EBK MANAGERIAL ACCOUNTING: THE CORNERST
7th Edition
ISBN: 9781337516150
Author: Heitger
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 1, Problem 15E
Ethical Behavior
Consider the following scenario between Dave, a printer, and Steve, an assistant in the local university’s athletic department.
Steve: Dave, our department needs to have 10,000 posters printed for the basketball team for next year. Here’s the mock-up, and we’ll need them in a month. How much will you charge?
Dave: Well, given the costs I have for ink and paper, 1 can come in at around $5,000.
Steve: Great, here’s what I want you to do. Print me up an invoice for $7,500. Hut’s our budget.
Then, when they pay you, you give me a check for $2,500. I’ll make sure that you get the job.
Required:
CONCEPTUAL CONNECTION Is Steve’s proposal ethical? What should Dave do?
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Consider the following scenario between Dave, a printer, and Steve, an assistant in the localuniversity’s athletic department.Steve: Dave, our department needs to have 10,000 posters printed for the basketball team fornext year. Here’s the mock-up, and we’ll need them in a month. How much will you charge?Dave: Well, given the costs I have for ink and paper, I can come in at around $5,000.Steve: Great, here’s what I want you to do. Print me up an invoice for $7,500. That’s our budget.Then, when they pay you, you give me a check for $2,500. I’ll make sure that you get the job.Required:CONCEPTUAL CONNECTION Is Steve’s proposal ethical? What should Dave do?
Given a project with the following characteristics, answer the following questions:
You are the project manager of a project to plant trees on the sidewalks of the local community.
Your project is scheduled to last for 6 months.
You are to plant (thirty) 30 trees each month.
Each tree is planned to cost R1 000.
It is now the last day of month 3.
You have planted 80 trees and your CPI is 1.11.
1. What is the actual cost of the project right now?
2. What is the current schedule performance index (SPI) of the project?
3. How is the project currently performing in terms of budget and schedule? Motivate your answer.
4. What is the percentage of the project that is currently complete. What should be reported?
You are the manager of a pharmaceutical company and are considering what type of laptop computers to buy for your salespeople to take with them on their calls.
¨• You can buy fairly inexpensive (and less powerful) older machines for about $2,000 each. These machines will be obsolete in three years and are expected to have an annual maintenance cost of $150.
¨• You can buy newer and more powerful laptops for about $4,000 each. These machines will last five years and are expected to have an annual maintenance cost of $50.
¨If your cost of capital is 12%, which option would you pick and why?
Chapter 1 Solutions
EBK MANAGERIAL ACCOUNTING: THE CORNERST
Ch. 1 - Prob. 1DQCh. 1 - What are the three broad objectives of managerial...Ch. 1 - Prob. 3DQCh. 1 - Should a managerial accounting system provide both...Ch. 1 - What is meant by controlling?Ch. 1 - Describe the connection between planning,...Ch. 1 - Prob. 7DQCh. 1 - Explain the role of financial reporting in the...Ch. 1 - Explain the meaning of customer value. How is...Ch. 1 - Prob. 10DQ
Ch. 1 - Explain why todays managerial accountant must have...Ch. 1 - Briefly explain the practice of enterprise risk...Ch. 1 - Prob. 13DQCh. 1 - The controller should be a member of the top...Ch. 1 - What is ethical behavior? Is it possible to teach...Ch. 1 - Prob. 16DQCh. 1 - Prob. 17DQCh. 1 - The provision of accounting information for...Ch. 1 - The use and importance of managerial accounting is...Ch. 1 - Setting objectives and identifying methods to...Ch. 1 - The process of choosing among competing...Ch. 1 - Prob. 5MCQCh. 1 - An effective managerial accounting system should...Ch. 1 - Prob. 7MCQCh. 1 - Prob. 8MCQCh. 1 - Prob. 9MCQCh. 1 - Prob. 10MCQCh. 1 - The Managerial Process Each of the following...Ch. 1 - Differences between Managerial Accounting and...Ch. 1 - Customer Value, Strategic Positioning Adriana...Ch. 1 - The following describes the job responsibilities...Ch. 1 - Ethical Behavior Consider the following scenario...Ch. 1 - Manager: If I can reduce my costs by 40,000 during...Ch. 1 - Ethical Issues The following statements have...Ch. 1 - Prob. 18ECh. 1 - Prob. 19E
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