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Marina CMI [18]
4 years ago
7

Managerial accounting is an activity that helps managers determine costs of products and services, plan future activities, and c

ompare actual to planned results. True or False True
Business
1 answer:
Elenna [48]4 years ago
4 0

Answer:

True.

Explanation:

Managerial accounting involves managers using accounting information to better inform themselves before making business decisions. It involves analysing, interpreting and communicating financial data to managers to aid in achievement of organisation's goals.

Managerial accounting is for internal use in the business. Data is modified to meet specific need of the end-user. For example a manager may want to see sales figures for a quarter compared to business target. This will give an idea if the business is meeting it's objectives.

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The payroll register of Ruggerio Co. indicates $10,500 of social security withheld and $2,625 of Medicare tax withheld on total
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Answer:

From the information provided

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THUS,

JOURNAL ENTRY

___Accounts_______Debit ($)____Credit ($)

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FUTA Payable ___________________180

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