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
Ugo [173]
3 years ago
13

Select the correct statement regarding managerial and financial accounting. Multiple Choice Timeliness is more important in fina

ncial accounting than in managerial accounting. Both managerial and financial accounting use economic and physical data in addition to financial data. Users of managerial accounting information desire greater aggregation than do users of financial accounting information. Financial accounting is more highly regulated than managerial accounting.
Business
2 answers:
rusak2 [61]3 years ago
5 0

Answer:

Financial accounting is more highly regulated than managerial accounting.

Explanation:

Financial accounting is highly regulated and follows laid down principles that must be followed. International Financial Reporting Standard (IFRS) and Generally Accepted Accounting Principles (GAAP) are two examples of regulatory guidelines for financial accounting.

On the other hand managerial accounting is flexible and tailored to the manager's needs.

It must not follow the strict guidelines of financial accounting. This is because managerial accounting is used internally by a company and is not subject to public scrutiny.

tigry1 [53]3 years ago
3 0

Answer: Financial accounting is more highly regulated than managerial accounting.

Explanation:

Financial Accounting is meant to provide information about a company to stakeholders which includes investors, potential investors, creditors and the like. For this reason, it is quite regulated. In the US, the GAAP governs Financial Accounting and guides how information should be accounted and presented and in the rest the world IFRS is usually used. This shows how regulated Financial accounting is.

Managerial Accounting on the other hand is meant to provide information based on the figures on how a company can take advantage of the numbers. They are therefore less regulated and can involve tests that cannot be done in financial accounting. Managerial Accounting is not even regulated by GAAP.

You might be interested in
When is owning a car a better option than leasing a car?
earnstyle [38]
You can sell it later. if you lease, you are paying money for someone else's car. say you can buy a car for 20thousand or lease for 1000 per month. after 20months, you would have paid the exact same amount, except if you bought the car, you now have an asset tht can be sold.
6 0
3 years ago
Yeager Corporation has used regression analysis to perform price elasticity analysis. In doing so management regressed the quant
Olegator [25]

Answer:

b). 72.458 %

a). 24, 213

Explanation:

1). The second option i.e. 72.458% correctly measures the variance percentage brought in the dependent variable(regressed the quantity demanded) by manipulating the independent variable(price elasticity). The first option is wrong as it shows R multiple which is rather the coefficient. The third and the last options are incorrect as they display the intercept employed to determine the quantity and the key error of calculating the standard deviation.

2). The predicted quantity demanded would be 24,213 if the price is fixed at $7.00.

It can be calculated using the formula;

Quantity demanded = Intercept + (Adjusted R squared * Price coefficient)

∵ Quantity Demanded = 56,400.50 + (7 X -4,598.2)

= 24,213

7 0
3 years ago
Oakley Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $32,100. If
Murrr4er [49]

Answer: $2100

Explanation:

From the question, we are informed that Oakley Company does not ring up sales taxes separately on the cash register and that the total receipts for February amounted to $32,100 and the sales tax rate is 7%.

The amount that must be remitted to the state for February's sales taxes will be:

= $32,100/(1+7%) × 7%

= $32100/(1 + 0.07) × 0.07

= $32100/1.07 × 0.07

= $2100

7 0
3 years ago
Neal joins Filestene Inc. as an executive designer. The HR manager informs him that he will have to join the labor union within
Gnesinka [82]

Answer: (E) Union shop

Explanation:

 The union shop arrangement is refers to the process in which we require the number of workers for join and also participate in the specific union and it is also called as the post entry or the closed shop.

The workers or the union representatives also providing the various types of benefits in the specific time period. Depending on the different protection level the trade unions are varying nation to nations.

According to the given question, the Neal's human resource manager is basically referring to the union ship that is related to the union membership.    

Therefore, Option (E) is correct answer.  

7 0
3 years ago
The Earned Income Credit is one alternative to____controls.
nevsk [136]

The Earned Income Credit is one alternative to PRICE controls

7 0
3 years ago
Other questions:
  • Franklin Co. had 10 units of an inventory item on hand at the beginning of the current year, each of which had a per-unit cost o
    9·1 answer
  • Jeff and Ryan rent a house from Mike and Yolanda Reynolds. They are three months behind in their rent and neighbors have been co
    15·1 answer
  • What to do with office space to make money? How would you arrange them?
    5·1 answer
  • You can assume that all fluids you will reason about in this course are incompressible. what does incompressible mean?
    14·1 answer
  • A ledger: Select one:
    8·1 answer
  • _____ pricing occurs when the price of each unit as a multi-unit package of the same item is less than the price of each unit if
    8·1 answer
  • Bill Broker prints an office policy that says he requires a security deposit of "$350 for whites and $500 for blacks" in his are
    14·1 answer
  • What is one difference between what a Computer Programmer and an Information Support Specialist does?
    10·2 answers
  • True or False: Wages in the auto manufacturing industry would be greater than those in the aircraft manufacturing industry.
    6·1 answer
  • How can setting goals help me get some of the things I need or want?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!