ACC 321 Final Exam Review Sheet

ACC 321 Final Exam Review Sheet - Positive Financial...

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ACC 321 Final Exam Review Sheet Financial Performance Measures: ROI = Net Operating Income Average Operating Assets DuPont Formulation of ROI: ROI = Margin x Turnover Where: Margin = Net Operating Income Sales Turnover = Sales Average Operating Assets Residual Income = Net Income - (Req. Return % * Assets) ROE = Net Income after interest - preferred dividends Average Owners Equity Return on Assets = Net Income after interest / Average Total Assets Return on Debt = (ROA - Net Interest Expense) x (Average Debt/Average Owners Equity) EVA = After Tax Operating Income - { WACC x (Total Assets- Current Liabilities) }
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Unformatted text preview: Positive Financial Leverage: ROA < ROE Negative Financial Leverage: ROA > ROE Internal Business Process Measures MCE = Value added manufacturing time Manufacturing cycle time Price/Rate Variances DM price variance=AQ(AP-SP) DL rate variance=AH(AR-SR) VOHD spending FOHD budget Quantity/Efficiency Variances DM quantity variance=SP(AQ-SQ) DL efficiency variance=SR(AH-SH) VOHD Efficiency FOHD Volume Strategic Performance See attached sheet Balanced Scorecard...
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This note was uploaded on 12/14/2011 for the course MGT 268 taught by Professor Paragkosalge during the Spring '08 term at Grand Valley State University.

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ACC 321 Final Exam Review Sheet - Positive Financial...

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