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- How do functional structures improve a company? Multiple Choice O It allows for quicker decision making. Marketing typically won't happen without a specific department. Finance typically won't happen without a specific department. Specialization increases efficiency and effectiveness.1. What is not a cloud computing benefit? a) Accessibility improvement b) Safer storge c) A and B d) Increase cost 2. Cost that cannot be conveniently and economically traced to a cost objected is a) Direct cost b) Fixed cost c) Indirect cost d) None of above 3. Price decisions and customer profitability are an example of strategic management accounting. a) True b) False 4. Information that is required across various types of a company structure is not significantly varied. a) True b) False 5. What are internal Sources of information: a) Previous Financial statements b) Internet c) CustomersWhich of the following is not a criticism of using ROI as the only performance measure? 16 Multiple Cholce Ask It may Incentivize short-term decisions at the expense of long-term planning It may Incentivize employees to act in ways that are consistent with the overall goals and objectives of the organization. It may Incentlvize decistons that are effective at the divislon-level, but not necessartly at the enterprise-level It may be too rellant on subjective or arbitrary allocations of capital.
- c. Smart TVs ve Su d. Smartphones stand th oppor net pr Concepts: Apply Marketing Metrics Contribution per unit and break-even analysis are two popular and very useful metrics for marketing decision making. These analyses are essential to determine if a firm's marketing oppor- tunity will mean a financial profit or loss. As explained in the chapter, contribution per unit is the difference between the price the firm charges for a product and the variable costs. Break-even analysis that includes contribution tells marketers SW how much must be sold to break even or to earn a desired amount of profit. ansmonann Let's assume that Touch of Beirut Brands is a Los Angeles- based producer of Lebanese specialty foods and ingredients. In the past, the firm has marketed primarily through restaurant dis- tributors to small mom-and-pop Lebanese cuisine restaurants around the U.S. But recently they've developed a marketing plan to sell a combination hummus and pita slices packaged product that is…Understanding the relationships in the expanded contribution margin model may be the singlemost important concept developed in managerial accounting. The model presented here provides a structure for explaining, in a consistent manner, the effect on operating income of changesin selling price, variable expenses, fixed expenses, or the volume of activity. As you study theseexamples, you will notice that four relationships are constantly interacting with one another:1. Revenue −Variable expenses 5 Contribution margin.2. Contribution margin / Revenue 5 Contribution margin ratio.3. Total contribution margin depends on the volume of activity.4. Contribution margin must cover fixed expenses before an operating income is earned.Your goals are to identify these relationships in every cost–volume–profit question and appreciatetheir interaction as a way of thinking that becomes second nature for you. Once you can visualize thisinteraction of these relationships, you are well on your way to…Managers in decentralized organizations make decisions relating to all of the following except_______. A. the companys stock price B. equipment purchases C. personnel D. prices to charge customers
- 5 Revenue mix, new and upgrade customers. Zapo 1-2-3 is a top-selling spreadsheet product. Zapo is about to release Version 5.0. It groups its customers into two groups new customers and upgrade customers (those who previously purchased Zapo 1-2-3 Version 4.0 or earlier). Although the same physical product is provided to each customer group, sizable differences exist in their selling prices and variable marketing costs: Selling price Variable cost: Manufacturing Marketing New Customers $25 65 $210 90 a. New 50%/upgrade 50%. b. New 90% / upgrade 10% Upgrade Customers $120 $25 15 40 The fixed costs of Zapo 5.0 are $14,000,000. The planned revenue mix in units is 60% new customers and 40% upgrade customers. REQUIRED 1. What is the Zapo 1-2-3 Version 5.0 breakeven point in units, assuming that the planned 60/40 mix is maintained? 2. If the mix is maintained, what is the operating income when 200,000 units are sold? 3. Show how the breakeven point in units changes with the following…Q9 b (i) Your Boss is looking over a Breakeven Chart which you have prepared to portray the Cost Volume Profit relationship of proposed plan of operations. He comments, “The chart only tells me more we sell more profits we make.” What will be your reply? How will you convince your boss that BEP analysis is important for every organization, it gives a way to design production units and identifying profits and losses? Q9 b (ii) Do you ever wonder why these Breakeven Charts are necessary to prepare only for manufacturing businesses not for trading or service business? Give Real life examples for each type of business mentioned here to justify your answer.(Ch 8) Which departments in an organization produce services for external customers? Question 1 options: Support departments. Dual-rate departments. Operating departments. Sales departments. (Ch 8) When allocating support department costs, managers must identify cost pools. The choice of cost pools is: Question 2 options: not influenced by the allocation base. not important, because all support department costs will eventually be allocated anyway. influenced by the design of the accounting information system. determined by whether a company uses IFRS or ASPE.
- Q4.a) Recently, there has been a growing awareness of the important social andeconomic roles of the Small Business sector (MSMEs) and the importance ofentrepreneurship in stimulating growth of socio-economic sector and development.This has been true in both developed and developing economies of the world.Critically discuss the factors that have provided the impetus to this kind ofdevelopment? b) Explain the difference between full-absorption costing and direct costing? Howdoes absorption costing help an entrepreneur make better decision?A large manufacturing firm is attempting to simultaneously improve quality and productivity. Which current trend in managerial accounting will inform this firm's decision-making process? A. Balanced Scorecard B Just-in-time Inventory c. Lean Manufacturing D. Economic order QuantityWhen a company is decentralized, top management will have little time to focus on long-term strategy because they will be too focused on managing day to day operations. True O False Select all of the below that are advantages of decentralization. Decentralization allows companies to duplicate costs. Decentralization provides training. Decentralization improves customer and supplier relations. Decentralization improves motivation and retention.