Business Finance
ACCT 301 SEU Accounting of Saudi Telecom Company Questions

ACCT 301

Saudi electronic university

ACCT

Question Description

I’m working on a Accounting exercise and need support.

all the question in the world file

i have 4 question

cost account


this is the first question

q1: Provide example of one Saudi Company and analyze the steps that the managers in this company can take to achieve its vision and use core competencies.

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Page 1 of 3 Q1 Provide example of one Saudi Company and analyze the steps that the managers in this company can take to achieve its vision and use core competencies. (1 Mark) Answer: Q2 The following data were obtained from the accounting information system of Attawfik Corporation: Units Total Cost Month Produced January 60 SAR1,533.4 February 50 1,300 March 80 2,000 April 30 833.5 a. Use the data for February and March and the two - point method to determine a cost function. b. Use the high - low method to determine a cost function. C. How do you think that a cost function may provide poor estimates of future costs? (1 Mark) Answer Q3 a. Analyze the following Graph and the breakeven point and discuss how this analysis is used for decision making? Page 2 of 3 b. If fixed costs are $400,000, selling price per unit is $150, and variable cost per unit is $100, how many units must the company sell in order to earn a profit of $ 100,000? (1 Mark) Answer Q 4 Which types of companies would most likely use a process costing system and which types of companies would use job costing? Provide examples of two Saudi Companies. Explain the methods with which the cost per unit will be calculated for each type of company using numerical example. (2 Marks) Answer Page 3 of 3 ...
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Final Answer

Attached.

Q1 Provide example of one Saudi Company and analyze the steps that the managers in this
company can take to achieve its vision and use core competencies. (1 Mark)
Answer:
Saudi Telecom Company.
Saudi Telecom Company can use competency-based approach in order to achieve its vision.
Competency-based approach is based on the company’s primary goal of defining the critical
behaviors that are needed in order to ensure effectiveness and superior organizational performance.
These competence-based behaviors are observable, measurable, and attainable which means that they
are easily imitated. The competencies often depict an underlying intent, which is driven by the basic
motivation of the person, their values and attitudes. This means that individual competencies can be
shaped such that it is in line with the Saudi Telecom Company vision and mission. This can be through
formalization of how things are done and setting Saudi Telecom Company culture that foster specific
behavior and the acquisition of the competencies.

Q2 The following data were obtained from the accounting information system of Attawfik
Corporation:
Units
Total Cost
Month
Produced
January
60
SAR1...

Anyoso (497)
UT Austin

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