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Consider the following linear programming model:
Demonstrate the graphical solution of this model.
Solve the following linear programming model by using the computer:
A tailor makes wool tweed
Relevant Information for
Information is relevant to a decision
problem when . . .
1. Futuristic: It has a bearing on the
2. Differential: It differs among competing
Target Costing and Pricing
How Are Prices Set?
Prices are determined by the market, subject
to costs that must be covered in the long run.
Prices are based on costs, subject to
reactions of customers and competitors.
Typical Capital Budgeting Decisions
Capital budgeting tends to fall into two broad
categories . . .
1.Screening decisions. Does a proposed
project meet some present standard of
2.Preference decisions. Selecting f
ANSWERS TO QUESTIONS
2. Accounting is the process of identifying, recording, and communicating the
economic events of
an organization to interested users of the information. The first step of the accounting
therefore to identify economic events
Earnings management through real activities manipulation
In the paper, I found the discretionary belong to period cost.
Discretionary expense are defined as the sum of (a) advertising expense
(b) research and development expense(R&D) (c)sel
Definition: BSC is a management tool that provides
stakeholders with a comprehensive measure of how the
organization is progressing towards the achievement of
its strategic goals.
Financial vs. Non-finan
Strategic Analysis of
Change in Operating Income
1. Growth Component the change in the
quantity of output sold between the current
and prior periods.
Price-Recovery Component the changes
in prices of inpu
Why Flexible Budgets?
Static budgets are prepared for a single,
planned level of activity.
Performance evaluation for overhead is difficult
when actual activity differs from the planned
level of activity.
How much of the favorable cost
often occurs as
continue to grow.
Decision Making is Pushed Down
Purposes of Budgeting Systems
Budget: a detailed plan, expressed in quantitative
terms, that specifies how resources will be acquired
and used during a specified period of time
Purposes of Budget:
Facilitating Communication and