a) What are the consequences of telling the president of your gross miscalculation? In order to determine the sales and income projection, it is useful to forecast the budget based on prior performance of the company. The business performance of the current year will shows how the company is actually performed and this is a good indication to expect the company will perform better in future. As to obtain an accurate sales projection, we collected all the information from the company because each area of business operation might have a separate budget. For example, Fernetti Conductor has a specific budget for advertising, purchasing, sales production and cash budget.
Throughput is the rate at which the system generates money through sales while inventory is all the money that the system has invested in purchasing things which it intends to sell. And operational expense is all the money the system spends in order to turn inventory into throughput. In traditional meaning, throughput is defined as the rate at which the system generates money through production whereas inventory includes the direct labour cost invested on the products and operational expense is all the money the system spends in order to turn inventory into throughout. I found the new definition is useful because it eliminates the confusion over whether the money spent is an investment or an expense . 2.
Doing Business in Japan An ancient culture which has evolved within the geographical boundaries of an island has produced a modern day society with unique values, traditions and customs. Doing business in Japan arguably poses the most potential for cross cultural misunderstandings. However, Japan's professionals are well educated in doing business with the West and will try to modify their own behaviours to accommodate you. Nonetheless, doing business in Japan necessitates preparing oneself by understanding areas such as business culture, business etiquette, negotiation and meeting protocol. This guide to doing business in Japan is in no way meant to represent an all-inclusive summary of tips on doing business in Japan.
Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why? With classical economists believe that people supply things to the economy so they have income to demand things of value they supplied.
Employees can use this statement to estimate if the company will be able to afford compensation. Externally, investors and creditors can utilize a company’s cash flow statements to assess the liquidity position of a company and estimate the financial strength of the organization (SEC,
Incremental cash flows increase the value from the organization because they are projects marginal benefits. 2. What are incremental cash flows for the project in years 1 through 5 and how do these cash flows differ from accounting profits or earnings? Net operating cash flow which is revenue of expenses and liabilities. Net initial investment outlay which is investment cash and the sale of old equipment cash expenditures as well as net cash flows.
The balance sheet connects to income statements, in turn also connected to cash flow statement. Occurrences or a change to the net cash activities of the cash flow statement affects the balance sheet. The balance sheet is useful when estimating the potential of the organization in order for them to achieve there long-term mission. However, cash flow statement displays the exchange of currency among an organization and external agents. For example, the cash flow can be affected when the company purchases products, and if the costs of the products are an outstanding amount in turn it will affect the assets on the balance sheet.
| | Fairness | | | Compliance | | | Efficiency | The degree to which pay influences individual and aggregate motivation among the employees at any point in time is referred to as: | | sorting effect. | | | incentive effect. | | | motivational effect. | | | directional effect. | _____ would be most concerned about executive pay.
Hence, Mr Watanabe opened discussion with Mr. Pickens from the U.S. Source: Case During the annual meeting, the Koito’s board of directors declined board representation for Pickens Pickens asked an access on Koito’s books and filed lawsuits against Koito for dumping practices that benefited Toyota Pickens announced his plan to increase his stake to 30% 2 2/7/2012 KEIRETSU: DEFINITION: | Group of large Japanese financial industrial corporations through historical associations and cross-shareholdings In a keiretsu each firm maintains its operational independence while retaining very close commercial relationships with other firms in the group. Horizontal keiretsus (such as Mitubishi Corp. and
JMAK Volume Twelve 2000 A Review of the Effects of Financial Incentives on Performance in Laboratory Tasks: Implications for Management Accounting Sarah E. Bonner University of Southern California Reid Hastie University of Colorado at Boulder Geoffrey B. Sprinkle Indiana University S. Mark Young University of Southern California Abstract: Management accounting information plays an important role in motivating individuals to improve performance (cf., Atkinson, Banker, Kaplan, and Young 1997). This role tends to be operationalized by linking compensation to performance, typically through the provision of financial incentives. Theoretically, financial incentives motivate people to exert additional effort, which In turn should improve task performance. However, a large body of empirical evidence indicates that financial incentives frequently do not lead to increased performance (e.g., Young and Lewis 1995; Jenkins et al. 1998).