ACC 312 Fundamentals of Managerial Accounting Midterm Exam 1, Spring 2014 Test Form A SOLUTION Name ______________________________________________________________________ UTEID ____________________________________ Instructor ____________________________________________ Class Days ___________________ Time ______________________ DO NOT OPEN until given instructions to do so. Instructions Pages are numbered sequentially, including this page. Confirm that you have 11 pages. 1. Answers
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the following products sold one day at a Best Buy store: A. Maytag refrigerator: Profit $1000 Unit price: $900 Quantity sold: 10 Total cost: $8,000 B. Canon digital camera: Profit $1000 Unit price: $250 Quantity sold: 25 Total cost: $5,250 C. Alan Jackson CD: Profit $1000 Unit price: $10 Quantity sold: 150 Total cost: $500 2) What do these three examples (from question 1) illustrate about profit? It illustrates that price affects quantities sold.
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stay competitive but be able to grow with the market. In order to accomplish this, a company must pay close attention to its total revenue earned versus its total costs incurred. It must maximize its earnings while assuring that the reward is outweighing the cost of pursuing that reward. MAXIMIZING PROFIT WITH MARGINAL ANALYSIS 3 Total revenue to total cost Of course we want to make money. We have also heard the term “it takes money to make money”. This is very true in any
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A budget allows a business to plan because it states what money is available and what the money can be used for. For example, a business has one hundred thousand pounds’ worth of a budget. Fifty thousand pounds of that budget has to be spent on wages, twenty thousand has been spent on table and chairs, ten thousand has been spent on IT, ten thousand has to be spent on resources such as paper, printer ink and stationery and the remaining ten thousand has to be spent on lighting. This example has planned
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Discovery Driven Planning Proprietary Material © K.E. Homa So, what’s the problem? • When evaluating the financial attractiveness of ‘opportunities’, most companies do detailed financial projections going out 3, 5, or 10 years ... or more. • The financial projections are usually driven by ‘point estimates’ of demand (or sales) that are built on layers of assumptions and, thus, are difficult to forecast with any reasonable degree of precision. • So, the financial projections themselves
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costs are fixed and are not affected by the decision. Per Unit Total for 10 Bracelets Incremental revenue $349.95 $3,499.50 Incremental costs: Variable costs: Direct materials $143.00 1,430.00 Direct labor 86.00 860.00 Variable manufacturing overhead 7.00 70.00 Special filigree 6.00 60.00 Total variable cost $242.00 2,420.00 Fixed costs: Purchase of special tool 465.00 Total incremental cost 2,885.00 Incremental net operating income $
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Exercices de français- classe de 6ème Pronoms Personels : Exercice 1 : completez les tirets par les pronoms personels : le, la, les, l’ ------------------------------------------------- Top of Form 1. Tu mets ta robe rouge ? ; oui, je……….. mets. 2. Le car arrive; je…………vois. 3. Il cherche son peigne ? Oui, il………….cherche. 4. Mes amis entrent; je…………accueille. 5. Il y a un oiseau dans l'arbre; …………. entends-tu ? 6. Ils essaient ces pantalons ? Oui, ils………..essaient
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Le principe éthique d’utilitarisme prêche de maximiser le bonheur, ou de minimiser la douleur, pour le plus grand nombre d’individus, que la fin justifie les moyens. Selon cette doctrine, il est facile d’argumenter en faveur de la bombe atomique de la deuxième guerre mondiale : la mort de 140,000 personnes (dont 20,000 soldats) [1] a démoralisé le Japon, permettant une fin rapide à une guerre qui avait déjà coûté des millions de vies. La méthode utilisée était brutale et indésirable, mais assurément
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