Question;Question 1;1. In analyzing a firm?s profitability ratios over a four-year;period, you observe that the firm?s gross margin percentage has steadily;decreased. Over the same period, its operating margin percentage has steadily;increased. How would you interpret this? Be specific in your response.;Question 2;1.;How can a financial analyst use;a firm?sdays sales in;inventory ratio, days sales in receivables ratio, and asset turnover ratioto assess a firm. As part of your;answer, you should give the formula for each ratio and say what it tells us;about the firm.Be specific in;your response.;Question 3;1.;The following information;pertains to the Sophia Corporation;Expected production (units);35,000;Standard DML hours per unit;9;Standard DML rate per hour;$18;Standard pounds of DM usage per unit;4;Standard DM price per pound;$6;Actual units produced;37,000;Actual DML hours worked;345,000;Actual cost of DML;$5,865,000;Pounds of DM purchased;150,000;Total cost of DM purchased;$1,050,000;Pounds of DM used;136,000;a);Calculate the following variances;Direct manufacturing labor rate variance;Direct manufacturing labor usage variance;Direct materials price variance (like we did in the chat session);Direct materials usage variance;b);Explain what each of the calculated variances imply about Sophia?s operations.Make sure you give a specific;possible reason for the calculated variance.;Direct manufacturing labor rate variance;Direct manufacturing labor usage variance;Direct materials price variance;Direct materials usage variance;Question 4;1.;List and describe3 ways in which management accounting differs from financial;accounting.Be specific in;your response.;Question 5;1.;List and describe4 potential problems with budgeting. As part of your description;provide an example of each potential problem.
Paper#39843 | Written in 18-Jul-2015Price : $27