...wiL1084x_fm_i-xxiv_1.indd Page i 1/10/11 7:53:00 PM user-f499 /Users/user-f499/Desktop/Temp Work/Don't Delete Job/MHBR231:Wild:203 Managerial Accounting John J. Wild University of Wisconsin at Madison Ken W. Shaw University of Missouri at Columbia 3 rd edition wiL1084x_fm_i-xxiv_1.indd Page ii 1/10/11 9:14:31 PM user-f499 /Users/user-f499/Desktop/Temp Work/Don't Delete Job/MHBR231:Wild:203 To my students and family, especially Kimberly, Jonathan, Stephanie, and Trevor. To my wife Linda and children, Erin, Emily, and Jacob. MANAGERIAL ACCOUNTING Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright 2012, 2010, 2007 by The McGraw-Hill Companies, Inc. All rights reserved. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 DOW/DOW 1 0 9 8 7 6 5 4 3 2 1 ISBN 978-0-07-811084-9 MHID 0-07-811084-X Vice president and editor-in-chief: Brent Gordon Editorial director: Stewart Mattson Publisher: Tim...
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...Larson−Wild−Chiappetta: Fundamental Accounting Principles, Seventeenth Edition 1. Accounting in Business Text © The McGraw−Hill Companies, 2004 “I love chocolate, and so I’m having fun making money”—Elise Macmillan (Evan Macmillan on right) 1 Accounting in Business A Look at This Chapter Accounting plays a crucial role in the information age. In this chapter, we discuss the importance of accounting to different types of organizations and describe its many users and uses. We explain that ethics are crucial to accounting. We also describe business transactions and how they are reflected in financial statements. A Look Ahead Chapter 2 further describes and analyzes business transactions. We explain the analysis and recording of transactions, the ledger and trial balance, and the double-entry system. More generally, Chapters 2 through 4 focus on accounting and analysis, and they illustrate (via the accounting cycle) how financial statements reflect business activities. Larson−Wild−Chiappetta: Fundamental Accounting Principles, Seventeenth Edition 1. Accounting in Business Text © The McGraw−Hill Companies, 2004 Learning Objectives CAP Conceptual Analytical Learning Objectives are organized by conceptual, analytical, and procedural. Procedural prepare basic financial P1 Identify andand explain how they statements interrelate. (p. 17) C1 Explain the purpose and importance of accounting in the information age. (p. 4) A1 Define...
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...Larson−Wild−Chiappetta: Fundamental Accounting Principles, Seventeenth Edition 5. Accounting for Merchandising Operations Text © The McGraw−Hill Companies, 2004 “I felt we should go into something that we had some connection to”—Dwayne Lewis (standing; Michael Cherry sitting) 5 A Look Back Accounting for Merchandising Operations A Look at This Chapter This chapter emphasizes merchandising activities. We explain how reporting merchandising activities differs from reporting service activities. We also analyze and record merchandise purchases and sales transactions and explain the adjustments and closing process for merchandisers. A Look Ahead Chapter 6 extends our analysis of merchandising activities and focuses on the valuation of inventory. Topics include the items in inventory, costs assigned, costing methods used, and inventory estimation techniques. Chapter 4 focused on the final steps of the accounting process. We explained the importance of proper revenue and expense recognition and described the closing process. We also showed how to prepare financial statements from a work sheet. Larson−Wild−Chiappetta: Fundamental Accounting Principles, Seventeenth Edition 5. Accounting for Merchandising Operations Text © The McGraw−Hill Companies, 2004 Learning Objectives CAP Conceptual Analytical Procedural merchandising activities C1 Describeincome components for aand A1 Compute the acid-test ratio and explain its use to assess liquidity...
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...Chapter 1/Lesson 1 Key Terms: archaeology | The study of the human past, combining the themes of time and change. | culture | A uniquely human means of nonbiological adaptation; a repertoire of learned behaviors for coping with the physical and social environments | artifact | Any object or item created or modified by human action. | evolution | The process of change over time resulting from shifting conditions of the physical and cultural environments, involving mechanisms of mutation and natural selection. | fieldwork | The search for archaeological sites in the landscape through surveys and excavations. | site | The accumulation of artifacts and/or ecofacts, representing a place where people lived or carried out certain activities | survey | A systematic search of the landscape for artifacts and sites on the ground through aerial photography, field walking, soil analysis, and geophysical prospecting. | shell midden | A mound of shells accumulated from human collection, consumption, and disposal; a dump of shells from oysters, clams, mussels, or other species found along coasts and rivers, usually dating to the Holocene. | excavation | The exposure and recording of buried materials from the past. | ethnography | The study of human cultures through firsthand observation. | economy | The management and organization of the affairs of a group, community, or establishment to ensure their survival and productivity. | technology |...
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...Econ 511: Managerial Microeconomics Spring 2010 Syllabus Department of Economics Business School HKUST Yuk-fai Fong (房育辉) Time and Venue: Section 1: 9:00 a.m. – 12:20 p.m., Saturday, April 9 – June 4 (except April 23) Section 2: 2:30 p.m. – 5:50 p.m., Saturday, April 9 – June 4 (except April 23) Venue: Room Rm 4219 (Lift 19) Instructor: Yuk-fai Fong Email: y-fong@kellogg.northwestern.edu Phone: 2358-7600 Office Location: Room 3434 Email is always a great way to reach me. Office Hours: By appointment Course Web Site: http://lmes2.ust.hk Course Description Businesses exist to create and capture economic value. A business creates value by combining inputs such as labor, materials, and capital to make products and services that consumers need and desire. And it survives and thrives by charging a price that equals or exceeds the cost of delivering the products and services that consumers value. In this course, students learn how businesses optimally create and capture value and how their abilities in doing so are impacted by various market forces and the strategic interaction among players in the industry. A good understanding of the 1 economic principles that govern the distribution of value in markets is critical to formation of a successful and sustainable business strategy. Learning Objectives: Understand and apply tools, concepts, and theories from microeconomics to perform industry and demand analyses. Apply demand and supply analyses in predicting...
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...students to understand why employees behave the way they do and also there by predict how they are going to behave in the future. It is the study of how people think, feel and act in the organisational setting. Prediction and understanding of the behavior of employees as an Individual and in Groups. K. Aswathappa, Organisational Behaviour Stephen P. Robbins, Organizational Behavior. Trimester Credits : 1st :3 Learning Outcome: Text Book: Text Books are only indicative and not subjective and also not a limiting exercise. Being the Post Graduate Students you are required to refer to the online and offline journals. Besides you should also refer to other publications (Journals and Magazines) and books on the subject. Evaluation: Case Studies Current Issues Quiz / Surprise Test Mid Term Class Attendance End Term : : : : : : 15 Points 10 Points 10 Points 10 Points. 05 Points. 50 Points. Case Studies: This would involve the Groups of students taking up a case assigned to them for analysis and Presentation in the class. Besides, students need to produce the Individual analysis in writing of two cases for their evaluation as instructed by the course instructor. Current Issues: This would involve the Groups of students taking up an issue assigned to them. They are required to formulate the solutions to the issues with the help of theories and concepts they have acquired in the class and make presentation of those. Quiz and Surprise Test: There would be 2 (two) surprise quizzes during...
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...does not like swats likes individual analysis of competition and what can they kill you with. 3. Company & Competition Compare Together 4. Consumer 5. Customer -Market segmentation - Target markets - Brand loyalty - Customer relationship marketing - Need, want, perceptions, attitudes, behaviors, buying cycle, motivations, CRM Customer & Consumer / Influencers Analysis 6. Centers of Influence 7. Collaborators – Analysis of Collaborators. Do they make or break your product? 8. Context * PESTLE (Perceived Lack, Sociological shifts, technological trends overtime, Legal Regulatory, Environmental) Individual Marketing Plan Chapter 2 Page 28-29 1. Executive Summary 2. Situational Analysis 4 P’s Product (what is the solution not the product) Branding Promotion Provides information and incentives, Price is what they see and value is what they see. & Placement really is access to product or service. Relationships with customer’s reason why you have the business. Acquiring and retaining customers. 3. Marketing Goals, Objectives and Summary 4. Strategic Alternatives 5. Tactical Marketing Plan 6. Exhibits (Summarize exhibits in body) Oct 1 minute per slide Write out what your saying in the body. Uses a scoring system 1. Comprehensiveness – Depth to tell a complete story 2. Conciseness- Maximum impact for words and numbers used. 3. Stragic Analytics – Use as many...
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...Chapter 8 Verónica Rosendo Ríos © Observation Business Research Methods Verónica Rosendo Ríos Enrique Pérez del Campo Marketing Research CHAPTER 8. Observation “Never trust to general impressions, my boy, but concentrate yourself upon details.” Verónica Rosendo Ríos © Sir Arthur Conan Doyle “I believe in evidence. I believe in observation, measurement, and reasoning, confirmed by independent observers. I'll believe anything, no matter how wild and ridiculous, if there is evidence for it. The wilder and more ridiculous something is, however, the firmer and more solid the evidence will have to be. ” 1-2 ISAAC ASIMOV Marketing Research CHAPTER 8. Observation CONTENTS General concepts and characteristics Observation types Observation applications Pseudo-purchase Verónica Rosendo Ríos © 1-3 Marketing Research CHAPTER 8. Observation • OBSERVATION: Verónica Rosendo Ríos © “Tools researchers can use to collect primary data about human behavior and marketing phenomena, regardless of the research design, whether exploratory, descriptive or causal” Hair et al. 2006 1-4 Marketing Research CHAPTER 8. Observation Verónica Rosendo Ríos © • Advantages of observation: • They allow measurement of actual behavior rather than reports of intended or preferred behavior. • There is no reporting bias, and potential bias caused by the interviewer and the interviewing process is eliminated or reduced...
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...CHAPTER - 1 INTRODUCTION Introduction: In their 1981 book, Positioning: The Battle for your Mind, Al Ries and Jack Trout describe how positioning is used as a communication tool to reach target customers in a crowded marketplace. Regular use of the term dates back to 1972 when the same authors published a series of articles in Advertising Age called "The Positioning Era." Not long thereafter, Madison Avenue advertising executives began to develop positioning slogans for their clients and positioning became a key aspect of marketing communications. Positioning: The Battle for your Mind has become a classic in the field of marketing. The following is a summary of the key points made by Ries and Trout in their book What is Positioning? Positioning is a platform for the brand it facilitates the brand to get through to the target consumers. Positioning is act of fixing the locus of the product offer in the minds of the target consumers. In positioning, the firm decides how and around what parameters, the product offer has to be placed before the target consumers. The significance of product positioning can be easily understood from David Ogilvy’s words; the results of your campaign depends less on how we write your advertising than on how your product is positioned. Most authors define positioning as the perception that a target market has of a brand relative to its competitors. This definition raises two points. First, positioning is perceptual. In other...
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...CHAPTER I INTRODUCTION Background of the Study Fishes are caught essentially for consumption. However, catching fish happens to be a well-known recreational pastime as well. Recreational fishing is also known as sport fishing. The main motive behind recreational fishing is pleasure or relaxation along with competition in some cases. It should not be mixed with subsistence or commercial fishing. While subsistence fishing is for basic survival, commercial fishing is essentially for profit. In some countries, recreational fishing has various rules as well as regulations to follow and enjoy the process. The regulations that are imposed on recreational fishing include the laws and the licensing restrictions that deal with limiting the procedures by which the fish might be caught. The most typical of these restrictions include prohibition in using nets and using hooks that are not into the mouth. The most usual form of such fishing is done with the aid of line, reel, rod, hooks, etc. These devices should be used along with the huge range of available baits. In order to help the individuals in the act of fishing, devices called terminal tackle are also used widely. The devices that are generally considered under terminal tackle include floats, swivels, weights, etc. These devices usually help to complement the bait that is being presented to the target. Sometimes lures, instead of baits are also used in recreational fishing. Some of the enthusiastic individuals insist...
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...Chapter 1 1. What is sociology? The study of people in groups. 2. What is the Sociological Imagination? The ability to see the relationship between individual experiences and the larger society. 3. For what is Auguste Comte known? The father of sociology. French philosopher. 4. When did sociology start? Industrial revolution in Europe. 5. What is Symbolic Interaction? Communication through words and gestures. 6. Who are the founders of Symbolic Interaction? European Founder: Georg Simmel (German Sociologist) American Founder: George H. Mead (Amer. Sociologist) Others – Jane Addams (Amer. Sociologist): Established Hull House W.E.B. Du Bois (Amer. Sociologist): Founded the 2nd Department of Sociology at Atlanta University Harriet Martineau (Brit. Social Observer): Chronicled the lives of women and slave in pre-Civil War America 7. Where was the first Department of Sociology in America founded? University of Chicago. Founded by Albion Small (Amer. Sociologist) 8. What is Functional Analysis? How the puzzle pieces fit together. 9. Who are the founders of Functional Analysis? European Founder: Emile Durkheim (French Sociologist). Coined the term anomie. American Founder: Talcott Parsons (Amer. Sociologist) Others – Robert King Merton (Amer. Sociologist): Wrote about Manifest & Latent Functions. Herbert Spencer: “Survival of the fittest.” Theory of General Evolution. 10. What is Conflict Theory? Haves vs. haves not. ...
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...The book is organized around three components to facilitate the integration of criminological knowledge: (1) how social context can be criminogenic, (2) how risk factors influence the individual development of criminal behavior; (3) mechanisms by which social context and individual development interact to explain crime. Because this is an edited book, the chapters are written by different authors who focus on specific questions. M. Bunge presents the limitations of holistic and individualist perspectives on crime and the benefits of a systemic (i.e. integrative) perspective. R. J. Sampson discusses whether there are contextual effects on individual development; and what causal mechanisms are involved in order to explain community variations in crime rates. P. O. H. Wikström emphasizes the importance of identifying what moves individuals to commit acts of crime when investigating explanations of individual differences in crime involvement, area and place variation in crimes rates, and changes over time in the crime rate of a geographical location. T. Moffitt and A. Caspi review studies using behavioral-genetic designs to address the interplay between measured environmental risks and genetic risks in the origins of antisocial behavior: evidence about gene-environment interactions suggests that environmental risks can affect some people more strongly in genetically vulnerable segments of the population. R. Loeber, N. W. Slot, and M. Stouthamer-Loeber uses unconventional three-dimensional...
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...Chapter I INTRODUCTION Background of the Study One of the major sources of protein in human diet is fish. In fact, marine animals were assumed by ancient writers to be symbols of good health. However, nowadays, marine animals are far from being representatives of good health. They are subjected to diseases just as much as their terrestrial counterparts. Disease, in fishes, is closely linked to environmental stress. In the wild, they generally have some degree of freedom to modify their environment. They can move to more suitable conditions if faced with a negative environmental change such as a reduction in oxygen level. In culture conditions, on the other hand, they have limited opportunity to choose their external environmental conditions. Most individual fish, may it be in wild or cultivated populations are infected with parasites. The number of parasites necessary to cause harm to the fish varies considerably with the species and size of the host and its health status. Many parasite species are host-specific to at least some degree and are capable of infecting one or only a limited number of host species. Parasites disease of fish (and livestock) reduces the amount of food available to people around the globe. This is why many researchers mention that it is imperative to investigate the relationship between the environmental factors which affects the parasites that affect production and quality. Even today, it remains difficult to convince governments and...
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... the boys pay more attention to playing than to monitoring the fire, and the flames quickly engulf the forest. A large swath of dead wood burns out of control, and one of the youngest boys in the group disappears, presumably having burned to death. At first, the boys enjoy their life without grown-ups and spend much of their time splashing in the water and playing games. Ralph, however, complains that they should be maintaining the signal fire and building huts for shelter. The hunters fail in their attempt to catch a wild pig, but their leader, Jack, becomes increasingly preoccupied with the act of hunting. When a ship passes by on the horizon one day, Ralph and Piggy notice, to their horror, that the signal fire—which had been the hunters’ responsibility to maintain—has burned out. Furious, Ralph accosts Jack, but the hunter has just returned with his first kill, and all the hunters seem gripped with a strange frenzy, reenacting the chase in a kind of wild dance. Piggy criticizes Jack, who hits Piggy across the face. Ralph blows the conch shell and reprimands the...
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...CHAPTER 10: FUTURES ARBITRAGE STRATEGIES END-OF-CHAPTER QUESTIONS AND PROBLEMS 1. (Delivery Options) The U.S. Treasury bond futures contract contains several imbedded options. First, the wild card option results from a difference in the closing times of the spot and futures markets. The Treasury bond futures contract stops trading at 3:00 P.M. Eastern time. The spot market for Treasury bonds operates until 5:00 P.M. Eastern time. The wild card option is the opportunity the holder of the short futures contract has to lock in the invoice price at 3:00 P.M. and make delivery if the spot price falls below the established invoice price between 3:00 P.M. and 5:00 P.M. The option exists only during the delivery month. Second, the holder of the short position has the right to deliver any of a number of acceptable bonds, known as the quality or switching option. Sometimes the holder of the short position will be holding a bond that is not the best to deliver. A profit is sometimes possible by switching to another bond. Third, because the last day for trading a T-bond futures contract is the eighth-to-last business day of the delivery month and delivery can take place during the remaining business days, there is an end-of-the-month option. The invoice price during those final delivery days is based on the settlement price on the last trading day. Thus, during the last seven delivery days, the holder of the short position has full knowledge of the price that would be received for delivery...
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