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goldenfox [79]
3 years ago
9

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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Josh, an HR manager at RoxCom LLC, is responsible for implementing a guided self-appraisal system using management by objectives
Kaylis [27]

Answer:

Continuing performance discussions.

Explanation:

Management by objectives in an organization can be described as the set of strategic actions that will help the company to achieve its objectives and goals.

This management means that management must adopt a system of control and planning where all the constituent members of the organization will work together to define the objectives of the company and then a system of individual goals will be adopted that will consequently assist in achieving the organizational objectives. .

So after implementing a system of guided self-assessment in the organization and reviewing the job description and the main activities that make up the employee's work, the next most appropriate step for Josh would be Discussions on ongoing performance, so that the monitoring and control that will assist in achieving business goals.

4 0
3 years ago
A retailer has noticed that his cost of goods from a specific supplier always seem to be increasing—affecting the gross profit o
lions [1.4K]

The action that the  retailer could take is that He or she can ask the supplier for an explanation for the price increases and then he can Keep raising retail price of the item(s) to compensate for the price increases from the supplier.

<h3>What brings an increase in gross profit margin?</h3>

A retailer can experience an increase in the sales volume and this is one that can lead to a reduction in the cost of goods sold based on the fixed manufacturing cost per unit is said to be  smaller as production volume is getting bigger.

An increase in sales is known to be one that is followed by a decrease in cost of goods sold per unit that therefore leads to a higher gross profit margin.

Learn more about retailer  from

brainly.com/question/25376778

6 0
1 year ago
The following data are taken from the income statement and balance sheet of Freeman Machinery, Inc. Dec. 31, 2018 Jan. 1, 2018 I
Norma-Jean [14]

Answer:

The answer is attached

Explanation:

Download xlsx
5 0
3 years ago
Mamma's Diner was a small restaurant that was a popular hangout for many Bedford College students, but because of the owner's in
mamaluj [8]

Answer: Utilitarianism

Explanation:

Utilitarianism can he defined a moral theory that supports actions that boost overall pleasure or happiness and rebuff actions that lead to harm or unhappiness. A utilitarian philosophy aims to make the society a better place.

The maxim of utilitarianism is that a considerable amount of good should go to a considerable amount of people. Utilitarianism seeks to maximize well-being and happiness. Mama Diner's restaurant was closed because the principle of utilitarianism was not followed because handicapped students couldn't make use of bathroom stalls.

For example, if there is a new disease that kills people instantly when the affected person coughs around other people, the government might be forced to kill the person in order to save others.

8 0
3 years ago
Q 4.35: McGinnis Construction is a cash-basis company with a fiscal year-end of June 30. McGinnis’ employees earn a normal weekl
hjlf

Answer: Understatement, $30,900

Explanation:

There will be an UNDERSTATEMENT of McGinnis' net income for the most recent fiscal year of $30,900.

The Understatement arises because as of year end which is June 30th, McGinnis were not paid for their services that cost $40,900 and instead will only be paid on the 8th of the next month so it was not accounted for in the net income.

The reason the net income understatement is $30,900 and not $40,900 is because McGinnis will still have to account for the payment to it's employees. If in a five day week they earn $12,500, that would mean that they earn $2,500 a day (12,500/5). Seeing as June ended on a Thursday, that is a 4 day week which means $2,500*4= $10,000.

That $10,000 will reduce the net income by that amount.

The net effect is a $30,900 UNDERSTATEMENT.

4 0
3 years ago
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