Question;Week 1 discussion;Cost Terms, Classifications, and Behavior (graded);Welcome to our Week 1 Discussions! To get us started, let's;consider the following questions.;1) Would a traditional income statement differ depending on whether the;business is a service organization, merchandiser, or manufacturer?;2) Could we use managerial accounting tools to assess the profitability;of an organization other than a manufacturing business, or are the topics that;we are learning only related to manufacturing?;3) If we could use these concepts in service and/or merchandising;businesses, how would we go about doing so?;Let's;start with the first question.;Research and Application (graded);Go to page 130, Case 3-30, Ethics and the Manager. Let?s;discuss the questions, make value-added comments, points, and share personal;experiences of unethical situations.;Week 2 discussion;Job Order and Process Costing Systems (graded);Welcome;to our Week 2 Discussions! Let's begin by discussing when job order;costing systems would be more appropriate than a process costing system.;Research and Application (graded);Go to page 166 and read Case 4-19, Ethics and the Manager;Understanding the Impact of Percentage Completion on Profit. Let?s address the;questions, provide reasons for our answers, share relevant personal;experiences, and provide value-added comments, articles, and related websites.;Let?s have a lot of interaction.;Week 3 discussion;Variable Costing and CVP concepts (graded);Welcome to our Week 3 Discussions! To get us started;let's discuss how CVP analysis is used in managerial accounting;decision-making.;?;Research and Application (graded);Below is the link that will take you directly to the 2004;financial statements of the Benetton Group, followed by the discussion;questions.http://www.benettongroup.com/sites/all/temp/doc/2004_annual_report_en.pdf;Let's answer these questions in the order that they appear.;1. How do the formats of the income statements shown on;pages 33 and 50 of Benetton?s annual report differ from one;another (disregard everything beneath the line titled ?income from;operations?)? Which expenses shown on page 50 appear to have been reclassified;as variable selling costs on page 33?;2. Why do you think cost of sales is included in the computation of;contribution margin on page 33?;3. Perform two separate computations of Benetton?s break-even point in euros.;For the first computation, use data from 2003. For the second computation, use;data from 2004. Why do the numbers that you computed differ from one another?;4. What sales volume would have been necessary in 2004 for Benetton to attain a;target income from operations of ?300 million?;5. Compute Benetton?s margin of safety using data from 2003 and 2004. Why do;your answers for the two years differ from one another?;6. What is Benetton?s degree of operating leverage in 2004? If Benetton?s sales;in 2004 had been 6% higher than what is shown in the annual report, what income;from operations would the company have earned? What percentage increase in;income from operations does this represent?;7. What income from operations would Benetton have earned in 2004 if it had;invested an additional ?10 million in advertising and promotions and realized a;3% increase in sales? As an alternative, what income from operations would Benetton;have earned if it not only invested an additional?10 million in advertising;and promotions but also raised its sales commission rate to 6% of sales;thereby generating a 5% increase in sales? Which of these two scenarios would;have been preferable for Benetton?;8. Assume that total sales in 2004 remained unchanged at, ?1,686 million (as;shown on pages 33 and 50), however, the Casual sector sales were, ?1,504;million, the Sportswear and Equipment sector sales were ?75 million, and the;Manufacturing and Other sector sales were ?107 million. What income from;operations would Benetton have earned with this sales mix? (Hint: look at pages;36 and 37 of the annual report.) Why is the income from operations under this;scenario different from what is shown in the annual report?;Week 4 discussion;Budgeting Case Study (graded);Let's start the week by reviewing the following case. First;let's discuss how the budgeting process as employed by Springfield contributes;to the failure to achieve the president's sales and profit targets.Click;here to view the file;Exam Review (graded);To begin, download the practice Midterm Exam from Doc Sharing;to access questions and topics for review. For multiple-choice questions;please explain why the answer chosen is correct, and why the other choices;would not be correct. Please support your response. Let's begin with the;questions on Page;Week 5 discussion;Standards, Variances, Flexible Budgets (graded);To;begin, please read Case 10B-5 on page 471, Ethics and the Manager. How were the;standard costs developed? Are the standards set too high or too low? Please;elaborate.;Research and Application (graded);Let's look at Case 9-26, Ethics and the Manager, in Chapter;9, page 414, and address and discuss the question there.;Week 6 discussion;Segment Reporting and Relevant Costs (graded);To begin, please read Case 12-32 on page 576. Which costs are;relevant in the decision to shut down the Ashton facility? Then, let?s answer;the questions at the end of the case. Also, value-added comments, points, and;experiences are welcome and encouraged.;Research and Application (graded);To begin, please read Problem 11-22 on page 505 of the;e-book and let's discuss the first question! Value-added comments, points, and;experiences are also welcomed and encouraged.;Week 7 discussion;Capital Budgeting (graded);Welcome to Week 7 Discussions! Let's begin by;discussing the difference between capital budgeting screening;decisions and capital budgeting preference decisions. Then, we will;entertain additional questions relating to important capital budgeting terms;concepts, tools, methods, etc.;Value-added, comments, points, observations, and experiences are welcomed and;encouraged.;Exam Review (graded);To;begin, download the Practice Final Exam from Doc Sharing to access questions;and topics for review. For multiple-choice questions, please explain why the;answer chosen is correct and why the other choices would not be correct. Please;support your response. Let's begin with the questions on page 1.;This section lists options that can be used to view responses.
Paper#44336 | Written in 18-Jul-2015Price : $38