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TEST BANK for Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapters 1 - 17 | Complete Newest Version $17.99   Add to cart

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TEST BANK for Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapters 1 - 17 | Complete Newest Version

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  • Managerial Accounting
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  • Managerial Accounting

TEST BANK for Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapters 1 - 17 | Complete Newest Version TEST BANK for Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapters 1 - 17...

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  • November 15, 2024
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  • Managerial Accounting
  • Managerial Accounting
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© ilMcGraw ilHill ilLLC. ilAll ilrights ilreserved. ilNo ilreproduction ilor ildistribution ilwithout ilthe ilprior ilwritten ilconsent ilof
ilMcGraw ilHill ilLLC.

,SOLUTION il MANUAL il FOR
Managerial ilAccounting ilCreating ilValue ilin ila ilDynamic
il Business ilEnvironment il13e ilHilton
Chapter il1-17 With ilAppendix il(I ilII ilIII)

CHAPTER il1

The ilCrucial ilRole ilof ilManagerial ilAccounting ilin ila ilDynamic ilBusiness
il Environment

FOCUS ilON ilETHICS il(Located ilbefore ilthe ilChapter ilSummary ilin ilthe iltext.)
The ilfocus-on-ethics ilinset ilfor ilChapter il1 ilis ilthe ilIMA ilStatement ilof ilEthical
ilProfessional ilPractice. i l Instructors ilcan iluse ilthis illist ilof ilethical ilprinciples iland
ilstandards ilto illead ila ilclass ildiscussion. i l The ildiscussion ilcan ilalso ilrange ilto
ilconsideration ilof ilhow ilthese ilstandards ilmay ilhave ilbeen ilviolated ilby ilaccountants iland
ilmanagers ilinvolved ilin ilthe ilvarious ilethical ilscandals iluncovered ilover ilthe ilpast ilseveral
ilyears. i l It ilis ilalso iluseful ilto ildiscuss ilthe ilpros iland ilcons ilof ilthe ilprocedures ilfor
il―Resolving ilEthical ilIssues‖ ilthat ilIMA ilsuggests ilfor ilits ilmembers ilwhen ilthey ilbelieve
ilthey ilknow ilabout ilethical illapses ilin iltheir ilorganizations.


We ilalso ilintroduce ilhere ilthe ilconnection ilto ilthe il―Ethics ilUnwrapped‖ ilvideo ilseries
ilthat ilcan ilsupplement ilthe ildiscussion ilof ilethics ilin ilthe ilcontext ilof ileach ilchapter. ilIn ileach
ilchapter ilof ilthe iltext, ilwe ilhave ilsuggested iltopic ilvideos ilin ilthe ilseries ilthat ilalign ilwith ilthat
ilchapter. ilDiscussion ilguidance iland ilquestions ilrelating ilto ilthe ilvideos ilcan ilbe ilfound ilon
ilthe il―Ethics ilUnwrapped‖ ilsite ilat ilthe ilURL ilprovided. ilThis ilresource ilis ilprovided ilby
ilpermission ilfrom ilthe ilUniversity ilof ilTexas ilat ilAustin, ilMcCombs ilSchool ilof ilBusiness.


ANSWERS ilTO ilREVIEW ilQUESTIONS
1-1 The ilexplosion ilin ile-commerce ilwill ilaffect ilmanagers ilin ilsignificant ilways. i l One ileffect
ilwill ilbe i l a ildrastic ilreduction ilin ilpaperwork. i l Millions ilof iltransactions ilbetween
ilbusinesses ilare ilconducted ilelectronically ilwith ilno ilhard-copy ildocumentation.
ilAlong ilwith ilthis ilmethod ilof ilcommunicating ilfor ilbusiness iltransactions ilcomes
ilthe ilvery ilsignificant ilissue ilof ilinformation ilsecurity. ilBusinesses ilneed ilto ilfind
ilways ilto ilprotect ilconfidential ilinformation ilin iltheir ilown ilcomputers, ilin ilcloud
ilcomputing ildata ilcenters, iland ilwhile ilmoving ilacross ilthe ilinternet, ilwhile ilat ilthe
ilsame iltime ilsharing ilthe ilinformation ilnecessary ilto ilcomplete iltransactions.
i l Another ileffect ilof ile-commerce ilis ilthe ildramatically ilincreased ilspeed ilwith ilwhich
ilbusiness iltransactions ilcan ilbe ilconducted. ilIn iladdition, ilthere ilwill ilbe ildramatic
ilchanges ilin ilthe ilway ilmanagerial ilaccounting ilprocedures ilare ilcarried ilout, ilone
© ilMcGraw ilHill ilLLC. ilAll ilrights ilreserved. ilNo ilreproduction ilor ildistribution ilwithout ilthe ilprior ilwritten ilconsent ilof
ilMcGraw ilHill ilLLC.

, il example

Managerial ilAccounting, il13/e 5-1




© ilMcGraw ilHill ilLLC. ilAll ilrights ilreserved. ilNo ilreproduction ilor ildistribution ilwithout ilthe ilprior ilwritten ilconsent ilof
ilMcGraw ilHill ilLLC.

, being ilcloud-based ilbudgeting, ilwhich ilis ilthe ilenterprise-wide iland ilelectronic ilcompletion ilof
a ilcompany‘s ilbudgeting ilprocess ilusing ilcloud-based ilsoftware iland ildata ilstorage.


1-2 Plausible ilgoals ilfor ilthe ilorganizations illisted ilare ilas ilfollows:
(a) Amazon.com: il(1) ilTo ilachieve iland ilmaintain ilprofitability, iland il(2) ilto ilgrow
ilon-line ilsales ilof iltheir ilmany ilproducts. il Amazon ilis ilalso ilfamous il(infamous)
ilfor ilwanting ilto ilhave ilevery ilproduct ilin ilthe ilworld ilon ilits ilsite.

(b) American ilRed ilCross: il(1) ilTo ilraise ilfunds ilfrom ilthe ilgeneral ilpublic ilsufficient ilto
ilhave ilresources ilavailable ilto ilmeet ilany ildisaster ilthat ilmay iloccur, iland il(2)
ilto ilprovide ilassistance ilto ilpeople ilwho ilare ilvictims ilof ila ildisaster
ilanywhere ilin ilthe ilworld ilon ilshort ilnotice.

(c) General ilMotors: il(1) ilTo ilearn ilincome ilsufficient ilto ilprovide ila ilgood ilreturn
ilon ilthe ilinvestment ilof ilthe ilcompany's ilstockholders, iland il(2) ilto ilprovide ilthe
ilhighest-quality ilproduct ilpossible.

(d) Wal-Mart: il(1) ilTo ilpenetrate ilthe ilretail ilmarket ilin ilvirtually ilevery illocation
ilin ilthe ilUnited ilStates, iland il(2) ilto ilgrow ilover iltime ilin ilterms ilof ilnumber ilof
ilretail illocations, iltotal ilassets, iland ilearnings. i l Also, ilto ilbe ilcompetitive ilwith
ilAmazon ilin ilthe ile-retail ilspace.

(e) City ilof ilSeattle: il(1) ilTo ilmaintain ilan ilurban ilenvironment ilas ilfree ilof
ilpollution ilas ilpossible, iland il(2) ilto ilprovide ilpublic ilsafety, ilpolice, iland ilfire
ilprotection ilto ilthe ilcity's ilcitizens.

(f) Hertz: il(1) ilTo ilbe ila ilrecognizable ilhousehold ilname ilassociated ilwith
ilrental ilcar ilservices, iland il(2) ilto ilprovide ilreliable iland ileconomical
iltransportation ilservices ilto ilthe ilcompany's ilcustomers.

1-3 The ilfour ilbasic ilmanagement ilactivities ilare illisted iland ildefined ilas ilfollows:
(a) Decision ilmaking: ilChoosing ilamong ilthe ilavailable ilalternatives.
(b) Planning: i l Developing i l a i l detailed i l financial i l and i l operational
i l description i l of ilanticipated iloperations.

(c) Directing iloperations: ilRunning ilthe ilorganization ilon ila ilday-to-day ilbasis.
(d) Controlling: ilEnsuring ilthat ilthe ilorganization iloperates ilin ilthe ilintended ilmanner
iland i l achieves ilits ilgoals.




5-2 Solutions ilManual
© ilMcGraw ilHill ilLLC. ilAll ilrights ilreserved. ilNo ilreproduction ilor ildistribution ilwithout ilthe ilprior ilwritten ilconsent ilof
ilMcGraw ilHill ilLLC.

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