Management Of Working Capital Case Study George S Trains Describe His Working Ca

Management of Working Capital Case Study: “George’s Trains”

  • Describe his working capital practices, including his methods of capital budgeting analysis techniques.
  • Analyze the potential pitfalls in his capital budgeting practices that George should be aware of.
  • ·         Develop a simple statement of cash flows for George’s Trains using any information gleaned from the video. What areas of improvement do you recommend?

 
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Managerial Accountingread Chapter 1 What Is Managerial Accounting Will Describe

Managerial accounting

Read: 

Chapter 1, What is Managerial Accounting, will describe managerial accounting and will contrast it with other fields of accounting. The chapter will also review the basics of inventory accounting and the role of Cost of Goods Sold.

In Chapter 2, How is Job Costing Used to Track Production Costs, we begin our learning journey through managerial accounting with a costing model called Job Order Costing. This will be one of a number of ways of how business leaders assign costs to specific business products or ventures. 

Part 1

Explain how direct materials and direct labor costs are attributed to specifically produced goods or projects (jobs) using Job Order Costing. Please provide at least one example.

You are encouraged to research outside sources and, of course, cite them. Do not, however, quote sources word-for-word. Minimum words is 250.

Part 2

Income Statement (with cost of goods sold adjustment). Required: Prepare an income statement for year ended December 31.Rambler Company had the following activity for the year ended December 31:

Sales revenue $2,050,000Selling expenses $ 575,000General and administrative expenses $ 330,000Cost of goods sold (before adjustment) $ 700,000Under-applied overhead $ 23,000

Part 3

For this week’s reflection, please write three complete and well composed paragraphs where you use, as an example, a company that operates in Grenada west indies and describe how the job order costing would help the business owners managed their business.

 
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Management Of The University Art Museum Cecila K Johnson University Of Maryland

I have a 8-10 page (APA style)paper due by Saturday midnight EST. Attached is what i researched, thus far. I need it rewritten to meet the below requirements. I am willing to pay, but must meet the deadline! Please see below for topic:Design a mission/vision statement and management structure for the museum. In regard to the mission/vision statement, there are many different opinions among the faculty as to what the museum should be or should do. How do you accommodate those conflicting expectations in a mission/vision statement? Identify those expectations and justify your decisions to include or exclude them from the mission/vision statement. There are also differing organizational cultures at play in this case: the faculty senate, the Art History Department, the graduate students in art history, the undergraduate students who also benefit from the museum’s offerings, etc. Recommend a management structure for the museum that would address the need to accommodate widely varying expectations (you don’t need to allow for each group’s expectations, just the fact that there is more than one organizational culture involved.

 
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Managerial Accounting Streuling Enterprises At March 31 Streuling Enterprises A

Managerial Accounting: Streuling EnterprisesAt March 31 Streuling Enterprises, a merchandising firm, had an inventory of 38,000 units, and it had accounts receivable totaling $85,000. Sales, in units, have been budgeted as follows for the next four months:April 60,000May 75,000June 90,000July 81,000Streuling’s board of directors has established a policy to commence in April that the inventory at the end of each month should contain 40% of the units required for the following month’s budgeted sales.The selling price is $2 per unit. One-third of sales are paid for by customers in the month of the sale, the balance is collected in the following month.Required:a. Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June.b. Prepare a schedule of expected cash collections for each of the months April, May, and June.

 
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Management Of Employee Attitudewrite A 4 5 Page Paper On Exploring The Benefits

Management of Employee Attitude

Write a 4-5 page paper on exploring the benefits of management and employee attitudes, specifically the manager’s influence toward professional training and development within organizations. How can organizations recruit and retain qualified employees?

Paper must include a cover page, abstract and 3-4 reference. A minimum of 3 references is required for this assignment. Do not use Wikipedia

  • All sources used must be cited both within the text and in a references section at the end of the lecture (use APA conventions for citing)
  • No more than 20% of the entire piece can be in quotation
  • Must be proofread and edited for errors
 
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Managerial Accounting Must Always Follow Generally Accepted Accounting

Managerial accounting:

must always follow generally accepted accounting

principles;

emphasizes objectivity and verifiability.

is primarily concerned with providing information to external users;

provides information to help managers make decisions in the future;

 
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Managerial Accounting Spring 2019 Lab 2 Chapter 3 Excel Computer Problem The

Hello

I need help with figuring out what exactly goes in the Manufacturing overhead part.

The 8 things that goes in the “Title” area.

I figured out 7 out of 8. I am not sure what’s the last thing that goes there.

  • Attachment 1
  • Attachment 2

Managerial Accounting – Spring 2019 – Lab 2 , chapter 3Excel Computer Problem*The following data refer to Miller Widget Company for the year 20 x1 .Work – in – process inventory , 12/31 / x0 ….$ 10, 100Work – in – process inventory , 12/31 / x ] ……10,000Finished – goods inventory , 12/31 / x0 ……Raw – material inventory , 12/31 / 40 …..10, 1010Raw – material inventory , 12/31 /’x ] . ……………. .. "1 1, 000Finished – goods inventory , 12 / 31 / x1 ….15, 400Purchases of raw material in 20 x1 .35, 000Indirect material used …..Indirect- labor cost incurred ..24, 000Direct- labor cost incurred ….19, 000Selling and administrative Salaries ………13, BOOInsurance on factory and Equipment ………… … . . . . .3. 600Depreciation on factory Equipment ..2, 100Property taxes on factory ..`3, 400Utilities for factory …..5,000" " "Utilities for sales and administrative offices …..2.5010Other selling and administrative expenses ….4,000Depreciation on factory building ……3, 800Depreciation on cars used by sales personnel ……….2, 200Rental For warehouse space to store raw material ………3, 100Rental of space for company president’s office . … …. ….1 , 500Applied manufacturing overhead ..58, 000Sales revenue .`205, 800Income tax expense .5, 100Hequired :1 . Prepare the Company’s schedule of cost of goods manufactured for 20×1 . Note : Input appliedoverhead before calculating over or under – applied overhead .2. Prepare the company’s schedule of cost of goods sold for 20×1 . The company closes overapplied orunderapplied overhead into Cost of Goods Sold .3. Prepare the company’s income statement for 20*’1

 
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Manager S Ethical Dilemma You Are The Manager Of A Factory Of The Make It Compan

Manager’s Ethical Dilemma

You are the manager of a factory of the Make-It Company. You have 5,000 parts that must be shipped by Friday at 5:00 p.m. Things have been on schedule, but you have just been alerted that 2,000 of the parts already produced are faulty. This means, even with overtime, you won’t meet your goal. 

If you do not ship these parts by the deadline, your company will lose this major client, and this will most certainly result in layoffs at your plant. 

What do you do? Fully explain the rationale for your decision.

 
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Manager S Decision Support Tools Main Discussion And 2 Reply Posts

DO MY DISCUSSION AND RESPOND TO MARVIS AND CYNTHIAS DISCUSSIONS POSTS NO SPECIFIC WORD COUNT.

Read the journal article, “Executive Information Systems: Their impact on Executive Decision Making”. Based on the information presented in the article, discuss the following:

  • The tools executive managers use when making major decisions
  • The relationship between the tools the executive managers’ use and the managers’ tasks
  • The reasons for using the support tools

Guided Response: Respond to at least two of your classmates’ posts. Analyze their discussions by agreeing, disagreeing, or adding other ideas to strengthen or enhance the perspective presented in their initial posts.

REPLY TO MARVIS:

Marvis Nicholson

Wednesday Aug 30 at 4:16am

Manager’s Decision Support Tools

This week’s article was quite interesting. The key factor was to develop an understanding of Executive Information Systems. According to the article, executive information system is a computer based to that is supposed to assist management in the management activities and decision making process.

EIS executive managers use when making major decisions – According to the article, these can vary in sophistication. However, the basic result is the same which is assisting in the decision making process. This tool has a focus on the daily operations of the organization as well as information on competitors. The old approach was more required computer base interface which allowed for users to burrow down into the data. The EIS tool if focused on decision making and problem solving. It allows executive management to analyze and locate trends and locate key variables.

Relationship between the tools the executive managers’ use and the managers’ tasks

The tool allows upper-level executives to create more informed planning to provide to management under them to be more successful.  The variables and data allow from more informed planning and strategies to reach organizational goals by lower levels of management.  The process allows for information to be retrieved more times and distributed to lower level management.  The information that is provided to the manager’s has more clarity which assist in the level of success achieved.  The process allows the managers to process and provide information that can be easily tracked by executive management as well

The reasons for using the support tools

The main reasons for utilizing EIS tools are due to the increase in competitiveness at the economic level. These tools are very instrumental in the  acceleration of decision making

process when situations arise. The fact that so much information is available is beneficial because it assist  the decision makers in the organization within the company to stay on track and focused.  The tool is also instrumental because the information is retrieved from various departments which allows management to be able to  identify the root  of issues and take actions  to correct the errors encountered.

REPLY TO CYNTHIA:

Cynthia Culbertson

Saturday Sep 2 at 11:46am

The reading of “Executive Information Systems: Their Impact on Executive Decision Making”, I found that there were two tools use the “EIS and the DSS”. The decision making process is one of the most vital roles of an executive. The use of dependable information sources is the key component of administrative decision-making. References of information can be oral, written, or computer-based. The computer-based knowledge are found to be the least studied in the context of executive decision making since executives tend to use other managers and their own premonition. as their primary information informant. Although, the emergence of the computer-based that are right for the use by decision-makers enables an examination of how the executive use this type of information system affects the executives’ “decision-making process. Systems hereafter, mention to as executive information systems (EIS) are computer-based information systems that are designed to allow a senior leader access to information relevant to his or her management ventures. The new era of philosophy of how technology (computers) could be helpful to managerial decision-making surfaced under the name “DSS” in 1970. On today, the DSS have become securely established in the mainstream of IS operation and application. We find on today that decisions are made throughout the countries and the results are to find a communication that works effective, fast, and efficiently. 

In context with the article rapid decision-making has become more important as competitive situations. (Eisenhardt) learned that the most successful firms of those studied made strategic decisions rapidly. She recognized that confidence and anxiety plays as the key components in the speed process. (El Sawy) suggests that ” to go complete effectively in today’s’ competitive world: time-compressed information exhaustive environment, fast-comeback is becoming a critical strategic potential.  

Eisenhardt, K.M. Making fast strategies decisions in high-velocity environments, Academy of Management Journal, 32, 3, (1989), 543-576

El Sawy, O, IT for executives and managers; from symphony orchestras to jazz ensembles. DSS-91 Transactions (1991), 1-3 

 
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Manager In The International Economy 1 Many Multinationals Do Not Own The Means

Manager in the International Economy

1.    Many multinationals do not own the means of production of their goods. Fashion companies like H&M relies on thousands of suppliers and technology companies like Apple depend on multiple third-party contractors to produce components or assemble whole products. 

  1. How can these companies insure quality? How do they ensure safe and just working conditions? How do they provide positive or at least neutral environmental impact?
  2. Milton Freidman the famous economist once said, “The social responsibility of business is to increase profits.” https://hbr.org/2012/04/you-might-disagree-with-milton

Do corporations have a right or a responsibility develop corporate social responsibility programs? How about to make charitable donations? How about to political contributions?  

 
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