Questions and Answers of Management Accounting

Dralin Distribution Co is considering an investment of $\$ 460,000$ in a non-current asset expected to generate substantial cash inflows over the next five years. Unfortunately, the annual cash flows
Cement $\mathrm{Co}$ is a listed company specialising in the manufacture of cement, a product used in the building industry. The company has been a major player in the construction sector of European
A bank has estimated that the expected value of its portfolio in 10 days' time will be $\$ 30$ million, with a standard deviation of $\$ 3.29$ million.Required:Using a $99 \%$ confidence level,
Product 'Fishy' is a highly perishable commodity which can be sold on the retail market for $\$ 20$ per case, or for animal food at $\$ 1$ per case. 'Fishy' costs $\$ 10$ per case from the wholesale
Product 'Fishy' is a highly perishable commodity which can be sold on the retail market for $\$ 20$ per case, or for animal food at $\$ 1$ per case. 'Fishy' costs $\$ 10$ per case from the wholesale
Cement $\mathrm{Co}$ is a listed company specialising in the manufacture of cement, a product used in the building industry. The company has been a major player in the construction sector of European
An oil company has recently acquired rights in a certain area to conduct surveys and geological test drillings that may lead to extracting oil where it is found in commercially exploitable
$30 \%$ of the new cars of a particular model are supplied from a factory $X$, the other $70 \%$ from factory $Y$. $10 \%$ of factory X's production has a major fault, $12 \%$ of factory Y's
A manufacturer is concerned about the potential loss of a major client. The manufacturer has already prepared the following budget for the year:The manufacturer wants to stress test the budget for
A manufacturing business makes a product in two models, model M1 and model M2. Details of the two products are as follows.A customer has indicated an interest in placing an order for either model M1
A food-processing company operates an activity based costing (ABC) system. Determine whether the following would be classified as a facility- or product-sustaining activity (place a tick in the box
A supermarket wholesaler sells over 40,000 product lines to retailers who visit the store. It has $45,000 \mathrm{~m}^{3}$ of general storage including $100 \mathrm{~m}^{3}$ of cold storage. General
Crale & Co manufactures replacement batteries for smartphones. The battery retails for $\$ 40$ and costs $\$ 10$ to make. Crale & Co currently sells 1 million batteries every year through its
Company A manufactures three smartphones. Company A currently operates a traditional absorption costing system, but has decided to use an activity based costing (ABC) system on a trial basis for its
An engineering company is thinking about implementing activity-based management principles. Which of the following is a correct definition of activity-based management? Select the ONE definition that
$A B$ plc is a supermarket group which incurs the following costs:(i) The bought-in price of the good(ii) Inventory financing costs(iii) Shelf refilling costs(iv) Costs of repacking or 'pack out'
Walken Supermarkets sells over 30,000 product lines. It wishes to introduce Direct Product Profitability analysis and a team of management accountants have ascertained the following information
Casamia plc purchases a range of good quality gift and household products from around the world; it then sells these products through 'mail order' or retail outlets. The company receives 'mail
$\mathrm{X}$ Ltd is a manufacturing company. Its monthly quality costs are made up as follows:Which one of the following options identifies X's monthly prevention costs, appraisal costs and
Quality control costs can be categorised into internal and external failure costs, appraisal costs and prevention costs. In which of these four classifications would the following costs be included?-
$\mathrm{X}$ Limited manufactures a product that requires 1.5 hours of machining. Machine time is a bottleneck resource, due to the limited number of machines available. There are 10 machines
Kaizen costing emphasises:A. The need to bring about efficiency and effectiveness B. Continuous improvement C. A 'push' production flow system D. The rapid elimination of all internal failure costs
Which of the following statements about Kaizen costing are TRUE? Select ALL that apply:- The focus is on eliminating waste, improving processes and systems and improving productivity.- In Kaizen
Which of the following statements are TRUE regarding BPR? Select all that apply.- BPR achieves incremental improvements in performance.- BPR increases the organisation's ability to meet customers'
Indicate which of the following activities are value-adding, or non-value adding, by dragging and dropping the tiles on the right ('Value adding activity' and 'Non-value adding activity' tiles) in
A new business analyst needs to be hired to work at the corporate headquarters of a retail firm. Jared and Amanda are managers in charge of the hiring decision. The candidates have been narrowed down
In the same league as Amazon Inc., Microsoft, and Alphabet Inc., the Chinese multinational investment holding Tencent is considered one of the world’s biggest companies in the gaming industry.
“Employees first” is the most important cultural value that former HCL Technologies’ CEO Vineet Nayar believed would help the company to grow. While most managers think a customer’s
Advocates of open-book management point to the advantages of getting employees to think like owners and to be motivated to make better decisions about how they do their work once they see how their
Everyone has a different personality. How would an organization make a diverse group of individuals work together harmoniously and effectively?
Which employee behaviors are more critical to organizational success?
Discuss the impact of self-esteem on employee performance and job satisfaction.
Explain the relevance of managers using shaping behavior.
Have you ever watched the show Undercover Boss? It features a company’s “boss” working undercover in his or her own company to find out how the organization really works. Typically, the
What do the two liquidity ratios, current and acid, measure and reveal?
The white-water rapids view of change, which refers to situations in which unpredictable change is normal and expected and managing it is a continual process. Do you think it’s possible to
What are ISO 9001 and Six Sigma?
Cyber Monday falls on the first Monday following the Thanksgiving holiday. During Cyber Monday, employers find that a significant number of employees are surfing the web for holiday deals. A recent
What comes to mind when you think of IKEA? You might have memories of following your parents through an IKEA maze-like store with the promise of Swedish meatballs at the end of the trip. The
Are there any disadvantages to be a first-mover. Provide examples.
The luxury goods market is incredibly lucrative. Most studies on counterfeiting have tended to focus on the supply side. In recent years, however, there has been greater interest in studies
What began as a humble suburban-neighborhood grocery store in Essen, Germany, is today one of the most successful discount supermarket chains in the world. Aldi has been operating with the motto
Everyone can make mistakes, but sometimes these can have severe consequences. The employees of the insurance company Aviva Investor’s asset management division simultaneously received an email from
In 2002, British restaurateur and television celebrity-chef, James Trevor “Jamie” Oliver opened Fifteen, a nonprofit restaurant and bar in London. As a social enterprise, this restaurant would
Alan Naiman was a frugal social worker who used duct tape to repair his shoes, looked for deals at the supermarket, and chose fast-food restaurants when it was his turn to treat friends to lunch.
Thomas Lopez, a lifeguard in the Miami area, was fired for leaving his assigned area to save a drowning man. His employer, Jeff Ellis and Associates, which has a contract with the Florida city of
If you get a job at Punchkick Interactive—a digital agency that designs and builds software in Chicago—you won’t have a boss. You’ll not be shown an organizational chart of who reports to
Distinguish between MBO and BARS as appraisal strategies.
Though it might be a challenge, employing individuals with autism is beneficial. According to Britain’s National Autistic Society, only 15 percent of adults with autism have fulltime employment,
One of the world’s biggest shipping companies, Danish company Maersk is concerned about the future of its presence in the Chinese market. In an interview with the Wall Street Journal, Søren Skou,
Despite being a world-renowned business, BAE Systems Naval Ships has hardly changed its working arrangement over the past years at its Glasgow sites on the River Clyde, explains Chris Westcott, who
When coworkers work closely on a team project, is there such a thing as becoming too close? Not everyone thinks so. A recent survey revealed that 51 percent of employees said they have had an office
In India, only about 20 cities out of 87 have organized transport and fewer can lay claim to a mass rapid transit system. A collaboration between India’s Tata Motors and Brazil’s Marcopolo, it
With greater global expansion, more organizations are collaborating on projects with teams consisting of people who are based in dispersed geographical locations, having different cultural
Management theory suggests that compared to an individual, a diverse group of people will be more creative because team members will bring a variety of ideas, perspectives, and approaches to the
Forty-six percent of employees worry about being judged by coworkers for something they have posted on social media.38 Social networking websites can be fun. Staying in touch with old friends or
Founded in 1972, the German software business SAP (Systems, Applications, and Products in Data Processing) is known as one of the world leaders in enterprise resource planning software, employing
On January 13, 2012, 32 people died after the Costa Concordia, the lead ship of Concordia-class cruise ships, ran aground with more than 4,000 passengers and crew a few hours after leaving the
Mintzberg suggests that managerial roles should encompass interpersonal, decisional, and informational roles. Clearly, this is an idealized vision of the manager. They are encouraged to encompass all
For most people, artificial intelligence brings to mind replacing jobs with robots.However, 1,500 companies studied by the management consulting firm Accenture found that the largest performance
It’s one thing to ensure that customers feel that their concerns are resolved quickly.It’s something else to revamp how a company reaches customers. That’s what Nike has been up to lately. This
The UK’s National Health Service employs 1.7 million people.45 It is the world’s largest publicly funded health service. There are cases when employees have found themselves “victimized” by
Card Connection is one of the UK’s largest card publishers and a market leader in the franchise distribution of greeting cards in the UK and the Republic of Ireland (ROI).Established in 1992, it is
Selina Lo loves her job as the manager of a toy store in San Francisco. She loves the chaos and the excitement of kids as they wander around the store searching for their favorite toys. Teddy bears
Technological developments deskill the global workforce. For example, factory-built, flat-pack furniture cut out the role of experienced carpenters. Similarly, with some vehicles having on-board
Founded in 1919, Tesco has grown from a market-stall in the East End of London into the largest supermarket in the UK by market share, and one of the largest globally in just under a century. In
Internet sales comprise about 20 percent of all retail sales in the UK, with a record of £1.9 billion in online sales in December 2018. And for advancements in online sales, December 7, 2016, is a
Discuss the role of the World Trade Organization (WTO).
What are the characteristics of a multi-domestic corporation?
What are the benefits of managers knowing foreign languages?
Describe how an organization can become a global entity. Why would it choose to do so?
In 2013, a clothing factory in Bangladesh collapsed, killing 1,138 people. Some 27 global brands, including Walmart and Benetton, were using the factory. One year on, these two corporations were
Although 44 countries have signed up for the Organization for Economic Cooperation and Development (OECD) Anti-Bribery Convention to outlaw bribery and corruption, the problem is still present. Let
How do you successfully manage a growing international company? Co-founder and chairperson of the Singaporean BreadTalk group, George Quek believes in a hands-on approach and believes that being
In developing countries like Africa, Asia, and Latin America, birth rates are likely to remain high. Are there any benefits of this and is it sustainable?
Look around you and summarize the different forms of diversity you can find at your university or workplace.
Are laws, federal or otherwise, necessary for supporting diversity initiatives? Use an example from your country to illustrate.
An unexpected ethical issue arose when Hungary, Romania, and Bulgaria joined the European Union (EU). The start of the free movement of workers across the EU meant that workers from these countries
One company that appears to be getting it right on the diversity front is L’Oréal, a popular French cosmetics organization founded in 1909, with over 86,000 employees operating across 130
The 2019 Women’s FIFA World Cup saw viewer ratings soar with over 750 million viewers across the world; a 20 percent increase on the men’s World Cup in 2018. The coverage of the games have
A coworker takes credit for the excellent job you’ve performed. Frustrating! It’s probably happened to you or someone you know. How did it happen? Perhaps you shared an idea with a coworker and
While changes must continually occur in every industry, one of the most baffling problems that business executives face is employee resistance to change. What are the common techniques to minimize
Why do people resist change, even though they may carry the potential for a better tomorrow?
Job stress is a major problem for employees working in many organizations today. Discuss some of the job stressors. What can a manager do to reduce stressors for employees?
Discuss whether it is possible for managers to spot the warning signs of stress among their employees.
Change usually involves some kind of modification of the way in which a business does things. Invariably, it means alterations in products or services, and processes. Research seems to suggest that
In October 2018, the media reported that technology giant Google responded to what were deemed credible sexual assault claims against a former executive by paying him $90 million and praising him as
Scott Emmons was working for Neiman Marcus, the luxury retailer, as an enterprise architect when he realized a big gap in how their stores were handling technology. “Customers were showing up with
One of the biggest fears of a food service company manager has to be the hepatitis A virus, a highly contagious virus transmitted by sharing food, utensils, cigarettes, or drug paraphernalia with an
What are the different types of organizational plans? Are they independent of each other?
While important, rules may sometimes create more problems than they resolve. Websites like TripAdvisor are valuable for tourism, providing businesses with greater exposure. The problem is not all
Richmond plc operates a chain of department stores. The first store began operations in 1965, and the company has steadily grown to its present size of 44 stores. Two years ago, the board of
Explain why some production costs must be assigned to products through an allocation process. Name several such costs. Would such costs be classified as direct or as indirect costs?
Zen Ltd provides insurance. D section offers a specialist insurance policy for delivery staff employed by a national distribution company. A new computer system has allowed the company to collect
Bisky Bites Corporation is a biscuit-making company and manufactures chocolate-flavoured biscuits. A senior accountant is responsible for formulating the master budget of the company. The company
Sitrine Enterprises Ltd is a vintage toy car manufacturing company. Plastic is an important material used in the manufacturing of toy cars. The standard price per kg of the plastic used by Sitrine is
The Reliable TV Repair Shop has budgeted the following costs for next year:In total, the company expects 10,000 hours of repair time it can bill to customers. According to competitive conditions, the
Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return she is earning. For example, three years ago she paid £13,000 for 200 shares of the common
Thompson and White Ltd is a snack and beverage manufacturing company. On 1 January of next year, the company is planning to launch flavoured potato crisps – Delish. The management has decided that
Wilson & Taylor plc is a multinational conglomerate. The company has a business division, Wilson & Taylor Tyres, which manufactures tyres for motorcycles and cars and is an automobile division,

Showing 400 - 500 of 1448