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Allisa [31]
3 years ago
14

True or false: The main purpose of both financial and managerial accounting is similar in that both aim to provide relevant info

rmation to its users.
Business
1 answer:
Ivan3 years ago
7 0

Answer: True

Explanation:

Even though Financial and Managerial accounting differ in the type of people who use it with Financial being used both internally and externally and Managerial being used internally, the main purpose is to provide relevant information to it's users.

Managerial accounting concerns analyzing and interpreting financial as well as other data so that the management can make informed decisions about their course of action.

Financial Accounting on the other hand provides the public with financial data on a company so that they may know whether to invest. Either way, they are both providing relevant information to users.

You might be interested in
The 2016 financial statement of Willamette Valley Vineyards reported Net revenues of $19,425,412 and Cost of goods sold of $7,20
Sonja [21]

Answer:

Option B : 0.64

Explanation:

Inventory Turnover 2016 = COGS÷ Average Inventory

Inventory Turnover 2016= 7,204,884 ÷ Average Inventory

Average Inventory = <u>Opening Inventory + Closing Inventory</u>

                                                             2

Average Inventory = <u>11,970,656 + 10,632,462</u>

                                                 2

Average Inventory = 11,301,559

Inventory Turnover 2016 = 7204884 ÷ 11301559

Inventory Turnover 2016 = 0.64

4 0
3 years ago
Accounts receivable arising from sales to customers amounted to $40,000 and $32,000 at the beginning and end of the year, respec
tatuchka [14]

Answer: $118,000 ;

show the bank has collected a note receivable for the customer

Explanation:

Based on the information given in the question, we can see that there is a reduction in the accounts receivables which will be:

= $40,000 - $32,000

= $8,000

This will then be added to the bet income in order to get the value for the cash flows from operating activities which will be:

= $110,000 + $8,000

= $118,000

Credit memo shows the payment or interest for a particular thing. This can be used to show that a particular bank has received a note, also can be used to show that an interest has been earned on the deposit made. Therefore, the correct option is "show the bank has collected a note receivable for the customer"

3 0
3 years ago
You would like to buy shares of Sirius Satellite Radio (SIRI). The current ask and bid quotes are $4.30 and $4.27, respectively.
erica [24]

Answer:

$2,666

Explanation:

Given that:

  • Current ask price: $4.30
  • Bid quotes $4.27
  • Market buy order: 620 shares

So, the cost to buy these shares:

Number market buy order * Current ask price/share

= 620*$4.30

= $2,666

Hope it will find you well.

5 0
3 years ago
Tru-Shine is a cleaning company in the United States that offers various cleaning products and services. After gaining popularit
Alborosie

Answer:

Franchising

Explanation:

Franchising can be understood as a business model where a brand gives up the rights to use its name and operational model to the franchisee who pays royalties on the use of the brand.

This is an insertion strategy in the market that can have many added advantages, since the franchise is generally already a recognized brand with a consistent and standardized business model that helps in the operationalization of business and in attracting customers. The franchise usually offers the franchisee the training and equipment necessary for the business to be well positioned in the market, as in the case of the example, the company Tru-Shine provides training, equipment and supplies necessary for local companies to sell their products and services under the same trade name.

3 0
3 years ago
According to the segment, when is career testing most effective?.
EleoNora [17]

According to the segment career testing is most effective when it is When it is guided by a trained career counselor.

<h3>What is career testing?</h3>

These are assessments that are done to determine the skills that a person has for future jobs.

Career testing is very important for determining the core skills of a person and their soft skills. A counselor is very effective in helping out here:

Read more on career testing here: brainly.com/question/6947486

8 0
2 years ago
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