Answer:
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Mixed market economies focus on preserving as much freedom to make economic choices as possible. Governments in these economies have limited involvement in managing and regulating the economy. In contrast, command economies are focused most on preserving and requiring equal opportunities, which means governments that greatly regulate the economy. More economic systems are geared toward offering producers and consumers the freedom to make economic choices, so mixed market economies are more common in the world today.
Answer:
b. are both considered by economists to be a part of production costs.
Explanation:
- The economic profits and the loss are the difference between the revenues that ate received form the sales of an output and cost of an input applied. These cost of the inputs and in the calculation of the both these costs are deduced from the revenue costs.
True.
Managerial accounting can be identified as the process and procedures that create documents and reports to assist management in the decision-making processes of running a particular company.
It also refers to the information that managers need in order to make decision about the improvement of a particular company.
<h3>Further Explanation</h3>
Managers use managerial accounting to measure the success or failure of a business and also to determine the achievement of the business goals. In addition, managers use managerial accounting to identify whether a department is efficient or a departmental project is doing well and meeting targets and expectations.
How it differs from Financial Accounting
Managerial accounting and financial accounting can be differentiated through the followings:
- Managerial accounting is mainly used for internal purposes, unlike financial accounting.
- Managerial accounting focus on internal performance like departments, projects, and processes while financial accounting is focus on the business as a whole.
- Managerial accounting is used to help managers improve business processes exactly the same way financial reporting helps investors make investment decisions.
- In managerial accounting, managers and managerial accountants don’t have to worry about following Generally Accepted Accounting Principles (GAAP) like financial accountants do, because management reports never get issued to banks or external parties like financial reports do
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KEYWORDS:
- managerial accounting
- decision-making
- financial accounting
- accountants
- department
<span>1.
</span>What
percent of customers bought anything from the last catalog?
Fom
this last catalog, 2.5% of the costumers bought.
<span>2.
</span>What
was the average $ order size bought from the last catalog across all 96,551
customers?
<span>The
average dollars ordered from this catalog was $104.24 per buying customer.</span>
Answer:
This is true.
Explanation:
An interview's purpose is to see if the potential employee would be a good fit with the position they are in, the company, and fellow workers. This means they will be evaluating attitude and communication skills.
