How does the Balanced Scorecard measure how effectively your company is working its assets? A. Days...
How does the Balanced Scorecard measure how effectively your company is working its assets?
A.
Days of Working Capital
B.
Inventory Carrying Costs
C.
Product Count
D.
Plant Utilization
Homework Answers
Solution: Inventory Carrying Costs
Explanation: Days of Working Capital informs whether the current assets appropriate for the current liabilities; and thus assists the Balanced Scorecard to know on how effectively the company's assets are working.
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How does the Balanced Scorecard measure how effectively your
company is working its assets?
A.
Days...
Cardinal Corporation is preparing its balanced scorecard for the past quarter. The balanced scorecard contains four...
Cardinal Corporation is preparing its balanced scorecard for the
past quarter. The balanced scorecard contains four perspectives:
financial, customer, internal business process, and learning and
growth.
Cardinal Corporation
Balanced Scorecard Report
For Quarter Ended December 31
Perspective:
Goal
Objective KPI
Goal
Actual
Achieved?
Financial:
Customer:
Through its strategic management planning process,
CardinalCardinal
Corporation has selected two specific objectives for each of the
four perspectives; these specific objectives are listed in the
following table.
Specific Objective
1.
Increase sales of...
Asset management ratios are used to measure how effectively a firm manages its assets, by relating...
Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio Consider the following case: Polk Software Inc....
The customer perspective of the balanced scorecard approach a. evaluates the company from the viewpoint of...
The customer perspective of the balanced scorecard approach a. evaluates the company from the viewpoint of those people who buy its products or services. b. evaluates the internal operating processes critical to the success of the organization. c. is the most traditional view of the company. d. evaluates how well the company develops and retains its employees.
Asset management ratios are used to measure how effectively a firm manages its assets, by relating...
Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio. Consider the following case: Polk Software Inc....
Asset management ratios are used to measure how effectively a firm manages its assets, by relating...
Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio. Consider the following case: Polk Software Inc....
which of the following short term liquidity ratios measure how frequently a company collects its accounts? A- Days sales...
which of the following short term liquidity ratios measure how frequently a company collects its accounts? A- Days sales uncollected B- Days sales inventory C- Accounts receivable turnover D- Acid test ratio
paper company is evaluating its performance using the balanced scorecard method Which metric appropriately measures performance...
paper company is evaluating its performance using the balanced scorecard method Which metric appropriately measures performance from the financial perspective? O Company's return on assets O Costs of timber land owned by the firm Total retail and wholesale sales O Number of tons of paper produced NEXT > BOOKMARK CLEAR
Balanced Scorecard, Perspectives, Classification of Performance Measures Consider the following list of scorecard measures: Required: Classify...
Balanced Scorecard, Perspectives, Classification of Performance Measures Consider the following list of scorecard measures: Required: Classify each measure according to the following: perspective, financial or nonfinancial, subjective or objective, and external or internal. When the perspective is process, identify which type of process: innovation, operations, or post-sales service. a. Product profitability b. Ratings from customer surveys c. Number of patents pending d. Strategic job coverage ratio e. Revenue per employee f. Quality costs g. Percentage of market h. Employee turnover...
How does a negative working capital (current assets-current liabilities) reflect on the management of receivables and...
How does a negative working capital (current assets-current liabilities) reflect on the management of receivables and inventory?
Question 2 To measure how long it takes customers to pay their balances we would look...
Question 2 To measure how long it takes customers to pay their balances we would look at the Question 2 options: a) Inventory turnover ratio b) Current ratio c) Average collection period d) Receivables turnover Question 3 A company with a decreasing interest expense would see what change to its times interest earned? Question 3 options: a) An increase b) A decrease c) No change d) Cannot be determined Question 4 As...
Cardinal Corporation is preparing its balanced scorecard for the
past quarter. The balanced scorecard contains four perspectives:
financial, customer, internal business process, and learning and
growth.
Cardinal Corporation
Balanced Scorecard Report
For Quarter Ended December 31
Perspective:
Goal
Objective KPI
Goal
Actual
Achieved?
Financial:
Customer:
Through its strategic management planning process,
CardinalCardinal
Corporation has selected two specific objectives for each of the
four perspectives; these specific objectives are listed in the
following table.
Specific Objective
1.
Increase sales of...
Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio Consider the following case: Polk Software Inc....
Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio. Consider the following case: Polk Software Inc....
Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio. Consider the following case: Polk Software Inc....
paper company is evaluating its performance using the balanced scorecard method Which metric appropriately measures performance from the financial perspective? O Company's return on assets O Costs of timber land owned by the firm Total retail and wholesale sales O Number of tons of paper produced NEXT > BOOKMARK CLEAR
Balanced Scorecard, Perspectives, Classification of Performance Measures Consider the following list of scorecard measures: Required: Classify each measure according to the following: perspective, financial or nonfinancial, subjective or objective, and external or internal. When the perspective is process, identify which type of process: innovation, operations, or post-sales service. a. Product profitability b. Ratings from customer surveys c. Number of patents pending d. Strategic job coverage ratio e. Revenue per employee f. Quality costs g. Percentage of market h. Employee turnover...
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