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Question - "What is managerial accounting and what are the tools? Please also explain how each are used."
This course has covered various aspects of managerial accounting that are meant to give you the foundation needed to understand, analyze and evaluate a company's performance as a company manager as well as an external user of financial information.
Given your personal and professional goals, which of these tools will be of greatest benefit to you (describe at least 3)? Why? Be specific.
a city government estimates that they must accrue 1.5 million per employee to finance each employees retirement
Green with Envy provides environmentally friendly lawn services for homeowners. Its operating costs are as follows.
Determine the amount of cash paid for income taxes in each of the nine independent situations below. All dollars are in millions.
Journalize the annual adjusting entries that were made - prepare an income statement and a retained earnings statement for the year ending December 31, 2011, and a balance sheet at December 31.
Describe the purpose of a flexible budget. Suppose a manager claims flexible budgets are useful because costs are difficult to predict and flexibility is needed to change budgeted costs as input prices change.
Custom Metal Works Products uses a Job-order costing system. Overhead costs applied to jobs on the basis of machine hours, at the beginning of the year, management estimated that 85,000 machine-hours would be required for the period's estimated level..
Comment on the general manager's suggestion and the president's reaction. Support your answer with an estimate of the financial impact of rehiring the two workers.
Explain why a company with the lower gross margin percentage has the higher inventory turnover ratio.
When determining end of period production cost variances, which of the following product costs components will require flexing?
What is the target cost per unit if the company wants to maintain its same profit margin in total dollars before the change, and the Marketing division is correct?
What additional annual cost is the shop incurring by staying with this order size? Other than cost savings, what benefit would using the optimal order quantity yield?
HI5017 Managerial Accounting Assignment - You are required to prepare a report to recommend about ABC model for your company
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