Answered: Controls that measure variables that…

Controls that measure variables that influence future profitability are called Select one: a. output controls. b. activity controls. c. behavior controls. d. steering controls.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 4TP: Which of the performance measuresâ€”ROI, RI, or EVAâ€”is best, and why? Explain your answer...

See similar textbooks

Related questions

Q: [The following information applies to the questions displayed below.] Mears and Company has been…

A: Operating Activities - Under this activity all the company operation-related activities like sales,…

Q: S.B. Industries began the year with 400,000 shares of $1 par common stock and retained earnings of…

A: A retained earnings account shows the accumulated profits earned by an organization during its…

Q: ces The Hub Store at a university in eastern Canada is considering purchasing a self-serve checkout…

A: 1.$8,615. 2 (a).The net present value (NPV) of the checkout machine, based on the provided data and…

Q: Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.4% x…

A: Projected benefit obligation is the future benefits' present value that is to be paid to the…

Q: Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan…

A: Treatment of business expenses:Business expenses are allowed as deduction from the taxable income.…

Q: MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost…

A: The budget is prepared to estimate the requirements for the period. The production budget is…

Q: In 2007, after the 20X6 annual financial statements had been issued, Marcella Stores Inc. discovered…

A: The objective of the question is to correct the transposition error made in recording the ending…

Q: 7) On June 1, 2019, Starbucks paid the rent of $66,000 for 40 of its stores in Washington and…

A: Adjusting entries are journal entries that are filed at the end of the accounting period to adjust…

Q: Which of the following does ratio analysis in an industry set-up help compare? (Note: More than one…

A: The objective of this question is to understand the various comparisons that can be made using ratio…

Q: Cash Flow from Operating Activities (Indirect Method) The Lincoln Company owns no plant assets and…

A: CASH FLOW STATEMENTCash flow statement provides additional information to user of financial…

Q: Required information [The following information applies to the questions displayed below] On…

A: The journal entries are prepared to record the transactions on a regular basis. The adjustment…

Q: As of December 31, 2023 the Vale Maritime Museum had unrestricted cash of $52,000, building and land…

A: A Statement of Activity, also known as a Statement of Revenues and Expenses or an Income Statement,…

Q: Tempo Company's fixed budget (based on sales of 16,000 units) folllows. Fixed Budget Sales (16,000…

A: The company prepares a budget for performance evaluation and a flexible budget is a kind of budget…

Q: Exercise 6-12 (Algo) Variable Costing Income Statement; Reconciliation [LO6-2, LO6-3] Whitman…

A: Direct Material cost per unit $12.00Direct Labor cost per unit $3.00Variable Factory Overhead cost…

Q: Sheridan manufactures unpainted furniture for the do-it-yourself market. It currently sells a table…

A: Contribution Margin:Contribution margin simply refers to the amount of sales revenue that is…

Q: 1. In parallel columns for the issuer and investor (as a long term investment) give all journal…

A: Bond:Bond is debt to company. Simply, it refers to money loan from investor to the borrower which…

Q: The information below pertains to Hood Company for 2026. Net income for the year $9,410,000 6%…

A: The income of a business divided by the total number of outstanding shares is known as basic…

Q: Kingbird Inc. manufactures two electronic products, widgets and gadgets, and has a capacity of 2.500…

A: CM stands for contribution margin which means per unit and it describes the incremental amount of…

Q: Mrs. Shine was registered in Jamaica as a sole trader in 2015. To grow her practice Mrs. Shine…

A: Mrs. Shine: Tax Payable of $1,822,524Mr. Rain: Tax Refundable of $86,976Explanation:1. Calculate the…

Q: Universal Leasing leases electronic equipment to a variety of businesses. The company's primary…

A: Sales-type lease: Sales type lease is a parallel type of direct financing whereby the owner…

Q: A company's total assets amount to $100,000 and its total liabilities are $40,000. What is the…

A: The objective of the question is to calculate the Stockholders' Equity of a company given its total…

Q: Calculate ending inventory and cost of goods sold at March 31, using the specific identification…

A: Inventory Valuation means calculating the value of stock at the end of an accounting period. The…

Q: The trend analysis report of Poplar, Inc. is given below (in millions): Net income Trend percentages…

A: Income statement is referred to as the financial statement which represents the financial…

Q: On March 10, 2027, Swifty Company sells equipment that it purchased for $197,760 on August 20, 2020.…

A: A tangible or physical asset's cost can be dispersed throughout its useful life using the accounting…

Q: A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires…

A: A cash budget is a budget that provides information about the company's projected cash inflows and…

Q: Mrs. Shine was registered in Jamaica as a sole trader in 2015. To grow her practice Mrs. Shine…

A: Dear student, find a detailed answer and step by step solution in the explanation part…

Q: am. 115.

A: The objective of this question is to calculate the profit recognized in Year 1 using the…

Q: Required Determine the amount of inventory lost by Quebec Traffic as a result of the fire. Quebec…

A: The gross profit method is used to determine the amount of inventory lost by fire. It is important…

Q: The standard cost of product 5252 includes 1.9 hours of direct labor at $11.20 per hour. T rate is…

A: In this question, we will calculate the different variances. Variances are used to calculate and…

Q: Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment…

A: To calculate the effect on Crain Company's total corporate-level taxes, we need to compare the tax…

Q: Derating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other…

A: An organization's accounting system uses a journal entry to document a financial transactions. It…

Q: MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost…

A: The budget is prepared to estimate the requirements for the period. The materials budget estimates…

Q: Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,000…

A: The factory overhead refers to the indirect cost which is incurred by the factory in order to…

Q: Anderson Corp. enters into a contract with a customer to build an apartment building for $995,600.…

A: A construction contract is a long-term contract because the construction work generally takes more…

Q: Based on the project data presented in the table, calculate for each of the projects the revenue…

A: To calculate the revenue recognized using different methods for each project, we'll first break down…

Q: Kimble, Sykes, and Gerard open an accounting practice on January 1, 2022, in Chicago, Illinois, to…

A: In accountancy, a partnership firm means a business set up together by two or more persons acting as…

Q: Required information [The following information applies to the questions displayed below.] This year…

A: Please see the working notes below and computation are provided.Explanation:a. (1) 90 percent of…

Q: Asplund Corporation has provided the following information: Direct materials Direct labor Variable…

A: Product cost are costs incurred in the manufacturing of product during the period. Example:- Direct…

Q: i need the answer quickly

A: Special ordersThe company receives special orders at a point in time when the company has to decide…

Q: 7-3A-Multi-product CVP Awesome Axes sells electric guitars. The company sells three models of…

A: The objective of the question is to calculate the expected profit, sales mix, break-even point,…

Q: Determine ending inventory using dollar-value LIFO. Assume that the December 2, 2025, purchase cost…

A: Inventory Valuation is a method of calculating the value of stock at the end of an accounting…

Q: [The following Information applies to the questions displayed below.] On August 1 of year 0, Dirksen…

A: Total Gain Recognized: $5,756Character of Recognized Gain: Ordinary GainExplanation:To calculate the…

Q: On January 1, a company issued 4%, 10-year bonds with a face amount of $75 million for $63,842,205…

A: The company issues bonds to raise debt and the capital structure changes. The company issues debt…

Q: Overhead information for Wilts Company is presented. . Actual fixed overhead, $13,110 Actual…

A: Variance analysis is a management tool used to evaluate and measure the difference between planned…

Q: Required information [The following information applies to the questions displayed below] Jorgansen…

A: To calculate each year's absorption costing net operating income, we need to reconcile the variable…

Q: Sheridan Publishing identified the following overhead activities, their respective costs, and their…

A: Overheads are the costs incurred in the production of products other than the material and labor…

Q: Part AMrs. Shine was registered in Jamaica as a sole trader in 2015. To grow her practice Mrs. Shine…

A: Let's go through each part : i. Compute the income tax payable/refundable for each partner for…

Q: December 10, 2024, at a cost of $21 per unit. Non of this inventory was so Ending inventory units…

A: Price indexA price index (PI) is a measure that states how the prices change over a period of time…

Q: Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for…

A: Pension charges are charges that businesses charge for pension amounts paid to employees during a…

Q: Assume that the cost formula for one of a company's variable expenses is $5.40 per unit. The…

A: A variance is the difference, for a given item or activity, between the actual cost incurred and the…

Question

Controls that measure variables that influence future profitability are called Select one:
a. output controls. b. activity controls. c. behavior controls. d. steering controls.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Answer and Explanation

VIEW

Step 3: Why other options are considered as incorrect?

VIEW

Solution

VIEW

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.