To estimate and control project cost within the approved budget and to achieve the stated goals of the project.
Answer:
B. Institute of Management Accountants (IMA)
Explanation:
B. Institute of Management Accountants (IMA)
The Institute of Management Accountants is an institute where individuals are taught courses in accounting, financial accounting, management accounting, business studies, economic laws etc. This institute prepares the person to have professional study of all the managerial accounting practices involving different fields of study. There are three basic stages, the first is the operational level, then the managerial level and the third is the strategic level. At each level a competitive exam is held to ensure the learning of accurate and high structured policies among emerging accounting managers.
It is a member of different international accounting bodies and firms .
Answer:
1. 18% and 21%
2. Queensland
Explanation:
The formula to compute the rate of return in terms of margin and turnover is shown below:
1. For New south wales
Margin = Net operating income ÷ sales
= $360,000 ÷ $4,000,000
= 9%
And,
Turnover = sales ÷ average operating assets
= $4,000,000 ÷ 2,000,000
= 2
ROI = Margin x turnover
= 9% × 2
= 18%
For Queensland
Margin = Net operating income ÷ sales
= $420,000 ÷ $7,000,000
= 6%
And,
Turnover = Sales ÷ average operating assets
= $7,000,000 ÷ 2,000,000
= 3.5
So,
ROI = Margin × turnover
= 6% × 3.5
= 21%
2. Based on Return on enlistment, the Queensland doing the better job as it contains the high return on investment
Answer: A. Cournot Oligopoly B. Stackelberg Oligopoly C. Bertrand Oligopoly
Explanation:
Cournot Model: In Cournot model, firms produce output independently and then set their prices. In this type of model, the products are typically standardized.
Stackelberg Model: In Stackelberg model, there is one firm who is quite dominant and that firm sets the price. Whereas, other firms or the competing lower firms usually follow the price leader.
Bertrand Model: In this model, firms have interaction with buyers in order to set prices and quantities.