Financial performance evaluation of Pink Ltd Sales revenue: Role of accounting information in managerial decision making and its limitations:
2.0 Role of accounting information in managerial decision making and itslimitations:
The accounting information comprises of diversified segments of the financial transactions as conducted by the concerned organisation. Therefore, prompt delivery of suitable and necessary accounting information could be beneficial for the organisation to conduct effective financial management practices. In addition,Cotter et al. (2009) segregated the accounting information into the income statement, balance sheet and cash flow statement that enables the organisation to judge different spheres of the organisation. Managers of an organisation have benefited from the different accounting information while tending to make decision regarding the organisation.

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2.A plastic injection molding plant will be built to produce 6 million molded parts per year. The plant will run three 8 hour shifts per day, five days per week, 50 weeks per year. For planning purposes, the average order size = 5,000 moldings, average changeover time between orders = 6 hrs, and average molding cycle time per part = 30 sec. Assume scrap rate = 2 percent, and average uptime proportion (reliability) per molding machine = 97 %, which applies to both run time and changeover time. How many molding machines are required in the new plant?

 

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2. A monopolist has a cost function given by TC 250+q+.004q2. The inverse market demand for boxes is given by p-8-.0010. The monopolist is currently able to exclude rivals from the market because of a special governmental zoning rule. (a) What is its output and what price does it charge for boxes? (b) Calculate the firm’s profit at this output level. (c) Calculate the firm’s producer’s surplus at this output level (d) Calculate the consumer’s surplus in this situation

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2. (a) Explain the terms risk averse, risk loving and risk neutral with the aid of diagrams. Jane’s utility (U) depends upon her income( Y) according to the following table U(Y) 50 7 100 9.5 150 200?? 14 250 300 350 12 16.5 17 19 She has received a prize with an uncertain value. In particular, with probability 0.25 she wins $300 and with probability 0.75 she wins $100. (b) What is the expected payoff from this prize? What is the expected utility from the prize? Is Jane risk averse, risk neutral or risk loving? Explain. (c) Using the information above, find the certainty equivalent income and the risk premium for this problem.

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2. ER diagram is based on the business rules, and should clearly label all entities, entity attributes, primary and foreign keys, relationship and connectivity. The cardinality is optional.Instruction: Use professional software (e.g., MS Office Visio) to draw the ER diagram. Crow’s Foot notation is preferable.(40 marks)3. Develop relational schemas. Relational schemas should be derived using the ERD. You should map cardinalities correctly from ERD to Relational Schema. You should clearly indicate the referential integrity constraints (primary and foreign key relationships) using arrows. Clearly indicate datatype for each attribute.e.g.Emp( eid: integer, ename: string(50), address: string(100), did: number)Dept(did: number, dname : string (15)) 4. SQL commands1. Create all tables in Deakin Oracle DBMS (about eight tables including compositetables) and Populate the tables with sample data (10 records in each table isrecommended).2. Alter the student table and add new field Date of Birth for student table. Type fordate of birth should be date.3. Increase the annual salary for all staff member by 5%.4. List the course numbers, course names a student who is doing computer sciencemajor could enrol for.5. Find the students with age between 18 and 21. Print their student number, nameand the age with the major.6. Create your own query. It must include a nested query. Submit the following:i question your query is answering the SQL queryii the mark for this question will depend on the complexity of the query.iii higher marks will be given for queries that are more complex and/or innovative.(15 marks)iv if you do not provide a description of what question the query is answering, you will get zero for this query.

 

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