RHODES ENVIRONMENTAL, INC.
For Year Ended
Quiz 3-Study Guide
Remember, it is not enough to know just how to calculate the numbers in MS Excel-it is
also important to be able to explain why wed want to calculate the number AND what
that number means.
A. Chapter 13 (Chapt
Exam II look like:
1) 9 definitions and short answers (may add one or two)
-CMR (Contribution Margin Ratio): Rev-VC/Rev = CM/Rev
-Contribution Margin contributes to the fixed costs
-Incremental/Differential Costs: change between 2 decisions.
Establishment of Responsibility-
roll of tickets are locked and secured by manager, the doormen keeps ticket stubs
Segregation of duties
cashiers duties and doormen's duties are different