Essays on Lucey

This report recommends that no bonuses be awarded to the production department. Responsibility accounting assigns costs, revenues, and profits to those managers who have direct responsibility (Hansen, Mowen, & Guan, 2009). Responsibility accounting forms the basis of assigning responsibility, establishing performance measurements, evaluating performance, and awarding rewards. The production manager is responsible for the costs incurred in the production department. The standard cost and quantities establish the performance measurements. The production manager performance can be evaluated against the standard costs and the variances computed. The variance analysis forms the basis of awarding the bonuses. The variance analysis shows that the ...

Zadok limited company is an equity investment company that offers financial advices to its esteemed clients interested in investing both in the capital and money markets. The company has launches a project to implement management information system. This system will ensure real time relay important financial information across its departments. Employees will be able to make informed decisions based on the available financial information and avoid speculative decision making process which has been practiced in the company for over four years now.

Project scope

The primary objective of this project is to enhance information transparency across all the departments and to ...

This analysis considers the cost behavior of the various cost items in order to determine the cost and profit at various levels of activity. Fixed costs are costs that do not vary with changes in output. Variable costs are costs that change with changes in output. Semi-variable costs are costs that are partly variable and partly fixed. Stepped fixed costs are costs that remain at a particular level of activity but step-up to a new level when activity level exceeds a particular point (Drury, 2012). In this case, the cost items are classified into either fixed costs, variable costs, ...

The Theme park is facing a problem of determining the limits of the height that would include at least 90% of the children that attend the theme park. To solve this problem the theme park can apply the central limit theorem to establish the height limits for each age group. The central limit theorem states that the mean for a sufficiently large population will be normally distributed (Curwin & Slater, 2008). Therefore, given the standard deviation and the mean of each set, the theme park can construct confidence intervals for each group. To ensure at least 90% of the children ...

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QUESTION ONE

Identify and describe as many distinct sub-systems of Cash Mountain as you can. For ANY TWO of your identified sub-systems, describe the following system components: Banking is one of the most important foundations in business or personal financial development. Technology has been evolving rapidly from physical traditional banking (Cayazzo, 2006). There before, customer were availing themselves to the bank for any transactions or inquiries. Then banks began the operation of automated teller machine (ATM) making it easier for bank customers to access cash at their convenience. ATMs have evolved to a point where a customer can withdraw ...

For a sample to be suitable it must be representative of the relevant population. When a sample fails to include all the characteristics available in the population it is said to be biased. Selection bias a rises when the sampling procedures are insufficiently random resulting in a sample that is not representative of the relevant population, the result is a sample that over represents or under represents certain characteristics of the population (Lucey, 2003). The data set of Little Town café has a sample size of 57 observations of its guests over a three year period. Since the data ...