Users of managerial accounting information include managers, engaged employees, lenders, and investors.
Accounting , also known as, is the measurement, processing and transmission of financial and non-financial information about economic entities such as firms and enterprises. Accounting, called the "language of business", measures the results of an organization's economic activities and communicates that information to various stakeholders such as investors, creditors, managers and regulators. Accounting practitioners are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably.
Accounting can be divided into several areas such as financial accounting, operational accounting, tax accounting and cost accounting.
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Answer:
C. Designed to identify potential events that may affect the entity.
Explanation:
Risk assessment means the total method in which the hazard or the factors related to the risk that result in damage or harm something. It could be analyzed and evaluated with the analysis of the risk and the evaluation of the risk.
It is to be designed in order to identify the events that could impact the entity
Therefore the option c is correct
Answer:
$1,832.6
Explanation:
Data provided in the question:
Cost of merchandise purchased = $2,100
Terms = 2/10, n/30
Cost of the merchandise returned = $230
Now,
The Amount of merchandise actually purchased
= Cost of merchandise purchased - Cost of the merchandise returned
= $2,100 - $230
= $1,870
also,
Amount of discount = 2% of Amount of merchandise actually purchased
= 0.02 × $1,870
= $37.4
Therefore,
The amount of the cash paid on July 8
= Amount of merchandise actually purchased - Amount of discount
= $1,870 - $37.4
= $1,832.6
Answer:
All are protective functions
Explanation:
The packaging is the process in which the firm wrap the product so that it cannot be damage stole or lost by maintaining its product id
There are various function of packaging like tamper-proofing, uniform weight, the material disclosed, content cushioned so that the packaging should be done in a systematic manner
Therefore the second option is correct
Answer:
1. C
2. B
3. C
Explanation:
1. Relevant costs are cost that influence management decision making. Relevant revenues must differ between alternatives
2. Opportunity cost is defined as the next best alternative. Between 2 options one is forgone and the other is taken up due to it being more valuable.
3. Avoidable costs are cost that can be avoided and they differ between alternatives.