All categories

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.)

You might be interested in

The second step in the marketing research project involves developing the research plan. This includes specifying the ________ f

Rus_ich [418]

Answer:

constraints; data

Explanation:

In the second step of marketing research, the research plan is developed. This includes making clear the limitations that will be met during the research activities and identifying the information/data needed for marketing decision making. The research plan is aimed at answering or atleast leading to the solution of the research problem identified in the first step. Instrument used to collect information, the type of research to be carried out are all determined at this stage.

7 0

3 years ago

A client wishes to update their legacy system even though there have been no

maksim [4K]

If the client has not suffered any attacks, why is it still necessary to update their system because only businesses with older systems are targeted by attackers.

<h3>Why is it important to have a new security system?</h3>

Updates to systems, accounts, systems, and applications aren't just requested when there's a security breach on the system; in the case of apps or programs, the addition of new features and bug patches may prompt a developer update.

Thus, option A is correct.

For more details about important to have a new security system, click here:

brainly.com/question/22278398

#SPJ1

4 0

2 years ago

Which describes the difference between simple and compound interest?

soldier1979 [14.2K]

Answer:

Simple interest is based on the principal amount of a loan or deposit, while compound interest is based on the principal amount and the interest that accumulates on it in every period. Since simple interest is calculated only on the principal amount of a loan or deposit, it's easier to determine than compound interest

Explanation:

3 0

3 years ago

Read 2 more answers

Bluebird, Inc., does not provide its employees with any tax-exempt fringe benefits. The company is considering adopting a hospit

Alexandra [31]

Answer:

a. The Before Tax Compensation for each of the two classes of employees are as follows:

Low (0.15) = $11,635.42

High (0.35) = $14,162.08

b. The Employer's after tax cost of taxable compensation for each of the two classes of employees are as follows:

Low (0.15) = $9,394.15

High (0.35) = $10,775.57

c. The Employer's after tax cost of exempt benefit for each of the two classes of employees are as follows:

Low (0.15) = $6,750

High (0.35) = $6,750

d. The cost in employer's after tax cost of exempt benefit will be less than employer's after tax cost of taxable compensation.

Explanation:

a. How much taxable compensation is the equivalent of $9,000 of exempt compensation for each of the two classes of employees?

Note: See part a of the attached excel file for the calculation of Before Tax Compensation for each of the two classes of employees.

From part a of the attached excel, the Before Tax Compensation for each of the two classes of employees are as follows:

Low (0.15) = $11,635.42

High (0.35) = $14,162.08

b. What is the company’s after-tax cost of the taxable compensation computed in part (a)?

Note: See part b of the attached excel file for the calculation of Employer's after tax cost of taxable compensation.

From part b of the attached excel, the Employer's after tax cost of taxable compensation for each of the two classes of employees are as follows:

Low (0.15) = $9,394.15

High (0.35) = $10,775.57

c. What is the company’s after-tax cost of the exempt compensation?

Note: See part c of the attached excel file for the calculation of Employer's after tax cost of exempt benefit.

From part c of the attached excel, the Employer's after tax cost of exempt benefit for each of the two classes of employees are as follows:

Low (0.15) = $6,750

High (0.35) = $6,750

d. Briefly explain your conclusions from the preceding analysis.

Comparing employer's after tax cost of exempt benefit in comparison and employer's after tax cost of taxable compensation, it can be seen that cost in employer's after tax cost of exempt benefit will be less than employer's after tax cost of taxable compensation.

Download xlsx

5 0

3 years ago

Prime Computers is a company that sells computers and software. The company has a website that allows customers to post comments

Oliga [24]

Group of answer choices.

A. Most online shoppers will only buy products if they can voice their opinions about them after the purchase.

B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.

C. Negative consumer feedback can actually attract more customer interest in the product.

D. Allowing consumer feedback makes it less likely that consumers will provide their feedback.

E. Consumers are more likely to say positive things about companies that value their opinions.

Answer:

B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.

Explanation:

Customer relationship management can be defined as a strategic process which typically involves combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Thus, this set of employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

This ultimately implies that, customer relationship management is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers.

Hence, it is very important for Prime Computers to encourage customer feedback on its website and as a policy because most online shoppers (customers) usually engage in an online search in order to see other customer's ratings and reviews of company's product or service before making major purchase decisions.

5 0

3 years ago