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Measuring managerial performance-new challenges. Many commentators have argued that the deterioration in manufacturing productivity results from a preoccupation with short-term financial performance measures. Many firms base bonus plans for senior executives on annual accounting income. This method provides incentives to take actions that enhance short-term earnings performance but that may not serve the best long-term interests of the firm. By contrast, firms in other countries give executives incentives to ensure the long-run viability of their companies. Consequently, they are more concerned than their North American counterparts with long-run productivity, quality control, and managing the company's physical assets.
Not everyone agrees with the observation that North American business executives are preoccupied with short-term financial performance to the extent that they would take actions contrary to the best long-run economic interests of the organization just to make themselves look good on the performance measures. But suppose that an executive faces a choice between an action with a positive short-run effect on performance measures and another that has better long-run consequences for the organization but that will not affect short-run performance measures positively. We cannot fault a rational executive for taking the action that looks good in the short run. As the saying goes, ‘‘You have to look good in the short run to be around in the long run.''
How would you design a control system that encourages top-level managers to be concerned about long-run productivity, quality of products, and the long-run economic well- being of the company? Assume that these managers have previously focused on maximizing quarterly and annual earnings numbers to the detriment of these other factors.
Compute the price elasticity of demand for the SpamBlocker software. Based on this calculation, what is the profit-maximizing price?
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Prepare an income statement, a statement retained earnings, and a balance sheet for the company and can the work sheet be used as a substitute for the financial statement? Explain your answer
Prepare journal entries for each of the following transactions. Prepare a corrected Balance Sheet for the Keyser Soze Corporation following Generally Accepted Accounting Principles, and in proper accounting three-column format.
Determine the contribution margin per unit and number of units that Hinshaw must sell to break even.
Determine what business form Bob should choose. Explain the different business formats to Bob and which one you recommend for Bob's new business: "Builder Bob" (BB)
questionacme company utilizes the weighted-average method in to evaluate product costs and reports the following costs
william sold section 1245 property for 25000 in 2012. the property cost 35000 when it was purchased five-years ago. the
The tax rate is 35%. Calculate operating cash flow using the four different approaches described in the chapter and verify that the answer is the same in each case.
Prepare an amortization schedule for the interest and principal payments for the four-year period.
Computing Cash from Operations - Brinkerhoff provides the following income statement information for 2008
Create the financial statements for December 31, 2011, depict them in vertical format, and compute the current and acid test ratios.
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