What is the primary criterion for the preparation of managerial accounting reports?
Answered by The WikiAnswers® Community
Making the world better, one answer at a time.
meet managers need
4 people found this useful
Was this answer useful?
YES SOMEWHAT NO
Sponsored Content
Stephen Hawking's Prediction Shocked Everybody
Stephen Hawking's Prediction Shocked Everybody
ca.popnewsdeluxe.com
10 Things Science Can’t Explain
10 Things Science Can’t Explain
DailyForest
5 Books That Will Change Your Life
5 Books That Will Change Your Life
Blinkist Magazine
21 Places On Earth You're NOT Allowed To Visit...Ever
21 Places On Earth You're NOT Allowed To Visit...Ever
Viral Vinny
Recommended by
Answered by The WikiAnswers® Community
Making the world better, one answer at a time.
What is Managerial accounting?
Answered in BUSINESS & FINANCE
What is Managerial accounting?
Managerial accounting is different to financial accounting because it is the one called cost accounting. It is the process in which it is needed to identify, measure, anal… (MORE)
1 person found this useful
Answered by The WikiAnswers® Community
Making the world better, one answer at a time.
Should accountants only focus on financial statements and not on production of managerial reports?
Answered in BUSINESS ACCOUNTING AND BOOKKEEPING
Should accountants only focus on financial statements and not on production of managerial reports?
Answer:
Final Value= $61,037.04
Explanation:
Giving the following information:
Investment= $2,378 in a bank at the end of every year for 10 years.
The company makes no deposits during the subsequent 5 years.
Interest rate= 10%
First, we need to calculate the first 10 years.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,378*[(1.1^10)-1]} / 0.1
FV= $37,899.20
Now, the 5 years:
FV= PV*(1+i)^n
FV= 37,899.2*(1.1^5)
FV= $61,037.04
Answer:
a. less wealthy and they buy less.
Explanation:
we are assuming a situation where the price level rises (inflation rises), so anyone holding cash will be able to purchase a smaller amount of goods with the same amount of cash simply because the goods are more expensive. E.g. you purchased 10 goods with $100, but if the inflation rate increases to 10%, you will be able to purchase only 9 goods with the same $100. As inflation rises, people holding cash (or other monetary form) will lose wealth and purchasing power.
Answer: centralized
Explanation:
Based on the information given in the question, we can infer that McCoy operates a centralized department.
This is a centralized department because McCoy takes the decisions in the organization. In a centralized department, the organizational structure is such that the power regarding the decision is confined to top management, while the followers just follow the instructions
