Which of the following are ways to reduce to the need for cash? reduce profit and overhead Use more subcontractors rather than in-house labor collect payment from the owner at faster intervals slow the project progress down bill the owner more often
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- Faced with a long-run make-or-buy decision, the manager should do all of the following except: a. consider differences in the required capital investment and the timing of cash flows b. compare the cost of making the parts with the cost of buying them c. consider the quantity and quality of the parts as well as the technical know-how required d. use a cost study with only the differential costs and with no allocation of existing fixed overhead or profitThe contribution income statement would require a firm to: Restructure its accounting system to accommodate activity-based costing. Separate costs into fixed and variable categories. Separate revenue into different categories. Round off amounts to the nearest dollar. Ignore some estimated fixed expenses, such as depreciation, that don't involve a cash outlay.Firms may incur higherfixed-costs, by investing in capital assets in order to reduce: Multiple Choice equipment costs. plant size. cash payment. variable costs.
- Which analysis involves a comparison of the cost of operating additional robotic tailors with additional revenues generated by increased product sales?It is good to compute first the additional benefits that a project can give and the additional cost incurred by implementing a project. This concept talks about a. Law of Supply and Demand b. Marginal Cost Benefit Analysis c. Time Value of Money d. Financial RatiosWhich of the following would reduce net profit margin but have no effect on gross profit margin?a) Reducing the commission rate paid to salesmen.b) Negotiating a lower purchase price for raw materials.c) An increase in IT support costs for the accounting package used.d) Increasing the expected economic lives of machinery used in the production function.
- A decrease in the sales of a current project because of the launching of a new project is A. irrelevant to the investment decision. B. an overhead expense. C. a sunk cost. OD. cannibalization.Why would staff costs increase with increase in revenue?In terms of managing working capital, management’s goal should be to: a. Increase the working capital cycle by as much as possible without affecting the efficiency of operations. b. None of the available options adequately describes management’s goal in terms of working capital management. c. Improve the return on assets by increasing the investment in working capital and related financing cost. d. Shorten the working capital cycle by as much as possible at all costs. e. Shorten the working capital cycle by as much as possible without affecting the efficiency of operations.
- How much leverage do you have in convincing the supplier to reduce costs when the supplier already knows they are guaranteed the business, and they have already sunk money into a fixed design and tooling for the product?As a manager, you have to choose between two options for new production equipment. Machine A will increase fixed costs by a substantial margin but will produce greater sales volume at the current price. Machine B will only slightly increase fixed costs but will produce considerable savings on variable cost per unit. No additional sales are anticipated if Machine B is selected. What are the relative merits of both machines, and how could you go about analyzing which machine is the better investment for the company in terms of both net operating income and break-even?Managers have some flexibility in setting the estimated useful lives of depreciable assets. Explain how this could allow managers to manipulate earnings. Would depreciation be considered a variable cost or a fixed cost? Explain how a change in sales price, variable cost, or fixed cost affects breakeven in units and breakeven in sales.