管理会计(双语)课后答案answer-chapter23

1、market share. stock prices. innovation measures. defect rates. 2. Which of the following does not describe the three steps in designing an accounting-based performance measure? a. b. c. d. The issues in each step are interdependent. The decision maker will often proceed through the steps several tim

2、es before deciding on one or more performance measure(s). The answers to the questions raised at each step depend on top management beliefs about the organization. The steps must be done in sequence. CHAPTER 23 PERFORMANCE MEASUREMENT, COMPENSATION, AND MULTINATIONAL CONSIDERATIONS 1. An example of

3、a performance measure based on external financial information would be a. b. c. d. The following data apply to questions 3 through 7. Information pertaining to Piney River Division of MO Corporation for 2004: Revenues$950,000 Variable costs575,000 Traceable fixed costs336,500 Average invested capita

4、l 350,000 Imputed interest rate 10% 3. 4. The return on investment (ROI) was a. 4 percent. b. 10 percent. c. 11 percent. d. 37 percent. The return on sales (ROS), a component of the DuPont method of profitability analysis, was (rounded to the nearest percent) a. 11 percent. b. 40 percent. c. 1 perce

5、nt. d.4 percent. The residual income a. $3,500. b. $35,000. c. $38,500. d. $0. was 6. If top man ageme nt at MO Corpo rati on ado pts a 15 p erce nt target ROI for the Piney River Divisio n, which comb in ati on (while holdi ng other factors con sta nt) will yield this target ROI? A 1 p erce nt in c

6、rease in sales volume A 5 p erce nt decrease in average in vested assets A 2 p erce nt in crease in sales p rices A 3 p erce nt decrease in fixed costs a. b. c. d. 7. In come tax rate Weighted-average cost of cap ital Curre nt liabilities Curre nt assets Which of the follow ing factors would not be

7、n eeded to calculate EVA from the give n in formati on for Piney River Divisi on of MO Corpo rati on? a. b. c. d. 8. When managers set and measure target levels of performanee historical-cost-based acco unting measures are usually adequate for evaluat ing econo mic returns on new in vestme nts. hist

8、orical-cost ROIs cannot be used to evaluate curre nt p erforma nee. the tim ing of feedback is not dependent on the sop histicati on of the orga ni zati on s in formati on tech no logy. the tim ing of feedback depends on the sp ecific level of man ageme nt receiv ing the feedback. a. b. c. d. 9. Jam

9、es Jessmore is a manager at a local bank. James s management style is best described as entrepren euria he is risk n eutral. Wyn etta George is a customer service rep rese ntative who rep orts to James. Wyn etta is risk averse. In desig ning a compen sati on p ackage for James and Wyn etta, which ty

10、pe of compen sati on arran geme nt should be emp hasized more? James Jessmore Wyn etta George a. Performa nce-based Performa nce-based b. Performa nce-based Straight salary c. Straight salary Performa nce-based d. Straight salary Straight salary 10. Moral hazard is best described in con texts in whi

11、ch a. b. c. d. divisi on man agers cite eno rmous top man ageme nt p ressures“ to make the budget ” as excuses for not adheri ng to ethical acco un ti ng p olicies and pro cedures. the nu mbers that sub un it man agers report should be uncon tam in ated by the books. ” an empio yee p refers to exert

12、 less effort tha n desired by the owner because the effort cannot be accurately mon itored and en forced. socially res pon sible companies set aggressive en vir onmen tal goals and measure and rep ort their p erforma nee aga inst them. “cook ing SOLUTIONS 1. 2. 3. 4. 5. 6. 7. 9. 10. Question Calcula

13、tions 3. Revenues Variable costs Traceable fixed costs Op erat ing in come$ $950,000 (575,000) (336,500) 38,500 38,500/350,000 = 11% 4. 38,500/950,000 = 4.1% or rounded to 4% 5. Op erat ing in come 350,000 咒 10% Residual in come $38.500 35,000 3,500 6. a. 950,000 氏 101%$959,500 575,000 X 101% (580,750) (336,500) 42,500 Op erati ng in come 42,500/350,000 = 12.1% b. c. 350,000 爭、.95 = 332,50038,50