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and Rajan, M. (2014). Managerial Accounting. (1st ed.). Boston: Pearson Prentice Hall
Appendix A
Appendix B
5-Step Critical Thinking Decision-Making Process Matrix
Step 1: Identify the problem(s) and uncertainties.
What exactly is the problem…
(Study the problem to clarify what you need to know to solve it. Distinguish problems over which you have some control from problems over which you have no control. Pay special attention to controversial issues in which it is essential to consider multiple points of view.)
The manager of Shamrock Manufacturing is planning replacing of large piece manufacturing equipment that Shamrock uses in production process with a more efficient model. The manager is hesitating of this decision, although the representative of Darien Engineering made some compelling arguments in favor of replacing the 3-years old equipment.
The problem is this …
(Write out the problem clearly and precisely, with details. Write the problem in different ways until you get it perfectly clear in your mind.)
The replacement of the equipment promises reducing the direct manufacturing costs and electricity costs. The new equipment costs $90,000 and will have 2-years useful life.
This is an important problem …show more content…
(8 points)
Discusses the decision that would be made in years one and two and demonstrates solid ability to accomplish the assignment.
(9-10 points)
Discusses whether the decisions would be different for years one and two compared to the initial cost of the new equipment.
Vaguely discusses whether the decisions would be different for years one and two compared to the initial cost of the new equipment or completely off the topic.
(0-7 points)
Discusses whether the decisions would be different for years one and two compared to the initial cost of the new equipment and, for the most part, fulfills assignment requirements.
(8 points)
Discusses whether the decisions would be different for years one and two compared to the initial cost of the new equipment and demonstrates solid ability to accomplish the assignment.
(9-10 points)
Recommends if the company should keep or replace the equipment and why.
Vaguely recommends if the company should keep or replace the equipment and why or completely off the topic.
(0-11 points)
Recommends if the company should keep or replace the equipment and why and, for the most part, fulfills assignment
Appendix A
Appendix B
5-Step Critical Thinking Decision-Making Process Matrix
Step 1: Identify the problem(s) and uncertainties.
What exactly is the problem…
(Study the problem to clarify what you need to know to solve it. Distinguish problems over which you have some control from problems over which you have no control. Pay special attention to controversial issues in which it is essential to consider multiple points of view.)
The manager of Shamrock Manufacturing is planning replacing of large piece manufacturing equipment that Shamrock uses in production process with a more efficient model. The manager is hesitating of this decision, although the representative of Darien Engineering made some compelling arguments in favor of replacing the 3-years old equipment.
The problem is this …
(Write out the problem clearly and precisely, with details. Write the problem in different ways until you get it perfectly clear in your mind.)
The replacement of the equipment promises reducing the direct manufacturing costs and electricity costs. The new equipment costs $90,000 and will have 2-years useful life.
This is an important problem …show more content…
(8 points)
Discusses the decision that would be made in years one and two and demonstrates solid ability to accomplish the assignment.
(9-10 points)
Discusses whether the decisions would be different for years one and two compared to the initial cost of the new equipment.
Vaguely discusses whether the decisions would be different for years one and two compared to the initial cost of the new equipment or completely off the topic.
(0-7 points)
Discusses whether the decisions would be different for years one and two compared to the initial cost of the new equipment and, for the most part, fulfills assignment requirements.
(8 points)
Discusses whether the decisions would be different for years one and two compared to the initial cost of the new equipment and demonstrates solid ability to accomplish the assignment.
(9-10 points)
Recommends if the company should keep or replace the equipment and why.
Vaguely recommends if the company should keep or replace the equipment and why or completely off the topic.
(0-11 points)
Recommends if the company should keep or replace the equipment and why and, for the most part, fulfills assignment