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TEST BANK For Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapter's 1 - 17 | Complete $16.49   Add to cart
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TEST BANK For Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapter's 1 - 17 | Complete
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TEST BANK For Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapter's 1 - 17 | Complete Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business Environment Chapter 2: Basic Cost Management Concepts Chapter 3: Product C...

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  • October 18, 2024
  • 1251
  • 2024/2025
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Solutions Manual
Managerial Accounting: Creating Value in a Dynamic
Business Environment, 13th Edition by Hilton
Chapters 1 - 17 Complete

,TABLE OF CONTENTSc c




Chapterc1:cThecChangingcRolecofcManagerialcAccountingcincacDynamiccBusinesscEnv

ironmentcChapterc2:cBasiccCostcManagementcConcepts

Chapterc3:cProductcCostingcandcCostcAccumulationcincacBatchcProductioncEnvironm

entcChapterc4:cProcesscCostingcandcHybridcProduct-CostingcSystems

Chapterc5:cActivity-BasedcCostingcandcManagement

Chapterc6:cActivitycAnalysis,cCostcBehavior,candcCostcEsti

mationcChapterc7:cCost-Volume-ProfitcAnalysis

Chapterc8:cVariablecCostingcandcthecMeasurementcofcESGcandcQualitycCo

stscChapterc9:cFinancialcPlanningcandcAnalysis:cThecMastercBudget

Chapterc10:cStandardcCostingcandcAnalysiscofcDirectcCosts

Chapterc11:cFlexiblecBudgetingcandcthecManagementcofcOverheadcandcSupportcActivi

tycCostscChapterc12:cResponsibilitycAccountingcandcthecBalancedcScorecard

Chapterc13:cInvestmentcCenterscandcTransfercPricingc

Chapterc14:cDecisioncMaking:cRelevantcCostscandcBen

efits

Chapterc15:cTargetcCostingcandcCostcAnalysiscforcPricingcDe

cisionscChapterc16:cCapitalcExpenditurecDecisions

Chapterc17:cAllocationcofcSupportcActivitycCostscandcJointcCosts




AppendixcI:cThecSarbanes-

OxleycAct,cInternalcControls,candcManagementcAccountingcAppendixcII:cCompoundcI

nterestcandcthecConceptcofcPresentcValue

AppendixcIII:cInventorycManagement

,CHAPTER 1 c


The Crucial Role of Managerial Accounting in
c c c c c c c


a Dynamic Business Environment
c c c




FOCUScONcETHICSc(LocatedcbeforecthecChaptercSummarycincthectext.)
Thecfocus-on-
ethicscinsetcforcChapterc1ciscthecIMAcStatementcofcEthicalcProfessionalcPractice.cInstructorscc
ancusecthisclistcofcethicalc principlesc andcstandardsctocleadcacclasscdiscussion.cThecdiscu
ssionccancalsocrangectocconsiderationcofchowcthesecstandardscmaychavecbeencviolate
dcbycaccountantscandcmanagerscinvolvedcincthecvariousc ethicalcscandalscuncoveredcover
cthec pastcseveralc years.c Itc iscalsocusefulctocdiscusscthec prosc andcconsc ofcthec procedurescth

atcIMAcsuggestscforcitscmemberscwhenctheycbelievectheycknowcaboutcethicalclapsescincthe
ircorganizations.

ANSWERScTOcREVIEWcQUESTIONS
1-1 Thecexplosionc inc e-
commercec willc affectc managerscinc significantc ways.c Onec effectc willcbecacdrasticcred
uctioncincpaperc work.c Millionscofc transactionscbetweenc businessesc arecnowcbeingcc
onductedcelectronicallycwithcnochard-
copycdocumentation.cAlongcwithcthiscmethodcofccommunicatingcforcbusinessctr
ansactionsccomescthecverycsignificantcissuecofcinformationcsecurity.cBusinessescn
eedctocfindcwaysctocprotectcconfidentialcinformationcinctheircownccomputers,cin
ccloudccomputing c datac centers,c andc whilec movingc acrossc thec internet,c whilec atc

thec samec timec sharingc thec informationc necessaryctoccompletectransactions.cAnothe
rceffectcofce-
commercecisc thec dramaticallyc increasedcspeedcwithcwhichcbusinessctransactionscc
ancbecconducted.cIncaddition,ctherecwillcbecdramaticcchangescincthecwaycmanageri
alcaccountingcprocedurescareccarriedcout,conecexamplecbeingccloud-
basedcbudgeting,cwhichciscthecenterprise-
widecandcelectronicccompletioncofcaccompany’scbudgetingcprocesscusingccloud-
basedcsoftwarecandcdatacstorage.

, 1-2 Plausiblec goalsc forc thec organizationsc listedc arec asc follows:
(a) Amazon.com:c(1)cTocachievecandcmaintaincprofitability,candc(2)ctocgrowco
n-
linecsalescofctheircmanycproducts.cAmazonciscalsocfamousc(infamous)cforcwant
ingctochaveceveryc productcincthec worldconcitsc site.
(b) AmericancRedcCross:c(1)cTocraisecfundscfromcthecgeneralcpubliccsufficientctoch
avecresourcescavailablectocmeetcanycdisastercthatcmaycoccur,candc(2)ctocpr
ovidecassistancectocpeoplecwhocarecvictimscofcacdisastercanywherecincthecworldconc
shortcnotice.
(c) GeneralcMotors:c(1)cTocearncincomecsufficientctocprovidecacgoodcreturnco
ncthecinvestmentcofctheccompany'scstockholders,candc(2)ctocprovidecthechighes
t-qualitycproductcpossible.
(d) Wal-
Mart:c(1)cTocpenetratecthecretailcmarketcinc virtuallyceveryclocationcincthecUnitedcSt
ates,candc(2)ctocgrowcoverctimecinctermsc ofcnumbercofcretailclocations,c totalc assets
,candc earnings.c Also,c toc beccompetitivec withc Amazoncincthec e-retailc space.
(e) CitycofcSeattle:c(1)cTocmaintaincancurbancenvironmentcascfreecofcpollution
casc possible,candc (2)ctoc providec publicc safety,c police,candcfirec protectionctoc thec

city'sccitizens.
(f) Hertz:c(1)cTocbecacrecognizablechouseholdcnamecassociatedcwithcrentalcca
rcservices,candc(2)ctocprovidecreliablecandceconomicalctransportationcservicesctocth
eccompany'sccustomers.
1-3 Thec fourc basicc managementc activitiesc arec listedc andc definedc asc follows:
(a) Decisionc making:c Choosingc amongc thec availablec alternatives.
(b) Planning:c Developingc ac detailedc financialc andc operationalc descript
ionc ofcanticipatedcoperations.
(c) Directingc operations:c Runningc thec organizationc onc ac day-to-dayc basis.
(d) Controlling:c Ensuringc thatc thec organizationc operatesc inc thec intendedc mann
erc andcachievescitscgoals.

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