Show:
Budgeting
Behavior of Cost
What does it mean
Bean Counting
Stuff?
100
The process of making planned events actually occur.
What is Exercising Control
100
The amount of resources , usually measured in dollars , sacrificed to achieve a particular objective
What is Cost
100
Ratios concerned with returns and performance
What is Investment Ratios
100
The users of Managerial Accounting
What is Managers and Business Owners
100
Beginning Inventory + net purchases
What is Cost of Goods Available
200
True or False Historic cost can never be relevant to a future decision
What is True
200
Gross profit of the business to sales revenue generated for the same period
What is Gross Profit Margin p.189
200
CPA and CMA
What are the two accounting professions
200
This is a contra account and carries a credit balance
What is Purchase Discount
300
What controls the the maximum production
What is Limiting Factor
300
The constant cost
What is Fixed Cost
300
Used to try to assess how successfully the various resources of the business are managed
What is Efficiency Ratios p.193
300
True or False, the life of a Partnership organization is indefinate
What is false.
300
Cars , fine jewelry, and real estate
What is how to inventory by using Specific Unit Cost
400
A technique where senior managers can spend most of theIR time dealing with those staff or activities that have failed to meet budget.
What is Management by Exception
400
What is Non linear cost Relationship Stepped Fixed Cost Multi-product Business
What is Weaknesses of the Break Even Analysis
400
Ratios designed to help shareholders assess the returns on their investment
What is Dividend Payout Ratio Dividend Yield Ratio Earnings per Share Price/Earnings Ratio P.209
400
Economic Resources that benefit the company in the future
What is an asset
400
Where it becomes reasonably certain that the customer will not pay, the amount owed is considered
What is Bad Debt p. 96
500
11%
What is the percent of budgets that came in on plan. P. 318
500
We take action that leads to the highest total contribution
What is Make or Buy Decision p.263
500
The relationship between the contributions made by owners and the contributions made by others
What is Financial Gearing
500
Shows about how much of the earnings were kept or re invested in the company
What is Statement of Owners Equity
500
Does the Statement of Cash Flows deal on an accrual accounting basis.
What is No, it deals with cash receipts and payments. P. 82