Merchandising firms Study guides, Class notes & Summaries

MAC3761_ STUDY SUMMARY NOTES. This is a complete and an all-inclusive guide to MAC3761 - Management Accounting. Cost Objects A cost object is any activity for which a separate measurement of costs is desired. In other words, if the users of accounting information want to know the cost of something, this something is called a cost object. Examples of cost objects include the cost of a product, the cost of rendering a service to a bank customer or hospital patient, the cost of operating a par...

Chapter 1: Brands and brand management What is a brand? -­‐ Brand is derived from the old Norse word brandr, which means `to burn` -­‐ According to the American Marketing Association, a brand is a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competition -­‐ Components that identify and differentiate a brand can be called brand elements Bran...

1. A famous case in the 1980s involved Coca-Cola introducing New Coke after much research. The failure of New Coke was largely due to: a. A narrow conception of the research. b. Uneven caliber of researchers. c. Poor problem definition. d. Late and occasional erroneous findings. e. Personality and presentation differences. ANSWER: c POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States - BUSPROG: Analytic 2. The process of trying to identify specific areas where additional inform...

Question 2 of 21 1.0 Points Which stakeholders have the first claim on assets when a organisation enters bankruptcy? • A. Creditors • B. Top management • C. Debtors • D. Shareholders Answer Key:A Question 3 of 21 1.0 Points The long-term financial goal of the firm may be achieved by ... • A. maximising revenue and minimising expenses. • B. minimising the cost of capital and maximising the internal rate of return (IRR). • C. m...

ACCT (D196) - PRINCIPLES OF FINANCIAL AND MANAGERIAL ACCOUNTING Study Guide Guaranteed A+ Bookkeeping *** day to day keeping of transcations Steps of decision making *** identify issue Gather information Identify alternatives Select option that most likely results in desired objective Accounting *** analysis of events Record and report financial effects of business activities Where does capital come from (3) *** investors creditors (lenders) Business itself (from earnings retai...

TESTBANK&SOLUTION MANUAL FOR Managerial AccountingTools for Business Decision Making, 6th Canadian Edition, Jerry Weygandt, Paul Kimmel, Ibrahim Aly CHAPTER 1 MANAGERIAL ACCOUNTING SUMMARY OF QUESTION TYPES BY LEARNING OBJECTIVE, BLOOM’S TAXONOMY, LEVEL OF DIFFICULTY, AACSB CODES, AND CPA CODES Item LOBTLODAACSB CPA Item LO BT LODAACSB CPA Item LO BT LODAACSB CPA True-False Statements 1. 1 C E AN MA 3. 2 K E AN MA 5. 4 K E AN MA 2. 1 C E AN MA 4. 2 K E AN MA Multiple Choice Ques...

Chapter 1: The financial goal of a firm Any organisation that is managed in accordance with business principles should be able to ensure its survival because it will ... A. maximise its revenue from sales and control its expenses. B. plan its cash inflows and outflows by means of a cash budget. C. keep its cost of financing as low as possible. D. undertake all the above-mentioned financial measures. Answer Key: D Current liabilities can be viewed as ... A. debts that mature in one year or less. ...

MAC3761 - Selected Accounting & Financial Management Techniques-study-summary-notes. TOPIC 1 Cost Objects A cost object is any activity for which a separate measurement of costs is desired. In other words, if the users of accounting information want to know the cost of something, this something is called a cost object. Examples of cost objects include the cost of a product, the cost of rendering a service to a bank customer or hospital patient, the cost of operating a particular department...

ACCOUNTING CFAS EXAM QUESTIONS AND ANSWERS 2022 COMPLETE SOLUTION 1. Which of the following will the vendor of the goods forward to the buyer? Group of answer choices Receiving report Invoice Purchase order Voucher 2. A balance in the ‘’Deferred Revenue’’ account represents: Group of answer choices Money received by the company for goods and services not yet conveyed to the buyer. Revenues not yet received. goods or services not set received by the company that has al...

Horngren's Cost Accounting: A Managerial Emphasis, 17e by Datar/Rajan Chapter 2 An Introduction to Cost Terms and Purposes Objective 2.1 1) Which of the following would be considered an actual cost of a current period? A) the $25 of materials in a manufactured chair that is ready to be shipped to the customer B) the $22 of direct material cost per unit assumed in the actual budget of a manufacturer of chairs C) the expected cost of materials for a chair as a result of engineering s...