Managerial Accounting for a Gaming App

We have to evaluate the performance of a distinctly diverse team aiming to create a business plan for MGI’s “Music Puzzle” Game to enter the HBS contest. The team comprised of MGI founders, Sasha, Igor and Roman, two HBS students Henry and Dana and subject matter experts Alex and Dav. In addition, we have to recommend actions for Henry Tam, which would foster better team dynamics to accomplish the task at hand.

cognizant of the fact that the choices he makes can affect the price a buyer pays

As is the case with the music industry, one of the biggest shifts to happen in the Videogames industry is the increase in accessibility of the tools and knowledge required to both develop and release videogames. This has given rise to the ‘Indie’ game movement, which consists of studios that are usually self-funded, have very few people working as staff and have the goal of successfully creating and releasing videogames without the need for financial help from any of the established videogame publishers. As a result of this, there is now an increase in demand for people working in videogame development.

Revenue Estimates Revenue Item 100% Monthly 75% Monthly 50% Monthly Notes Rooms $2,956,500 $2,217,375 $1,478,250 8,100 daily Leases $180,000 $135,000 $90,000 TOTAL REVENUE $3,136,500 $2,352,375 $1,568,250 Expences TOTAL VARIABLE COSTS $454,000 $340,500 $227,000 TOTAL FIXED COSTS $1,403,000 $1,403,001 $1,403,002 TOTAL EXPENSE BEFORE IT $1,857,000 $1,743,501 $1,630,002 EBIT $1,279,500 $608,874 -$61,752 Depreciation $320,000 $320,001 $320,002 EBITDA $1,599,500 $928,875 $258,250 Furnishing Interest $110,000 $110,000 $110,000 20yr Mortgage Interest $182,000 $182,000 $182,000 TOTAL INTEREST $292,000 $292,000 $292,000 TAXES (40%) $395,000.00 $126,749.60 -$141,500.80

Market live is an online game that helps to educate students in making real life business decisions and seeing their results. The game included five teams that were starting new companies entering the microcomputer business. They were given investment money to help them start their business. By using that capital to open sales offices, web sites, design their brand, and build their factory. Since microcomputer industry was in the introductory stage of the product cycle there was no previous history nor established competitors. The teams were given six quarters to get their companies up and running. In those quarters each team should have become self-sufficient and earned substantial profits from their operating decisions. The team’s cumulative performance

The FASB Accounting Standards Codification® is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied to nongovernmental entities.

SALES BUDGET: Budgeted unit sales Selling price per unit Total Sales April 65,000 10 650,000 May 100,000 10 1,000,000 June 50,000 10 500,000

Items of value to a company such as equipment or supplies needed for running an efficient business are called an asset. A liability is when a company owes for a service or pay for employees. After a liability is subtracted from an asset this becomes the owners interest in the company or owners’ equity. Regardless of the standards followed by accountants, they will always classify accounts into these three categories resulting in the Accounting Equation: (Editorial Board, 2012, p. 9- 10)

NOTE: This is your title page for the research paper in APA style. YOUR RUNNING HEAD IN ALL CAPS (a shortened version of your title no more than 50 characters). Be sure to type the words, Running head: and then place your shortened version of your title in all caps. Subheadings in the paper will derive from your brainstorming/prewriting research questions that are formed into phrases. Subheadings (for level one) are centered and bold. Always capitalize the important words in all subheadings including the title of the paper. You will more than likely have 5 to 7 subheadings. The entire paper must be double-spaced using

Creating a game with your own two hands is powerful, but it comes with sacrifice. With a self-diligent mind, Edmund McMillen, created a series of successful indie games. Each game was created with the help of a partner, and the games gained popularity and continue to grow in popularity (McMillen, 2011). Edmund conquered having the marketing and advertising pulled from his game, having no resources to test a game for bugs (issues that stop the game from working) before releasing a game, and creating a challenging and rewarding game for mobile phones.

The course outcomes for the ACT510Z-AGAC02S-01-Accounting Theory for Management Decisions - by Dr. Miller (Sullivan University, 2015a, P1) are:

MGI’s team has diverse talents: Igor and Roman are accomplished musicians. Sasha has a keen business and finance acumen, Alex has substantial experience in music and business, Dav is software developer and an MBA student at MIT, Dana is a finance and banking major and currently a HBS MBA grad while Henry is an investment banker, has experience in business development and is currently also an HBS MBA graduate student. MGI’s product is a critical success but a commercial failure. The founders wish to market it as a game while the student team believes it should be used as an

Q4.  What happens if sales volumes are lower or higher than expected as outlined at the end of the case?

Total overhead cost allocated to wood framed prints = 0.28 × 7,000 × 20 = 39,200

We have received the request to evaluate the current management system and practices of Game Shop Inc. We have taken actions to identify problems and the areas of improvement based on the information provided. Our team has concluded maintaining a good reputation in the industry is a critical success factor for Game Shop Inc. because this industry is an oligopoly and anything that affects your reputation would affect your reputation with all members of the video game industry. We began by analyzing the current billing system. Past errors in the billing process