Problem 1MC: Components of the organization that are demotivating for purposes of performance management are... Problem 2MC: When managerial accountants design an evaluation system that is based on criteria for which a... Problem 3MC: Goal congruence in well-designed performance measurement systems best explains a congruence between... Problem 4MC: Responsibility accounting holds managers responsible for _______. A. all costs charged to their... Problem 5MC: Performance measures are only useful if _______. A. there are both controllable and uncontrollable... Problem 6MC: Which of the following is not a characteristic of a good performance measurement system? A. timely... Problem 7MC: A good performance measurement system will align the goals of management with_______. A. the goals... Problem 8MC: What should an organization do if performance measures change? A. Make sure that the manager being... Problem 9MC: A good performance measurement system will include which of the following? A. short-term goals B.... Problem 10MC: Without proper performance measures, goal congruence is almost impossible to achieve and will likely... Problem 11MC: Dixon Construction Materials has collected this information: Based on this Information, what is the... Problem 12MC: The cost of equity is _______. A. the interest associated with debt B. the rate of return required... Problem 13MC: Which of the following measures the profitability of a division relative to the size of its... Problem 14MC: The capital structure of Ridley Enterprises Is: Debt 40%, Equity 60%. The cost of debt is 13%, and... Problem 15MC: Calculate the ROI for Gardner Chemical given the following information: A. 25% B. 24% C. 60% D. 40% Problem 16MC: Which of the following statements is false? A. The four dimensions of performance that are... Problem 17MC: The metrics based on nonfinancial information are known as ______. A. quantitative factors B.... Problem 18MC: The metrics based on financial numbers produced by the accounting system are ________. A.... Problem 19MC: People affected by decisions made by a company, including Investors, creditors, employees, managers,... Problem 20MC: The owners of company stock are ______. A. quantitative factors B. qualitative factors C.... Problem 1Q: Why might a manager focused solely on accounting numbers miss opportunities for future benefits? Problem 2Q: Is there a way to prevent managers from focusing on accounting measures as performance measures? Problem 3Q: Should an organization focus on controllable or uncontrollable factors to effectively implement a... Problem 4Q: What are the components of a strategic plan? Find one of these components for the company you work... Problem 5Q: What are the four types of centers and their corresponding responsibilities? Problem 6Q: What would be wrong with using two points of data in a performance measurement system to tell a... Problem 7Q: Compare and contrast short- and long-term goals for a company. Give an example of each, and explain... Problem 8Q: Can a short-term goal also be a long-term goal? Where is the division, and why is it important for... Problem 9Q: What does goal congruence mean? Provide an example with your explanation. Problem 10Q: What are the six characteristics of a good performance measurement system? Problem 11Q: What is EVA and why is it superior to other performance measures? Problem 12Q: What are the drawbacks to ROI? Give examples of each. Problem 13Q: Describe the history and purpose of the balanced scorecard. Problem 14Q: What are the characteristics of successful balanced scorecards? Problem 1EA: For the following situations, identify whether the description is probably a centralized or... Problem 2EA: For the following descriptions state whether the cost is controllable or uncontrollable by... Problem 3EA: Identify the type of responsibility center (revenue center, cost center, profit center, or... Problem 4EA: Sara has just taken a job as the middle school assistant principal for an area school district.... Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of... Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of... Problem 7EA: Assume Skyler Industries has debt of $4,500,000 with a cost of capital of 7.5% and equity of... Problem 8EA: Why do managers want a high ROI, and how would they strive to increase their ROI? Problem 9EA: Classify each of the following performance measures into the balanced scorecard perspective to which... Problem 1EB: For the following situations identify whether the description is a centralized or decentralized... Problem 2EB: For the following descriptions, state whether the cost is controllable or uncontrollable by... Problem 3EB: Identify the type of responsibility center (revenue center, cost center, profit center, or... Problem 4EB: Padma completed her doctoral degree and has taken a position as an assistant professor at a local... Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of... Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of... Problem 7EB: Assume Plainfield Manufacturing has debt of $6,500,000 with a cost of capital of 9.5% and equity of... Problem 8EB: Though a high ROI is desired, what are some reasons that might lead to a low or decreased ROI? Problem 9EB: Classify each of the following performance measures into the balanced scorecard perspective to which... Problem 1PA: Match each of the following with its appropriate term. Problem 2PA: Florentino Allers is the production manager of Electronics Manufacturer. Due to limited capacity,... Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net... Problem 4PA: Jefferson Memorial Hospital is an investment center as a division of Hospitals United. During the... Problem 5PA: Crawfords Books and Things has a traditional bookstore housed downtown Charlotte. The store has been... Problem 6PA: Coral Creations has strategic plans that call for rapid growth, a limited number of units for each... Problem 1PB: Match each of the following with its appropriate term: Problem 2PB: Oleg Markov is the production manager of NASA Solvents. Due to limited capacity, the company can... Problem 3PB: Evaluate the two departments for Moxie Products. Compare the years performance of the two... Problem 4PB: Banyan Industries has two divisions, a tax rate of 30%, and a minimum rate of return of 20%.... Problem 5PB: Forty years ago, Vinfen was founded as a nonprofit company by psychiatrists and social workers at... Problem 1TP: What combination of quantitative factors and qualitative factors would you like your potential... Problem 2TP: Josh OShea is the manager of the Cardiovascular/Respiratory Laboratory. This department is... Problem 3TP: Kanye Achebe just became the operations manager of Weston Transportation. Weston transports large... Problem 4TP: Which of the performance measures—ROI, RI, or EVA—is best, and why? Explain your answer... format_list_bulleted
Principles of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax College