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OleMash [197]
4 years ago
5

Managerial accounting reports are a.prepared periodically only b.related to the entire business entity only c.prepared according

to GAAP d.prepared according to management needs
Business
1 answer:
ahrayia [7]4 years ago
3 0

Answer:

The correct answer is letter "D": prepared according to management needs.

Explanation:

Managerial accounting reports are the principal tool top executives use to make their decisions. Thanks to accounting reports managers can check what the costs of production are and how profitable the operations of the firm have been in terms of expenditure. These reports also help managers to find out what aspects of the company should be improved to maximize productivity and efficiency.

<em>Most managerial accounting reports are tailored to the executives' demands.</em>

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The data-mining technique that finds groups in the data that are similar in some way is____.
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The answer is "clustering"
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3 years ago
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Which of the following prices is most elastic?
mamaluj [8]
An elastic products prices are responsive to changes in demand. Generally, the necessity of the product is related to it's elasticity. For example, insulin is essential for diabetics, so the price is extremely inelastic—people will pay any amount because it is a life or death situation. The price of a new MP3 player can be inelastic, especially because results show that people want the newest thing, and will pay more if it works better than the previous model. Additionally, the price of "scalper" tickers to the World Series will increase by demand, but they will still sell regardless. The price of dairy products, however, is rather elastic; this is because when the price rises, people switch to a cheaper brand.  The difference between an inelastic and elastic product is that elastic products have substitutes, whereas inelastic products have no substitutes (or sometimes very few).

Answer: A. the price of dairy products

hope this helps :)
5 0
3 years ago
Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month, em
AURORKA [14]

Answer:

1.Dr Postage expense $47

Dr Delivery expense $72

Dr Supplies expense $37

Dr Entertainment expense $25

Cr Petty cash $181

2.

Dr Petty cash $181

Cr Cash $181

Explanation:

Preparation of the Journal entry to record all employee expenditures and the entry to replenish the petty cash fund.

1.Since we were told to record all employee expenditures this means that the employee expenditures Journal entry will be recorded as:

Dr Postage expense $47

Dr Delivery expense $72

Dr Supplies expense $37

Dr Entertainment expense $25

Cr Petty cash $181

($47+$72+$37+$25)

2. Since we were told to record the entry to replenish the petty cash fund, this means that the petty cash fund will be recorded as:

Dr Petty cash $181

($47+$72+$37+$25)

Cr Cash $181

8 0
4 years ago
Under cash-basis accounting, the timing of cash inflows and outflows exactly matches the reporting of revenues and expenses in t
Bezzdna [24]

Answer:

The statement is correct as well as true

Explanation:

In the cash basis of accounting, is the one of the methods or way of recording the accounting transactions for expenses as well as revenue only, when the corresponding cash is collected or received or payments are made.

Whereas the revenues will be recorded only when the customer pay for the billed service or the product and also record the payable when it is paid by the company.

Therefore, in the cash flows accounting, the timing of recording the inflows and the outflows of the cash matches the reporting of the expenses and revenues in the income statement.

7 0
3 years ago
OFFERING 20 POINTS Whitney's proposal to build 10,000 guns relied on what two important elements found in the modern manufacturi
strojnjashka [21]

Answer:

interchangeable parts and assembly lines

Explanation:

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