The field of accounting that focuses on providing information for external decision makers is Managerial accounting. This is further explained below.
<h3>What is
Managerial Accounting?</h3>
Generally, Information for external decision-makers is the primary emphasis of managerial accounting. For investment decisions, stockholders rely heavily on management accounting data.
In conclusion, Managerial accounting is a branch of accounting that specializes in the dissemination of economic data to external decision-makers.
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Answer:
20.875
Explanation:
18+24+17+21+24+16+29+18=167/8=20.875
Answer: $80 million per year for 25 years
Explanation:
The option you should choose is one that will guarantee you the highest present value.
This means that you need to discount the annual payment of $80 million per year for 25 years to find the present value. As you did not include a rate, we shall assume a rate of 8% for reference purposes.
The annual payment is an annuity so the present value can be calculated by:
Present value of annuity = Annuity payment * Present value interest factor, rate, no. of years
= 80,000,000 * Present value interest factor, 8%, 25 years
= 80,000,000 * 10.6748
= $853,984,000
<em>The present value of the annual payment is more than the present value of the $850 million received today so the Annual payment should be taken. </em>
Answer:
C
Explanation:
FDIC gives insurance to depositors. it promises to pay back a certain amount of the deposits of a banks customers in the case where a bank fails. As a result of this insurance banks have a greater incentive to take on more risky projects because they know that their customers would be protected even the project goes sour and the bank fails.
Due to the services of the FDIC, less depositors have lost money when a bank fails because of the insurance services they provide to depositors.
Answer:
Total sum at te end of 6 years=$ 73,138.97
Explanation:
<em>The total sum in Lee's account at the end of year would be determined as follows:</em>
FV= A × (1+r)^n
FV- Future sum?,
A- deposit amount ,
r- interest rate - 9%/2 = 4.5% per 6 months
n- number of years is 6
First deposit for 6 years
FV = 15,000× 1.045^(2×6)
= $25,438.22
Last 40,000 for 2 years
FV = 40,000 1.045^(2×2)
=47,700.74403
Total sum at the end of 6 years
= $25,438.22 + $47,700.74
=$ 73,138.97
