Essay about Mid-Term Managerial Accounting - 2206 Words

Managerial Accounting Mid-Term 1.) a.) Snack-Foods division president may want to play the end-of-year games because there may be a bonus for the division president if they get certain earnings for the year. Not only a bonus for the division president; but there may be a bonus for the division itself. With that being said he could use that for the other employees to help participate in the year-end games. If corporate has seen them fallen behind, then these year-end games maybe able to apply to job security or even promotions. b.) Each year-end games †¢ Acceptable- If they plan to have it maintained until January of the following year there would be no work shown and they would not need to put a transaction regarding the†¦show more content†¦Units Materials Conversion Units to be accounted for: Beginning Inventory 400 360 160 Units Started into production 13,000 Units to Account for 13, 400 Beginning, WIP Completed 400 40 240 Started and Completed 12,900 12,900 12,900 Units Completed 13,330 Ending Inventory 100 50% 30% Units to Account For 13,400 Equivalent Units 13,350 13,330 Cost Data: Units Materials Conversion Beginning, WIP costs $5,204 $756 $4,448 Current Period Cost 392,076 29,949 362,127 Total Cost $397,280 $30,705 $366,575 Equivalent Units of Production 13,350 13,330 Cost per Equivalent Unit, a/b= $29.80 $2.30 $27.50 Cost Assignment: Transferred Out 396,340.00 Ending Inventory: Materials 115.00 Conversion 825.00 Total Cost to Account For 397,280.00 4.) a.) Discretionary fixed costs may be altered in the short-term by current managerial decisions; an example can be advertising, training or even development in which a company can always alter these decisions and bring it back later. Committed fixed costs differ due to it being long term and it cannot be reduced in the short-term; such examples are depreciation on buildingsShow MoreRelatedmanagerial accounting mid-term practice solution1733 Words   |  7 Pagessales, net operating income will tend to increase more rapidly in a company with high fixed costs and low variable costs than in a company with high variable costs and low fixed costs. T 16. All of the following costs would be found in a companys accounting records except: sunk cost. opportunity cost. indirect costs. direct costs. 17. Which of the following would most likely be included as part of manufacturing overhead in the production of a wooden table? The amount paid to the individualRead MoreEvolution of Performance Measurement Models in Management Accounting1594 Words   |  7 PagesManagement Accounting Name Grade course Tutor’s name 2nd October 2010 Abstract Changes in management accounting have gone by unnoticed in the recent years. This article tries to explain by how much management accounting has altered through the years, since the 1950s to date, and the reasons that led to the changes. This work also focuses on various performance evaluation models, their applications and their effectiveness. Introduction There was little advancement in accounting in theRead MoreAgency Problem - Essay1517 Words   |  7 Pagesand achieve portfolio diversification. The objective of managers is assumed to be to further these interests by maximizing the firm’s share value. This can be achieved by taking on projects with positive NPV and good management of short-term capital and long-term debt. However, shareholders and managers are assumed to want to maximize their utilities; so this objective may not always be the priority for managers as they may rather prefer to maximize their own wealth or further other personal interestsRead MoreCase: Lipschultz, Levin Gray1591 Words   |  7 PagesChartered Professional Accounting (CPA) Company provides accounting, tax and consulting services to mid-sized and large privately held companies and to the individuals that own and manage these enterprises. Stephen P. Seigel is the CEO facing new yet challenging tasks. He assures that LLG’s clients have the best professionals working for them. It has the resources to service other company as it grows and develops in complexity. Over 50 years of services for the accounting, tax and consultancy needsRead MoreFinancial Management Of The Healthcare Organization1371 Words   |  6 PagesFinancial Ratios Analysis Raven Washington MHA 612: Financial Managerial Accounting Professor Jack Lazarre October 27, 2014 The financial management of the healthcare organization needs to handle financial matters carefully in order to perform well. Ratio analysis is a kind of financial statement analysis that is utilized to get a fast indication of an organizations financial performance in most important sectors, for that reason the healthcare organization must utilize ratioRead MoreFall of Enron1160 Words   |  5 PagesThe Fall of Enron 1. Why was Enron such an admired company prior to 2000? What innovation do they bring to the table? Be specific and support your statement with concrete information. Prior to the year 2000, Enron Company, established in the mid-80s, caused the admiration worldwide because of its fast rise of revenue both in the local and international stock market in a short period of time. Enron’s operating income in the year 2000 was stated in $100.7 billion and its after-tax net income wasRead MoreAccounting And Its Impact On Business Success2129 Words   |  9 PagesIntroduction Accounting is not an end in itself but a means to help achieve business success. Thus, there is no such thing as good accounting practices or bad accounting practice as such. Technical accounting systems should be judged in the light of its impact on business success. Accounting systems and specific techniques should be considered in terms of the role they are expected to play. A concept ROI analysis may have little interest in the performance evaluation of middle managers in situationsRead MoreCurrent Status of Hybrid Managers1241 Words   |  5 Pagessystems is losing its importance† (Kakabadse amp; Norac-Kakabase, 2000). A paper by Anne Brackley in 1996 citing Colin Parker of the BCS in 1990 states that â€Å"The (hybrid manager) term was coined by Michael Earl, Director of OXIIM at Templeton College, Oxford†. David Skyrme (1989-1992) disputes the origin of the term but does confirm that Earl did offer the best definition of a Hybrid manager as â€Å"A person wit h strong technical skills and adequate business knowledge or vice versa .... hybrids areRead MoreCost Centre Of Sales Branches1689 Words   |  7 Pagesencourage managers to cut costs and as a result, this will be damaging the company’s long-term benefits. Furthermore, the sales branches at the company were discretionary cost centres, imposing an inappropriate input or cost relationship was likely to result in difficulties for performance measures. 2. Introduction The central focuses of this report include the Thoja’s management accounting system and its organisational structure. The information used to evaluate the two budgetingRead MoreBusiness Organization, Atlantic, Pacific Management1513 Words   |  7 Pagesbottom-up management philosophy; their unique management philosophy prepares them for greater profitability in the future. â€Å"Since the mid 1970’s, [APM] has purchased, developed, leased and managed residential and commercial properties throughout the United States. [As a] fourth-generation family-operated firm[, they] have built a foundation of quality property management, long-term asset investment and asset management services.† (www.apmanagement.net) Today their modern footprint is as a third-party on-site

Economics Effects of Monopoly.Docx Uploaded Successfully Free Essays

Economics effects of monopoly. In pure monopoly, a monopolist will charge a higher price compared to the firms in purely competitive industry. They also sell a smaller level of output than the firms that involve in pure competition. We will write a custom essay sample on Economics Effects of Monopoly.Docx Uploaded Successfully or any similar topic only for you Order Now Compared to pure competition, monopoly is inefficient in both productive and allocative efficiency. In purely competitive industry, the entry and exit of the firms will ensure that the P = MC + min. ATC. However, for pure monopoly industry there is no entry and exit of firms as it is conquer by only one party. The marginal revenue (MR) curve lies below the demand and the produces output where MR = MC, so, the price exceeds the marginal costs (MC) and also exceeds the lowest average total cost (ATC). Pure Competition Pure Monopoly Price Price Quantity Quantity Pc D D Qc S = MC Pc MC Qc MR Qm Pm P = MC = min. ATC MR = MC Figure [ 1 ]: Comparison of pure competition and pure monopoly. Looking at the chosen firm which is TNB, as In pure monopoly, there is an efficiency loss which is called dead weight loss (also known as excess burden and allocative efficiency). This situation occurs because the sum of consumer surplus + producer surplus is less than the maximum. In other words, this situation occurs either because of the people who have more marginal benefit than marginal cost are not buying the product, or those who have more marginal cost than marginal benefit are buying the product. Income transfer Monopoly wills increases income inequality because the profits are not equally distributed. Monopoly will cause the transfer of income from consumers to the stockholders who own monopoly. This can be seen through levy of â€Å"private tax† on consumers. The owners will gain benefit at the expense of consumers. Cost complications In pure monopoly, the costs may vary because of four factors: 1. Economies of scale According to www. bized. co. uk , economies of scale is the advantages of large scale production that result in lower unit (average) costs (cost per unit). Some firms reach large economies of scale because of specialized input, the spreading of product developing costs, simultaneous consumption and network effects. Simultaneous consumption is the ability of product to satisfy a big numbers of consumers at the same time and network effects are increase of value of product to each consumer. 2. X-Inefficiency X-Ineffiency is when the firms produce level of output that is higher than the lowest ATC. X-Inefficiency occurs due to poor management decisions, principal agent problem, poor worker motivation or ineffective supervision as the results of reliance on â€Å"rules of thumb† instead of real costs or revenue decision. Figure [ 2 ]: X-Inefficiency 3. Rent seeking expenditures How to cite Economics Effects of Monopoly.Docx Uploaded Successfully, Essay examples

Homeless Research Essay Example For Students

Homeless Research Essay The American dream is hard to find. In most cases, the dream includes a home. For many Americans who financially struggling to feed themselves, having a roof over their head is nearly an impossible task. As our government has progressed in the twentieth century, aid has been given to homeless families in the form of basic housing. Low income or subsidized housing has grown immensely I the past few years. The debate is whether subsidized housing is a free home or a free ride. The subsidized housing program should be used as assistance and not a crutch. Many say that you make out of life what you put into it. Homelessness to certain individuals is brought on by the homeless individuals actions so they feel that they shouldnt receive any help from the government. Many believe that subsidized housing is positive ground for families to get into a home and stabilize their financial situation (Gramer). The worry on a lot of minds is the amount of money being handed out to the subsidized housing programs (Husock). The money could be used for other programs such as Medicare or social security (Shinn). The housing programs might be costly but can help families from living on the streets. 1.3 million tenants are currently living in subsidized housing while 2.7 million are living in public housing where the landlord receives incentives from the government (Husock). These millions of tenants are costing working taxpayers because the money running the government assisted programs comes out of tax dollars. Alternatives and remedies need to be thought out. Often, families are moving into subsidized housing to better the home they were living in (Husock). Section 8 vouchers allow individuals to choose the area they want to live in. The great idea about Section 8 vouchers is the tenant pays thirty percent of the rent. In MaryBeth Shinns article, she quotes a researcher that says, That as long as the number of families living in intolerable conditions exceeds the capacity of the shelter system, increases in shelter capacity will lead to increases in the size of the shelter (Shinn). Shinns article goes on further by saying that families often have to choose between housing that is structurally adequate and housing that is affordable. Howard Husock came up with a great idea for solving the problem with subsidized housing and tenants that use the program too long. His idea is to have time limits on the amount of time that tenants can stay in public housing or use public housing vouchers. Husock states, It (Time limits) would allow housing subsidies to be directed to those in most immediate need rather than simply going to persons already in the system. In his article, startling facts and figures are given about the length of time tenants stay in assisted living. More than twenty-five percent of families have lived in their subsidized apartment for more than ten years. Forty-seven percent have lived in their apartment for more than five years (Weitzman). Imposing time limits would not allow the extended lengths of time that are currently given. Congressman Rick Lazio is proposing that tenants sign a form in which a date would be given as to their leaving of public housing. This signature would be an initiative for tenants to move fast on leaving subsidized housing and starting to save for a new place to live (Husock). Possibly, maybe the government removal of programs would be better for subsidized housing. If the government gave better tax breaks to landlords who provided lower cost housing then the need for shelters and projects should be decreased by a large percentage (Shinn State or Trait). Within the last fifteen years, Home and Urban Development (HUD) has finally allowed tax shelters to landlords (The New Look). .u6e68fe1f7610887b64911b0afb718450 , .u6e68fe1f7610887b64911b0afb718450 .postImageUrl , .u6e68fe1f7610887b64911b0afb718450 .centered-text-area { min-height: 80px; position: relative; } .u6e68fe1f7610887b64911b0afb718450 , .u6e68fe1f7610887b64911b0afb718450:hover , .u6e68fe1f7610887b64911b0afb718450:visited , .u6e68fe1f7610887b64911b0afb718450:active { border:0!important; } .u6e68fe1f7610887b64911b0afb718450 .clearfix:after { content: ""; display: table; clear: both; } .u6e68fe1f7610887b64911b0afb718450 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u6e68fe1f7610887b64911b0afb718450:active , .u6e68fe1f7610887b64911b0afb718450:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u6e68fe1f7610887b64911b0afb718450 .centered-text-area { width: 100%; position: relative ; } .u6e68fe1f7610887b64911b0afb718450 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u6e68fe1f7610887b64911b0afb718450 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u6e68fe1f7610887b64911b0afb718450 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u6e68fe1f7610887b64911b0afb718450:hover .ctaButton { background-color: #34495E!important; } .u6e68fe1f7610887b64911b0afb718450 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u6e68fe1f7610887b64911b0afb718450 .u6e68fe1f7610887b64911b0afb718450-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u6e68fe1f7610887b64911b0afb718450:after { content: ""; display: block; clear: both; } READ: Hollywood On Trial Essay The tax breaks come to investors who have low-income apartments or homes for a minimum of twenty years. After the twenty years, the owner of the property can sell the units at a higher market price (The New Look). Housing for Americans need to become more affordable. The U.S. Department of Housing and Urban Development believes that families should spend no more than thirty percent on housing (Weitzman). Studies have shown that there .