Critical Thinking

1. Is it possible to make good decisions without thinking critically? Why or why not? 2. How would you determine when short term or long term goals should drive a decision? 3. What is the relationship between critical thinking (CT) and ethics? NOTE: Response should include an example

opinion required

Judy Burkett, an able mechanical engineer, was informed that she would be promoted to assistant factory manager. Judy was pleased but uncomfortable. In particular, she knew little about accounting. She had taken a course once in financial accounting. Judy planned to enroll in a management accounting course as soon as possible. ...continues

Accountants as Internal Consultants

Marmon Company is a collection of more than 100 different operating companies with revenues of more than $6 billion. Its member companies manufacture such diverse products as copper tubing, water purification products, railroad tank cars, and store fixtures, and they provide services such as credit information for banks. Thi ...continues

Preparing for Reduced Budgets; Discretionary / Committed Costs

Dr. Stephanie White, the Chief Administrator of Uptown Clinic, a community mental health agency, is concerned about the dilemma of coping with reduced budgets next year and into the foreseeable future, but increasing demand for services. In order to plan for reduced budgets, she must first identify where costs can be cut or redu ...continues

Activity Based Costing in the Information Age

Activity based costing systems provide a much more accurate picture of product costs than do traditional product costing systems. This exercise focuses on an article presented on the Web site of the ACA Group, an alliance of highly trained and experienced consultants and instructors. The ACA Group provides in-house training, man ...continues

Preparing for Reduced Budgets; Discretionary versus Committed Costs

Dr. Stephanie White, the Chief Administrator of Uptown Clinic, a community mental health agency, is concerned about the dilemma of coping with reduced budgets next year and into the foreseeable future, but increasing demand for services. In order to plan for reduced budgets, she must first identify where costs can be cut or redu ...continues

Production planning

Adequate inspection and safe storage are important to proper control of materials in production planning. Why?

Activity Based Costing

An Organization has been thinking about implementing Activity base costing. The organization has asked you to prepare a summary of activity base costing. Compare , contrast and identify common themes among all of these concepts: a) Activity Based Costing b) Balanced Scorecard c) Economic Value Added

Variable overhead costs

The Minnetonka Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis. After considerable research, a cross-country ski line has been developed. Because of the c ...continues

Describe how you would measure performance in each of these areas

The following multiple goals were identified by General Electric: · Profitability · Market position · Productivity · Product Leadership · Personnel Development · Employee attitudes · Public responsibility · Balance between short-range and long-range goals General Electric is a huge, highly decentralized ...continues