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yaroslaw [1]
1 year ago
15

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

Business
1 answer:
yuradex [85]1 year ago
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.

To know more about the managerial accounting, here

brainly.com/question/27823997

#SPJ4

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Personalized products is a small manufacturing firm specializing in custom-order tool and die work. a computerized accounting sy
sashaice [31]

Personalized products are a small manufacturing firm specializing in custom-order tool and die work. a computerized accounting system would help personalized products by helping management identify cash flow and other financial difficulties more quickly.

Customizing items to suit clients' unique requirements and preferences is known as product personalization. These personalized products may be made-to-order utilizing a conventional production process with a variety of options offered within existing parameters or they may be specially manufactured items made for a particular customer.

The majority of customers are more inclined to make purchases from a merchant who offers more pertinent messages, recommendations, and incentives as well as experiences that are more catered to their unique interests.

The company will be able to provide more items than was previously possible thanks to quicker updates, shorter time-to-market, and improved business procedures using automated and collaborative workflows.

To learn more about product personalization refer to:

brainly.com/question/15006525

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8 0
2 years ago
What is the purpose of using predetermined overhead rates: Variation in cost assignment due to short-term variations in volume c
Sunny_sXe [5.5K]

Answer:

All of the answers are correct.

Explanation:

At the beginning of the accounting period a pre-determined overhead is computed by dividing the estimated overhead production by the estimated basis of operations. The default overhead rate is then applied to manufacturing, so that the standard cost for a product may be calculated

The purpose of using pretermined overhead rates are

Delays in product costing can be avoided

Variation in cost assignment due to seasonality can be prevented

Variation in cost assignment due to short-term variations in volume can be prevented

The Use of predetermined overhead rates serves all the above purposes

Hence, all answers are correct.

6 0
3 years ago
Where do the prime minster lives
Tems11 [23]

Answer:

of which country!!!!!!!!!!!!!!!!!!!

The Prime Minister's official residence is 10 Downing Street; the Chancellor's official residence is Number 11. The government's Chief Whip has an official residence at Number 12. In practice, the individuals involved may live in different flats; the current Chief Whip actually lives at Number 9.

7 0
3 years ago
Serendipity Inc. is re-evaluating its debt level. Its current capital structure consists of 80% debt and 20% common equity, its
Dmitriy789 [7]

Answer:

8.76%

Explanation:

Using the CAPM formula:

Ke = Rf + Beta Factor * Risk premium

Here

Rf is 5%,

Beta Factor is 1.6

And

Risk Premium is 6%

By putting values, we have:

Ke = 5% + 1.6 * 6%

Ke = 14.6%

Now we will find new firm's cost of equity under 40% debt by simply multiplying it with the equity percentage:

Weighted Cost of Equity = 14.6% * 60% = 8.76%

8 0
3 years ago
Bobby decides to sell lemonade on a hot summer day. If Bobby sells 20 glasses of lemonade for $0.20 per cup, and his average tot
MAXImum [283]

Answer:

c. $0.6

Explanation:

The economic profit is the difference between total income and total cost. The total cost is the multiplication of the average cost by the number of sold glasses.

Total income = 20 * 0,2 = 4

Average cost = 0,17

Total cost = 0,17 * 20 = 3,4

Economic profit = Total income - total cost = 4 - 3,4 = 0,6

4 0
3 years ago
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