Chapter 15 Explain the four common uses of comparisons that the manager will find helpful. Chapter 16 Explain the importance of assumptions when building a budget? Chapter 17 Explain the rationale for replacing existing equipment with new equipment.
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Chapter 15
Explain the four common uses of comparisons that the manager will find helpful.
Chapter 16
Explain the importance of assumptions when building a budget?
Chapter 17
Explain the rationale for replacing existing equipment with new equipment.
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- What is Budget Vs. Actual? Why is it Important? What Causes the Variance? What is the implication of having a good variance-analysis in the company?(10 sentences)Which of the following statements is correct? I. Tax loss carrybacks result in deferred tax assets. II. Tax loss carryforwards result in deferred tax assets. III. The tax valuation account is used to adjust deferred tax liabilities if it is "more likely than not" that they will not result in increased future taxes. 1.I only 2.II only 3.III only 4.I and IIWhich of the following would be an advantage of using a qualitative approach to managerial decison-making? a. The linear program indetified the optimal solution for profit relating to the sales forecast b. The breakeven analysis indicated that purchasing a machine would increae profitability c. The sales staff is often aware of sutomer's future plans d. Sales people are least likely to be influenced by recent events e. Sales people are least likelyto be biased by sales
- B2) List all the techniques of Capital Budgeting? You think are relevant today? B3) these techniques are really helpful financial managers B4) Do you think that these techniques can be used in situations like COVID-191. In the studies we have seen Budgeting can be used as a control mechanism in Management. In your views, how can this used a a control mechanism. you may include examples to explain your answers. 2. Budgeting can be an important tool if implemented properly. Identify several positive results when budgets are used properly. Since budgets affect people, identify several negative aspects if budgets are not implemented properly. 3. Super Chicken operates a chain of takeaway chicken shops . The company is operating in a very competitive market , and it is difficult to gain and maintain market share . Management believes it is important to monitor competitors ' actions closely , and to continue to offer new products and special promotions to create high visibility among customers . The management team has recently reviewed its mission which is : - To be a caring and environmentally responsible company , providing fresh and nutritious meals at an affordable price . Required : Consider the…Goal congruence is (CPA Adapted) The desire and the commitment to achieve a specific goal The extent to which individuals have the authority to make decisions O The extent of the attempt to accomplish a specific goal O The sharing of goals by supervisors and subordinates
- Which of the following statements is incorrect?(a) Economic decisions arc time-invariant.(b) Time and risk arc the most important factors in any investment evaluation.(c) For a large-seal!! engineering project. engineers must consider the impact of the project on the company·s financial statements.( d) One of the primary roles of engineers is to make capital expenditure decisions.9 _________is a continuous process which helps in planning, coordination and control. a. All of these b. Budgetary control c. Budget d. Budgetingaccounting Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Do not provide Excel Screet shot rather use tool table Answer completely. The Lowlands publishing company has decided to launch a new magazine for financial special-ists with the brand new title The Daily Financial Times. The problem is that this has not been done before. The Lowlands management does not have a clue how many copies will be sold and they think it will be somewhere between 60 000 and 120 000 copies. The magazine sells for €4 and the variable cost to print is €1.20. Unsold magazines are destroyed. Required: 1. Prepare a results matrix (or pay-off table) for different levels of demand: 60 000, 80 000, 100 000 and 120 000. 2. Suppose Lowlands management wants to avoid being blamed afterwards for having selected the wrong production plan, what production level should they then choose? 3. What strategy should be chosen if management wants to…
- 4. State whether the following statements are true, false or uncertain and explain why. An auto worker in Melbourne is laid off, and after 5 weeks of job search he still cannot find a job. This represents a case of structural unemployment. Demand deficient unemployment cannot persist if money wages in the economy are flexible downward. An inward shift of the economy’s Beveridge curve indicates there has been taken a reduction in the amount of friction unemployment.I really need help with the formulas to get the answers. Thanks! Case Study 2: Forecasting Lost Sales The Carlson Department Store suffered heavy damage when a hurricane struck on August 31, 2013. The store was closed for four months (Sept – Dec 2013) and Carlson is now involved in a dispute with its insurance company concerning the amount of lost sales during the time the store was closed. Two key issues must be resolved: The amount of sales Carlson would have made if the hurricane had not struck; and Whether Carlson is entitled to any compensation for excess sales from increased business activity after the storm More than $8 billion in federal disaster relief and insurance money came into the county, resulting in increased sales at department stores and numerous other businesses. The table below shows the sales data for the 48 months preceding the storm. The following table reports total sales for the 48 months preceding the storm for all department stores in the county, as well…True or false One of the roles of the management accountant in the steep analysis is to assist the management in determining/assessing the logic between the identified factors their competitiveness/strategy, and its effect on their financial performance. The first step in strategic analysis is to define the purpose/objectives of the analysis