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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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In the long run, the competitive firm's supply curve is the a. entire marginal-cost curve. b. portion of the marginal-cost curve

Mars2501 [29]

The long run will see the supply curve of a completive firm changing to the b. portion of the marginal-cost curve that lies above the average-total-cost curve.

<h3>What is the long-run supply curve in a perfect competition?</h3>

In a perfect competition, a company will only produce goods and services at a level where the marginal cost curve is above the average total cost in the long run.

This means that the supply curve will be the marginal cost curve but only the portion of this curve that is above the long-run average total cost curve.

The reason for this is that in the long-run., all the costs in a perfectly competitive firm are considered variable and so they can afford to avoid supply mishaps in the short term.

In conclusion, option B is correct.

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6 0

2 years ago

Select the examples that best demonstrate likely tasks for Science and Math workers.

Kazeer [188]

A, B, and C would best demonstrate the tasks.

7 0

3 years ago

Select the correct answer. If a company produces, promotes, and sells bags made of recycled paper, which concept is it using? A.

igomit [66]

Answer:

If a company produces, promotes, and sells bags made of recycled paper, which concept is it using?

The concept used by the company that produces, promotes, and sells bags made of recycled paper is societal marketing concept

Explanation:

This concept simply entails running of a long term interest which does not only suits customers wants alone but also makes the priority of the company paramount.

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3 years ago

Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 30,000 units follow

AnnyKZ [126]

Answer:

1. Variable cost per unit = $150

2. Markup percentage = 34.89%

3. Selling price = $202.33

Explanation:

Variable cost per unit = 70+40+25+15= $150

Fixed cost = 670,000+ 305,000 +285,000= $1,260,000

Fixed cost per unit = 1,260,000/30,000= $42

Profit per unit = <u>Targeted profit</u>

Targeted production unit

= <u>$310,000 </u> =$10.33

30,000

Markup percenge = <u>Fixed cost per unit + profit per unit</u>

Variable cost per unit

=<u>$42+ $10.33</u> = <u>52.33 </u>* <u>100</u> = 34.89%

$150 $150 1

Selling Price = Variable cost per unit + markup

= $150+$42+$10.33

= $202.33

Variable cost-plus pricing is calculated by determining variable costs per unit and adding mark-up which will cover fixed costs per unit and generate a targeted profit margin.

3 0

3 years ago

Read 2 more answers

Only one commercial bank in the banking system has an excess reserve, and its excess reserve is $400,000. This bank makes a new

Zarrin [17]

Answer:

money supply will increase by 2,400,000

Explanation:

the expansion f the money supply will be:

the money multiplier will be:

1/reserve ratio = 1/0.125 = 8

300,000 x 8 = 2,400,000

The reasoning for the multiplier effect is the following:

once the money is received, it will be used, and the person who receive the cash will deposit their proceeds.

This amount, can generate a new loan for, the remainder after subtracting the required reserve.

300,000 - 12.5% = 262,500

And this, once used will also end in a deposit. This opens the posibility for another loan, after reducing the reserve

262,500 - 12.5% = 229,687.5‬

This can be reapeat again and again and the limit for this is the formula state above:

multiplier effect = 1/reserve ratio

5 0

3 years ago