Answer:
Financial accounting is the aspect of accounting that is concerned with the summary, analysis and reporting of financial transactions related to a business.
While managerial accounting is the aspect of accounting that is concerned with the identification, measurement, analysis, and interpretation of accounting information to help managers plan for the future, make decisions for the company, and determine if their plans and decisions were accurate and efficient.
1. Helps Creditors make lending decisions is related Financial Accounting.
2. Helps in planning and controlling operations is related to Managerial Accounting.
3. Is not required to follow GAAP is related to Managerial Accounting.
4. Has a focus on the future is related to Managerial Accounting.
5. Summary reports prepared quarterly or annually is related to Financial Accounting.
A certificate of deposits don't fluctuate is stays at a certain rate.
Answer:
a. 2.7%
b. From 6 to 9 years
Explanation:
a. The country’s trend rate of growth over this period is computed below:
= Total of growth rate ÷ time period
where,
Total of growth rate is
= 5% + 3% + 4% -1% -2% +2% + 3% + 4% + 6% + 3%
= 27%
And, the time period is 10 years
So, the trend growth rate is
= 27% ÷ 10 years
= 2.7%
b. The expansionary phase of the business cycle is from 6 years to 9 years as the growth rate is increased over this time period plus the growth rate is positive