All categories

3 years ago

LO 1.2Who are the primary users of the information gathered by managerial accountants?

Business

1 answer:

Oduvanchick [21]3 years ago

4 0

Answer:

managers of the organization

Explanation:

Management Accounting - The main purpose of accounting is to provide a database for business leaders to make the right decisions. Management accounting performs the same function as an area of accounting. Simply the information that the management accounting reveals is intended for internal users of the enterprise, and some literature has described it as "good" data.

Internal users use management accounting data to develop strategies, plan work, make decisions, and optimize resource use.

The main differences between the Financial Accounting (FA) and the Management Accounting (MA) are the dual registration system in the FA. The FA should comply with the legislation and the monetary measure. MA has no legal requirement, and natural, labor and so on. Dimensions can be used. One of the most important differences is that the FA reflects on what has happened, and MA prepares predictive reports on what has happened and about future events.Thus, MA calculations help in making decisions on internal procedures, budgeting and other projected reports.

You might be interested in

Joe Tau, CEO of Tau Pharma places a major emphasis on his creative passion and spirit of innovation. Tau wants to create a cultu

SVEN [57.7K]

Answer:

D. All of the above.

Explanation:

Since, Joe Tau, CEO of Tau Pharma places a major emphasis on his creative passion and spirit of innovation. He is interested in creating a culture where entrepreneurial drive is contagious and motivates employees to take up a new idea, use it, and do it as quickly as possible.

Hence, in order to stimulate creativity and motivate passionate engagements, Tau should establish a structural framework and motivators that include opportunities for achievement, recognition and reward.

This simply means, when Tau develops a structural framework comprising of setting up potential goals or milestone (achievement) for employees, ensure their achievements are recognized and as well as rewarding them for their achievements; the employees would certainly become motivated to pick up new ideas and use the ideas as quickly as possible. Thus, creating a positively contagious culture among them.

3 0

3 years ago

Which of the following statements is incorrect?

DedPeter [7]

Answer:

E. All information systems support businesses.

Explanation:

All information systems do not support businesses because it's there's many types of information systems such as Executive Support Systems , Management Information Systems (MIS), Decision Support Systems , Knowledge Management Systems , Transaction Processing Systems and Office Automation Systems and it depends on the purpose of that information system in particular, whether it supports businesses or not

4 0

3 years ago

Which of the following represents the costs associated with safety stock as a cushion? A. Stock-out B. Quality C. Ordering D. Ca

pashok25 [27]

I would say its B quality because of the safety stock you would want good quality.

6 0

4 years ago

Determine what type of model best fits the given situation: the value of a classic car is presently $50,000 and is increasing in

jok3333 [9.3K]

The model that best fits the given situation is exponential

<h3>what is an Exponential Function?</h3>

Exponential function, in mathematics a relationship of the form y = $a^{x}$ , where the independent variable x extends over the entire real number line as an exponent of a positive number a. The most important exponential function is y = $e^{x}$ .

Here,

The value of a classic car = $50,000

It is increasing in value by 5% per year.

So, here we have a = 50,000 and x = 5%

The function is increasing.

b = 1+5%

b = 1+0.05 = 1.05

Hence, the function that describes this situation is given by:

$f(x)=50000(1.05)^{x}$

To learn more about Exponential Function from the given link

brainly.com/question/10750625

#SPJ4

4 0

2 years ago

A company had the following stockholders' equity information available at year-end. - Issued 11,000 shares of $2.00 par value co

Luba_88 [7]

Answer:

$28.5

Explanation:

Earnings per share is calculated for Equity shares.

And the treasury stock is not included.

Total equity shares in number = 11,000 - 1,000 (Treasury stock)

= 10,000 shares

Total earnings = $200,000

Further provided that dividend to preference shareholders is paid.

Dividend on preference capital is fixed, that is the rate multiply the par value, dividend is not paid on security premium amount.

Preference dividend = 5,000 $\times$ $50 $\times$ 6% = $15,000.

The information provided for share issue rates is of no importance of equity, whereas the relevant number provided is important.

Thus earnings after preference dividend = $200,000 - $15,000 = $285,000

Earnings per share = $285,000/10,000 = $28.5 per share.

6 0

3 years ago