Final Exam Review Flashcards
A Planning Budget estimates
Projections
Flexible Budgets projects
Actual
Margin
Net Operating Income / Sales
Turnover
Sales / Average Operating Assets
ROI
Net Operating Income / Average Operating Assets
ROI
Margin x Turnover
Residual Income
Net Operating Income - (Average Operating Assets x Minimum Required Rate of Return
Manufacturing Cycle Efficiency
Value Added Time / Throughput Time
Value Added Time equals
Process Time
Throughput Time
Process Time + Inspection Time + Move Time + Queue Time
Delivery Cycle Time
Wait Time + Throughput Time
Payback Period
Investment Required / Annual Net Cash Inflow
Factor for Internal Rate of Return
Investment Required / Annual Net Cash Inflow
Profitability Index
Net Present Value / Investment Required
Simple Rate of Return
Annual Incremental Net Operating Income / Initial Investment
