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ACC 516 Chapter 23 Performance Measurement, Compensation, and Multinational Consideration questions with answers. $10.49   Add to cart
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ACC 516 Chapter 23 Performance Measurement, Compensation, and Multinational Consideration questions with answers.
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  • CIMP - Certificate In Investment Performance Measurement

ACC 516 Chapter 23 Performance Measurement, Compensation, and Multinational Consideration questions with answers.

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  • September 23, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • acc 516 chapter 23 performance measurement compen

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  • CIMP - Certificate in Investment Performance Measurement
  • CIMP - Certificate in Investment Performance Measurement

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ACC 516 Chapter 23 Performance
Measurement, Compensation, and
Multinational Consideration questions
with answers.
What is internal financial information based on? ANS -Accounting numbers that are routinely reported



How does benchmarking factor into this chapter? ANS -Internal financial measures are often
benchmarked against external financial information as well as both internal and external non-financial
information



Examples of external financial information (1) ANS -- Stock prices



Examples of external non-financial information (2) ANS -- Customer satisfaction ratings



- Market share



Examples of internal non-financial information (4) ANS -- Rates



- Manufacturing lead time



- Productivity



- Number of new patents



What does the balanced scorecard do? ANS -Uses a single report for financial and non-financial
performance measures



What is an investment? ANS -Resources or assets used to generate income

, What is return on investment (ROI)? ANS -An accounting measure of income divided by an accounting
measure of investment



How to calculate ROI ANS -Income / Investment



What is the most popular approach to measuring management performance? ANS -Return on
investment (ROI)



What is the DuPont method of profitability analysis (for ROI) ANS -Income/Investment (ROI) =
Revenues/Investment (Investment Turnover) x Income/Revenues (Return on Sales)



What is residual income? ANS -An accounting measure of income minus a dollar amount for required
return on an accounting measure of investment



How to increase ROI (3) ANS -- Increasing revenues using assets to generate additional amount



- Decreasing costs (increase income per dollar of revenue)



- Decreasing investment (decreasing idle cash, managing credit judiciously, determining proper
inventory levels, and spending carefully on fixed assets)



How to calculate residual income ANS -Income - (Required rate of return x Investment)



What is the imputed cost of the investment? ANS -With regard to residual income, Required Rate of
Return x Investment



Recognized in particular situations that are not usually recognized by accrual accounting procedures



What is the imputed cost of equity? ANS -Return forgone by not investing in other equity securities of
similar risk

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