How would management accounting be useful to a gym? Explain your answer giving appropriate examples. Explain...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
How would management accounting be useful to a gym? Explain your answer giving appropriate examples. Explain the concept 'value chain'. Why is the concept of value chain important to an organization and how might an organization make use of this concept to its benefit? Note : Your essay should not exceed 1 page. How would management accounting be useful to a gym? Explain your answer giving appropriate examples. Explain the concept 'value chain'. Why is the concept of value chain important to an organization and how might an organization make use of this concept to its benefit? Note : Your essay should not exceed 1 page.
Expert Answer:
Answer rating: 100% (QA)
Management accounting is useful to a gym in the following ways 1 It helps to plan prices strategical... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Why is the concept of relevant range important when preparing a flexible budget?
-
Why is the concept of "empowering" employees important in doing business ethically?
-
Why is a summary of accounting policies important to ensuring the understandability of financial statements to users of general purpose financial statements?
-
Racing Investment Fund 2000 LLC was created in August 2000 to purchase, train, and race thoroughbred horses. The LLC ' s operating agreement provided for 50 membership units to be sold for an initial...
-
1. Summarize the benefits of participating in a high-deductible health care plan at work. 2. Create a math example of why many employees participate in a tax-sheltered employee benefit plan, such as...
-
The April transactions of Wise Company are described in Problem 7-1A. Required 1. Prepare a general journal, a purchases journal like that in Exhibit 7.9 and a cash disbursements journal like that in...
-
A new clerk has been hired at the company for which you work. You have been asked to explain the flow of materials from ordering through issuing to the factory. Required: Prepare a chart and a brief...
-
In January 2014, Domingo, Inc., acquired 20 percent of the outstanding common stock of Martes, Inc., for $700,000. This investment gave Domingo the ability to exercise significant influence over...
-
assume the role of a human resources manager for an airline or airport. As the human resources manager, you are responsible for recruiting and hiring a qualified workforce. Show a briefing...
-
For each of the following cases, respond to the question and indicate the accounting principle or concept that applies. 1. Williamson, LLC, paid insurance premiums of $8,400 on December 1, 2019....
-
1a. Similar to Singapore, Caribbean islands would like their citizens to be able to choose public transport as their preferred method of commuter transport. Discuss the factors which would impact the...
-
The known standard deviation in salary for all mid-level professionals in the financial industry is \($11,000\). Company A and Company B are in the financial industry. Suppose samples are taken of...
-
Varsity athletes practice five times a week, on average. Indicate if the hypothesis test is for a. independent group means, population standard deviations, and/or variances known b. independent group...
-
A new medicine is said to help improve sleep. Eight subjects are picked at random and given the medicine. The means hours slept for each person were recorded before starting the medication and after....
-
A new WiFi range booster is being offered to consumers. A researcher tests the native range of 12 different routers under the same conditions. The ranges are recorded. Then the researcher uses the...
-
Are standard deviations known or unknown? A study is done to determine which of two soft drinks has more sugar. There are 13 cans of Beverage A in a sample and six cans of Beverage B. The mean amount...
-
The video "Generation Like" is critical of digital marketing and its influence on the young generation. To what extent, if at all, do you think this criticism is justified? Explain your position
-
San Carlos Bank and Trust Company uses a credit-scoring system to evaluate most consumer loans that amount to more than $2,500. The key factors used in its scoring system are found at the conclusion...
-
Describe Kraljics Portfolio Matrix. What are the four categories of this segmentation approach?
-
What are some environmental disadvantages to plastic packaging?
-
Explain how common sense can be helpful in terms of warehousing design.
-
An income statement for Cheries Pizza is included in the Working Papers. 1. Use the following information to calculate the breakeven point in sales dollars and unit sales for July. The August...
-
Use the working papers and data from Work Together 15-2. Forms for completing this Work Together are provided in the Working Papers. Your instructor will guide you through the following examples. 1....
-
Use the February information from the Work Together above. An income statement for Wightman Lumber is included in the Working Papers. Work independently to complete this problem. 1, Prepare Wightman...
Study smarter with the SolutionInn App