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2 years ago

Managerial accounting is governed by generally accepted accounting principles (gaap). a. true b. false

Business

1 answer:

diamong [38]2 years ago

3 0

This is a False Statement.

Generally Accepted Accounting Principles (GAAP) need not be followed by managerial accountants when preparing management reports.

Specifically, management accounting aims to

provide Information for internal Organisation managers

providing details to governmental regulating bodies

Information for shareholders, the accounts payable department, and other parties outside the company

information to shareholders, accounts payables, and other parties outside the company, as well as information to management inside the firm.

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You've found organically grown, purple tulips and have decided to add them to a delicate pear and butter leaf salad at the eveni

RideAnS [48]

The answer is B. because its the only won that would work to keep the flower from drying out

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3 years ago

Read 2 more answers

in fighting ambushing marketing, who should be responsible, the host venue or organizer or the sponsoring brands?

snow_tiger [21]

During the most recent soccer tournament made headlines. This note defines ambush marketing, details how businesses can breaking ambush marketing regulations developing marketing strategies.

Ambush advertising occurs when an organization that isn't a political tournament candidate sponsors an event (like a sporting competition or music ambush marketing festival) and engages in promotional activities in an effort to establish an association with the event or to take advantage of the event's profile without the owner's consent.

For instance, if a retailer of consumer goods on the high street published an advertisement for "World Cup WAG handbags" or "Olympic Special ambush marketing Offer: two for one sports gear," readers might assume that the company has some connection to the world Cup or the Olympics.

Because they must protect the value of their own commercial rights in tournament the event and because they may have chosen official sponsors (possibly direct competitors of the advertiser) who have paid significant sums for the exclusive rights to be formally associated with the event, event owners frequently respond angrily to ambush advertising.

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7 0

1 year ago

Once implemented, managers need ________ to keep strategic plans on track.

kirill115 [55]

To keep strategic plans on track manager needs to utilize control system

Control system can as well be regarded as Strategic control, this process is been utilized by the manager of the organization to control the formation as well as to execute strategic plans.

it can be regarded as a specialized form of management control,

However, control system could be a reactive or a proactive control.

Reactive management control can be regarded as one whereby, managers find a way to solve the problems once it arises,.

proactive management control is when there has been a plan ahead so as to avoid or manage problems.

Therefore, manager need to be able to be in control of the management.

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3 0

3 years ago

You have the following price for a stock for several recent years. Assume that the stock pays no dividends Beginning of year pri

Nuetrik [128]

Answer:

a. 2005 2006 2007 2008

Holding period return 10% -7.27% 5.88% -100

b. Geometric average return = -100

c. Dollar weighted return= -2.70%

Explanation:

Holding period return = $\frac{income+(end period value - original value)}{original value}$

= $\frac{o + ( 55 - 50)}{50}$ * 100

= 10%

geometric average return = (( 1+r)*(1+r2)*(1+r3)*(1+r4))^1/4 - 1

dollar weighted return = (initial investment + additions) / (initial investment -withdrawals)

= ( 5000+ 2750)/(5000-3825-4050)

= 7750/-2875

4 0

3 years ago

Quick-as-Lightning, a delivery service, purchased a new delivery truck for $40,000 on January 1, 2019. The truck is expected to

stich3 [128]

1. $3,700

2. $8,000 and $6,400

3. $5,120

The computation of the depreciation expense for the years are shown below:

1) Straight-line method:

= (Original cost - residual value) ÷ (useful life)

= ($40,000 - $3,000) ÷ (10 years)

= ($37,000) ÷ (10 years)

= $3,700

In this method, the depreciation is same for all the remaining useful life

So for year 2019 and 2020 the same depreciation expense i.e $3,700 is charged separately for each year

(2) Double-declining balance method:

First we have to find the depreciation rate which is given below:

= One ÷ useful life

= 1 ÷ 10

= 10%

Now the rate is double So, 20%

In year 2019, the original cost is 40,000, so the depreciation is $8,000 after applying the 20% depreciation rate

And, in year 2020, the depreciation is

= ($40,000 - $8,000) × 20%

= $6,400

3) For 2021, it would be

= ($40,000 - $8,000 - $6,400) × 20%

= $5,120

Basically we applied the above formulas

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8 0

2 years ago