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Download Managerial Accounting: An Introduction to Concepts, Methods by Michael W. Maher, Clyde P. Stickney, Roman L. Weil PDF

By Michael W. Maher, Clyde P. Stickney, Roman L. Weil

You can now specialise in the ideas, tools, and makes use of of managerial accounting that may organize you to turn into an efficient supervisor in state-of-the-art enterprise global. This vintage MBA textual content balances managerial accounting assurance with a powerful emphasis on administration decision-making. You the way to really use the monetary info, instead of easily excellent your accounting thoughts. middle managerial accounting innovations mix with the most recent state of the art fabric that is vital to modern managers and choice makers. you can find an emphasis on foreign concerns inside contemporary globalized enterprise setting, the strategic results of choices, a spotlight on ethics that displays this sector of accelerating scrutiny, and emphasis on new administration accounting tendencies. a number of lifelike examples and alertness difficulties aid emphasize technique development and the mixing of monetary reporting concerns for administration decision-making. you furthermore mght discover ways to observe managerial accounting instruments to the rising provider area, executive, and nonprofit organisations for ongoing enterprise luck.

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Suppose that a patient visits a doctor’s office and that the doctor decides on the basis of the signs that the patient’s appendix should be removed immediately. Meanwhile, the doctor orders a white blood cell count. The doctor decides that the appendix must be removed no matter what the blood count happens to be. a. What is the value to the doctor of the information (in the cost-benefit sense discussed in this chapter) about the blood cell count? b. Why might the doctor order the test anyway? 35.

Do you agree with this statement? Why or why not? 16. Students planning a career in marketing ask why they should learn about accounting. How would you respond? 17. ’’ Using the concept of cost developed in this chapter, explain why this statement is ambiguous. 18. Give three examples of variable costs and three examples of fixed costs in a fast-food restaurant. 19. ‘‘Fixed costs are really variable. ’’ Is this statement correct? Why or why not? Questions, Exercises, Problems, and Cases EXERCISES Solutions to even-numbered exercises are at the end of the chapter.

00 Operating costs, excluding depreciation........................................................ 71 Less: Depreciation, computed as the change in economic value of the winery assets ....................................................................................... 43 Cost-of-capital, using a 10 percent rate (10 percent  $1,800,000)... 86 Economic loss from the winery ............................................................................. 00) Note that the cost-of-capital is computed using the average market value of assets—$1,800,000 [¼ ($1,845,000 þ $1,755,000)/2].

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