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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
Which of the following policies should a country implement in an economic downturn to avoid a Paradox of Thrift?
zalisa [80]

Answer:

B)  Implement policies to encourage greater consumption.

Explanation:

The Paradox of thrift says that an increase in autonomous saving leads to a decrease in aggregate demand and thus a decrease in gross output which will, in turn, lower total saving due to that total saving may fall because of individuals' attempts to increase their saving, Therefore, to avoid the paradox of thrift policies to encourage consumption must be implemented.

5 0
3 years ago
This year, Santhosh, a single taxpayer, estimates that his tax liability will be $100,000. Last year, his total tax liability wa
Alekssandra [29.7K]

Answer:

a) Is Santhosh required to increase his withholding or make estimated tax payments this year to avoid the underpayment penalty?

  • No he is not required to make any payments or increase his withholdings because this year's withholdings already represent a 133% increase with respect to last year's tax liability. If the withholdings for the current are over 100% last year's tax liability, then the taxpayer doesn't need to make any further adjustments in order to avoid underpayment penalties.

b) By how much, if any, must Santhosh increase his withholding and/or estimated tax payments for the year to avoid underpayment penalties?

  • $0

6 0
3 years ago
This is homework form me a teacher have you drawn a cool awesome drawling
Delvig [45]

Answer:

B

Explanation:

dont give me brainliest

6 0
2 years ago
When a restaurant prices pizza at $10 per slice they sell 100 slices in a night. If they sell pizza for $5 per slice, they sell
Helga [31]

slope of this demand curve for pizza = <u>-1/40</u>

<h3>Briefly explained</h3>

Slope = changes in y/ changes in x

The shop sells 200 more pizzas if the price drops by $5 ($10 to $5). (100 to 300 pizzas) A good's quantity is always on the x-axis and its price is always on the y-axis. According to our justification, the cost is REDUCED by $5 (a reduction of -$5) and the quantity of pizzas sold rises by 200. The slope is therefore <u>-5/200 or -1/40.</u>

<h3>What is demand curve?</h3>

The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the quantity required over a specific time period.

The price will often be shown on the left vertical axis in a representation, and the amount needed will typically be shown on the horizontal axis.

Learn more about demand curve

brainly.com/question/1139186

#SPJ4

5 0
1 year ago
Suppose you found a CD that pays 4.9% interest compounded monthly for 4 years. If you deposit $10,000 now, how much will you hav
Katyanochek1 [597]

Answer:

=$11,580.00

Explanation:

The CD pays 4.9 percent compounded monthly for four years.

In one year, there will be 12 occasions of compounding; after four years, there would be 12 x 4 = 36 compounds.

The interest rate per year is 4.9 percent; monthly interest will be 4.9 /12, which is 0.4083 percent.

The amount in four years is the same as the future value after four years.

=FV = PV (1+r)n

Pv =$10,000

r=0.4083 %

N =36

Fv = 10,000(1+0.4083/100)36

=10,000(1+0.004083)36

=$10000 x 1.1579932

=$11,579. 932

=$11,580.00

4 0
3 years ago
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