How would you respond to given statement

Assignment Help Financial Management
Reference no: EM132317508

Question

A manager in your organization tells you over coffee one morning, "Differential costing is easy; variable costs are the only costs that are relevant." As the organization's accountant, how would you respond to this statement?

Later in your conversation this same manager opens a folder and produces a document he just received regarding a special order at a price that he believes is "below cost." The manager is opposed to accepting orders of this nature because he feels every sale needs to carry a fair share of full costs in order to keep the company from failing. What would be your reply to this manager?

Reference no: EM132317508

Questions Cloud

How accurately is memory loss featured in the selected movie : Engage your critical thinking skills. How accurately is memory loss featured in the selected movie? Specifically, does the memory loss in the movie resemble.
Identify an occupational health hazard and associated risks : Identify an occupational health hazard and associated risks at your selected workplace - What are the risks arising from this hazard and how were these risks
How do values shape behaviour : Topic - The VUCA leader-manager. How do values shape behaviour, especially when we face choices
How can the counselor create a sense of hope : Chapter 11 in the textbook emphasizes the importance of hope and possibility in the counseling process. Clients come into counseling having tried many different
How would you respond to given statement : A manager in your organization tells you over coffee one morning, Differential costing is easy; variable costs are the only costs that are relevant.
Define is the article more or less detailed on the science : In addition to the link, write a paragraph of at least 125 words describing the article and how it relates to the material from the textbook.
What is the amount of bond interest expense recorded : Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the annual market rate.
Describe the purpose and hypothesis of the experiment : You are a scientist in your life and in the real world. Part of the fun of learning about the world and how it works is going beyond the text and seeing it for.
Calculate the degree of financial leverage for alternatives : Newcap Ltd has an ordinary share capital of 400,000 shares fully paid to $1 and a 10% preference share capital of 100,000 shares fully paid to $1.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd