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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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Hybrid cars are touted as a "green" alternative; however,the financial aspects of hybrid ownership are not as clear. Consider th

lord [1]

Answer:

the hybrid model initially costs $5,200 more than the regular model, plus you have another $330 in extra ownership costs per year. If you plan to own the hybrid car for 6 years, then you must recoup $5,200 / 6 = $866.67 + $330 = $1,196.67 per year.

the cost of driving 1 mile with the hybrid car = $3.60 / 27 = $0.1333

the cost of driving 1 mile with the regular model = $3.60 / 19 = $0.1895

you will save = $0.0562 per mile driven

you would need to drive $1,196.67 / $0.0562 = 21,293 miles per year to make the decision worth it

if you only drive 15,500 miles per year, then you would need to save $0.0772 per mile

that would only result if gasoline's price was:

x/19 - x/27 = 0.0772

0.0526x - 0.037x = 0.0772

0.0156x = 0.0772

x = 0.0772 / 0.0156 = $4.95 per gallon

you must first determine the present value of all additional expenses related to purchasing a hybrid:

year cash flow

0 -5,200

1 -330

2 -330

3 -330

4 -330

5 -330

6 -330

Using a financial calculator, the PV = -$6,637.24

now we must use an annuity formula to determine the annual savings required using a 10% discount rate and 6 periods:

annual savings = $6,637.24 / 4.3553 (PV annuity factor, 10%, 6 periods) = $1,523.95

so you must save $1,523.95 per year and that is equivalent to $1,523.95 / $0.0562 = 27,116.47 = 27,116 miles

you also need to save $1,523.95, but you only drive 15,500 miles, so the savings per mile = $0.0983

x/19 - x/27 = 0.0983

0.0526x - 0.037x = 0.0983

0.0156x = 0.0983

x = 0.0983 / 0.0156 = $6.30 per gallon

5 0

3 years ago

Mark and Parveen are the parents of three young children. Mark is a store manager in a local supermarket. His gross salary is $7

netineya [11]

Answer:

$367,500

Explanation:

Estimation of the family’s life insurance needs

Using the easy method

Based on the information given we were told that Mark gross salary is $75,000 while is wife

Parveen is a stay-at-home mom this means that we would be using the easy method to estimate the family’s life insurance needs based on Mark gross salary of $75,000 because he is the only one that earn on a monthly basis.

Insurance need =$75,000 x 7 years x 70%

Insurance need = $367,500

Therefore the family’s life insurance needs will be $367,500

5 0

3 years ago

Enterprise software includes a database and thousands of predefined ________________.

Lelechka [254]

Answer:

business processes

Explanation:

Enterprise software includes a database and thousands of predefined business processes that reflect best practices

7 0

1 year ago

At the beginning of last year, Tarind Corporation budgeted $900,000 of fixed manufacturing overhead and chose a denominator leve

insens350 [35]

Answer:

The answer is 612800 hours

Explanation:

Solution

Recall that:

At the start of last year, Tari Corporation budgeted $900,000 of fixed manufacturing overhead and chose a denominator level of activity of 600,000 machine-hours.

At the end of the year, Tari's fixed manufacturing overhead budget variance was $12000 favorable. Its fixed manufacturing overhead volume variance was $19200 favorable. The direct actual labor-hours for the year were 625,000. What was Tari's standard total machine-hours allowed for last year's output?

Now,

The Budgeted at beginning of the year = $900,000

fixed manufacturing overhead for = 600,000 machine hours

Thus,

The Standard = $900,000 / 600,000 hours = $1.5 fixed overhead / machine/machining hour

So,

At end of year, manufacturing overhead volume was $19,200 favorable which means that,

$19200 / $1.5 = 12800 additional hours.

Total Standard Machine Allowance Allowed for output = 600,000 +12800 = 612800 hours

Therefore, Tari's total standard machine-hours allowed for last year's output is 612800 hours

8 0

3 years ago

Daniel loves sales because he responds well to the pressure he faces in the many new or uncertain situations he encounters as a

saul85 [17]

Answer:

The answer is: analytical decision making style

Explanation:

Analytic decision makers like to examine a lot of information before making a decision. In order to make a decision they will try to rely on their direct observation, different data sources and all the the facts they can gather. It is common for them to seek help from others to help them make a decision. They have a high tolerance for ambiguity but still like to control most aspects of their decision making process. The biggest issue with this kind of approach is the long time it takes.

8 0

3 years ago

Read 2 more answers