At recent management meeting the following statement was made by the Chief Operating Officer: this project is
Question:
At recent management meeting the following statement was made by the Chief Operating Officer: ‘this project is strategic for the firm and therefore non-discretionary’. Briefly comment on this statement.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (7 reviews)
Nondiscretionary expenditures are those which need to be ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
Question Posted:
Students also viewed these Business questions
-
The following statement was made by the vice president of finance of Orville Inc.: The managers of a company should use the same information as the shareholders of the firm. When managers use the...
-
The following statement was made by the vice president of finance of Haberman Inc.: "The managers of a company should use the same information as the shareholders of the firm. When managers use the...
-
The following statement was made by a student: 'I cannot understand why accountants have such a high status and why they have so much influence.' How would you respond to such assertions?
-
Private carriage is more important in the motor carrier segment of our transportation industry than any of the other four major modal segments. What factors have contributed to private carriage...
-
How did Groth classify rapists?
-
Pollution of the rivers in the United States has been a problem for many years. Consider the following events: A = (The river is polluted.} B = {A sample of water tested detects pollution.} C =...
-
Advise Dell management as to whether they should be so concerned about their recent downturn in sales. LO.1
-
The disclosure rules for business combinations complicate financial analysis. Trend analysis becomes difficult because comparative financial statements are not retroactively adjusted to include data...
-
(In 200-300 words) What are constructive dividends? Do you think constructive dividends are more likely to occur in large publicly traded corporations or small privately held corporations? Why?
-
Gate AB is 7 ft into the paper and weighs 3000 lbf when submerged. It is hinged at B and rests against a smooth wall at A. Find the water level h which will just cause the gate to open. 2 4 ft Water...
-
Due to a newly released safety regulation, Red Rock Chocolates will have to replace the fire safety equipment throughout its production facilities. How should Red Rock management assess this asset...
-
When we covered costvolumeprofit (CVP) analysis in chapter 4, we calculated the amount of pre-tax profit needed to achieve a given level of after-tax profit. We could calculate a pre-tax rate of...
-
Why is cash flow management such an important issue for a firm entering a period of rapid growth?
-
Perpetual Inventory Control Record Description: M & B Supreme Date Purchase Received Issued Sales Units Unit Cost June 1 Balance forward 3 $10.00 4 2 6 8 9 $10.50 9 12 32 3 6 2 4 15 6 10 $11.00 18 20...
-
A rectangular footing of size 4m by 5m is founded at 2m below ground level in a uniform deposit of saturated clay. The footing is designed to support a total vertical load of 8000 kN inclusive of the...
-
P6.2 At the start of Tom Stoppard's "Rosencrantz and Guildenstern are dead" 1, Rosencrantz finds a coin. Guildenstern watches as Rosencrantz repeatedly tosses the coin and every time it comes down...
-
For the data: 9 5 10 7 9 10 11 8 12 769 a) Compute the z-score for the raw score of 10 b) Find the raw score that corresponds to z=+1.22
-
(11%) Problem 7: After a bad thunderstorm, a loose power line comes to rest on a parked van. The van is insulated from the ground by its tires, and accumulates an electric charge of Q = 0.0012...
-
What does an income statement show?
-
In Problems 1522, find the principal needed now to get each amount; that is, find the present value. To get $750 after 2 years at 2.5% compounded quarterly.
-
What are four broad groups of actions that managers might use to transform unprofitable customers into profitable ones?
-
How might the structure of salespersons incentives or compensation plans contribute to unprofitable customer relationships?
-
What insights can life-cycle profitability analysis provide about customer profitability and the desirability of various customer groups?
-
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
-
Difference between Operating Leverage and Financial Leverage
-
bpmn diagram for misc purchases
Study smarter with the SolutionInn App