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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.

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The common stock of the Avalon Corporation has been trading in a narrow range around $40 per share for months, and you believe i
Monica [59]

Answer:

C. Sell a straddle

Explanation:

Considering the following calculation: Sell a straddle = sell a put + sell a call

and,

Premium income for selling a straddle = (P + C )100 = ($3 + $4)(100) = $700.

a short straddle involves simultaneously selling a put option and call option with the same underlying asset, same exercise price and expiration date

By Selling a 3 month put option with exercise price of $40 one will get $3 (inflow of $3)

Simulatenously By Selling a 3 month call option with exercise of $40 one wiil get $4(inflow of $4)

Thus the total premium income of selling a straddle is $7

7 0
3 years ago
The two categories of cost comprising conversion costs are
Dmitry [639]

Answer:

b. direct labor and factory overhead

Explanation:

The conversion cost is that convert which is used to convert the raw material to the finished goods inventory. It is a combination of the direct labor cost and the factory overhead or manufacture overhead cost.

It can be fixed or variable marinating costs only. It does not include direct material cost

It is computed by taking a difference of production cost and raw material cost

Hence option b is correct

7 0
3 years ago
Fayol's Principles of Management provide an accurate description of what managers actually do on the job.​
ch4aika [34]

Answer:

b) false

Explanation:

This statement is false, because Fayol's management principles were an administrative methodology that provided for observing the facts of an organization and the experiment, being therefore principles that are unable to provide an accurate description of what managers do in the job.

Its management principles consist of: Division of Labor, authority, discipline, management unit, control unit, Subordination of individual interests to the common good, remuneration, centrality, hierarchy, order, equity, stability, initiative and team spirit.

He believed that this set of principles would lead to more effective management where the company would achieve greater efficiency through structural organization and the control and monitoring of functions.

6 0
3 years ago
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $315,000, total variable expenses were $239,400, an
gladu [14]

Answer:

Explanation:

1. What is the company’s contribution margin (CM) ratio?

= sales - variable cost/ sales

= $315,000 - $239,400/$315,000

= $75,600/$315,000

= 0.24 x 100

= 24%

2. What is the estimated change in the company’s net operating income if it can increase total sales by $1,100?

Net operating income

= sales - variable cost - fixed cost

= $315,000 - $239,400 - $39,000

= $36,600

Change in operating income

= $316,100 - $239,400 - 39,000

= $37,700

Contribution margin ratio

= $316,600 - $239,400/316,600

= $77,200/$316,600

= 0.24 x 100

= 24%

Estimated change

=Change in total sales x CMR

= $1,100 x 24%

= $264

6 0
3 years ago
On July 1, Year 4, Pell Co. purchased Green Corp. 10-year, 8% bonds with a face amount of $500,000 for $420,000. The bonds are c
gayaneshka [121]

Answer:

$21,800

Explanation:

The computation of 4-year revenue is as shown below:-

Bond Income of 4th Year = Face amount × Bond × 1 ÷ 2

= $500,000 × 8% × 1 ÷ 2

= $20,000

Interest Revenue = Bond Income + Amount of Discount Amortized

= $20,000 + $1,800

= $21,800

Therefore for computing the interest revenue we simply bond income with the amount of discount amortized.

6 0
3 years ago
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