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1 year ago

What are the major differences between financial and managerial accounting?

1 answer:

7 0

The major differences between financial and managerial accounting are based on reporting focus, frequency, etc. which are explained in the attached image.

Financial accounting and managerial accounting (also known as management accounting) are not the same things.

While both types of accounting deal with numbers, managerial accounting is only used within the company.

Financial accounting, on the other hand, is primarily concerned with the collection of accounting data in order to generate financial statements.

A financial accounting system is designed for external decision-makers like investors, regulators, and creditors, whereas a managerial accounting system is designed for internal decision-makers like managers.

Hence, financial accounting and managerial accounting are different from each other.

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Answer:

WACC = 11.45 %

Explanation:

Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund

WACC = (Wd×Kd) + (We×Ke) + (Wp × Kp)

After-tax cost of debt = Before tax cost of debt× (1-tax rate)

Kd-After-tax cost of debt = 11.1%(1-0.4) =6.66%

Ke-Cost of equity = 14.7%

Kp= Cost of preferred stock = 12.2%

Wd-Weight of debt =100/270=0.370

We-Weight of equity = 140/270=0.518

Wp= weight of preferred stock = 30/270=0.111

WACC = (0.518× 14.7%) + (0.370 × 6.7%) + (0.111×12.2) = 11.447%

WACC = 11.45 %

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3 years ago

What are some ways that technology could be used to benefit learners of a culture?

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Answer:

Removes cultural and language barriers.

For students who may struggle to fit in, technology tools provide a way to engage and equalize—web tools, cameras, word processors, software, can help create opportunities for independence and inclusion.

Explanation:

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2 years ago

John’s home is up for sale. He originally bought it five years ago for $300,000. Its current value is $350,000. His real estate

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Answer:

Market value

Explanation:

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In this scenario John originally bought his five years ago for $300,000. Its current value is $350,000. His real estate agent notified him that a buyer just made an offer on his home for $365,000.

Despite the house now being $350,000, $365,000 is the market price at which the buyer and seller are willing to settle.

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3 years ago

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To
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4 years ago

Read 2 more answers

Ellen used a coupon at a restaurant for a certain percent discount of the meal. What percent discount did she receive?

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Answer:

The question is not clear, but it is assumed that the discount is a rate previously established on the coupon. This can be 10%, 15%, 20%, 25%, etc. For this reason no calculations are made to determine the relationship between what is requested in the question and what Ellen could actually receive as a benefit.

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3 years ago