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acg 2071 exam 3 fsu (1).
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acg 2071 exam 3 fsu (1).
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acg 2071 exam 3 fsuRolling Budget - ANS-updated constantly to project 12 months
Zero-based budget - ANS-start with nothing and add money as needed
Merchandising Budgets - ANS-COGS, Inventory, Purchases Budget
Manufacturing Budget - ANS-Dm, DL, Moh, production
Merchandising Inventory - ANS-Beginning COGS
+Desired Ending Inventory
=Total Inventory
- Beginning Inventory
=Amount of Inventory to Purchase
Income Statement - ANS-Revenue
-COGS
=GP
-operating expense
=operating income
decentralization - ANS-splitting management into different factions
cost center - ANS-managers only accountable for costs
revenue centers - ANS-managers accountable primarily for revenue
profit center - ANS-managers accountable for profit (revenue and costs)
Investment Center - ANS-managers responsible for generating revenue, controlling
costs, and managing divisions assets
Return of Investment (expanded) - ANS-ROI = Sales Margin * Capital Turnover
Operating Income (Assets) - ANS-Op Inc = Op Inc (sales) * Sales (assets)
residual income - ANS-operating income - minimum acceptable income
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