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1 year ago

The purposes of managerial accounting are to provide useful information to aid in?

1 answer:

6 0

The purposes of managerial accounting are to provide useful information to aid in "calculating the costs of a company's goods and services, planning for future activities, and comparing actual to planned results."

<h3>What is managerial accounting?</h3>

Managerial accounting is the method of identifying, assessing, analyzing, analyzing, and communicating financial data to executives in order to help them achieve the goals of their organization.

Some key points regarding the managerial accounting are-

Managerial accounting differentiates from financial accounting in that its intended purpose is to assist users within the organization in making well-informed strategic decisions.
Unlike financial accounting, managerial accounting techniques are not governed by accounting standards.
The demonstration of managerial accounting information can be tailored to the needs of the end user.
Managerial accounting includes many aspects of accounting, such as product costing, financial planning, forecasting, and financial analysis.
Financial accounting, on the other hand, generates and disseminates formal financial statements for mass consumption that adhere to current accounting standards.

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A. Envelopement

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3 years ago

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b. Financing activities.

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2 years ago

Deadweight loss is the a. decline in government revenue when taxes are reduced in a market. b. decline in consumer surplus when

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Answer:

D, decline in total surplus that results from a tax.

Explanation:

Dead-weight loss is also known as excess burden. It is a situation where in there is a loss of economic sufficiency as a result of tax.

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To calculate dead-weight loss, change in price as well as change in quantity demanded are important factors to consider.

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3 years ago

Read 2 more answers

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It could take a long time for prices to adjust by market forces alone.

Explanation:

Based on the information provided within the question it can be said that the the government would want to do this mainly due to the fact that It could take a long time for prices to adjust by market forces alone. Therefore by using expansionary fiscal policy they would speed this process up and get prices adjusted in a much shorter time-frame.

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3 years ago