a budget of $491.4M in...
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...KENYATTA UNIVERSITY NAME : JAMES KARIU MACHARIA REG NO : J17S/10565/2009 CONTACTS : 0728617714 E-MAIL : macharia.jimmo@gmail.com SCHOOL : ENGINEERING AND TECHNOLOGY DEPARTMENT : C.I.T UNIT CODE : SCT 400 UNIT TITLE : PROJECT TASK : PROJECT PROPOSAL PROJECT TITLE : HOMELAND HOTEL ONLINE RESERVATION SYSTEM SUPERVISOR : Mr. Kennedy Gichaba Siika DATE : 2/11/2012 Table of Contents CHAPTER ONE 3 INTRODUCTION 3 Background of the Study 3 Problem Statement 3 Goal 3 Objectives 4 Scope and Limitation of the Study 4 Justification 5 CHAPTER TWO 6 LITERATURE REVIEW 6 Introduction 6 (a) Case Study 1 - Swiss-Garden Hotel 6 (b) Case Study 2 - Shangri-La Hotel 6 Summary 7 CHAPTER THREE 8 METHODOLOGY 8 Time Schedule 11 Budget 12 REFERENCES 13 CHAPTER ONE INTRODUCTION Background of the Study Kenya is a growing tourist destination for people from diverse nations and this has greatly contributed to growth of Nairobi which is now becoming a global competitive city. The rapid development and commercialization of Information and Communication technologies (ICTs) in Nairobi industrial sectors such as travel and tourism have prompted Hotels to increasingly adapt to these technologies. ICT based products and processes enables hotels to enhance the operating efficiency, improve service experience as well as provide a means to access markets on a global basis. Problem Statement Homeland Hotel have for long time been using paper records kept in filing cabinets as a method...
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...POLITECNICO DI MILANO Muğla Marble Quarry Project Management final work Written by: Assaf Shklar Emre Yağmurlu Ceren Bayazit Vahid Golabi Rodrigo Esteban Perez Muğla Marble Quarry Contents 1.Introduction ....................................................................................................................... 5 2.Project Charter ....................................................................................................................... 6 1.General information ........................................................................................................... 6 2.Project stakeholders ........................................................................................................... 6 3.Charter executive summary ............................................................................................... 6 4.Project purpose .................................................................................................................. 7 a.Business need ................................................................................................................. 7 b.Business objectives......................................................................................................... 7 5.Project overview ................................................................................................................. 7 a.Project description ..............................................................................
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...By appointment or chance COMMUNICATIONS CONSULTANT: Ms. Rama Ramamurthy 640 Fisher Hall ramamurthy.3@osu.edu 292-7397 Office Hours: REQUIRED TEXT MATERIALS: Anthony and Govindarajan. Management Control Systems, Eleventh edition. Homewood: Irwin, Inc., 2004 (abbreviated A&G) Supplementary materials (abbreviated S) are sold in a package by CopEz. Some supplementary items may be distributed in class or made available on the Internet. OPTIONAL MATERIALS FOR REFERENCE: Horngren, Charles T., George Foster, and Srikant M. Datar. Cost Accounting: A Managerial Emphasis. Eleventh edition. Upper Saddle River, NJ: Prentice-Hall, 2003 (or another cost accounting text) Kaplan, Robert S., and Robin Cooper. Cost and Effect: Using Integrated Cost Systems to Drive Profitability and Performance. Cambridge, MA: Harvard Business School Press, 1998. Kaplan, Robert S., and David P. Norton. The Balanced Scorecard: Translating Strategy into Action. Cambridge, MA: Harvard Business School Press, 1996. Porter, Michael E. Competitive Advantage: Creating and Sustaining Superior Performance. New York: The Free Press, 1985. Ronstadt. The Art of Case Analysis. Third edition. Lord Publishing, 1993. (1-800-525-5673) COURSE METHOD: The requiring reading for the course includes cases and chapters contained in the assigned textbook and supplementary materials. Most class...
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...FI504 Case Study 3 on Cash Budgeting The cash budget was covered during Week 4 when we covered TCO D and you read Chapter 7. There is also a practice case study to work on. Your Professor will provide the solution to the practice case study at the end of Week 5. This case study should be uploaded by 11:59PM Mountain time of the Sunday ending Week 6 to the Week 6 Assignment Dropbox. You are encouraged to use the Excel template file provided in Doc Sharing. The Oxford Company has budgeted sales revenues as follows: July August September Credit sales $30,000 $24,000 $18,000 Cash sales 18,000 51,000 39,000 Total sales $48,000 $75,000 $57,000 Past experience indicates that 60% of the credit sales will be collected in the month of sale and the remaining 40% will be collected in the following month. Purchases of inventory are all on credit and 50% is paid in the month of purchase and 50% in the month following purchase. Budgeted inventory purchases are $65,000 in July, $45,000 in August, and $21,000 in September. Other budgeted cash receipts: (a) sale of plant assets for $12,350 in August, and (b) sale of new common stock for $16,850 in September. Other budgeted cash disbursements: (a) operating expenses of $6,750 each month, (b) selling and administrative expenses of $12,500 each month, (c) dividends of $19,000 will be paid in August, and (d) purchase of equipment for $6,000 cash in September. The company has a cash balance of $10...
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...FI504 Case Study 3 on Cash Budgeting The cash budget was covered during Week 4 when we covered TCO D and you read Chapter 7. There is also a practice case study to work on. Your Professor will provide the solution to the practice case study at the end of Week 5. This case study should be uploaded by 11:59PM Mountain time of the Sunday ending Week 6 to the Week 6 Assignment Dropbox. You are encouraged to use the Excel template file provided in Doc Sharing. The Oxford Company has budgeted sales revenues as follows: July August September Credit sales $30,000 $24,000 $18,000 Cash sales 18,000 51,000 39,000 Total sales $48,000 $75,000 $57,000 Past experience indicates that 60% of the credit sales will be collected in the month of sale and the remaining 40% will be collected in the following month. Purchases of inventory are all on credit and 50% is paid in the month of purchase and 50% in the month following purchase. Budgeted inventory purchases are $65,000 in July, $45,000 in August, and $21,000 in September. Other budgeted cash receipts: (a) sale of plant assets for $12,350 in August, and (b) sale of new common stock for $16,850 in September. Other budgeted cash disbursements: (a) operating expenses of $6,750 each month, (b) selling and administrative expenses of $12,500 each month, (c) dividends of $19,000 will be paid in August, and (d) purchase of equipment for $6,000 cash in September. The company has a cash...
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