Almond, Inc. uses a balanced scorecard. Match the measures below with the appropriate section of the Balanced Scorecard Residual Income ["", "", "", "", "", "", "", ""] Average age of raw materials inventory ["", "", "", "", "", "", "", ""] Customer satisfaction ["", "", "", "", "", "", "", ""] Average education level of the firm's managers ["", "", "", "", "", "", "", ""]
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Almond, Inc. uses a balanced scorecard. Match the measures below with the appropriate section of the Balanced Scorecard
Residual Income ["", "", "", "", "", "", "", ""]
Average age of raw materials inventory ["", "", "", "", "", "", "", ""]
Customer satisfaction ["", "", "", "", "", "", "", ""]
Average education level of the firm's managers ["", "", "", "", "", "", "", ""]
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- An example of qualitative data is 1.product price 2.production cos 3.product features 4.prime costBaxter Corporation has been using FIFO during a period ofrising costs. Explain whether you would expect each of the following measurements to be higher or lower if the com-pany had been using LIFO. a. Net income.b. Inventory turnover rate.c. Income taxes expense.Using the table below, create a line chart in which profit or loss is plotted on the Y-axis and sales volume is plotted on the X-axis. This is commonly called a profit/volume chart. Although sales volume can be expressed in either units or dollars, use units for your chart. Complete the Chart Tickler Data Table to include a column for profits. Use this table as a basis for preparing the chart. Cost-Volume-Profit Analysis Data Section Income Statement in a Contribution Margin Fixed Variable Particulars Amounts Production costs Projected unit sales 120,000 Direct materials $2.30 Selling price per unit $16.00 Direct labor 4.70 Less Vairable Cost Factory overhead $225,000 3.00 Direct materials $2.30 Selling expenses Direct labor 4.70 Sales salaries & commissions 97,000 0.75 Factory overhead…
- The following information relates to CEE Company: (Refer to image). Assume that the company uses the average cost approach. What is the cost ratio? Express your answer in percentage and round up to two decimal points.How much is the net operating income contributed to the company by Department A and B? Using the data above, what is the segment margin of Department A and B?Which of the following accounts would be reported under operating expenses on a multi-step income statement? A. sales B. advertising expense C. sales returns and allowances D. interest expense
- Based on the partial trial balance below, prepare the Statement of Income (SCI) with supporting notes to the financial statements Make sure that the Statement of Income has the following: Net Purchases- X,XXX,XXX. Total Gross Income- X,XXX,XXX. Total Marketing and Selling Expenses- XXX,XXX. Total General and Administrative Expenses- XXX,XXX. Total Manufaturing Cost - X,XXX,XXX. Total Cost of Goods Sold- X,XXX,XXX. Total Cost of Goods Manufactured- X,XXX,XXX. Total Factory Overhead- X,XXX,XXX Net Income After Tax- XXX,XXX.Tennair Corporation manufactures cooling system components. The company has gathered the following information about two of its customers: Evans Equipment and Rogers Refrigeration. Evans Equipment Sales revenue Rogers Refrigeration $ 160,000 61,000 Cost of goods sold General selling costs $ 229,000 102,000 37,000 23,800 28,500 General administrative costs 17,850 Cost-driver data used by the firm and traceable to Evans and Rogers are: Customer Activity Sales activity Order taking Special handling Special shipping Customer Activity Sales activity Order taking Special handling Special shipping Cost Driver Sales visits Sales orders Units handled Shipments Evans Equipment 12 visits 31 orders 460 units. 33 shipments Pool Rate $ 970 278 44 460 Rogers Refrigeration 9 visits 36 orders 410 units 44 shipments Required: A. Perform a customer profitability analysis for Tennair. Compute the gross margin and operating income on transactions related to Evans Equipment and Rogers Refrigeration.Classify the following items as either:TPS—transaction processing systemFRS—financial reporting systemMRS—management reporting systema. Variance reportsb. Sales order capturec. Balance sheetd. Budgetse. Purchase order preparationf. Tax returnsg. Sales summary by product lineh. Cash disbursements preparationi. Annual report preparationj. Invoice preparationk. Cost-volume-profit analysis
- Value chain classifications Match each of the following cost items with the value chain business function where you would expect the cost to be incurred: Business Function Cost Item Answera. Research and development 1. Purchase of raw materialsb. Design 2. Advertisingc. Production 3. Salary of research scientistsd. Marketing 4. Shipping expensese. Distribution 5. Reengineering of product assembly processf. Customer service 6. Replacement parts for warranty repairs7. Manufacturing supplies8. Sales commissions9. Purchase of CAD (computer-aideddesign) software10. Salary of website designerWhich of the following represents the components of the income statement for a service business? Select one: a. Service Revenue – Operating Expenses = operating income b. Sales Revenue – Cost of Goods Manufactured = gross profit c. Sales Revenue – Cost of Goods Sold = gross profit d. Service Revenue – Cost of Goods Purchased = gross profitA production cost report aids in preparing an income statement by providing data for? of goods sold during the period B. period costs incurred during the period C. various inventory accounts D. revenues generated during the period A. cost