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zepelin [54]
3 years ago
7

Identify the following characteristics as primarily related to financial accounting​ (FA) or managerial accounting​ (MA):1. Help

s creditors make lending decisions. 2. Helps in planning and controlling operations. 3. Is not required to follow GAAP. 4. Has a focus on the future. 5. Summary reports prepared quarterly or annually.
Business
1 answer:
DaniilM [7]3 years ago
6 0

Answer:

Financial accounting is the aspect of accounting that is concerned with the summary, analysis and reporting of financial transactions related to a business.

While managerial accounting is the aspect of accounting that is concerned with the identification, measurement, analysis, and interpretation of accounting information to help managers plan for the future, make decisions for the company, and determine if their plans and decisions were accurate and efficient.

1. Helps Creditors make lending decisions is related Financial Accounting.

2. Helps in planning and controlling operations is related to Managerial Accounting.

3. Is not required to follow GAAP is related to Managerial Accounting.

4. Has a focus on the future is related to Managerial Accounting.

5. Summary reports prepared quarterly or annually is related to Financial Accounting.

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A homeowner has a mortgage balance of $149,570.75. If the interest rate on the loan is 9.5% and the monthly payment is $1,303.55
nalin [4]

Answer:

Principal balance at the end of year 2 = 149,330.9079

Explanation:

Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.

We will use the following relationships:

Interest paid = Interest rate × loan balance

Principal paid = Monthly installment - Interest paid

Principal balance= loan balance - principal paid

Year 1

Interest paid    =    9.5%/12 × 149,570.75 =   1,184.101          

Principal paid in year 1 = 1,303.55 -  1,184.101  = 119.448

Principal balance =  149,570.75 - 119.448= 149,451.3018

Year 2

Interest paid = interest rate × loan balance in year 1 = 1183.156

Interest paid = 9.5%/12 × 149,451.3018 = 1183.156

Principal paid = 1,303.55 - 1183.156139  = 120.393

Principal balance at the end of year 2= Principal balance in year 1 - Principal paid in  year 2

= 149,451.3018  - 120.393861  = 149330.9079

Principal balance at the end of year 2 = 149,330.90

8 0
3 years ago
By how much did the pace of tuition hikes exceed the 2013 average rate of inflation?
Talja [164]
<span>The pace of tuition hikes exceeded the 2013 average rate of inflation by two and 9/10 (2.9) percent. This was a smaller jump than pace of tuition hikes over the average rate of inflation 2012, which was four and one-half (4.5) percent.</span>
4 0
3 years ago
9.To what part of an industry does a worker's education contribute?
laiz [17]

Answer:

human capital

Explanation:

Human capital is the economic value brought by workers' experience and skills. It is the attributes, abilities, and quality of labor to influence a firm's productivity. Human capital is enhanced through education, training, and work experiences.

Human capital is an intangible asset to a business. Human capital is a critical element if a business is to achieve its goals. Due to this reason, companies are always investing in improving the quality of their human capital.

4 0
3 years ago
Stuart works on an auto assembly line. Last year he was responsible for welding the upper panel of the wheel well onto the left
Ronch [10]

Answer:

d, job enlargement

Explanation:

Job enlargement is defined as the expansion of job or tasks done by an employee while adding some changes/variety.

From the above question, Stuart used to weld just the upper panel area of the wheel to the left rear wheel. Now, by jo enlargement, Stuart now has the welding of every part of the entire left wheel area of the vehicle.

I hope this helps.

3 0
3 years ago
Groups form naturally, and there is little anyone can do to influence the success or cohesiveness of a group dynamic.
babymother [125]

Answer:

true

Explanation:

just trust me

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