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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.

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In order to accurately assess the capital structure of a firm, it is necessary to convert its balance sheet figures to a market

vampirchik [111]

Answer:

$5,412,000

Explanation:

The semi annual interest = $20

Periods (n) till maturity are 10*2 = 20

Discounting rate is 12%/2 = 6%

Principal amount is $1,000

Market Value = 20 * PVIFA (20,6%) + 1,000 * PVIF (20,6%)

Market Value = 20 * 11.4699 + 1,000 * 0.3118

Market Value = 229.398 + 311.8

Market Value = 541.198

Market value = $541.20

Number of bonds = 10,000,000/1,000

Number of bonds = 10,000

Current market value = Number of bonds * Market value

Current market value = 10,000 * 541.20

Current market value = $5,412,000

8 0

3 years ago

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.25 million, and the 2009 balance sheet showed l

Svet_ta [14]

Answer:

net cash flow from creditors of $1.42 million

Explanation:

The movement in the long term debt account between 2008 and 2009 is as a result of the interest owed on the debt and the cash payment for the period.

Let the cash outflow to the creditor be H

$2.25 million + 0.33 million - H = $4 million

H = $2.25 million + 0.33 million - $4 million

H = ($1.42 million)

This means that the firm had a net cash flow from creditors of $1.42 million in 2019.

5 0

3 years ago

Answer the question based on the following supply and demand schedules in units per week for a product.Price Quanity Demanded Qu

xeze [42]

Answer: equilibrium price is $30

Explanation: price decreased steadily at $10 and demand increased by $40(the lower the price the higher the demand) while supply decreased by $60(the lower the price the lower the supply) From the table equilibrium price equal $30 where demand equal supply at 220 units.

4 0

3 years ago

NEED HELP ASAP!!!

Black_prince [1.1K]

Answer:

B. Taxpayers can use a software program for assistance in entering the required information and the tax calculation.

C. Taxpayers can avoid delayed returns and ensure quicker processing and faster refunds.

Explanation:

E-filling is electronic tax filling. It involves filing and submitting tax returns via the internet. A taxpayer needs to access the tax authority's website and fill-in the relevant details. The tax authority usually has customized programs that make the tax-payers work easy.

E-filling is quick and convenient. The taxpayer does not need to travel or send tax documents to the tax office. They fill the tax forms online and submit them immediately. The tax information is captured and stored in the systems. There are quick references and records don't get lost, which makes refund processes faster.

8 0

2 years ago

Hasty and Tasty Foodservice received a 120-day, 9% note for $12,000, dated April 9 from a customer on account. Assume 360 days i

kodGreya [7K]

Answer:

August 7

$12,360

Dr. Cash $12,360

Cr. Interest Income $360

Cr. Note receivable $12,000

Explanation:

Note Receivable is promise in writing to receive a sum of money in future. The money normally consists of Principal and interest.

In this question a note of $120,000 is received from the customer which will mature after 120 days and offer 9% interest on it.

Principal = $12,000

Due date = April 9 + 120 days = August 7

Maturity Value = Principal x ( ( 1 + interest rate ) x time period )

Maturity Value = $12,000 x ( 1 + (9% x 120/360 ) ) = $12,360

Interest Income = $12,360 - $12,000 = $360

5 0

3 years ago