© zxMcGraw zxHill zxLLC. zxAll zxrights zxreserved. zxNo zxreproduction zxor zxdistribution zxwithout zxthe zxprior zxwritten
zxconsent zxof zxMcGraw zxHill zxLLC.
,SOLUTION zx MANUAL zxFOR
Managerial zxAccounting zxCreating zxValue zxin zxa
Dynamic zxBusiness zxEnvironment zx13e zxHilton
zx
Chapter zx1-17With zxAppendix zx(I zxII zxIII)
CHAPTER zx1
The zx Crucial zx Role zxof zxManagerial zxAccounting zxin zxa zxDynamic
zx Business zxEnvironment
FOCUS zxON zxETHICS zx(Located zxbefore zxthe zxChapter zxSummary zxin zxthe zxtext.)
The zxfocus-on-ethics zxinset zxfor zxChapter zx1 zxis zxthe zxIMA zxStatement zxof zxEthical
zxProfessional zxPractice. z x Instructors zxcan zxuse zxthis zxlist zxof zxethical zxprinciples
zxand zxstandards zxto zxlead zxa zxclass zxdiscussion. z x The zxdiscussion zxcan zxalso zxrange
zxto zxconsideration zxof zxhow zxthese zxstandards zxmay zxhave zxbeen zxviolated zxby
zxaccountants zxand zxmanagers zxinvolved zxin zxthe zxvarious zxethical zxscandals zxuncovered
zxover zxthe zxpast zxseveral zxyears. z x It zxis zxalso zxuseful zxto zxdiscuss zxthe zxpros zxand zxcons
zxof zxthe zxprocedures zxfor zx―Resolving zxEthical zxIssues‖ zxthat zxIMA zxsuggests zxfor zxits
zxmembers zxwhen zxthey zxbelieve zxthey zxknow zxabout zxethical zxlapses zxin zxtheir
zxorganizations.
We zxalso zxintroduce zxhere zxthe zxconnection zxto zxthe zx―Ethics zxUnwrapped‖ zxvideo
zxseries zxthat zxcan zxsupplement zxthe zxdiscussion zxof zxethics zxin zxthe zxcontext zxof zxeach
zxchapter. zxIn zxeach zxchapter zxof zxthe zxtext, zxwe zxhave zxsuggested zxtopic zxvideos zxin zxthe
zxseries zxthat zxalign zxwith zxthat zxchapter. zxDiscussion zxguidance zxand zxquestions zxrelating
zxto zxthe zxvideos zxcan zxbe zxfound zxon zxthe zx―Ethics zxUnwrapped‖ zxsite zxat zxthe zxURL
zxprovided. zxThis zxresource zxis zxprovided zxby zxpermission zxfrom zxthe zxUniversity zxof
zxTexas zxat zxAustin, zxMcCombs zxSchool zxof zxBusiness.
ANSWERS zxTO zxREVIEW zxQUESTIONS
1-1 The zxexplosion zxin zxe-commerce zxwill zxaffect zxmanagers zxin zxsignificant zxways. z x One
zxeffect zxwill zxbe z x a zxdrastic zxreduction zxin zxpaperwork. z x Millions zxof
zxtransactions zxbetween zxbusinesses zxare zxconducted zxelectronically zxwith zxno
zxhard-copy zxdocumentation. zxAlong zxwith zxthis zxmethod zxof zxcommunicating zxfor
zxbusiness zxtransactions zxcomes zxthe zxvery zxsignificant zxissue zxof zxinformation
zxsecurity. zxBusinesses zxneed zxto zxfind zxways zxto zxprotect zxconfidential zxinformation
zxin zxtheir zxown zxcomputers, zxin zxcloud zxcomputing zxdata zxcenters, zxand zxwhile
zxmoving zxacross zxthe zxinternet, zxwhile zxat zxthe zxsame zxtime zxsharing zxthe
zxinformation zxnecessary zxto zxcomplete zxtransactions. z x Another zxeffect zxof zxe-
© zxMcGraw zxHill zxLLC. zxAll zxrights zxreserved. zxNo zxreproduction zxor zxdistribution zxwithout zxthe zxprior zxwritten
zxconsent zxof zxMcGraw zxHill zxLLC.
, commerce zxis zxthe zxdramatically zxincreased zxspeed zxwith zxwhich zxbusiness
zxtransactions zxcan zxbe zxconducted. zxIn zxaddition, zxthere zxwill zxbe zxdramatic
zxchanges zxin zxthe zxway zxmanagerial zxaccounting zxprocedures zxare zxcarried zxout,
zxone zxexample
Managerial zxAccounting, zx13/e 5-1
© zxMcGraw zxHill zxLLC. zxAll zxrights zxreserved. zxNo zxreproduction zxor zxdistribution zxwithout zxthe zxprior zxwritten
zxconsent zxof zxMcGraw zxHill zxLLC.
, being zxcloud-based zxbudgeting, zxwhich zxis zxthe zxenterprise-wide zxand zxelectronic zxcompletion
zxof
a zxcompany‘s zxbudgeting zxprocess zxusing zxcloud-based zxsoftware zxand zxdata zxstorage.
1-2 Plausible zxgoals zxfor zxthe zxorganizations zxlisted zxare zxas zxfollows:
(a) Amazon.com: zx(1) zxTo zxachieve zxand zxmaintain zxprofitability, zxand zx(2) zxto
zxgrow zxon-line zxsales zxof zxtheir zxmany zxproducts. zx Amazon zxis zxalso zxfamous
zx(infamous) zxfor zxwanting zxto zxhave zxevery zxproduct zxin zxthe zxworld zxon zxits
zxsite.
(b) American zxRed zxCross: zx(1) zxTo zxraise zxfunds zxfrom zxthe zxgeneral zxpublic
zxsufficient zxto zxhave zxresources zxavailable zxto zxmeet zxany zxdisaster zxthat
zxmay zxoccur, zxand zx(2) zxto zxprovide zxassistance zxto zxpeople zxwho zxare
zxvictims zxof zxa zxdisaster zxanywhere zxin zxthe zxworld zxon zxshort zxnotice.
(c) General zxMotors: zx(1) zxTo zxearn zxincome zxsufficient zxto zxprovide zxa zxgood
zxreturn zxon zxthe zxinvestment zxof zxthe zxcompany's zxstockholders, zxand zx(2) zxto
zxprovide zxthe zxhighest-quality zxproduct zxpossible.
(d) Wal-Mart: zx(1) zxTo zxpenetrate zxthe zxretail zxmarket zxin zxvirtually zxevery
zxlocation zxin zxthe zxUnited zxStates, zxand zx(2) zxto zxgrow zxover zxtime zxin
zxterms zxof zxnumber zxof zxretail zxlocations, zxtotal zxassets, zxand zxearnings.
z x Also, zxto zxbe zxcompetitive zxwith zxAmazon zxin zxthe zxe-retail zxspace.
(e) City zxof zxSeattle: zx(1) zxTo zxmaintain zxan zxurban zxenvironment zxas zxfree zxof
zxpollution zxas zxpossible, zxand zx(2) zxto zxprovide zxpublic zxsafety, zxpolice, zxand
zxfire zxprotection zxto zxthe zxcity's zxcitizens.
(f) Hertz: zx(1) zxTo zxbe zxa zxrecognizable zxhousehold zxname zxassociated zxwith
zxrental zxcar zxservices, zxand zx(2) zxto zxprovide zxreliable zxand zxeconomical
zxtransportation zxservices zxto zxthe zxcompany's zxcustomers.
1-3 The zxfour zxbasic zxmanagement zxactivities zxare zxlisted zxand zxdefined zxas zxfollows:
(a) Decision zxmaking: zxChoosing zxamong zxthe zxavailable zxalternatives.
(b) Planning: z x Developing z x a z x detailed z x financial z x and
z x operational z x description z x of zxanticipated zxoperations.
(c) Directing zxoperations: zxRunning zxthe zxorganization zxon zxa zxday-to-day zxbasis.
(d) Controlling: zxEnsuring zxthat zxthe zxorganization zxoperates zxin zxthe zxintended
zxmanner zxand z x achieves zxits zxgoals.
© zxMcGraw zxHill zxLLC. zxAll zxrights zxreserved. zxNo zxreproduction zxor zxdistribution zxwithout zxthe zxprior zxwritten
zxconsent zxof zxMcGraw zxHill zxLLC.
zxconsent zxof zxMcGraw zxHill zxLLC.
,SOLUTION zx MANUAL zxFOR
Managerial zxAccounting zxCreating zxValue zxin zxa
Dynamic zxBusiness zxEnvironment zx13e zxHilton
zx
Chapter zx1-17With zxAppendix zx(I zxII zxIII)
CHAPTER zx1
The zx Crucial zx Role zxof zxManagerial zxAccounting zxin zxa zxDynamic
zx Business zxEnvironment
FOCUS zxON zxETHICS zx(Located zxbefore zxthe zxChapter zxSummary zxin zxthe zxtext.)
The zxfocus-on-ethics zxinset zxfor zxChapter zx1 zxis zxthe zxIMA zxStatement zxof zxEthical
zxProfessional zxPractice. z x Instructors zxcan zxuse zxthis zxlist zxof zxethical zxprinciples
zxand zxstandards zxto zxlead zxa zxclass zxdiscussion. z x The zxdiscussion zxcan zxalso zxrange
zxto zxconsideration zxof zxhow zxthese zxstandards zxmay zxhave zxbeen zxviolated zxby
zxaccountants zxand zxmanagers zxinvolved zxin zxthe zxvarious zxethical zxscandals zxuncovered
zxover zxthe zxpast zxseveral zxyears. z x It zxis zxalso zxuseful zxto zxdiscuss zxthe zxpros zxand zxcons
zxof zxthe zxprocedures zxfor zx―Resolving zxEthical zxIssues‖ zxthat zxIMA zxsuggests zxfor zxits
zxmembers zxwhen zxthey zxbelieve zxthey zxknow zxabout zxethical zxlapses zxin zxtheir
zxorganizations.
We zxalso zxintroduce zxhere zxthe zxconnection zxto zxthe zx―Ethics zxUnwrapped‖ zxvideo
zxseries zxthat zxcan zxsupplement zxthe zxdiscussion zxof zxethics zxin zxthe zxcontext zxof zxeach
zxchapter. zxIn zxeach zxchapter zxof zxthe zxtext, zxwe zxhave zxsuggested zxtopic zxvideos zxin zxthe
zxseries zxthat zxalign zxwith zxthat zxchapter. zxDiscussion zxguidance zxand zxquestions zxrelating
zxto zxthe zxvideos zxcan zxbe zxfound zxon zxthe zx―Ethics zxUnwrapped‖ zxsite zxat zxthe zxURL
zxprovided. zxThis zxresource zxis zxprovided zxby zxpermission zxfrom zxthe zxUniversity zxof
zxTexas zxat zxAustin, zxMcCombs zxSchool zxof zxBusiness.
ANSWERS zxTO zxREVIEW zxQUESTIONS
1-1 The zxexplosion zxin zxe-commerce zxwill zxaffect zxmanagers zxin zxsignificant zxways. z x One
zxeffect zxwill zxbe z x a zxdrastic zxreduction zxin zxpaperwork. z x Millions zxof
zxtransactions zxbetween zxbusinesses zxare zxconducted zxelectronically zxwith zxno
zxhard-copy zxdocumentation. zxAlong zxwith zxthis zxmethod zxof zxcommunicating zxfor
zxbusiness zxtransactions zxcomes zxthe zxvery zxsignificant zxissue zxof zxinformation
zxsecurity. zxBusinesses zxneed zxto zxfind zxways zxto zxprotect zxconfidential zxinformation
zxin zxtheir zxown zxcomputers, zxin zxcloud zxcomputing zxdata zxcenters, zxand zxwhile
zxmoving zxacross zxthe zxinternet, zxwhile zxat zxthe zxsame zxtime zxsharing zxthe
zxinformation zxnecessary zxto zxcomplete zxtransactions. z x Another zxeffect zxof zxe-
© zxMcGraw zxHill zxLLC. zxAll zxrights zxreserved. zxNo zxreproduction zxor zxdistribution zxwithout zxthe zxprior zxwritten
zxconsent zxof zxMcGraw zxHill zxLLC.
, commerce zxis zxthe zxdramatically zxincreased zxspeed zxwith zxwhich zxbusiness
zxtransactions zxcan zxbe zxconducted. zxIn zxaddition, zxthere zxwill zxbe zxdramatic
zxchanges zxin zxthe zxway zxmanagerial zxaccounting zxprocedures zxare zxcarried zxout,
zxone zxexample
Managerial zxAccounting, zx13/e 5-1
© zxMcGraw zxHill zxLLC. zxAll zxrights zxreserved. zxNo zxreproduction zxor zxdistribution zxwithout zxthe zxprior zxwritten
zxconsent zxof zxMcGraw zxHill zxLLC.
, being zxcloud-based zxbudgeting, zxwhich zxis zxthe zxenterprise-wide zxand zxelectronic zxcompletion
zxof
a zxcompany‘s zxbudgeting zxprocess zxusing zxcloud-based zxsoftware zxand zxdata zxstorage.
1-2 Plausible zxgoals zxfor zxthe zxorganizations zxlisted zxare zxas zxfollows:
(a) Amazon.com: zx(1) zxTo zxachieve zxand zxmaintain zxprofitability, zxand zx(2) zxto
zxgrow zxon-line zxsales zxof zxtheir zxmany zxproducts. zx Amazon zxis zxalso zxfamous
zx(infamous) zxfor zxwanting zxto zxhave zxevery zxproduct zxin zxthe zxworld zxon zxits
zxsite.
(b) American zxRed zxCross: zx(1) zxTo zxraise zxfunds zxfrom zxthe zxgeneral zxpublic
zxsufficient zxto zxhave zxresources zxavailable zxto zxmeet zxany zxdisaster zxthat
zxmay zxoccur, zxand zx(2) zxto zxprovide zxassistance zxto zxpeople zxwho zxare
zxvictims zxof zxa zxdisaster zxanywhere zxin zxthe zxworld zxon zxshort zxnotice.
(c) General zxMotors: zx(1) zxTo zxearn zxincome zxsufficient zxto zxprovide zxa zxgood
zxreturn zxon zxthe zxinvestment zxof zxthe zxcompany's zxstockholders, zxand zx(2) zxto
zxprovide zxthe zxhighest-quality zxproduct zxpossible.
(d) Wal-Mart: zx(1) zxTo zxpenetrate zxthe zxretail zxmarket zxin zxvirtually zxevery
zxlocation zxin zxthe zxUnited zxStates, zxand zx(2) zxto zxgrow zxover zxtime zxin
zxterms zxof zxnumber zxof zxretail zxlocations, zxtotal zxassets, zxand zxearnings.
z x Also, zxto zxbe zxcompetitive zxwith zxAmazon zxin zxthe zxe-retail zxspace.
(e) City zxof zxSeattle: zx(1) zxTo zxmaintain zxan zxurban zxenvironment zxas zxfree zxof
zxpollution zxas zxpossible, zxand zx(2) zxto zxprovide zxpublic zxsafety, zxpolice, zxand
zxfire zxprotection zxto zxthe zxcity's zxcitizens.
(f) Hertz: zx(1) zxTo zxbe zxa zxrecognizable zxhousehold zxname zxassociated zxwith
zxrental zxcar zxservices, zxand zx(2) zxto zxprovide zxreliable zxand zxeconomical
zxtransportation zxservices zxto zxthe zxcompany's zxcustomers.
1-3 The zxfour zxbasic zxmanagement zxactivities zxare zxlisted zxand zxdefined zxas zxfollows:
(a) Decision zxmaking: zxChoosing zxamong zxthe zxavailable zxalternatives.
(b) Planning: z x Developing z x a z x detailed z x financial z x and
z x operational z x description z x of zxanticipated zxoperations.
(c) Directing zxoperations: zxRunning zxthe zxorganization zxon zxa zxday-to-day zxbasis.
(d) Controlling: zxEnsuring zxthat zxthe zxorganization zxoperates zxin zxthe zxintended
zxmanner zxand z x achieves zxits zxgoals.
© zxMcGraw zxHill zxLLC. zxAll zxrights zxreserved. zxNo zxreproduction zxor zxdistribution zxwithout zxthe zxprior zxwritten
zxconsent zxof zxMcGraw zxHill zxLLC.
