Homework answers / question archive / Week 1 Discussion QuestionsTo receive full credit, please respond to one of the following questions

Week 1 Discussion QuestionsTo receive full credit, please respond to one of the following questions

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Week 1 Discussion QuestionsTo receive full credit, please respond to one of the following questions. You must also respond to the posts of 2 other students.Question ATell us about yourself so you can meet and greet other fellow Grantham University students within your course. Include what you believe to be your current knowledge level of this course topic and what you hope to learn before the course is over.Question BCompare and Contrast Managerial Accounting and Financial Accounting. Be sure to discuss how managerial accounting is useful for providing information for at least one of the following management functions: planning, directing, controlling.Question CTo act ethically in accounting/business is only necessary to follow the law. Do you Agree or disagree? Give at least three specific reasons for your answer and provide at least one counter argument and rebut it.Week 2 Discussion QuestionsQuestion AProvide and discuss an example of a situation where a company would use a job cost sheet. As part of your analysis, be sure to explain the nature and importance of a job cost sheet.Question BDiscuss the advantages and disadvantages of Job Order Costing. Be sure to include specific examples of the advantages/disadvantages that you discuss.Week 3 Discussion QuestionsQuestion AWhat is the difference between operations costing and a process costing system? How does a company decide whether to use a job order or a process cost system?Question BHow does the treatment of costs differ in ABC systems as opposed to traditional cost systems?Week 4 Discussion QuestionsQuestion AWhat approach should be used to calculate the breakeven point of a company that has many products?Question BHow is the contribution margin per unit of limited resources computed?Week 5 Discussion QuestionsQuestion AWhat factors must management consider when deciding whether to continue using an asset, repair, or replace it?Question BIdentify the relevant costs in a make-or-buy decision and provide an example of each type of cost.Week 6 Discussion QuestionsQuestion ADiscuss the significance of recognizing the time value of money in the long-term impact of the capital budgeting decision.Question BDiscuss how the internal rate of return (IRR) method differs from the net present value (NPV) method. Be sure to include an explanation of what the IRR method is and what the NPV method is.Week 7 Discussion QuestionsQuestion AWhat is participative budgeting? What are its potential benefits? What are its potential disadvantages?Question BWhat is budgetary slack? What incentive do managers have to create budgetary slack?Discussion: Reflection and ReviewReview and reflect on what you learned in the past 8 weeks. What is the most practical and easily applied lesson you learned? What was the hardest to grasp? Why? What else do you need to know about Managerial Accounting?