devry acct 505 all week discussions

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Week 1 discussion

Cost Terms, Classifications, and Behavior (graded)

Welcome to our Week 1 Discussions! To get us started, let’s
consider the following questions.

1) Would a traditional income statement differ depending on whether the
business is a service organization, merchandiser, or manufacturer?

2) Could we use managerial accounting tools to assess the profitability
of an organization other than a manufacturing business, or are the topics that
we are learning only related to manufacturing?

3) If we could use these concepts in service and/or merchandising
businesses, how would we go about doing so?

Let’s
start with the first question.

Research and Application (graded)

Go to page 130, Case 3-30, Ethics and the Manager. Let’s
discuss the questions, make value-added comments, points, and share personal
experiences of unethical situations.

Week 2 discussion

Job Order and Process Costing Systems (graded)

Welcome
to our Week 2 Discussions! Let’s begin by discussing when job order
costing systems would be more appropriate than a process costing system.


Research and Application (graded)

Go to page 166 and read Case 4-19, Ethics and the Manager:
Understanding the Impact of Percentage Completion on Profit. Let’s address the
questions, provide reasons for our answers, share relevant personal
experiences, and provide value-added comments, articles, and related websites.
Let’s have a lot of interaction.

Week 3 discussion


Variable Costing and CVP concepts (graded)

Welcome to our Week 3 Discussions! To get us started,
let’s discuss how CVP analysis is used in managerial accounting
decision-making.
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Research and Application (graded)

Below is the link that will take you directly to the 2004
financial statements of the Benetton Group, followed by the discussion
questions.

.benettongroup.com/sites/all/temp/doc/2004_annual_report_en.pdf”>http://www.benettongroup.com/sites/all/temp/doc/2004_annual_report_en.pdf

Let’s answer these questions in the order that they appear.

1. How do the formats of the income statements shown on
pages 33 and 50 of Benetton’s annual report differ from one
another (disregard everything beneath the line titled “income from
operations”)? Which expenses shown on page 50 appear to have been reclassified
as variable selling costs on page 33?

2. Why do you think cost of sales is included in the computation of
contribution margin on page 33?

3. Perform two separate computations of Benetton’s break-even point in euros.
For the first computation, use data from 2003. For the second computation, use
data from 2004. Why do the numbers that you computed differ from one another?

4. What sales volume would have been necessary in 2004 for Benetton to attain a
target income from operations of €300 million?

5. Compute Benetton’s margin of safety using data from 2003 and 2004. Why do
your answers for the two years differ from one another?

6. What is Benetton’s degree of operating leverage in 2004? If Benetton’s sales
in 2004 had been 6% higher than what is shown in the annual report, what income
from operations would the company have earned? What percentage increase in
income from operations does this represent?

7. What income from operations would Benetton have earned in 2004 if it had
invested an additional €10 million in advertising and promotions and realized a
3% increase in sales? As an alternative, what income from operations would Benetton
have earned if it not only invested an additional ?10 million in advertising
and promotions but also raised its sales commission rate to 6% of sales,
thereby generating a 5% increase in sales? Which of these two scenarios would
have been preferable for Benetton?

8. Assume that total sales in 2004 remained unchanged at, €1,686 million (as
shown on pages 33 and 50); however, the Casual sector sales were, €1,504
million, the Sportswear and Equipment sector sales were €75 million, and the
Manufacturing and Other sector sales were €107 million. What income from
operations would Benetton have earned with this sales mix? (Hint: look at pages
36 and 37 of the annual report.) Why is the income from operations under this
scenario different from what is shown in the annual report?

Week 4 discussion


Budgeting Case Study (graded)

Let’s start the week by reviewing the following case. First,
let’s discuss how the budgeting process as employed by Springfield contributes
to the failure to achieve the president’s sales and profit targets..next.ecollege.com/ec/courses/57464/CRS-AC505-4704647/Documents/BudgetingCase_Study.docx”>Click
here to view the file


Exam Review (graded)

To begin, download the practice Midterm Exam from Doc Sharing
to access questions and topics for review. For multiple-choice questions,
please explain why the answer chosen is correct, and why the other choices
would not be correct. Please support your response. Let’s begin with the
questions on Page

Week 5 discussion

Standards, Variances, Flexible Budgets (graded)

To
begin, please read Case 10B-5 on page 471, Ethics and the Manager. How were the
standard costs developed? Are the standards set too high or too low? Please
elaborate.

Research and Application (graded)

Let’s look at Case 9-26, Ethics and the Manager, in Chapter
9, page 414, and address and discuss the question there.

Week 6 discussion

Segment Reporting and Relevant Costs (graded)

To begin, please read Case 12-32 on page 576. Which costs are
relevant in the decision to shut down the Ashton facility? Then, let’s answer
the questions at the end of the case. Also, value-added comments, points, and
experiences are welcome and encouraged.

Research and Application (graded)

To begin, please read Problem 11-22 on page 505 of the
e-book and let’s discuss the first question! Value-added comments, points, and
experiences are also welcomed and encouraged.

Week 7 discussion

Capital Budgeting (graded)

Welcome to Week 7 Discussions! Let’s begin by
discussing the difference between capital budgeting screening
decisions and capital budgeting preference decisions. Then, we will
entertain additional questions relating to important capital budgeting terms,
concepts, tools, methods, etc.

Value-added, comments, points, observations, and experiences are welcomed and
encouraged.

Exam Review (graded)

To
begin, download the Practice Final Exam from Doc Sharing to access questions
and topics for review. For multiple-choice questions, please explain why the
answer chosen is correct and why the other choices would not be correct. Please
support your response. Let’s begin with the questions on page 1.

This section lists options that can be used to view responses.

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