Question 9
Question 1
The President of Coopie Awards was analyzing the actual and budgeted results of operations for the current year (shown in the table below).
She noticed several favorable variances and, in a meeting, gave accolades to the production manager. She also noticed that the sales variance was unfavorable and spent considerable time questioning the sales vice president. She stated "if production hadn't managed costs so well to cover for your lack of sales, we would have racked-up quite a large net loss for the year."
Do you agree with the president? Why or why not? Explain your point.
Where were costs in line and where were they out of line?
What could have been done to produce more favorable numbers?
Question 2
As we have discussed previously, differences in accounting standards currently exist. One such example is with segment reporting. Conduct research to locate a reliable source that indicates whether segment reporting is required in the financial statements of the country that you chose for your final project. Summarize the findings and include the URL of the article. Why do you feel that there is so much disparity between everyone's findings? How does this affect the findings for your country?
Question 3
Global strategies have many issues to be concerned with such as economic, cultural, and legal & political issues. Legal and political issues vary per country. Economic factors involve currency exchange rate, inflation, and the diverse tax policies.
What are some of the global strategies that companies in the United States have implemented to offset many of the economic issues; such as the rise in gas prices and the property market decline? Also, come up with a global strategy plan to address and improve the issues you just conveyed.
