1) The goal of managerial accounting is to provide information that managers need for A) planning. B) control. C) decision making. D) All of the above Instructor Explanation: See Chapter 1, page 4. Points Received: 4 of 4 Question 2. Question : (TCO 1) Which of the following costs does not change when the level of business activity changes? a) Total fixed costs b) Total variable costs c) Total direct materials costs d) Fixed costs per unit Instructor Explanation:
Words: 2839 - Pages: 12
LO1 Understand the sources of finance available to a Business Finance is the most vital thing to run the business. Companies operating as commercial entities must have sufficient cash balances to facilitate their smooth operations. Cash requirement can be raised from different sources, ranging from equity, various forms of debt, to internally generated funds through retained earnings which would otherwise be distributed to shareholders (Myers and Myers, 1991; J. Gitman, 1991). The sources of finance
Words: 5525 - Pages: 23
important factors. Many changes are being made to the CPA Exam in the near future, so individuals who are planning to take the exam should be aware of the changes that will be incorporated into the upcoming versions. Keywords: CPA, process, advantages and disadvantages, exam, license, salary. CPA Process Anyone who has known a CPA has probably heard how much he/ she had to study and how difficult it was to obtain a CPA license. However, even though it takes additional college education and studying
Words: 2919 - Pages: 12
to as the "contract" retail circle) or inaccurate accounting practice. 1.1 Advantage and Disadvantage of hold inventory First advantage is improving customer service. By hold inventory can increase investment in inventory may result in a higher level of customer service and able to meet and anticipate customer demand. It also prompts and precise customer order upon request. Second advantage of hold inventory is economies of scale. Take advantage of per unit price reduction for purchasing in large
Words: 2046 - Pages: 9
process of input maximization with the scarce resources. This process calls for maximizing opportunities within an organization through the adoption of proper management procedures. These procedures will not only help an organization reduce its overall costs but will also ensure that it achieves its strategic goals. Many a time, the ideas in an organization outweighs the scarcity of resources. However, an organization can review its strategic plans against the ideas available to prioritize its objectives
Words: 3701 - Pages: 15
CHAPTER 1 Introduction to Corporate Finance Compensation of corporate executives in the United States continues to be a hot-button issue. It is widely viewed that CEO pay has grown to exorbitant levels (at least in some cases). In response, in April 2007, the U.S. House of Representatives passed the “Say on Pay” bill. The bill requires corporations to allow a nonbinding shareholder vote on executive pay. (Note that because the bill applies to corporations, it does not give voters a “say on
Words: 7653 - Pages: 31
________________________ Date: ________________________ Abstract In today’s growing market many businesses are turning towards automated systems to perform their everyday tasks. Automated systems have proved to outdate the cost and time wasting processes that are done and completed by manually while providing most businesses with more accurate and reliable data. The system will handle the processes in a well-manner running on a specific time, reducing the overwhelming power
Words: 6438 - Pages: 26
Define 4 Consistent , how much price you are willing to pay per one unit of earnings Make sure to use the same computation across firms: Current EPS Last year’s: trailing EPS Expected next year → forward P/E Primary, diluted, partially diluted Before or after extraordinary items Measure using different accounting rules Etc..... 2 3/14/2014 P/E- Describe (January 2008) 5 In January out of 6800
Words: 2214 - Pages: 9
FINANCIAL ACCOUNTING COURSE ASSESSMENT 1 Assessment Reference: FACC/July 12/1 Name: Rasha Abdelwahed Student Number: 8026415 It is widely accepted that accounting information should be useful to the users of financial Statements. (a) Explain who the users of financial statements are, and explain whether you believe that different user groups have different information needs. Accounting is the process of
Words: 3655 - Pages: 15
Lease It is a non-cancellable agreement; where the lessee has to make periodic payment of rental over a specified period to lessor, and the lessee has to maintain the asset leased in good condition and to take out adequate insurance coverage. Advantages of Leasing • The total financing of the investment objects which leads to a reduced own financial effort. Therefore, the supplementary financial resources can be used for the other investment projects or simply for maintaining an increased liquidity;
Words: 1225 - Pages: 5
