FINANCIAL ACCOUNTING vs. MANAGERIAL ACCOUNTINGSuppose you have been hired by an ice cream company as a market analyst. Your first assignment is to evaluatethe sales of various standard and specialty ice creams within the Western region where the company operates.You also need to determine the best-selling flavors of ice cream in other regions of the Canada as well as theselling patterns of the flavors. Do some flavors sell better than others at different times of the year, or are sometop sellers sold as limited-edition flavors?Remember that one of the strategic goals of the company is to increase market share, and the first step inmeeting this goal is to sell their product in 10 percent more stores within their current market, so your researchwill help upper-level management carry out the company's goals.1. Where would you gather the information? Where would you find this information?2. What type of information would you need?3. How would the company determine the impact of this type of change on the business?4. If implemented, what information would you need to assess the success of the plan?

The use of diverse decision-making tools and methodologies, as well as a combination of financial…

Answered: 1. Where would you gather the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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Analysse how ethical business practices and corporate social responsibility initiatives can contribute to long term sustanable economic development. Provide examples of how your workplace, or an organisation of your choice, can successfully integrates ethics, CSI and CSR into its current business model. Discuss the impact this will have on its financial performace and reputation.
select a “start-up” company in an industry of your choice and provide a brief summary description of the start-up company you chose and the goods or services it provides. 1. As a start-up company, identify three Credit Risks the company currently faces today or could face in the future. Explain in detail why these risks are a threat to the company. 2. What advice would you give to the CEO of the company to prevent or minimize these credit risks?
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1. Where would you gather the information? Where would you find this information? 2. What type of information would you need? 3. How would the company determine the impact of this type of change on the business? 4. If implemented, what information would you need to assess the success of the plan?