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

Which category of environmental forces in international marketing would involve: Coors Brewery attempting to sell its beer in Ir

romanna [79]

Answer:

Competitive Forces

Explanation:

Competitive Forces are factors and variables that threaten a company's profitability and prevent it dominance on setting high prices and monopoly. The number and power of a company's competitive rivals and substitute products influences how the company makes profits.

Competitive Forces can be grouped into two which are;

Direct Forces: This determines how low the floor can go for a price competition

Indirect Forces: This places a cap on market's prices and profits

Coors Brewery attempting to sell its beer in Ireland competing against Guiness Beer... Or attempting to sell its beer in Australia competing against Fosters beer is an example of Competitive Forces because by attempting to sell its beer in either of Ireland or Australia to compete with Guiness Beer or Fosters Beer, there will be competition in the Industry, thus, the larger the number of equivalent product and services offered, the lesser the power of a company.

Suppliers and Buyers alike seeks for a company's competition and see if they are able to offer better deals and lower prices.

If Coors Brewery is able to offer better deals or lower prices In Ireland or Australia as against Guiness or Fosters Beer, there will be competitive rivalry as they will become a direct force competition that will determine how low the price of beer will go in the two countries respectively

3 0

3 years ago

Read 2 more answers

In early April 2020, an amendment to the annual budget for 2020 was approved by the city council for inflows and outflows in the

djverab [1.8K]

Answer:

attached below

Explanation:

Given data :

Year : 2020

estimated other financing sources = $20,000 ( premium on bonds sold )

estimated revenues = $12500 ( accrued interest on bonds sold )

approximations in amount of one interest payment = $25,000 ( to be made during 2020 )

attached below is the Budget for the street improvement Bond debt service fund for year 2020

3 0

2 years ago

When you would like to send an e-mail to your coworkers about planned maintenance on the network, where is the best place in the

S_A_V [24]

Answer:

Its A. The Subject field

Explanation:

edge 2020

3 0

3 years ago

Read 2 more answers

The slope of the budget line represents the rate at which the consumer is willing to trade one good for another at any given bun

Softa [21]

Answer:

False

Explanation:

The slope of the budget line is the ratio of the prices of that bundle of goods. It represents the price at which a consumer would be willing to substitute one good for the other in the same bundle of goods.

I hope my answer helps you

7 0

3 years ago

An activity-based costing system that is designed for internal decision-making will not conform to generally accepted accounting

Tresset [83]

Answer:

under activity-based costing the sum of all product costs does not equal the total costs of the company.

Explanation:

The method of an activity-based costing system can be used use to find the total cost of all the activities that are required to make a product. This system also helps to find out which overhead costs can be avoided.

An activity-based costing system that is designed for internal decision-making will not conform to generally accepted accounting principles because under activity-based costing the sum of all product costs does not equal the total costs of the company.

8 0

2 years ago