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business
introduction to managerial accounting

Questions and Answers of Introduction To Managerial Accounting

Define strategic management accounting.
What are the key changes faced by businesses which have helped to shape strategic management accounting?
What is are the key elements of the BCG matrix?
How can the lifecycle approach be used to maximise return from a product?
What are Porter’s generic strategies?
What is the link between the balanced scorecard and strategy?
What is the principal focus of activity-based management?
How big a role does competitor analysis have in the hotel industry?
What are the characteristics of quality information?
Define the key CSF terms: ‘goals’, ‘CSFs’, and ‘measures’.
What are the three main uses of CSFs in an organisation?
How can CSFs aid corporate level decision making?
One of the key features of CSF use is making the implicit into explicit, explain what this means in an operational context.
For an industry sector with which you are familiar (events, tourism or hospitality) consider what you feel would be operational goals. From these consider what are likely to be the CSFs and measures
Your manager is considering using CSFs but is confused about why individual managers will have individual goals, beyond those of the organisation. Explain this concept for your manager.
What do the 3 Ps refer to in the triple bottom line?
Identify the key elements for managing sustainability.
What is the difference between monetary and physical EMA?
What are the four main tools for conducting EMA?
How could EMA be utilised to monitor towel usage in hotel rooms and why is this an environmental issue?
Give examples of EMA tools, as per the United Nations EMA classifications.
Explain the possible elements of the ‘inputs/outputs’ of a business from an environmental perspective.
What is BS8901? How can it assist event managers?
Choose two hospitality, tourism or events companies and research their environmental mission statements and objectives in terms of environmental concern. How similar are their aims? How could EMA aid
Choose an airline company and identify their reporting on their environmental impact. Are there any additional environmental reporting requirements for airlines?
Define ‘not-for-profit’ sector, with examples of organisations.
What roles can hospitality, tourism and events play in the NFP sector?
Explain the specific considerations that need to be made when using management accounting in NFP organisations.
List the key management accounting tools that can be used in NFP organisations.
Explain how the BSC and CSFs can be utilised fully within the NFP sector.
Environmental management accounting can be important in NFP organisations– what type of organisations specifically?
Research the information for two leisure centres: one a commercial operation;and one run by a local authority or by a charity. Conducted a comparative analysis between the two, paying particular
You are the national events manager for a leading charity. When organising a fundraising ‘charity fun run’ how can management accounting tools ensure it is the most cost effective and maximises
What tasks are often assigned to the capital budgeting committee?
What purposes are served by a post-audit of approved capital expenditure proposals?
Into what three phases are a project’s cash flows organized?
State three alternative definitions or descriptions of the internal rate of return.
Why is the cost of capital an important concept when discounting models are used for capital budgeting?
What weakness is inherent in the payback period when it is used as the sole investment criterion?
What weakness is inherent in the accounting rate of return when it is used as an investment criterion?
Why are the net present value and the internal rate of return models superior to the payback period and the accounting rate of return models?
State two basic differences between the net present value and the internal rate of return models that often lead to differences in the evaluation of competing investment proposals.
Identify several nonquantitative factors that are apt to play a decisive role in the final selection of projects for capital expenditures.
In what way does depreciation affect the analysis of cash flows for a proposed capital expenditure?
Using the equations and tables in Appendix 12A of this chapter, determine the answers to each of the following independent situations:a. The future value in two years of \($3,000\) deposited today in
Using the equations and tables in Appendix 124A of this chapter, determine the answers to each of the following independent situations:a. The future value in two years of \($7,500\) invested today in
Kailey James Company is evaluating a capital expenditure proposal that requires an initial investment of \($14,900\), has predicted cash inflows of \($4,000\) per year for 12 years, and has no
Winter Fun Company is evaluating a capital expenditure proposal that requires an initial investment of \($54,768\), has predicted cash inflows of \($12,000\) per year for seven years, and has no
Juliana is considering an investment proposal with the following cash flows:Requireda. Determine the payback periodb. Determine the accounting rate of return on initial investmentc. Determine the
Minn is considering an investment proposal with the following cash flows:Requireda. Determine the payback periodb. Determine the accounting rate of return on initial investmentc. Determine the
Roopali is considering an investment proposal with the following cash flows:Requireda. Determine the payback periodb. Determine the accounting rate of return on initial investmentc. Determine the
Assume that Goodrich Petroleum Corporation is evaluating a capital expenditure proposal that has the following predicted cash flows:Requireda. Using a discount rate of 10 percent, determine the net
Rocky Road Company is evaluating a capital expenditure proposal that has the following predicted cash flows:Requireda. Using a discount rate of 14 percent, determine the net present value of the
The management of Mohawk Limited is currently evaluating the following investment proposal:Requireda. Determine the proposal’s payback period.b. Determine the proposal’s internal rate of return.
Honey dukes Treat Shop is considering the desirability of producing a new chocolate candy called Pleasure Bombs. Before purchasing the new equipment required to manufacture Pleasure Bombs, Neville
Assume the same facts as given in Exercise E12-23 for the Honeydukes Treat Shop.Required With a 40 percent tax rate and a 8 percent time value of money, determine the annual unit sales required to
A light-emitting diode (LED) is a semiconductor diode that emits narrow-spectrum light. Although relatively expensive when compared to incandescent bulbs, they use significantly less energy and last
Hermione decided to purchase a new automobile. Being concerned about environmental issues, she is leaning toward the hybrid rather than the gasoline only model. Nevertheless, as a new business school
Wendy Li decided to purchase a new Honda Civic. Being concerned about environmental issues she is leaning toward a Honda Civic Hybrid rather than the completely gasoline-powered LX
Presented is information pertaining to the cash flows of three mutually exclusive investment proposals:Required a. Rank these investment proposals using the payback period, the accounting rate of
PA Chemical currently discharges liquid waste into Pittsburgh’s municipal sewer system. However, the Pittsburgh municipal government has informed PA that a surcharge of \($5\) per thousand cubic
Carl William, Inc. is a conservatively managed boat company whose motto is, “The old ways are the good ways.” Management has always used straight-line depreciation for tax and external reporting
Assume that United Technologies Corporation is evaluating a proposal to change the company’s manual design system to a computer-aided design (CAD) system. The proposed system is expected to save
Assume the same facts as given in P12-31, except that management intends to use double-declining balance depreciation with a switch to straight-line depreciation (applied to any undepreciated
Fritz Gilgen is evaluating a proposal to purchase a new processor that would cost \($180,000\) and have a salvage value of \($18,000\) in five years. Fritz’s cost of capital is 14 percent. It would
Pure White Automatic Laundry must either have a complete overhaul of its current dry-cleaning system or purchase a new one. Its cost of capital is 18 percent. Pure White’s accountant has developed
In 2008 the City of Chicago agreed to lease 35,000 parking meters to a Morgan Stanley-led partnership Morgan Stanley for a one-time sum of \($1.15\) billion. The lease has been criticized as an
What is the relationship between segment reports and product reports?
What is a reporting objective? How is it determined?
Can a company have more than one type of first-level statement in segment reporting?
Explain the relationships between any two levels of statements in segment reporting.
What types of information are needed before management should decide to drop a segment?
In what types of organizations and for what purpose are transfer prices used?
What problems arise when transfer pricing is used?
When do transfer prices lead to sub optimization? How can sub optimization be minimized? Can it be eliminated? Why or why not?
For what purpose do organizations use return on investment? Why is this measure preferred to net income?
What advantages do residual income and EVA have over ROI for segment evaluations?
Contrast the difference between residual income and EVA.
Explain how a balanced scorecard helps with the evaluation process of internal operations.
How can a balanced scorecard be used as a strategy implementation tool?
Connect Inc. manufactures four different lines of computer devices: modems, routers, servers, and drives. Each of the product lines is produced in all of the company’s three plants: Beckley,
Writing Inc. has two product lines. The September income statements of each product line and the company are as follows:Pens and pencils are sold in two territories, Vermont and Washington, as
Francisco Consulting Firm provides three types of client services in three health-care-related industries. The income statement for July is as follows:The sales, contribution margin ratios, and
The Van Division of Travel Vans Corporation has offered to purchase 180,000 wheels from the Wheel Division for \($76\) per wheel. At a normal volume of 500,000 wheels per year, production costs per
Karakomi Cameras Inc. has a Disposables Division that produces a camera that sells for \($13.00\) per unit in the open market. The cost of the product is \($9.50\) (variable manufacturing of
Affordable Art Company has a Print Division that is currently producing 100,000 prints per year but has a capacity of 150,000 prints. The variable costs of each print are \($28\), and the annual
The Stallion Division of Motortown Motors had an operating income of \($675,000\) and net assets of\($2,700,000\). Motortown Motors has a target rate of return of 23 percent.Required a. Compute the
The Worldwide Auditors’ Association is a professional association. Its current membership totals 97,600 worldwide. The association operates from a central headquarters in New Zealand but has local
J. Carter Peanut Butter Company recently acquired a peanut-processing company that has a normal annual capacity of 4,000,000 pounds and that sold 2,800,000 pounds last year at a price of \($3.50\)
The Foundry Division of Findlay Pumps Inc. produces metal parts that are sold to the company’s Assembly Division and to outside customers. Operating data for the Foundry Division for 2017 are as
The Athens Company has two divisions, Alpha and Delta. Delta Division produces a product at a variable cost of \($7\) per unit, and sells 150,000 units to outside customers at \($12\) per unit and
Refer to the computations in the previous exercise E11-27. Assess the performance of the division managers, basing your conclusions on ROI. Assess the performance of the division managers, basing
Envision Company has a target return on capital of 12 percent. The following financial information is available for October ($ thousands):Requireda. Compute the return on investment using both book
The following information is in addition to that presented in Mini Exercise 11-23 for the Worldwide Auditors’ Association. For the year ended November 30, 2017, the organization had set a
Worldwide Communications, Incorporated, sells telecommunication products throughout the world in three sales territories: Europe, Asia, and the Americas. For July, all \($650,000\) of administrative
California Bread Company bakes three products: donuts, bread, and pasteries. It sells them in the cities of San Francisco and San Jose. For March, its first month of operation, the following income
College Textbook Publishers Inc. has prepared income statements segmented by divisions, but management is still uncertain about actual performance. Financial information for May is given as
All Things Greek Inc. has three sales divisions. One of the key evaluation inputs for each division manager is the performance of his or her division based on division income. The division statements
EEG Ince. is a decentralized organization with four autonomous divisions. The divisions are evaluated on the basis of the change in their return on invested assets. Operating results in the
Six Flags Theme Parks Inc. operates theme parks in the United States, Mexico, and Europe. One of its first theme parks, Six Flags over Georgia, was built in the 1960s in Atlanta on a large tract of

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