Would it be ethical for Aaron to attend the meeting and share the relevant cost data? Explain your answer
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Aaron McKinney is a cost accountant for Majik Systems Inc. Martin Dodd, Vice President of Marketing, has asked Aaron to meet with representatives of Majik Systems’ major competitor to discuss product cost data. Martin indicates that the sharing of these data will enable Majik Sys-tems to determine a fair and equitable price for its products.
Would it be ethical for Aaron to attend the meeting and share the relevant cost data? Explain your answer.
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- A company uses the systems development life cycle to develop the capability to analyze what type of pastries sell best with different beverages honey Bun Limited and other food manufacturers have been using GAAP in preparing their financial statements. Recently, the JSE mandated that all companies should implement the IFRS system in addition to GAAP. Because Honey Bun Limited current system cannot handle the IFRS requirements, the financial reporting system must be modified. Some members of the project management team of Honey Bun Limited believe that there needs to be a change of scope for the implementation of the IFRS phase, when should the project manager and project sponsor approve scope changes? When should they deny scope changes?Among the best things to do to maintain firm value is to: a. Improve sales at all costs b. Spend as much as possible on public relations and marketing C. Economize on employee training programs d. In so far as possible, make costs reactive to sales e. Wait until the last moment to pay billsThe manager of High Times Restaurant wants to determine the price to charge for various lunch plates. Discuss what managerial accounting information the marginal accountant should provide and how the information would be useful
- Clipboard S Voice Sensitivity Editor systems are designed to provide information to decision makers in the organization with the information they need to accomplish this goal. Therefore, the designers of the cost accounting need to understand how value is created in the organization to design systems for their organiz d-None of these is true. Styles 2-Who are the consumers of cost accounting? a-The customers of cost accounting are managers, from plant managers to the CEO. b-The customers of cost accounting are the employees. c-The customers of cost accounting are consumer groups. d-None of these. 3-The four questions of the critical thinking framework are: 1) What are the relevant question decisions do I need to make)? 2) What are the data relevant to the analysis and where do I fi What are the appropriate tools for analyzing data?, and 4) How can I effectively and persuas communicate the results of my analysis?Danielle Hastings was recently hired as a cost analyst by CareNet Medical Supplies Inc. One of Danielle's first assignments was to perform a net present value analysis for a new warehouse. Danielle performed the analysis and calculated a present value index of 0.75. The plant manager, Jerrod Moore, is intent on purchasing the warehouse because he believes that more storage space is needed. Jerrod asks Danielle to come to his office, where the following conversation takes place: Jerrod: Danielle, you're new here, aren't you? Danielle: Yes, I am. Jerrod: Well, Danielle, I'm not at all pleased with the capital investment analysis that you performed on this new warehouse. I need that warehouse for my production. If I don't get it, where am I going to place our output? Danielle: Well, we need to get product into our customers' hands. Jerrod: I agree, and we need a warehouse to do that. Danielle: My analysis does not support constructing a new warehouse. The numbers…Pine Belt Billboards seeks to design a variable-pay plan that encourages teamwork and business knowledge of its employees. To ensure maximum motivation, Pine Belt wants its variable-pay plan to show a clear performance-reward link. Which of the following plans is most suitable for Pine Belt? Pine Belt Billboards seeks to design a variable-pay plan that encourages teamwork and business knowledge of its employees. To ensure maximum motivation, Pine Belt wants its variable-pay plan to show a clear performance-reward link. Which of the following plans is most suitable for Pine Belt? Stock ownership plan Stock options plan Cash profit sharing plan Gain-sharing plan
- Review the scripture below. Does God's word here have relevance to the concepts being studied in Managerial Accounting, or do spiritual and business concepts just not mix? Please share your ideas and give examples. Feel free to cite other sources. Luke 14:28-30 in the Bible reads: “But don’t begin until you count the cost. For who would begin construction of a building without first calculating the cost to see if there is enough money to finish it? Otherwise, you might complete only the foundation before running out of money, and then everyone would laugh at you. They would say, ‘There’s the person who started that building and couldn’t afford to finish it!’" Explain the meaning of (a) differential revenue, (b) differential cost, and (c) differential income. A company is offered incremental business at a special price that exceeds the variable cost. What other issues must the company consider in deciding whether to accept the business? Although the cost-plus approach to product…Danielle Hastings was recently hired as a cost analyst by CareNet Medical Supplies Inc. One of Danielle’s first assignments was to perform a net present value analysis for a new warehouse. Danielle performed the analysis and calculated a present value index of 0.75. The plant manager, Jerrod Moore, is very intent on purchasing the warehouse because be believes that more storage space is needed. Jerrod asks Danielle into his office and the following conversation takes place: Jerrod: Danielle, you’re new here, aren’t you? Danielle: Yes, I am. Jerrod: Well, Danielle, I’m not at all pleased with capital investment analysis that you performed on this new warehouse. I need that warehouse for my production. If I don’t get it, where am I going to place out output? Danielle: Well, we need to get product into our customer’s hands. Jerrod: I agree, and we need a warehouse to do that. Danielle: My analysis does not support constructing a new warehouse. The numbers don’t lie; the warehouse does not…You are a newly hired accountant for Sushi Beeber, Inc., a retail company specializing in apparel for small pets. The company would like to expand its apparel line to include sweaters for cats. Sushi Beeber has found several manufacturers that offer competitive prices to ensure cost of goods sold is low. Because the company receives merchandise from different manufacturers and the cat sweaters will be commoditized, the company needs to develop an internal accounting system to keep track of inventory cost. You think that the weighted average cost method may help the company stay up-to-date with the inventory cost as purchase cost changes over time. Your task is to create a spreadsheet that can calculate the inventory cost based on purchases and sales for the month. See attached spreadsheet. nventory Weighted Date Purchase/Sale Total Cost Average Cost 1-Oct Purchase 1-Oct Sale 3-Oct Purchase 4-Oct Sale 4-Oct Sale 4-Oct Purchase 7-Oct Sale…
- In the Stanford Journal of law, Business,& Finance explain how environmental, sustainability, and governance considerations are important in compensation for hiring a new CEO? how could we label them using this chart? What other action should we take to implement this plan of action from the chart? Metric Name Description Goals MeasurementYou just gave an in-depth presentation on the company's new marketing programs intended for the specialists in the marketing department. The market manager then asked you to give a shorter version of the presentation to the company's top executives. In general, how should you modify the scope of your presentation for this audience.
