View obiectelor anime Assignment Details Assignment Description You are the managerial accountant ateliable Company. You hurve been assigned to support the marketing department manage its master budget. The marketing department is responsible for the following Managing the firm's marketing Hiring subcontractors * Selling the consulting expertise to smaller outsidefirms The department's expenses are as follows: Salaries and benents of $48.000/month Web site operations of $21,000/ month Online advertising expenses of $15.000/month Miscellaneous expenses of $3.500/month The sales forecast for its consulting services are as follows: April: 5190,000 May: $200,000 June: 5205,000 The department pays a sales commission of 59, and this is paid in the following month, Subcontractor expenses are estimated at 45% of sales and are paid the month after they are billed. Consulting fees are collected 20% in the mont sale, 70% in the following month, and 10% in the second month following sale, Refer to the attached schedules Develop a master budget for the marketing department This task includes the following: Completing the attached schedules for a master budget for the marketing department Supporting schedules for cash disbursements and collections Analyze additional needs and resources based on those budgets. Make recommendations based on those budget Respond to the following for this assignment: Develop the marketing department's master budget Prepare a schedule of expected cash collections. Make recommendations based on those budgets. Please click on the following link to access a template to use for this assignment Exercise 25.1 (Static) Accounting Terminology (LO25-2, LO25-3, LO25-4, LO25-5, LO25-6) Listed below are eight terms: Residual income Balanced Scorecard Management compensation Return on investment Return on sales Stock options Business process lens Capital turnover Each of the following statements may or may not) describe one of these terms. For each statement indicate the term described, or answer "none" if the statement does not correctly describe any of these terms. es e. a. Tells managers the incremental operating earnings for each additional sales dollar b. The focus of this business performance measurement is the sales dollars earned from each investe c. A tool used by managers and owners of organizations to align managers' goals with those of the org d. This method considers all costs borne by the consumer from purchase to disposal of a product. A business performance measurement that takes into account the minimum required return on the : employed. Measures for this category of business performance are associated with eliminating non-value-adde 1. from the value chain A method in which a product's selling price is determined by adding a fixed amount to the product's 9 production cost. This performance evaluation method is criticized for motivating managers, in some instances, to ign h. investments that are in the best interest of the company as a whole. An important aspect of this method is the consideration of the many perspectives of the multiple sta in an organization 1. Prev 1 of 5 Next >
