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3 years ago

True or False

Business

1 answer:

BigorU [14]3 years ago

7 0

Answer:

1. False

2. True

3. True

4. True

Explanation:

1. There is an overlap between financial and managerial accounting. For example, inventory method and expenses. Again, financial groups and management groups are working together to create information in aligning the necessary planning, controlling, and decision making. Therefore, it is a false statement.

2. While planning, controlling and making a decision, managerial accountants have to rely on past performance. It is a true statement.

3. Managerial accounting does not need to conform to GAAP or even IFRS. It is a true sentence.

4. Financial statements indeed have to conform to GAAP (Generally accepted accounting principles). It is a true statement too.)

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Information concerning the unexpected resignation of one or more of the registrant's directors would be disclosed on which of th

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Answer: Form 8-K

Explanation:

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Events such as bankruptcy, acquisitions, resignation of directors can all be seen in the report.

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2 years ago

Assuming everything else stays the same, an increase in the price of laptop computers will __________ of laptop computers. a) de

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Answer:

a) decrease the quantity demanded

Explanation:

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1 year ago

Which characteristic places people at a higher risk for trying illicit drugs?

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2 years ago

Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank. The government reported th

Dmitrij [34]

Answer:

Myron gains, while the bank loses.

Explanation:

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In this case, 5% fall in price will increase the value of the Myron investment with bank and caused bank more money .

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2 years ago

The following information has been provided by New Age, Inc.:

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Answer:

(D) $ 4,950

Explanation:

The computation is shown below

As We know that

Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of goods manufactured

where,

Total manufacturing cost = Direct materials used + direct labor cost + manufacturing overhead cost

= $10,000 + $25,800 + $19,200

= $55,000

So, the opening work in process inventory would be

$11,200 = Opening work in process + $55,000 - $48,750

So, the opening work in process is

= $4,950

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2 years ago