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3 years ago

The focus of management accounting is onA) tax preparation.B) external reporting.C) internal reporting.D) auditing.

Business

1 answer:

Studentka2010 [4]3 years ago

5 0

Answer: The focus of management accounting is on "C) internal reporting.".

Explanation: It could be understood as the concept of management accounting as that economic information destined to the internal users of the company and which is mainly responsible for the analysis of the costs of the company, helping to make management decisions and business control.

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Burger Boy Restaurant Corporation allows its trademark to be used as part of a domain name for BurgerBoyNY, Inc., an unaffiliate

Yuri [45]

Answer:

A License

Explanation:

Burger Boy Restaurant Corporation allows its trademark to be used as part of a domain name for BurgerBoyNY, Inc., an unaffiliated company. Burger Boy NY does not obtain ownership rights in the mark. This is a license. When one firm gives its rights to another firm under this type of contract, the ownership rights always remains with the parent company and licensee can't have ownership rights, they can use only the name and products of that parent company to the customers, but ownership held with the parent company. For example, when KFC and McDonald's gives the right to make and sell their products all over the world, the ownership rights are always reserved with the parent company.

3 0

3 years ago

Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for De

Dvinal [7]

Answer:

Equivalent units

a) Weighted average = 523,200 units

b) FIFO = 480,000 units

Explanation:

FIFO Method.

Fully worked units: These represent units of inventory that were started in a current period and completed that same period. The fully worked units are calculated in order to separate the opening inventory from the the newly introduced when accounting for completed units under the FIFO.

For magic company , fully worked units is

= 480,000 - 72,000 = 408,000 units

Equivalent units using Weighted Average

Here, there are no distinction between opening inventory and the newly introduced.

Equivalent Units

Completed unit (100%× 480,000) = 480,000

Closing inventory (60% × 72,000) = 43,200

Total equivalent units 523,200

Equivalent Units using FIFO

Item Equivalent Units

Opening inventory (40% × 72,000) = 28,800

Fully worked (100%× 408,00) = 408,000

Closing inventory (60% × 72,000) = 43,200

Total equivalent units 480,000 

Equivalent units

a) Weighted average = 523,200 units

b) FIFO = 480,000 units

8 0

3 years ago

Which of the following is something that is marketed?

fenix001 [56]

All of the above are marketed

5 0

3 years ago

Adjusting Entries Journalize the adjusting entry needed at December 31 for each situation. Record debits first, then credits. Ch

vladimir2022 [97]

Answer:

Date Accounts Titles Debit Credit

Dec-31 Salaries expense $2,300

Salaries payable $2,300

Dec-31 Depreciation expense $200

(Furniture )

Accumulated depreciation $200

(Furniture)

Dec-31 Insurance expense $450

Prepaid Insurance $450

Dec-31 Supplies expense $80

Supplies $80

7 0

3 years ago

If there is no written designated agency relationship, a client of Meramac Realty has what kind of relationship with Meramac

LuckyWell [14K]

Answer: c. A nonagency relationship with everyone in the office.

Explanation:

For an agency relationship to exist in the eyes of the law, there must be a contract with a written designated agency relationship between the client and Meramac Realty.

With no such contract in existence, the law recognizes no agency relationship between Meramac and any of its affiliates with the client. There is therefore a non-agency relationship with everyone in Meramac.

5 0

3 years ago