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3 years ago

Which of the following groups would have access to managerial accounting information?a. bankers.

Business

1 answer:

Liono4ka [1.6K]3 years ago

8 0

Answer:

Explanation:

Those that have access to managerial accounting information are known as internal users of accounting information. They include :

managers
owner
employees

Those that do not have access to managerial accounting information are known as external users of accounting information. They include :

a. bankers.

b. investors.

c. regulatory bodies

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Assume a company makes only three products, B, C, and D:

Vsevolod [243]

Answer:

d) $13

Explanation:

contribution margin per unit:

product B = $45
product C = $39
product D = $25

contribution margin per machine hour:

product B = $45 / 2.5 = $18
product C = $39 / 3 = $13
product D = $25 / 1.25 = $20

the company should first produce 800 units of product D and use 1,000 machine hours. Then it should produce 680 units of product B using 1,700 machine hours. In order to produce the remaining 20 units of product B and the 600 units of product C, the company must rent machine hours and the maximum possible price per hour is $13 (contribution margin per machine hour product C).

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2 years ago

True or false: The loss on the sale of a principal residence is classified as a deductible capital loss.

nadezda [96]

The answer is true not false

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2 years ago

Freitas Corporation was organized early in 2021. The following expenditures were made during the first few months of the year: A

goldfiish [28.3K]

Answer:

Dr Organization costs ($12,000 + $3,000) 15,000

Dr Patent ($20,000 + $2,000) 22,000

Dr Equipment 30,000

Dr Preopening expenses 40,000

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Explanation:

Organization costs are the initial costs incurred to start a business. They include attorney fees, and any other legal and registration fees required by both municipal state and federal government.

Any fees related to the purchase of the patent, e.g. commissions paid or attorney fees must be included in the purchase cost of the patent.

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3 years ago

On March 1, Young Co. borrowed $1,000 by extending their past-due account payable with a 120-day, 6% interest-bearing note. On J

tamaranim1 [39]

Answer:

This entry would be recorded by Young with a credit to cash account in the amount of $1,020.

Explanation:

The complete journal entry for June 29 should be

Dr Notes Payable account 1000
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The total interest due = $1,000 x 6% x 4/12 =$20

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All expenses are debited.

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3 years ago

An increase in the firm's WACC will decrease projects' NPVs, which could change the accept/reject decision for any potential pro

STatiana [176]

Answer:

False

Explanation:

The first part was true. A higher WACC results in a lower NPV simply because a higher discount rate results in a lower present value.

E.g. 100 / (1 + 6%)³ = 83.96, but if we increase r to 10%, then 100 / (1 + 10%)³ = 75.13

The second part is wrong because under the IRR method, the decision rule is very simple, all projects are accepted if their IRR is higher than the project's WACC (or discount rate). I.e. if hte project's WACC increases, so does the chance of the project being rejected because the IRR might be lower than the WACC.

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3 years ago