Principles of Managerial Accounting
1.) Managers are responsible for numerous activities including planning, operating, and controlling. Define these three types of activities and provide at least one example of each.
2.) Grant Enterprises is considering the introduction of a new product. The marketing and production departments have begun informal discussions about its design, production, and sales. List three examples of accounting information that the marketing and production managers would find useful in their meeting.
A friend has informed you of a part-time job for which you are well-qualified. It would begin next semester and require working 20 hours a week at a rate of $35 per hour. You would have to commute 2 hours round trip four days a week to work. You have already registered for 18 credit hours (6 classes) next semester, and you have been told that each of the classes is very demanding, requiring projects and extensive study time. If you complete these 18 hours, you will graduate. You are only taking 12 credit hours this semester. You have enough money for tuition ($100 per credit hour) and room and board but would love some extra spending money.
- Define your problem related to the information above.
- What information above would you consider relevant to the decision? Why?
- What information above would you consider not relevant to the decision? Why?
- What other factors not provided above might be relevant to the decision?
- What are some possible alternatives?
- Which alternative would you choose? Why?
You can earn a maximum of 75 points for the entire Complete section assignment in each of the five units. The Complete section is due each Sunday at midnight. Complete responses should meet or exceed the required word count if applicable. The minimum word count will need to exceed 150 words for each question unless otherwise stated. You must show your work if the question required a numerical answer.
make sure you use reference from this book.
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