Management Accounting Statement

Agenda – Submit term projects to TURNITIN ASAP – Assignment #2 due April 1st 1159pm • List the coauthor’s name in the subject line. • Teaching Evaluation • Transfer pricing (cont.) – Stanco Inc. • Review chapters 11 and 12 & the practice final – Practice Q1 and Q2 • Review chapters 8 and 9 and the practice final – Practice Q3 and Q4 ACTG 2020

Will Smith once said, “Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.” There are people in the world that get paid way too much for what they are doing. Professional athletes and actors get paid too much for their jobs. Some professional athletes get paid millions a year for just sitting the bench for half of the season and people that work their hardest in an office space can not even make that in a lifetime. The Miami Marlins signed Giancarlo Stanton for three hundred twenty five million dollars for him to play there for 13 years (Anastasia, 2015). An average American cannot come close to the amount to what a professional athletes.

Do athletes make too much money? Most people today think so because the amount of money they make for entertaining the public. Kobe Bryant makes more than a yearly teacher salary by making a single basket. Doctors and surgeons make life saving decisions every day and make significantly less than a rookie in a professional sport. An average professional athlete makes two million six hundred thousand dollars more than the president of the United States who makes critical decisions for our country. We have millions of people in poverty, while these athletes are making so much money, majority of the time they don’t know what to do with it. While these professional athletes bring so much entertainment into the world,

Lot’s of athletes get paid tons of money, do you know what it’d be like to have $5 mil. Most people make less in a lifetime than a pro athlete makes in a year. Plus they get paid more each year. Some athletes are paid more than they deserve.

Even Though athletes do work for there money they should not get paid that much. Athletes make way to much money for people's entertainment.

Professional athletes and entertainers should have high salaries because they work hard, they inspire other people to do great things on their own, and their salary helps pay for their injuries. One reason professional athletes and entertainers should have a high salary is because they be rewarded for their hard work. One would probably think conducting a song is easy or playing football is easy, but think again. To make a song, one would first have to make the lyrics, then spend many hours or days in the recording studio trying to find the perfect sound for the song. After the recording in studio, next would come the music video, which would take days or weeks, and then release the song to the public.

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The fact that most professional athlete get paid more than the president is crazy. Why are professional athletes paid so much? One of the reason for that is marginal revenue. Marginal revenue is the additional Revenue gained from selling one more unit. So, every time a consumer demands one more unit, the Firm sells one more unit and the revenue goes up by exactly the same amount equal to the market price. Basically, the players produce millions and the get a nice paycheck for their contribution because the labor profits the owners and anyone else who depends on the team success. Marginal revenue does not change as the players produce more output because the amount paid is determined by supply and demand and does not change as players play more.

Anytime people think of famous athletes, they think of them as role models to follow and superstars with a lot of money. What exactly do all of these athletes do with so much money? Do athletes get paid too much, according to this statement “The top 10 earners rake in a combined $496.9 million, and they sure do know how to treat themselves” (Melia). Professional athletes are making too much money in a society that wages are traditionally on the value of someone’s work. Some might argue that athletes get paid just right for the amount of effort and sacrifice they take every day in order to give the world the entertainment they want.

Athletes aren't paid a lot just because they play sports, they get paid a lot because we buy merchandise to support the team and the sport. The NBA made 4.7 billion dollars in revenue and only half of that goes towards the players, the other half goes towards a bunch of people who sit in rooms and suspended people in the league. Sports are considered one of america’s greatest past times. So why do athletes get criticised for making so much? Actors do what athletes do and that's entertain people, and just like actors only the best get paid the millions upon millions of dollars. Lots of people play sports as kids and some are even good enough to play college but, only few are good enough to go pro. Let alone be a star. In conclusion, entertainment is a huge part to the U.S so if movie stars get paid a lot athletes should

Like several companies, Nortel stipendiary their executives with stock choices (Collins, 2011). This compensation solely inspired the tendency to be but honest regarding the company’s finances. author closely-held stock choices that solely inspired his actions to fulfill or beat the benchmark set by analysts. If Nortel’s earnings showed to be higher than the benchmark, Nortel’s stock costs would rise creating the stock closely-held by management to be even a lot of valuable. By tweaking the books to indicate the road earnings price as critical the allowable accumulation price he created the stakeholders assume that the corporate was creating extra money than it had been. “Nortel ne'er incomprehensible a benchmark over the sixteen quarters (Collins, 2011).” it had been too tempting to bump the numbers up so the stocks gave the impression to be value over they were. “Nortel’s accounting practices junction rectifier to AN investigation by AN freelance review committee, that found that insubordination with accumulation and accounting fraud were undertaken to fulfill internally obligatory earnings targets (Collins, 2011).”

Company operates in the Industrial Sector – Services, and Industry – Regional Airlines. According to the Standard Industrial Classification System (SIC), company belongs to the industry group 451: Air

The dividends that stockholders receive and the value of their stock shares depend on the business’s profit performance. Managers’ jobs depend on living up to the business’s profit goals.

For instance, the concept of cost estimation which assists in estimating future expenditure as the expenditure depends on the cost of the respective activities can be applied in the setting of a budget which is simply an estimate and schedule of all costs required to be assigned to an activity. One can make an estimation of the resources required for an activity by applying the cost estimation techniques. Since there are limiting factors to each activity such as scarcity of resources for activities, the concept of constraints can be applied together with the concept of cost volume profit analysis to ensure that maximum benefits are driven from the scarce resources and the number of activities that are available. This facilitates the allocation of resources that most equitable and profitable. The theory of constraints is also applicable in the process of setting up budgets. In setting up budget one considers the amount of resources that are available and cannot therefore set a budget plan that exceeds the amount of resources that are available. This implies that the budget is constrained by the amount of

Management in business and human organization activity, in simple terms means the act of getting people together to accomplish desired goals. Management comprises planning, organizing, ->resourcing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.