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Solutions Manual For Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Ronald W. Hilton, David E. Platt, All Chapters 1 - 17, Complete Newest Version$16.49
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Solutions Manual For Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Ronald W. Hilton, David E. Platt, All Chapters 1 - 17, Complete Newest Version
Solutions Manual for Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Ronald W. Hilton, David E. Platt, All Chapters 1 - 17, Complete Newest Version Solutions Manual for Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by ...
The Crucial Role of Managerial Accounting in a Dyn
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amic Business Environment x x
FOCUS ON ETHICS (Located before the Chapter Summary in the text.)
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The focus-on-
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ethics inset for Chapter 1 is the IMA Statement of Ethical Professional Practice. Instructors can use t
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his list of ethical principles and standards to lead a class discussion. The discussion can also
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range to consideration of how these standards may have been violated by accountants and
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managers involved in the various ethical scandals uncovered over the past several years. It is al
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so useful to discuss the pros and cons of the procedures that IMA suggests for its members wh
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en they believe they know about ethical lapses in their organizations.
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ANSWERS TO REVIEW QUESTIONS x x x
1-1 The explosion in e-
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commerce will affect managers in significant ways. One effect will be a drastic reduction i
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n paper work. Millions of transactions between businesses are now being conducted ele
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ctronically with no hard- x x x
copy documentation. Along withthis method of communicating for business transacti
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ons comes the very significant issue of information security. Businesses need to find wa
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ys to protect confidential information in their own computers, in cloud computing dat
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a centers, and while moving across the internet, while at the same time sharing the inf
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ormation necessary to complete transactions. Another effect of e-
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commerce is the dramatically increased speed with which business transactions can be c
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onducted. In addition, there will be dramatic changes in the way managerial accounting
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procedures are carried out, one example being cloud- x x x x x x x
based budgeting, which is the enterprise-
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wide and electroniccompletion of a company‘s budgeting process using cloud-
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based software and data storage.
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, 1-2 Plausible goals for the organizations listed are as follows:
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(a) Amazon.com: (1) To achieve and maintain profitability, and (2) to grow on- x x x x x x x x x x x
line sales of their many products. Amazon is also famous (infamous) for wanting to h
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ave every product in the world on its site.
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(b) American Red Cross: (1) To raise funds from the general public sufficient to have res
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ources available to meet any disaster that may occur, and (2) to provide assistan
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ce to people who are victims of a disaster anywhere in the world on short notice.
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(c) General Motors: (1) To earn income sufficient to provide a good return on the inv
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estment of the company's stockholders, and (2) to provide the highest-
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quality product possible. x x
(d) Wal-
Mart: (1) To penetrate the retail market in virtually every location in the United States, and (
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2) to grow over time in terms of number of retail locations, total assets, and earnings. Al
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so, to be competitive with Amazon in the e-retail space.
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(e) City of Seattle: (1) To maintain an urban environment as free of pollution as poss
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ible, and (2) to provide public safety, police, and fire protection to the city's citizens.
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(f) Hertz: (1) To be a recognizable household name associated with rental car servic
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es, and (2) to provide reliable and economical transportation services to the company's
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customers.
1-3 The four basic management activities are listed and defined as follows:
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(a) Decision making: Choosing among the available alternatives.
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(b) Planning: Developing a detailed financial and operational description ofa
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nticipated operations. x
(c) Directing operations: Running the organization on a day-to-day basis.
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(d) Controlling: Ensuring that the organization operates in the intended manner anda
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chieves its goals. x x
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