The operation manager of Marcoba Bhd is seeking your advice on his company's request for acomputer software to be used in managing the sales of the company. He is unsure of how toobtain the computer software but realizes that different types of acquisition will impact thecompany's financial statement differently. He is considering the following possibilities: a)Making a purchase of the computer software externally. The quotation that he has receivedincludes packages for payroll and general ledger. b) Making a purchase of a computersoftware that can be incorporated into a sales system that the company will develop. c)Signing a contract with independent programmers to develop a computer software that willspecifically cater for Marcoba Bhd's own use d) Employing own programmers to write acomputer software that the company will use. Required: Advice the operation manager on theimpact of each possibility above on the company's financial statement

The objective of this question is to understand the financial implications of different methods of…

Answered: The operation manager of Marcoba Bhd is…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

How could Pascal and Super Tech have identified and addressed this risk? What should Pascal do now? Case - Pascal is the manager of software development for Super Tech. He discovered that Bill, the lead software designer, has announced that he is leaving the company next week. Pascal finds that Bill has accepted a job with Super Tech main competitor. Pascal fear that in his new job, Bill will use technology developed while at the company and disclose the identities of key customers.
Knowitall has enlisted you to conduct a differential analysis for two business opportunities: outsourcingculinary services, and acquiring a shuttle. Relevant information for each decision is provided below.Decision 1Knowitall is considering outsourcing the culinary function to a third party, King Kitchens. Under the proposedagreement, the inn would be responsible for maintaining the facilities. King Kitchens would be responsible forproviding meals to guests, cleaning the facilities, and restaurant staffing. King Kitchens has a monthly fixed feeof $85,000, and a $5.00 fee per each served meal. Regardless of the decision, customers will be charged anaverage of $25 per meal. The Mabry Inn’s current culinary costs are summarized in Table A:Table A: Current Annual Culinary Costs54,880 estimated annual meals servedDescription CostDirect materials $658,560Direct labor $486,018Overhead* $52,000Total costs $1,196,578*Cost to maintain kitchen and restaurant facilitiesIf the proposal is accepted,…
Accounting information helps key stakeholders of the business to make decisions.From the following options,which one is the decision that an internal stakeholder is unlikely to make? A.Make decisions about how toset product selling price,whether to advertise and how much to spend on advertising B.Decide which products to continue to sell and when to add new products or drop old ones C.Identify what resources and employees the business needs,and to set benchmarks against which they can later measure the business's progress towards its goals D.Analyse the business's financial reports to decide whether to purchase shares of the company
X-Mart is a domestic chain of retail business. It has multiple branches across country. All the branches are using different software to capture their transaction processing data (Sales, Purchase, Inventory) It very difficult to Analyse the entire data for the retail store. Management wants the data to be at one place so that its easy for analysis for Managers in different departments. A. What approach you will take to bring data from all sources. (Explain-ETL) B. What benefits Managers will get once the Data warehousing is implemented. C. Give two sample reports from each business area (Sales, Purchase, Inventory), which managers will use for Analysis. (No Report Layout required - Name the Fields which will be displayed on the report)
nee You must negotiate virtually with a vendor in another country. The client relationship is sensitive and important to your company. Which of the following represents the best way to proceed? a) Use email to ensure complete understanding and to create a record of your conversation. b) Use a speakerphone to hear as much background conversation as possible. c) Conduct a video conversation with as many people as possible. d) Conduct a video conversation with a screen as large as possible.'
The SEC is trying to get companies to notify the investment community more quickly when a "material change" will affect their forthcoming financial results. In what sense might a financial manager be seen as "more ethical" if he or she follows this directive and issues a press release indicating that sales will not be as high as previously anticipated? A manager at a "Check Into Cash" business (see Focus on Ethics box on page 192) defends his business practice as simply "charging what the market will bear." "After all," says the manager, "we don't force people to come in the door." How would you respond to this ethical defense of the payday-advance business? Bond rating agencies have invested significant sums of money in an effort to determine which quantitative and nonquantitative factors best predict bond defaults. Furthermore, some of the raters invest time and money to meet privately with corporate personnel to get nonpublic information that is used in assigning the issue's bond…
Beamish Incorporated, which produces a single product, has provided the following data for its most recent month of operations: Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense Multiple Choice There were no beginning or ending inventories. The absorption costing unit product cost was: $101 per unit $139 per unit $106 per unit 10,900 $ 51 $ 50 $223 per unit $5 $9 $359,700 $817,500
Overview Fordham and Hamilton evaluated a broad range of small businesses and found that a large majority are still using accounting practices that do not constitute true integrated computerized accounting systems. Read this article before you begin this assignment: Accounting Information Technology in Small Businesses: An Inquiry. Instructions In which you: Evaluate the findings Fordham and Hamilton presented in their paper. Propose additional reasons why small business owners are not using AIS in their businesses. Provide support to your arguments and proposals using additional materials. Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources. This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all supports. Check with your professor for any additional instructions.
THIS IS A CASE STUDY ANALYSIS. Read the situation and answer these questions: 1. Do you think Pearson’s historical practice of making all sales on credit is effective? Why or why not? 2. Develop a plan for Pearson to implement to ensure its revenues stay up-to-date and are not affected by fraudulent customers
What is the easiest way to set up multiple companies, with the same owner, in Quickbooks? A. Use the Advanced/detailed Setup to go through the EasyStep Interview for each company, creating a separate company file for each. B. Use the Advanced/ Detailed Setup to go through the EasyStep Interview for the oldest company, then click File >Add Additional Business at the end of the interview l. C. Purchase a separate Quickbooks license for each company. You will create different icons for each company on your desktop. D. Set up classes for each company within the parent company file. This will allow you to print financial statements for each company.
Hello! Please help me answer the question and activity costs. they are both in bold. Thank you!! :) Selecting Chart of Accounts The company’s accounting intern is new and has confused the Finn Corporation’s regular chart of accounts with the proposed chart of accounts for the lean accounting system. Review the charts of accounts on the Chart of Accounts I and Chart of Accounts II, and then answer the following question. Which chart of accounts should Finn Corporation most likely implement if they want to use lean accounting principles? (chart of accounts I, chart of accounts II, both will work equally well) Question Content Area Cost of Quality Report This year, Finn Corporation implemented programs designed to assess the costs of quality for the company. However, the company recently suffered a data loss, and some of its records have been either partially or completely erased. The accounting intern for Finn Corporation has located a copy of a recent cost of quality…
Your Audit team is preparing to audit a new client in the electronic retail industry. The client imports items from manufacturers in several Asian countries and retails in a chain of shops located throughout the country. You and your team members have access to the client's following information. · Prior period financial reports · Anticipated results for the current year · Industry Averages Required: Explain how you would use the information to understand your new client.

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS