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Olegator [25]
3 years ago
11

In order to be useful to managers, managerial accounting reports should possess all of the following characteristics except a.be

prepared to report information for any unit of the business to support decision making b.provide objective measures of past operations and subjective estimates about future decisions c.be prepared in accordance with generally accepted accounting principles d.be provided at any time management needs information
Business
1 answer:
lakkis [162]3 years ago
7 0

Answer:

c.be prepared in accordance with generally accepted accounting principles.

Explanation:

Managerial accounting involves the use of accounting information by managers to make business decisions, this aids in management and control functions in a business.

Managerial accounting does not follow normal generally naccepted accounting practice but is ather tailored to the needs of the user. It is focused on how managers can plan for the future, develop plans for the company, and check if their earlier decisions were accurate.

Financial accounting on the other hand focuses on following accounting standards in reporting financial activity of a business.

Examples of areas of application of managerial accounting include job order costing, process costing, understanding cost behaviour, operational budgeting, and so on.

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Vision and mission statements are extremely important for a company to convey its core values ​​to its employees, suppliers and customers. They help communicate the company's identity and provide direction and set goals that are fundamental to organizational success. They are considered the basis of an organization, <u>so it is not recommended that changes in vision and mission are frequent</u>, the reasons that justify the change <u>would be the change of the organizational focus and the evolution of the organizational objectives and expansion of the target audience.</u>

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3 years ago
Duerr Company makes a $69,000, 30-day, 10% cash loan to Ryan Company. The note and interest to be collected at maturity is: (Use
Dimas [21]

Answer:

the journal entry to record the loan:

E.g. January 1, 202x, loan made to Ryan Company

Dr Notes receivable 69,000

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the journal entry to record the collection of the note:

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Dr Cash 69,575

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4 0
3 years ago
The Blackburn Group has recently issued 20minus​year, unsecured bonds rated BB by​ Moody's. These bonds yield 443 basis points a
MArishka [77]

Answer:

Explanation:

First, convert the basis points to a percentage or decimal;

1 basis point = 0.01% or 0.0001 as a decimal

Then 443 basis points as a decimal will be;

443 *0.0001 = 0.0443 or 4.43% as a percentage

Next, since the BB bond is 4.43% above the U.S. Treasury yield of 2.76%, find the Yield to maturity(YTM) by adding the 4.43% to the 2.76%;

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4 years ago
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