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2 years ago

The area of accounting that provides managers inside the organization with information they need to make decisions is called:

1 answer:

3 0

The area of accounting that provides managers inside the organization with information they need to make decisions is referred to as "Management Accounting".

><span>Management Accounting is an </span>area of accounting that refers to providing information to support internal management decisions.

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________differentiation is a business strategy whereby firms attempt to gain a competitive advantage by increasing the perceived

Andreas93 [3]

Answer:

A) Product Differentiation

Explanation:

Product differentiation is referred as a strategy which companies or firms use to showcase the abilities which their products have and the competing product does not have. Some go as far as displaying an added advantage which their products have. Forms which this strategy can take may be through price of the product, reliability of the product or location of the product.

8 0

2 years ago

An asset is purchased on January 1 for $44,700. It is expected to have a useful life of five years after which it will have an e

Black_prince [1.1K]

Answer:

Gain of $2,780

Explanation:

Calculation to determine what The company will record If it is sold for $32,000 exactly two years after it is purchased

First step is to calculate the Annual depreciation expense using this formula

Annual depreciation expense = (Cost − Residual value) × (1 ÷ Useful life)

Let plug in the formula

Annual depreciation expense = ($44,700 − $6,000) × (1 ÷ 5)

Annual depreciation expense =$38,700× (1 ÷ 5)

Annual depreciation expense =$ 7,740

Second step is to calculate the Accumulated depreciation using this formula

Accumulated depreciation = Year 1 depreciation expense + Year 2 depreciation expense

Let plug in the formula

Accumulated depreciation = $7,740 +$7,740

Accumulated depreciation = $15,480

Now let calculate the Gain (loss) on disposal

Using this formula

Gain (loss) on disposal = Proceeds from sale − (Cost − Accumulated Depreciation at time of sale)

Let plug in the formula

Gain (loss) on disposal = $32,000 − ($44,700 − $15,480)

Gain (loss) on disposal =$32,000-$29,220

Gain (loss) on disposal=$2,780

Therefore If it is sold for $32,000 exactly two years after it is purchased, the company will record a GAIN of $2,780

5 0

2 years ago

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N O Unit sal

Xelga [282]

Answer:

Madison Corporation

The contribution margin per composite unit for the current sales mix is:

= $26.

Explanation:

a) Data and Calculations:

Products M N O

Current sales mix 3 1 2

Unit sales price $16 $11 $13

Unit variable costs 10 9 10

Unit contribution $6 $2 $3

Contribution margin per

composite unit $18 $2 $6

= ($6 * 3) ($2 * 1) ($3 * 2)

b) The contribution margin per composite unit is computed as the addition of the contribution margin per composite unit for each product. Each product's contribution margin per composite unit is calculated as the contribution per unit multiplied by the sales mix for each product.

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2 years ago

A concept that can be used to describe (how will government's money be spent)

jonny [76]

Governments money is usually spent for weapons or vaccines for sicknesses.

6 0

2 years ago

Ben bought a desk for $249.99. the sales tax rate was 6.25%. how much did ben pay for the desk? round your answer to the nearest

Lemur [1.5K]

Ben paid the value of the item + sales tax
Sales tax = 6.25% of worth of item.
Sales tax = (6.25/100) * 249.99 = $15.62.
Hence Ben paid $249.99 + $15.62 = $265.61
To the nearest cent he paid $265.60

3 0

3 years ago