This website uses cookies to ensure you have the best experience. Learn more

Managerial Accounting Essay

259 words - 2 pages

1. Three Functions of Money
A) Measure of value
B) Store of purchasing power
C) Store of purchasing power
D) Store of purchasing power
E) Means of exchange
F) Store of purchasing power

4. Bond Price Changes

A) A bond worth $10 000 initially and has an interest rate
of 4 percent, annual interest rates would be $400.
A drop in ...view middle of the document...

(.02 x $20 000 = $400).

B) A rise in interest rate to 6 percent causes the price
of this bond to decline to $6667 (.06 x $6667 = $400).

5. Hudson Bank

A) Desired reserves are .05 x $10 million =$500 000.
Actual reserves are $600 000, it has $100 000 in excess reserves.( $600 000 - $500

B) Hudson Bank can lend out all $100 000 in excess reserves to increase in the money supply.

6.Champlain Bank
Desired reserves are 04 x $5 million = $200 000.
Actual reserves are $200 000.
If $15 000 is deposited , deposits rise to $5 015 000, so desired reserves become .04 x $5 015 000= $200 600. The Bank now has $215 000 in actual reserves and its excess reserves are now $14 400.

Credit cards are not part of the money supply because they would be considered un-secure loans and loans are not considered to be "money". The flow of money is only counted when it is actually paid and when used for purchases its considered a loan until payment is made.

Other Papers Like Managerial Accounting

Managing Accountant Essay

700 words - 3 pages Yekaterina Romanovich American Intercontinental University Unit 1 Individual Project Acct 310- Managerial Accounting February 17, 2013 The importance of a managing accountant to document and understand current spending as well as the cash flow. Reading future money patterns to know where and when to spend while still making money for the company. Using accounting information for managers within organizations, to provide them with the

Pggna Account Details Essay

755 words - 4 pages | | | | | |Managerial | | | | | |Emphasis | | | |R7 |Paresh Shah |Basic Accounting |Oxford Higher |Latest Edition


9978 words - 40 pages CHAPTER 1 Managerial Accounting ASSIGNMENT CLASSIFICATION TABLE Learning Objectives *1. Explain the distinguishing features of managerial accounting. Identify the three broad functions of management. Define the three classes of manufacturing costs. Distinguish between product and period costs. Explain the difference between a merchandising and a manufacturing income statement. Indicate how cost of goods manufactured is determined. Explain the

5/11 Act 202

303 words - 2 pages 5/11 | F | 2 | 2-1 | 2 | E2-1, E2-2, E2-3, E2-4, E2-5, E2-6, E2-7 | E2-1) 1. Directing & Motivating 2. Budgets 3. Planning 4. Timeliness-Precision 5. Managerial Accounting 6. Managerial accounting 7. Financial Accounting 8. Feedback 9. Controller 10. Performance report E2-2 1. The cost of a hard-drive installed in a computer: direct materials cost. 2. The cost of advertising in the Puget Sound Computer User

Positive Accounting Theory

9637 words - 39 pages procedure but through a number of accounting procedures that are available to management. Zmijewski and Hagerman (1981) improved upon previous studies by investigating a portfolio of accounting procedures. Healy (1985) went further and used accounting accruals as the dependent variable to capture the effects of a host of discretionary decisions – both accounting and real – by management. While accruals provide a summary measure of managerial discretion


569 words - 3 pages [pic] Bachelor of Business Administration in Accounting Course Work Accounting major requires a total of 120 semester hours of coursework-90 semester hours of core curriculum and general business course courses and 30 semester hours in the major area. The following is a suggested plan of taking the required coursework for full-time students pursuing a BBA degree in Accounting. The student CANNOT take course until he/she has


1781 words - 8 pages | | | |fail even at times when I was determined to give up. | | |GB519: In this course I expect to learn to use my abilities of analysis to|GB519: Evaluate operational results using managerial accounting | | |describe certain managerial accounting ratios and


334 words - 2 pages , whereas absorption costing is known as full costing and allocates all manufacturing costs to products (Schneider, 2012). Schneider (2012) defines “variable costing as an approach to product costing that assigns only variable manufacturing costs to items produced” (Schneider, 2012). Schneider, A. (2012). Managerial accounting: Decision making for the service and manufacturing sectors. San Diego, CA: Bridgepoint Education.

Rsm220-Week 01 Slides

2259 words - 10 pages agencies • Managerial accounting provides both historical and forecast information • Managerial reporting information is used by management (internal users only) 5 Financial Statements and Other Means of Financial Reporting • Major financial statements include: • Balance Sheet • Income Statement • Statement of Cash Flows • Statement of Shareholders’ (Owners’) Equity + Note Disclosures 6 Financial Reporting • Other forms of financial

Hca 250 Financial Concepts

275 words - 2 pages to the term. |Column A | |U |Revenue | |O |Nonprofit organization | |R |Comptroller | |Q |Managerial accounting | |P |Expenses | |M |Proprietary organization | |N |Process view | |V |Clinical view | |S |Financial accounting | |T |10.Organizational chart |

Cost Accounting

1684 words - 7 pages Cost Accounting Tabitha Smith ACC 310 Christine Errico January 12, 2011 Cost Accounting What is cost accounting? Cost accounting as referred to as managerial accounting is a system of accounting used specifically by managers (Lanen, Anderson, & Maher, 2011, p. 6). Cost accounting measures, records and reports information about costs to help managers to form a well informed decisions for an

Related Essays

Managerial Accounting Essay

2279 words - 10 pages |Name of Course |Managerial Accounting | |Course Code |EBF 2043 | |Credit hours |3

How Managerial Accounting Adds Value To The Organizations

3231 words - 13 pages 1.0 ABSTRACT Managerial Accounting is tools for business decision making. The use of management accounting information is a key for organizational success. This essay will explain on the importance of managerial accounting process in organization to successfully carrying out the day to day as well as long term activities and goals. First, it describes how the evolution and change in managerial accounting. Second, the essay looks at the role of

Managerial Accounting Incremental Analysis

257 words - 2 pages income is EBIT] b) What is the turnover? Turnover = Sales/Average Operating Assets c) What is the division’s ROI? (Net Operating Income/Sales) X (Sales/Average Operating Assets) d) What is the division’s residual income? Net Operating Income – (Average Operating Assets X Minimum required Rate of Return) 3. (Incremental Product Analysis) Tjelmeland Corporation is considering dropping product S85U. Data from the company's accounting

Dr. Stephanie White, The Chief Administrator Of Uptown Clinic, A Community Mental Health Agency, Is Concerned About The Dilemma Of Coping With Reduced Budgets Next Year And Into The Foreseeable Future...

905 words - 4 pages Unit 2 – Cost Management AIU Online – ACCT310 February 24, 2013 Abstract This is a paper that will explain the difference between cost accounting and managerial accounting. It will describe the aspects of the philosophy of lean production. Also, those principles will be compared to those principles of a typical production. Lastly, recommendations for the reductions needed for Dr. White’s clinic will be given. INTRODUCTION Cost