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3 years ago

The area of accounting that serves the decision-making needs of internal users is referred to as (managerial/financial/research)

Business

1 answer:

zepelin [54]3 years ago

5 0

Answer: Managerial Accounting

Explanation:

Managerial accounting refers to the preparation of reports and analysis from the company's accounting information to enable managers decide the ways to go with a company.

This type of accounting is for internal use and so is not subject to the kind of scrutiny that financial accounting gets from accounting bodies such as IASB and the FASB.

An example would be the Supply Manager may ask for a report to be made showing them the increase in supply costs for the past decade from their preferred supplier to enable them make a decision on if to find a new supplier.

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Tuscany Company estimated the following costs at the beginning of a particular year: Overhead $5,340,000 Direct labor cost $890,

solmaris [256]

Answer: $300,000

Explanation:

As overhead is applied on the basis of direct labor cost, the overhead rate for the period is:

= Overhead / Direct labor cost * 100%

= 5,340,000 / 890,000 * 100%

= 600%

If direct labor cost is $50,000 then overhead applied will be:

= Direct labor cost * Overhead rate

= 50,000 * 600%

= $300,000

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3 years ago

A survey of 50 retail stores revealed that the average price of a microwave was $375, with a sample standard deviation of $20. A

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Answer:

(D) $369.31 to $380.69

Explanation:

The formula is x ± t (s/√n)

x = 375

t = 2.010

s = 20

n = 50

Then,

375 ± 2.010 (20/√50)

= 375 ± 5.69

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3 years ago

The data show the percentage of households that composted kitchen waste and those that composted yard waste in 26 regions of a c

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Answer:

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3 years ago

Roadside Markets has 8.45 percent coupon bonds outstanding that mature in 10.5 years. The bonds pay interest semiannually. What

Anarel [89]

Answer:

Total $1,091.0030

Explanation:

The market value of the bond will be the sum of the present value of the cuopon payment and the maturity date:

present alue of cuopon payment will be calculate as present value of an ordinary annuity:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 42.25 (1,000 face value x 8.45% /2 payment per year)

time 21 (10 years at 2 payment per year+ 1 payment)

rate 0.036 (here we use the YTM rate /2 because there are 2 payment per year)

$42.25 \times \frac{1-(1+0.036)^{-21} }{0.036} = PV\\$

PV $615.1803

<u>Then, for the present value at maturity, we calculate the present value of a lump sum</u>

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 21.00

rate 0.036

$\frac{1000}{(1 + 0.036)^{21} } = PV$

PV 475.82

<u>Finally, we add them both together</u>

PV c $615.1803

PV m $475.8227

Total $1,091.0030

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3 years ago

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Answer and Explanation:

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3 years ago