ACC 410 Chapter 4: Chapter 4

• School: Ryerson University
• Department: Accounting
• Course: ACC 410
• Professor: Maurizio Di Maio

Document Summary

routine operating decisions are made on a regular schedule. For example, budgeting is often done once a year, product prices are reviewed and set regularly, and ongoing purchases of raw materials and other resources are commonly made. These types of decisions arise because we want to improve processes or because resource shortages occur or a customer wants special treatment. Identify the type of decision managers must make. we address problems more correctly and efficiently when we clarify the type of problem before jumping into an analysis. For example, if you need to make a decision about whether to buy a new car or keep the one you own, some costs are not relevant to the decision, such as parking fees at the university. quantitative information: is numerical information that is available for addressing a problem. To be relevant, cash flows must 1) arise in the future and 2) vary with the action taken www. notesolution. com.