Reference no: EM133867764
Assignment: Finance
Task summary: Complete the assignment for the course Managerial Accounting (quite intermediate). The chosen one is "Target Corporation". Essay size should be 8 pages, APA-style. Use 5 academic sources from 2018 onwards.
Description:
Dear Freelancer, submit a detailed report to your potential investors and other stakeholders to explain and defend your costing strategies and to show your business's performance to date.
I. Introduction: Provide a short overview of your company and the purpose of this report.
i. Business Overview: Name your company and describe its business and your vision for its future.
ii. Purpose of the Report: Explain the purpose of the report and describe why the accounting information is important.
iii. Methods and Approach: Explain the management accounting methods you used for generating the information that you are about to share in terms of your adherence to industry standards and the American Institute of Certified Public Accountants (AICPA) code of ethics.
II. Financial Strategy: Review your original business plan and costing strategies.
i. Costing System: Justify the use of job order costing for this business. Be sure to compare and contrast the various costing systems you learned about in this course as part of your defense.
ii. Selling Prices: Share and explain the selling prices you established for each of your products. Be sure to reference your cost-volume-profit analysis in your defense.
iii. Contribution Margin: Share and explain your contribution margin per unit. Be sure to reference your cost-volume-profit analysis inyour defense.
iv. Target Profits: Identify your break-even points for achieving different target profits. This explains the target profits you selected for each area of your business. Be sure to reference your cost-volume-profit analysis in your defense.
III. Financial Statements: Using the information in the Milestone Two Market Research Data Appendix. assess your financial performance to data.
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