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3 years ago

How do management accountants help managers make business decisions?

Business

1 answer:

Naddika [18.5K]3 years ago

5 0

Answer:

C. Management accountants provide accurate financial data and

analyze the data to make predictions.

Explanation:

Management accounting is an accounting arm that focuses on the accurate organization, analysis, presentation, and interpretation of a company's financial data for use by the management. The information generated by management accounting is for internal use. It aids the top management team in its decision-making process.

Management accountants analyze and make recommendations on the business's operational aspects, such as costs of products and services purchased, product pricing, budget variances, margin analysis, market trends, and forecast.

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"Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are en

diamong [38]

Answer:

a. $112,000

b. $7,500

Explanation:

(a) transferred out

Units transferred out are 100% complete for both materials and conversion costs, thus multiply the Total Cost per Equivalent units with the number of units transferred.

Cost of units transferred out = $8 × 14,000 units

= $112,000

(b) in ending work in process

Units of ending work in process are 100% complete in terms of materials ( since materials are entered at the beginning of the process) whilst 25% complete in terms on conversion cost (applied uniformly during production).

Cost of ending work in process

Materials ($3 × 2,000 units) = $6,000

Conversion ($3 × (2,000 units × 25%)) = $1,500

Total Cost = $7,500

6 0

4 years ago

The law of increasing opportunity costs Multiple Choice applies to land-intensive commodities but not to labor-intensive or capi

yan [13]

Answer:

may limit the extent to which a nation specializes in producing of a particular product.

Explanation:

Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invested the same amount of resources in a salon business or any other business as the case may be.

The law of increasing opportunity costs can be defined as a principle in business which states that, if an organization or business firm continually raise (increase) its level of production, its opportunity cost also increases (rises).

Consequently, this may limit the extent to which a nation or country in any part of the world specializes in producing of a particular product so as to reduce or lower its opportunity cost.

3 0

3 years ago

Machines A and B are mutually exclusive and have the following investment and operating costs. Machine A has a life of 3 years w

olganol [36]

Answer:

$-1081.01

$-2536.89

Explanation:

Equivalent annual cost method is a capital budgeting method used to choose between two projects with an unequal life span

The decision rule is to choose the product with the higher Equivalent annual cost

Equivalent annual annuity method is better for making this decision because if net present value is used, the project with the higher useful life would be chosen. this does not mean it is more profitable

EAA = $\frac{r(NPV)}{1 - \frac{1}{(1+ r)^{n} } }$

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Machine A

Cash flow in year 0 = - $5,000

Cash flow in year 1 = $800

Cash flow in year 2 = $900

Cash flow in year 3 = $1,000

I = 9%

NPV A = -2736.35

Machine B

Cash flow in year 0 = -$6,000

Cash flow in year 1 = $850

Cash flow in year 2 = $900

I = 9%

NPV B = -4462.67

EAA =

(0.09 x -2736.35) / ( 1 - (1.09)^3) = $-1081.01

(0.09 x -4462.67) / ( 1 - (1.09)^2)= $-2536.89

3 0

3 years ago

Petrojac is a premier provider of oil field consultancy services in roswell, new mexico. its consultants are experts on local co

ANEK [815]

The answer is <u>"lack of access to cutting-edge technology".</u>

SWOT Analysis is a valuable method for understanding your Strengths and Weaknesses, and for recognizing both the Opportunities open to you and the Threats you confront. Utilized in a business setting, it causes you to cut a feasible specialty in your market.

Cutting-edge technology alludes to mechanical gadgets, methods or accomplishments that utilize the most present and abnormal state IT improvements; at the end of the day, innovation at the outskirts of learning. Driving and creative IT industry associations are regularly alluded to as "cutting edge."

3 0

3 years ago

Marketing ethics is concerned with distinguishing between right and wrong actions and decisions that arise in a business setting

Likurg_2 [28]

Answer:

TRUE

Explanation:

Yes, it is very much true that marketing ethics is concerned with distinguishing between right and wrong actions and decisions that arise in a business setting. According to broad and well-established moral and ethical principles that might arise in a business setting, and any special duties or obligations that apply to persons engaged in commerce. In marketing ethics, companies try to work for the welfare and well-being of its customers as well, instead of not only focusing on the profits and sales. Community gets the benefit in larger extent when firms starts working for it by acting upon marketing ethics. Some people argue that marketing ethics is just a way to increase number of sales but in all cases, the larger community also get benefits from it.

6 0

3 years ago