1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nignag [31]
3 years ago
14

Managerial accounting differs from financial accounting in that managerial accounting A. is required by Generally Accepted Accou

nting Principles​ (GAAP). B. emphasizes data relevance over data objectivity. C. tends to report on the company as a whole rather than segments of the company. D. is used primarily by external decision makers.
Business
1 answer:
snow_tiger [21]3 years ago
4 0

Answer:

The correct option is (b)

Explanation:

Managerial accounting is for internal purpose for the managers for decision making. It is not mandatory as per GAAP, unlike financial accounting. Transactions are recorded as per the understanding of managers and not as per specific standards,

Managerial accounting focuses on data being relevant and not necessarily objective. Since, it caters to internal users, it is customized as per their requirement. Financial accounting, on the other hand needs to be highly objective as it caters to a wider audience who need transparent and reliable financial information.

Therefore, managerial accounting focuses on data relevance over data objectivity.

You might be interested in
Ted purchased an annuity today that will pay $1,000 a month for five years. He received his first monthly payment today. Allison
victus00 [196]

Answer:

The correct option is E,Ted's annuity has a higher present value than Allison's

Explanation:

Both annuities do not have equal amount today as $1000 received today is higher in value terms than $1000 receivable in a month's time since cash receivable earlier is much more valued than the one receivable later.

Ted's annuity is an  annuity due not an ordinary annuity

Allison's annuity is an ordinary annuity not annuity due

Allison's annuity has a lower present value than Ted's and not the other way round.

The only correct statement is option E,since Ted is expected to receive $1000 today, his annuity has a higher present value compared to Allison's

7 0
3 years ago
Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the followin
borishaifa [10]

Answer:

1. a. A company records a loss of $70,000 on the sale of its outdated inventory. OPERATING ACTIVITY.

Operating activities have to do with the day to day operations of the business.

b. D and W Co. sells its last season's inventory to a discount store. OPERATING ACTIVITY.

This is also a day-to-day operation of the business so it falls under operating activities.

c. DigiIink Printing co. buys new machinery to ramp up its production capacity.  INVESTING ACTIVITY.

Investing activities have to do with the purchase and sale of capital assets such as financial assets in other companies or fixed assets. The machinery purchased here is a fixed asset so this will count as an investing activity.

d. Yum Brands distributes dividends to its common stockholders for the first. FINANCING ACTIVITY.

Financing activities have to do with the long term debt and equity of a company and this includes dividends so this falls under her.

2. Cashflow due to financing activities:

Cash Balance second year =  Cash Balance first year + Cash Flows From Operating Activities + Cash Flows From Investing Activities + Cash Flows From Financing Activities

280 = 180 + 1,053 - 576 + Financing activities

280 = 657 + Financing activities

Financing cashflow = 280 - 657

= -$377 million

6 0
3 years ago
After major hurricanes like Katrina, many ethical home repair and building supply businesses continue to charge pre-hurricane pr
cricket20 [7]

Answer:

Demand for home repair and building supply is INCOME ELASTIC

Explanation:

One reason why many ethical home repair and building supply businesses continue to charge pre-hurricane prices to their customers, even though due to the huge increase in demand they could charge much more. These firms probably recognize that demand for home repair and building supply is INCOME ELASTIC.

Although there was no direct fall in income however the loss of property means a negative impact on already earned income. Hence charging higher prices because of higher demand will be a misunderstanding of the income elasticity of demand.

8 0
3 years ago
Assume the price elasticity of demand (Ed) is 0.4 for gasoline in the long run. Some argue that we need a 50% reduction in gasol
dybincka [34]

Answer:

125%

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

Let x = percentage change in price

o.4 = 50 / x

x = 125

7 0
3 years ago
Leaders using the __________ style of leadership are only minimally involved in decision making and encourage group members to m
Alexeev081 [22]
<h2>Leaders using the "authoritarian leadership" are only minimally involved in decision making and encourage group members to make their own decisions.</h2>

Explanation:

  • Authoritarian leadership is also called Autocratic leadership.
  • They take little inputs from the group and has overall control and decision making power.
  • They do not accept advice from others
  • They do not trust others and try to rule everyone.
  • Most of the team members are not allowed to participate in any of the event and not even the immediate subordinate. Team members work like a robot.
  • It often outcomes only adverse effects.
8 0
3 years ago
Other questions:
  • On January 1, 2020, JWS Corporation issued $600,000 of 7% bonds, due in 10 years. The bonds were issued for $644,636, and pay in
    13·1 answer
  • Suppose that the raw daily oxygen purities delivered by an air-products supplier have a standard deviation σ ≈ .1 (percent), and
    15·1 answer
  • Ben Lieber is a waiter at Harbor House, where he receives a weekly wage of $80 plus tips for a 40-hour workweek. Lieber's weekly
    7·1 answer
  • You work for a bank as a business data analyst in the credit card risk-modeling department. Your bank recently conducted a bold
    5·1 answer
  • What is risk pooling???
    14·1 answer
  • A consumer is consuming at a point on her budget line. Her income is $50 a week, and she purchases hamburgers and grilled cheese
    11·1 answer
  • Renting a car and paying $15 per day plus $.03 per mile driven is an example of what type of cost?
    10·1 answer
  • Do you think that their economy will be strong when they have to write off debt from countries that have borrowed heavily from t
    5·1 answer
  • Beedle issued a 10-year bond to Aeron Company on 1/1/20x6. The bonds have a 6% annual interest rate and pay interest semi-annual
    5·1 answer
  • The __________ system is a free online service that allows employers to check the legal status of their employees.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!