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jonny [76]
3 years ago
5

Match each of the following characteristics that describe financial accounting, managerial accounting, both financial and manage

rial accounting, or neither financial nor managerial accounting.
A. Financial accounting
B. Managerial accounting
C. Both financial and managerial accounting
D. Neither financial nor managerial accounting
1. Is future oriented.
2. Is used primarily by external parties.
3. Is relied on for making decisions.
4. Is historical in nature.
5. Has reports that can be obtained through the company website or requested from the company CFO for publicly traded companies.
6. Is reported in aggregate for the company as a whole.
7. Has reports that may be created daily or even in real time.
8. Is used mostly by managers within the company.
9. Must be accurate to help decision makers.
10. Is always available on the Internet to any interested party.
Business
1 answer:
ella [17]3 years ago
5 0

Answer:

1. Managerial accounting

2. Financial accounting

3. Both financial and managerial accounting.

4. Financial accounting

5. Financial accounting

6. Financial accounting

7. Financial accounting

8. Managerial accounting

9. Managerial accounting

10. Both financial and managerial accounting.

11. Neither financial nor managerial accounting.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Examples of financial statements includes Balance sheet, cash-flow and income statement.

Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals.

1. Managerial accounting: Is future oriented.

2. Financial accounting: Is used primarily by external parties.

3. Both financial and managerial accounting: Is relied on for making decisions.

4. Financial accounting: Is historical in nature.

5. Financial accounting: Has reports that can be obtained through the company website or requested from the company CFO for publicly traded companies.

6. Financial accounting: Is reported in aggregate for the company as a whole.

7. Financial accounting: Has reports that may be created daily or even in real time.

8. Managerial accounting: Is used mostly by managers within the company.

9. Both financial and managerial accounting: Must be accurate to help decision makers.

10. Neither financial nor managerial accounting: Is always available on the Internet to any interested party.

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In one of his entrepreneurship discourses, Rose claimed that the last part of a presentation to the VC should be the overall presentation in a short form that would comprise the main points of the all-around presentation.

Rose concluded that these key points should be the reason to convince a Venture Capitalist to invest in the business.

Hence, in this case, it is concluded that the last part of a presentation is crucial to convince a Venture Capitalist.

Learn more here: brainly.com/question/23471689

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3 years ago
The ________ is a rule that permits employees and union officials to engage in union solicitation on company property if the emp
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inaccessibility exception

Explanation:

https://quizlet.com/205638479/b-law-ch-32-flash-cards/

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3 years ago
Faye’s bank charges her a $2.25 service fee every time she uses an out-of-network ATM. If Faye uses an out-of-network ATM twice
murzikaleks [220]

Answer:

d. $234.00

Explanation:

The computation of the service fees every year is shown below:

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= $2.25 × 2 × 52 weeks

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At which stage does advertising catch the attention of customers by building awareness of the product
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Answer:

when there is an entry of a substitute product in the market. This is the right time that customers attention need to be fully caught. When there is a general decline in the sell of the product. Advertisement is necessary.

Explanation:

3 0
2 years ago
Sampson Industries has an annual plant capacity of 70,000 ​units; current production is 59,000 units per year. At the current pr
Artyom0805 [142]

Answer:

Sampson Industries

1. How would accepting the special order impact Sampson​'s operating​ income?

The acceptance of the special order will decrease Sampson's operating income by $42,000.

2. Should Sampson accept the special​ order?

No.  Sampson should not accept the special order.  It does not make any contribution in reducing the fixed costs.  Instead, it decreases the net income.  Special orders should be accepted when they add to the contribution in defraying the fixed costs, even if they do not add to the net income.

Explanation:

a) Data and Calculations:

Annual plant capacity = 70,000 units

Current production = 59,000

Variable cost per unit = $26.00

Fixed cost per unit = $4.80

Normal Selling price per unit = $41

Special order = 70,000

Price of special order = $20

Incremental Analysis of Special Sales Order Decision

Total Order (7,000 units)

Revenue from special order $140,000

Less expenses associated with the order:

Less: Variable manufacturing cost 182,000

Contribution margin $(42,000)

Less: Additional fixed expenses associated with the order –

Increase (decrease) in operating income from the special order ($42,000)

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