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Eva8 [605]
3 years ago
9

In each of the following situations, identify whether the setting is primarily financial accounting or management accounting.

Business
1 answer:
Volgvan3 years ago
3 0

Answer:

a. Managerial Accounting

b. Financial Accounting

c. Financial Accounting

d. Managerial Accounting

Explanation:

Managerial accounting also known as management accounting is the practice of decision making, identifying, planning, analyzing, interpreting, and providing expert financial information to managers for the sole purpose of achieving an organization's goals.

Financial accounting is the process of analyzing and preparing financial statements as a financial report for use by the public or external users such as investors, suppliers and clients.

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an employee is taking cash and making up the difference by holding the deposit until the next cash receipts are received. the be
PtichkaEL [24]

An employee altering accounts receivables to conceal stolen cash is a fraudulent practice known as a "lapping scheme."Using a subsequent receivables payment from a transaction, such as a sale, to cover the theft is the strategy.

Is it fraud to steal cash receipts?

The majority of receipt fraud is committed by an organization's employees. It could occur if incoming cash or checks are stolen, or if customer debt records are altered in exchange for cash rewards or other incentives. Action Fraud should be notified of any fraudulent activity.

What is the term for when staff at a client take cash from the bank?

Using company or client assets for personal gain is known as asset misappropriation. Another name for this is "stealing." Asset misappropriation can be broken down into two main categories: non-cash and cash.

Learn more about accounts receivables here:

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7 0
1 year ago
Jordan gets confused and uses his credit card to get $40 in cash from an ATM instead of using his debit card. Based on this agre
Fofino [41]

The impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.

Simply put, a Credit Card are offered to people by banks for purpose of making purchases or cash advances and requires them to pay back the loan amount in the future.

However, a Debit Card is quite different because it is issued by banks to an account-holder or facilitate easy withdrawal from his/her account through the ATM or at any Point of Sales.

Now, Jordan can use his Credit Card as well but he will be required to pay back the amount he withdrew with an extra Credit charges.

Therefore, in conclusion, the impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.

Read more about these Card here

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8 0
3 years ago
The right of ___ is when businesses can compete against each to sell their goods and services to buyers.
Harman [31]

The right of ___ is when businesses can compete against each to sell their goods and services to buyers.

I believe it is the right of ||competition|| because it is when businesses ||compete|| against eachother.

3 0
3 years ago
Read 2 more answers
EA8. LO 8.3Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of la
kondaur [170]

Answer:

Standard cost per hour= $3.75 per hour

Explanation:

Giving the following information:

It requires 2 hours of labor to produce 1 unit of final product. In February, Queen Industries produced 12,000 units. The standard cost for labor allowed for the output was $90,000.

We need to determine the standard cost per hour.

Number of hours= 12,000*24,000

Standard cost per hour= 90,000/24,000= $3.75 per hour

7 0
4 years ago
You work for an auto manufacturer and distributor. How could you use information systems to
lawyer [7]
  • We can create a website wherein customers may adapt autos or talk using support personnel as well as other car owners.
  • Users may establish an automated e-mail service to remind automobile owners to check their cars often.
  • It could include a system of information that monitors local client preferences so that vehicles that represent the requirements and wishes of local customers are provided.
  • It can be a company that invests in data techniques that allow it to manufacture new products or effectiveness inside its distribution network, thereby making it a low-cost producer.
  • Data system to improve communication with suppliers and optimize the supply chain for operational excellence.
  • It could assist managers in communicating more effectively with workers, enable item technical development, eliminate cost warehousing or simplify delivery.

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4 0
3 years ago
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