income statement statement of cash flows retained earnings statement balance sheet fixed cost mixed cost variable cost manufacturing cost $600 $375 $225 $321 32% 16% 12% 40% contribution margin analysis cost-benefit analysis double entry analysis incremental analysis the discounted payback the profitability index the internal rate of return the modified internal rate of return among firms within industries throughout the accounting period among accounting periods 27.3% 32.9% 25.1% 30.3% limited liability partnership partnership sole proprietorship corporation overhead rate product activity cost driver cost pool $11.63 $13.50 $9.72 $12.50 1.90 0.90 0.11 1.11 0 1.74 0.60 1.47 partnership is perceived to be safe is financed with more than 50% debt has debt in its capital structure operations costing variable costing absorption costing product costing the comparison of actual results with planned objectives. the valuation of inventories the preparation of long-term plans the approval of the budget by the stockholders to determine which items are in error. that has been arranged from the highest number to the lowest number. to determine the amount and/or percentage increase or decrease that has taken place. that has been arranged from the lowest number to the highest number. lower taxes most common form of organization harder to transfer ownership reduced legal liability for investors contribution margin equals total fixed costs. total variable costs equal total fixed costs. total sales equal total variable costs. total sales equal total fixed costs. $1,787 million $1,344 million $1,315 million $453.6 million partnership limited liability partnership corporation sole proprietorship projected net income for next year relationship between short-term and long-term liabilities r
elationship between current assets and current liabilities net income for this year 61.7 57.9 65.2 64.3 vertical analysis linear analysis trend analysis common size analysis the statement of net worth the statement of working capital the statement of cash flows the statement of retained earnings $477,235 $429,560 $414,322 $480,906 $972 $1,014 $923 dissimilar products are involved production is aimed at fulfilling a specific customer order. the production process is continuous. costs are to be assigned to specific jobs. $22,680 $26,454 $19,444 $16,670 flexible accounting static reporting master budgeting responsibility accounting SEC financial reports internal reports for management external financial reports all of these shows how long the firm keeps its inventory before selling it. estimates how long it takes on average for the firm to collect its outstanding accounts receivables balance. begins when the firm uses its cash to purchase raw materials and ends when the firm collects cash payments on its credit sales. begins when the firm invests cash to purchase the raw materials that would be used to produce the goods that the firm manufactures. when the products are sold. on job cost sheets. on production cost reports. after each unit is produced. the controller department heads factory workers management accountants 70% 50% 30% 33% auditors investors managers creditors has been developed in a bottom up fashion. has been developed by all levels of management. is developed with performance appraisal usages in mind. has been developed in a top down fashion. $3,594,524 $2,667,904 $1,745,600 $5,233,442 Have a low plowback ratio are highly leveraged have less equity and/or are able to generate high net income leading to a high ROE. None of these $803,010 $1,844,022 $2,123,612