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Marina CMI [18]
3 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]3 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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Compute 2018 taxable income in each of the following independent situations.
KATRIN_1 [288]

Answer:

a. Drew and Meg are married and filing a married joint return. The standard deduction of a married joint return is $24,400 but it is lower

AGI                                       $125,000

Less: Itemized deduction   <u>$27,000</u>

Taxable income                  <u>$98,000</u>

b. Sybil's filing status is head of household. The Standard deduction for head of household is $18,000 in 2018 which is higher than itemized deductions of $8,000.

AGI                                       $80,000

Less: Itemized deduction   <u>$18,000</u>

Taxable income                  <u>$62,000</u>

c. Scott is a surviving spouse. The standard deduction will be equal to that of married filling joint return which is $24,400

AGI                                       $75,000

Less: Itemized deduction   <u>$24,400</u>

Taxable income                  <u>$50,600</u>

d. Amelia is an abandoned spouse. She can file as head of household. The standard deduction for the year 2018 is $18,000 which is higher than  itemized deductions of $10,650.

AGI                                       $58,000

Less: Itemized deduction   <u>$18,000</u>

Taxable income                  <u>$40,000</u>

e. Dale is divorced and filing status is head of household. The standard deduction for the year 2018 is $18,000 which is higher than  itemized deductions of $9,900

AGI                                       $64,000

Less: Itemized deduction   <u>$18,000</u>

Taxable income                  <u>$46,000</u>

5 0
2 years ago
Who believed that fluctuations in the business cycle were the result of class conflicts between labor and capital
Gennadij [26K]

Answer:

Karl Marx

Explanation:

Karl Marx was a German economist that lived in the 19th century. His definition of capital as the most important factor of production was actually quite accurate and advanced for his time. He was the first major economist to state that capital by itself was enough to generate wealth.

He also proposed socialism as the higher stage of capitalism, which actually works in many European nations which are considered social democracies, e.g. Sweden, Norway, Denmark, Holland, Germany, etc., and at the same have the highest standards of living in the world.

Personally, I believe that his major flaw was to go a few steps further and believe in communism and that it would solve all of humanity's problems. Communism is not the same of socialism, since socialism believes in an economy under the influence of the state but also supports individual merit and private property. E.g. someone that works hard should be paid more, i.e. personal wealth is not bad. On the other hand, communism believes that the state must control the economy and that individuals should be rewarded based on their needs, not their work. It doesn't matter if you work hard or not even work at all, the state must satisfy your needs.

6 0
2 years ago
Asuna hobe bulamadım​
AlekseyPX

Answer:

huh

Explanation:

8 0
3 years ago
Read 2 more answers
Many pop songs have lighthearted origins, such as brainstorming sessions where artist friends bounce ideas back and forth. Howev
zaharov [31]

Answer:

Explanation:

Lizzo is one of my fav singers and by reading this i learned alot thank you wise person

4 0
2 years ago
IRobot designs andmanufactures robots for consumer, commercial, and military use. For the fiscal year ended January 2, 2016, the
Helen [10]

Answer:

iRobot

The amount of cash collected from customers during fiscal 2015 = $583,155.

Explanation:

a) Data and Calculations:

Allowance at January 2, 2016 = $33

Allowance at December 27, 2014 = $67

Accounts Receivable at January 2, 2016 = $104,679

Accounts Receivable at December 27, 2014 = $71,056

Revenue for 2015, year ended Jan 2, 2016 = $616,778

Bad debt expense for 2015 = $0

Computation of the Cash collected from customers during fiscal 2015:

Accounts Receivable

Dec. 27, 2014  Balance                 $71,056

2015                 Revenue               616,778

Jan. 2, 2016     Balance                (104,679)

2015                 Cash                   $583,155

8 0
3 years ago
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