Answer:
Be tailored to the specific needs of an individual decision maker.
Explanation:
A managerial account report is more likely to be tailored to the specific needs of an individual decision maker. This is usually In comparison with a financial statement prepared in conformity with generally accepted accounting principles,
The managerial account lays its focus on specific needs which the decision maker needs.
It doesn't do any of theses;
Focus upon the operating results of the most recently completed accounting period neither does it View the entire organization as the reporting entity.
Answer:
Missing word <em>"What is the Rate of return"</em>
a. Asset at the end of the year = (Asset at the start of the year + Increase in value) * 12b-1 charges
Asset at the end of the year = ($219 million+ ($219 million * 7%)) * (1-0.50%)
Asset at the end of the year = ($219 million + $15.33 million) * 0.9950
Asset at the end of the year = $234.33 million * 0.9950
Asset at the end of the year = $233.16 million
Net asset value at the end of the year = Asset at the end of the year / Number of shares
Net asset value at the end of the year = $233.15835 million / 12 million
Net asset value at the end of the year = $19.430
b. Rate of return = (Net asset value at the end of the year + dividend per share - Net asset value at the start of the year) / Net asset value at the start of the year
Rate of return = ($19.430 + ($6 / 12) - $18.250) / $18.250
Rate of return = ($19.430 + $0.50 - $18.250) / $18.250
Rate of return = $1.68 / $18.250
Rate of return = 9.20%
Answer:
$ 49,640
Explanation:
The question is asking for PLANNING BUDGET
Planning Budget does not in anyway mean flexible budget.
So the quantity of units for Planning Budget would be what the company budgeted that is 7,300 units
The next step in the solution to the question will be to know the cost per unit. For Direct Labor the price given is $ 6.80 per unit
Total Direct Labor for May in the planning budget would be 7,300 X 6.80 = $ 49,640
Uhm financial crisis, poverty, homelessness, debt, etc...
