What do you say to your boss and why

Assignment Help Accounting Basics
Reference no: EM132271740

Question: Read the following scenario and then thoughtfully discuss the question.

You are currently working as a contractor building state of the art airports. One of the managerial accountants of the company you work for comes to talk to you about the budget for a project on which you have taken the lead. He wants to know your estimate for the cost of the project. You know that your future with the company depends on your performance in relation to this budget. Your best guess for this project is that it will cost $2,000,000.

• What do you say to your boss and why?

Reference no: EM132271740

Questions Cloud

Why do some firms use yield management systems : Why do some firms use "yield management systems"? Under what circumstances can firms use yield management, and why do they do it?
What was the expected real interest rate : a. What was the expected real interest rate? b. What is your after-tax real interest income expected to be at the end of the first year?
Calculate labor force participation rate : Following information is extracted from a database maintained by the country's ministry of labor:
Explain how the company profit would likely change : Explain how the company's profit would likely change in the long term. Use a graph to illustrate your answer. Make relevant assumptions if necessary.
What do you say to your boss and why : You are currently working as a contractor building state of the art airports. One of the managerial accountants of the company you work for comes to talk.
Implications in practical shipping management : Justify the following statements and their implications in practical shipping management.
What is the market value of the company : What is the market value of the company? Calculate the gross margin, operating margin and profit margin of the company? Did the company pay dividends?
Totally flopping and generating effectively no revenue : A division manager is presented with two new project proposals. Both projects are projected to cost $60,000. Project 1 is predicted to have
How does economic growth happen : How does economic growth happen? In other words, why are some countries rich and wealthy while others are poor?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Company with employees in the following jurisdictions

The organization is planning to implement a company-wide policy with respect to bereavement leave that provides the same benefits to all employees, regardless of their province of employment or their length of employment. As Payroll Supervisor, p..

  Determine unknown cash sales revenue

A business using the cash basis of accounting cannot locate all of its records for a given month of operations. Beginning cash was $22,260 and ending cash.

  Statement of activities for a country club

The following information was excerpted from the records of the East End Golf and Tennis Club, an NFPO. All account balances are as of the fiscal year ended.

  Prepare journal entries to record the transactions for year

Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold

  Evaluate the concept of the efficient frontier

Evaluate the concept of the efficient frontier and how you will use it to determine an asset portfolio for a specified investor.

  What is the depletion expense

The Weber Company purchased a mining site for $1, 750,000 on July 1. The company experts to mine ore for the next 10 years and anticipates that a total.

  What should be the diluted earnings per share

Assuming the income tax rate was 30%, what should be the diluted earnings per share for the year ended December 31, 2007, rounded to the nearest penny

  Determine the amount of cash equivalents

Determine the amount of cash equivalents that should be combined with cash on the company's balance sheet at December 31, 2014, and for purposes of preparing a statement of cash flows for the year ended December 31, 2014.

  Determine the realized recognized and postponed gain or

determine the realized recognized and postponed gain or loss and the new basis for each of the following like-kind

  Calculate the profitability index for each project

Calculate the profitability index for each project, using a cost of capital of 10 percent. Which project would recommend Alfred pursue

  Discuss considered an asset for whole life of the business

It expects to last the whole life of this business $2,000. Is the $2000 spent on the website

  Determine the ending balance that wildhorse co should report

etermine the ending balance that Wildhorse Co. should report as its investment in John Corp. at the end of 2018

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