Period vs product costs - Study guides, Class notes & Summaries

Accounting Crash Course V4 Wall Street Exam Prep Questions with complete Answers Latest Updated 2024/2025 | Scored A+. What is Accounting?: Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial performa...

OPMA 317 QUESTIONS AND ANSWERS GRADED A+ Cycle Time The time between two consecutive customer orders being completed Bottleneck The slowest workstation in the process Bottleneck's Processing Time = ? Cycle time for entire process When should a discount be offered? (Campus Club Cupcakes) When it helps our bottleneck increase output Legal Risks (Campus Club Cupcakes) Food safety, employee safety, taxes Financial Risks (Campus Club Cupcakes) Lose money, customers not picking up or paying Org...

CHAPTER Version A I. True or _________ 1. _________ 2. _________ 3. _________ 4. _________ 5. known as suppliers. II. Write down the letter of the answer that best answers the question or completes the statement. _________ 6. The term VFR travel refers to: A. Visiting Friends and Relatives B. Very Frequent Reservations C. Very Favorable Restrictions D. Trick question: VFR refers to nothing _________ 7. Which of the following is not a sector of the travel industry? A. Corporate t...

common mistakes in pricing price is too cost oriented price is not revised often enough price doesn't take into account the rest of the marketing mix prices are not varied enough throughout the product line, market segments, distribution channels marketers perspective vs consumers perspective on price marketers: demand and cost consumer: value received value value pricing the practice of simultaneously increasing product and service benefits while maintaining or decreasing price ...

Accounting Crash Course Exam V4 Wall Street Exam Questions and Answers Latest Updated 2024/2025 | Graded A+. Why is Accounting Important?: Enables managers to make corporate decisions Enables the general public to make investment decisions 3. Who Uses Accounting?: Used by a variety of organizations - from the federal government to non-profit organizations to small businesses to corporations We will discuss accounting rules as they pertain to publicly-traded companies Accounting Crash Course...

ACC 3200 Exam 1 Review Questions & Answers 2024/2025 Identify parts of the value chain and describe the purpose of value accounting and who determines value - ANSWERS-set of activities required to design develop, produce, market, distribute, and service a product -customer determines the value and can be increased by increasing speed of delivery and response -purpose - increase production efficiency so that a company can deliver max value for less cost Identify major factors leading to...

HCAD 375 Final Questions and Answers 2024 3 managerial viewpoints and how that influences $ management Financial: work with finance on a daily basis, responsible for the reporting function Process: work with the system of the organization, responsible for data accumulation Clinical: usually work with and interact directly with patients, responsible for service delivery also responsible for clinical outcomes Proprietary vs not-for-profit -pay all taxes -corporations, partnerships, or...

1. What is Accounting?: Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial performance to the general public. 2. Why is Accounting Important?: Enables managers to make corporate decisions Enables t...

Marketing (1MA3) Midterm Study Guide with Certified Solutions What is Marketing? a set of business practices designed to plan for and present an organization's products or services in ways that build effective customer relationships Core Aspects of Marketing marketing is about creating value. it involves the product mix, entails an exchange, is about satisfying customer needs and wants, occurs in many settings, can be performed by anyone. Marketing Mix/4 P's Product, Price, Place, Promotion P...

1. SHV Share price + Dividends 2. How do you in- crease Earnings Per Share (EPS)? Increase net income 3. Revenues -Sales -Goods or services sold 4. Gross profit -Gross income -Gross earnings -Gross margin 5. Operating in- come 6. Income before taxes (IBT) -Operating profit -Earnings before interest and tax (EBIT) -Income before interest and taxes (IBIT) -Earnings before taxes (EBT) -Profit before taxes (PBT) 7. Net income (NI) -Earnings after taxes (EAT) -Profit after t...