Managerial Accounting

Basic framework for making decisions, Analytical approach to case material, setting up For any decision. Background of GSU Case: - Used to rent Georgia Dome but GD is being rebuilt. - Braves are moving from Turner Field --- surrounding area opened up - GSU paid 30 million for the land - Existing baseball stadium at Turner Field - Can either renovate or build a new stadium - Also planning on building Hank Aaron Baseball stadium and a parking lot - Likely higher profit margin from parking once GS...

Questions are provided with answers: 1. We know that the controllable benefits less the controllable costs of an option equal its value. Can focusing only on relevant costs and benefits ever give us value? 2. Many decisions often involve qualitative factors. How can you reconcile this fact with the concept of relevant costs? 3. Every relevant cost is controllable. However, not all controllable costs are relevant. Why are both statements correct? 3. When might the magnitude of a sunk cost be rele...