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blsea [12.9K]
3 years ago
7

Managerial accounting information is generally prepared for

Business
1 answer:
Anika [276]3 years ago
8 0
Internal users, business or organizational managers to help them make decisions in managing the business, often using cost accounting. 
You might be interested in
When reconciling a 6 column worksheet for a closing - after totaling up the debits and credits, the closing agent needed to add
enyata [817]

Answer:

A $30,000 payment the seller will receive from this closing.

Explanation:

The debit column represents the money the seller is receiving from this sale (seller's proceeds).

All the debit's correspond to money received by the seller (e.g. earnest money), while the credits correspond to payments carried out by the seller (e.g. any fees paid by the seller).

So if there is some amount that need to be debited at the end, it can only be money that the seller should receive.

5 0
3 years ago
Why do you earn more money using compound interest than you would using simple interest?
PilotLPTM [1.2K]

Interest is calculated as a <u>percentage of the principal</u>. With compound interest, the interest earned is <u>added back into the principle</u> so during the next period you start earning interest on the new, higher amount. Every time the interest compounds, it gets added into the principal and you earn more and more interest.

Example:

10% simple interest on $100:

(.1 * 100) +100 = 10 + 100 = $110

But if you do 10% interest compounding monthly for 3 months you have:

Month 1: (.1 * 100) +100 = 10 + 100 = $110

Month 2: (.1*110) +110 = $121

Month 3: (.1*121) + 121 = $133.10

Even with this simple example you can see how much more money is earned when your interest is compounded and added back into the principal.

8 0
3 years ago
Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. In the statement of cash flows, this
natima [27]

Answer:

Cash flow from financing activities

Explanation:

There are 3 ways of reporting financial data of an organisation. The balance sheet, cash flow statement, and income statement.

Cash flow statement shows the sources of cash coming into and going out of an organisation.

The major sources are operations, financing, and investing activities.

Financing activities are those in which a company a company raises capital by selling shares, and pays back it's investors.

In the given scenario where Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. They are raising cash so this is a financing activity.

6 0
3 years ago
The employees who work for a business are called ____.
GrogVix [38]

Answer:

Human resources.

Explanation:

Human resources. are the employees who work for a business

6 0
2 years ago
All of the following are liabilities except
dolphi86 [110]

Answer:

Accounts receivable

Explanation:

Accounts receivable is a component or part of the current assets. It is the amount that is created by selling the goods on account. Such receipts are receivable within the duration of one year.

Salaries payable is a part of current liabilities.

Notes payable is also a part of current liabilities.

Similarly, accounts payable is also a part of current liabilities.

Such payments are payable within the duration of one year.

5 0
3 years ago
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