Give an example of managerial accounting information that could help a manager make the following decision. The Miami-Dade County board of representatives is deciding whether to build an addition onto one of the county libraries.

Give an example of managerial accounting information that could help a manager make the following decision. The Miami-Dade County board of representatives is deciding whether to build an addition onto one of the county libraries.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 4TIF: For each of the following managers, describe how managerial accounting could be used to satisfy...

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Blackmon Company provides locator services to the city transportation departments. Blackmons service involves installing a dedicated hardware transmitter in each city bus. This transmitter provides real-time information to a central logistics center that provides a manager with detailed information as to bus location, speed, current weather, and traffic patterns. The manager can then reroute buses to improve efficiency of operations and increase customer satisfaction. Customers generally sign two separate contracts: one contract governs the sale of the hardware devices, while the second governs the provision of the locator services. On January 1, 2019, a customer purchased Blackmons service by signing a contract for 100 devices for 480,000, the normal selling price. In addition, the customer signed a separate 12-month service contract for 2,000 per month (20 per month per unit, which is the standard selling price for the service). This amount is billed on a monthly basis, and the customer pays for January service on January 31, 2019. The hardware device can only be used with Blackmons services and there are currently no other competitors making devices that work with the Blackmon service. The customer may cancel at any time; however, the amount paid for the device is nonrefundable. The customer is given the right to renew the service contract at the existing rate each December, and the average life of a customer contract is 5 years. The customer takes delivery of the device on January 1, 2019, and begins the locator service on that date. Required: 1. Identify the contract(s) for accounting purposes. 2. How many performance obligations exist? When will the performance obligation(s) be satisfied? 3. Prepare Blackmons journal entries for January 2019. 4. Assume that other competitors sell a similar locator service comparable to Blackmons. Would this fact change your previous answers?
A good performance measurement system will align the goals of management with_______. A. the goals of the city manager and the mayoral staff B. the goals of the corporation, and both parties will benefit C. the priorities of the stockholders as listed at the annual meeting D. the Investment departments response to the annual audit
For each of the following managers, describe how managerial accounting could be used to satisfy strategic or operational objectives:1. The vice president of the Information Systems Division of a bank.2. A hospital administrator.3. The chief executive officer of a food company. The food company is divided into three divisions: Nonalcoholic Beverages, Snack Foods, and Fast-Food Restaurants.4. The manager of the local campus copy shop.
For each of the following managers, describe how managerial accounting could be used to satisfy strategic and operational objectives: 1, The vice president of the Information Systems Division of a Bank. 2. A Hospital Administrator. 3. The chief executive officer of a food company. The food company is divided into three divisions: Nonalcoholic beverages, snacks and foods, and fast-food restaurants. 4. The manager of the local campus copy shop.
Michael is the general manager of a production facility. In a routine day, Michael might meet with city officials or civic leaders about environmental issues due to the plant’s presence in the community. After these meetings, he will then meet with the plant’s functional managers to discuss the concerns expressed by the city representatives. Other times, Michael might meet with the production manager, Betty, and the human resource manager, Joyce, to discuss a complaint filed by one of the employees in a production department. Michael might also spend time on the Internet looking for new technologies that can be used in the production processes of his plant. What are the Social Responsibilies the company has towards society?
Penny is compiling a list of costs incurred so far on a project. She must categorize these costs so that she can present the amount of direct cost incurred. Which of the following should Penny include in this list?This type of question contains radio buttons and checkboxes for selection of options. Use Tab for navigation and Enter or space to select the option. option A Expense incurred in meeting the regulatory standards for the company option B Benefits for employees in the organization option C Travel expenses to the customer’s office option D Costs incurred for maintaining coffee stations around the office.
The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. UDH has just hired a new controller who wants to organize UDH by responsibility centers so that responsibility accounting can be implemented. The controller has asked for your assistance in identifying each of the following UDH functions as either a cost center (C) or a profit center (P).
For the following activitie, explain which of the objectives of managerial accounting activity is involved. In some cases, several objectives may be involved. Estimating the annual operating cost of a newly proposed Wells Fargo branch bank.
In each of the following situations, identify which type of responsibility center is appropriate based on the decision-making authority the manager would possess: 1. The manager of the accounting department in Ford’s corporate office. 2. The sales manager of a Ford dealership. 3. The general manager of a Ford dealership. 4. The manager of Ford’s corporate division. 5. The production manager in a Ford plant. options: Cost Center Investment Center Profit Center Revenue Center
The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. UDH has just hired a new controller who wants to organize UDH by responsibility centers so that responsibility accounting can be implemented. The controller has asked for your assistance in identifying each of the following UDH functions as either a cost center (C) or a profit center (P). UDH Center Cost or Profit Accounting Bookstore Cafeterias Career services Community workshops (providing continuing professional education necessary for state licensure) Custodial services Financial aid Human resources Information technology Residence halls Student parking lots (fee based) University newspaper/radio station
Give an example of managerial accounting information that could help a manager make the following decision. The manager of a Target store is deciding how many security personnel to employ for the purpose of reducing shoplifting.
In this comprehensive paper, assume you are working with the accounting department in your organization to make a decision regarding a capital investment you feel is needed to improve productivity in your department. The organization has limited resources and you are trying to prove why your department needs the resources more than other departments in the company. Provide an example of a possible capital investment to use in your argument to management that will be used throughout your paper. Give some examples of the types of non-financial factors that managers would consider in this decision that are more important in today's capital investment decisions than they were in the past.