Reference no: EM133578379
Questions:
1 Explain the differences between fixed, variable, and semi-variable costs and provide examples of each.
2. Explain the purpose of calculating contribution margins and break-even volumes.
3. Describe the difference between productive time and nonproductive time.
4. Define employee turnover and explain why managers should monitor employee turnover rates.
5. Define depreciation and the differences among fixed assets, useful life of the asset, and salvage value.
6. Explain the effect on asset book values and net income between straight-line and double-declining balance depreciation.
7. Explain the purpose and structure of income statements.
8. Explain the purpose and structure of balance sheets.
9. Explain the role of profitability ratios. Why should net income be assessed relative to operating revenue, assets, and equity?
10. Explain the role of current ratios. Assuming days in accounts receivable are too high, why is this a problem, and what actions should managers take to reduce the number of outstanding days?
11. Explain the purpose of common sizing.
12. Explain the difference between simple and compound growth rates.