What are 3 disadvantages of going to trade/vocational schools after high school?

Match each of the following characteristics that describe financial accounting, managerial accounting, both financial and manage

ella [17]

Answer:

1. Managerial accounting

2. Financial accounting

3. Both financial and managerial accounting.

4. Financial accounting

5. Financial accounting

6. Financial accounting

7. Financial accounting

8. Managerial accounting

9. Managerial accounting

10. Both financial and managerial accounting.

11. Neither financial nor managerial accounting.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Examples of financial statements includes Balance sheet, cash-flow and income statement.

Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals.

1. Managerial accounting: Is future oriented.

2. Financial accounting: Is used primarily by external parties.

3. Both financial and managerial accounting: Is relied on for making decisions.

4. Financial accounting: Is historical in nature.

5. Financial accounting: Has reports that can be obtained through the company website or requested from the company CFO for publicly traded companies.

6. Financial accounting: Is reported in aggregate for the company as a whole.

7. Financial accounting: Has reports that may be created daily or even in real time.

8. Managerial accounting: Is used mostly by managers within the company.

9. Both financial and managerial accounting: Must be accurate to help decision makers.

10. Neither financial nor managerial accounting: Is always available on the Internet to any interested party.

5 0

3 years ago

Given that Jacob's Chocolates Company had beginning retained earnings of $4,000; net income during the period of $10,000; and di

natta225 [31]

Answer:

C. $13,700

Explanation:

Given that;

Beginning retained earnings = $4,000

Net income during the period = $10,000

Dividends = $300

Computation of Ending balance in the retained earnings account

= Beginning retained earnings + Net income during the period - Dividends

= $4,000 + $10,000 - $300

= $13,700

Therefore, the ending balance in the retained earnings account is $13,700

5 0

2 years ago

Nicolas maduro is the leader of what country, which is struggling with a major economic crisis that includes incredibly high inf

irga5000 [103]

Nicolas Maduro is the leader of Venezuela.

5 0

3 years ago

Assume that sales are predicted to be $4,000, the expected contribution margin is $1,720, and a net loss of $280 is anticipated.

Alexeev081 [22]

Answer:

e) $4,651

Explanation:

The break-even point is the level of activity that a company must operate to have its total cost equal to its total revenue. At this level of activity, the business makes a zero profit, as the total contribution is exactly the same as the total fixed cost.

It is important for the business to have an idea of the number of customers or units of product to sell inorder for it to cover its total fixed cost. This is the information the break-point analysis seeks to provide.

Working it out

Break-point in sales = Total General fixed cost/ Contribution margin ratio

Contribution margin ratio (CMR): Contribution is sales less variable costs. And the contribution margin ratio is the proportion of sales that is earned as contribution. The higher the better.

CMR = contribution/sales

Fixed cost = Contribution + net loss

We can now apply all these relationships to the question given:

Fixed cost = 1720 + 280

= 4,000

Contribution margin ratio = 1720/400 = 43%

Break-even sales ($) = 4000/0.43

= $4,651

3 0

3 years ago

The town of Sanford, Maine, decided to auction off a plot of land owned by the town. The town advertised that it would accept bi

rodikova [14]

Answer:

The answer is: Both parties could win, depending if there were other conditions established for the auction.

Explanation:

Usually when an auction is carried out there are conditions established beforehand by the auctioneer that must be fulfilled in order for the sale to be completed.

In this case, since we don´t know what other conditions the town of Sanford included in the auction, if any other condition at all, we can´t conclude which party could win the lawsuit. For instance if a reserve was required but Arthur and Arlene didn´t do the reserve deposit, then they will obviously lose. The same happens with other established conditions like a minimum price set, etc. But if no other condition established, then Arthur and Arlene could win.

5 0

3 years ago