1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Two types of deposit accounts are
andre [41]

Answer:

checking and saving

Explanation:

when you opening a new bank account. the bank will ask you want to open a checking and saving account or both

4 0
3 years ago
If a hotel wishes to determine where to spend resources on renovations - on interior decor or on curb appeal or on recreational
creativ13 [48]

Answer:

The correct answer is True.

Explanation:

The term Business Intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis and presentation of commercial information. The objective of Business Intelligence is to support better business decision making.

The automatic aspect of Business Intelligence should not go unnoticed. Daily information monitoring allows you to evaluate performance, monitor inventory and track expenses in real time.

Planning strategies without a thorough data analysis is like aiming in the dark. Business intelligence lights the way to make the best decisions in the management of your hotel.

The usefulness of technology to take data from the environment for strategic knowledge is evident as soon as it is launched. By extracting essential data from the environment and presenting it on dashboards, business intelligence allows managers and managers to make informed strategic decisions.

------

NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

4 0
3 years ago
What is the importance of having a good management​
skad [1K]

Answer:

Employees need to know what is expected of them; having clear expectations helps employees do their job well. A good manager will convey his expectations and make sure employees understand them. He also will make himself available to employees, so they can have the opportunity to clarify any confusion they may have.

4 0
3 years ago
Read 2 more answers
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 average price of homes sold in the U.S. in 2012 was $240,000. A sample of 144 homes sold in Chattanooga in 2012 showed an av
Ainat [17]

Answer:

H0 : Average price of homes sold in US = 24000 ; H1 : Average price of homes sold in US ≠ 24000

t  calculated value = 2 , t critical (tabulated) value = 1.96

calculated t > critical t . Null Hypothesis is rejected, It is concluded that 'Average price of homes sold in US ≠ 24000 '

Explanation:

Null Hypothesis : Average price of homes sold in US = 24000

Alternate Hypothesis : Average price of homes sold in US ≠ 24000

t = (x' - u) / (s / √n)

x' = sample mean = 246000 (given)

u = population mean = 240000 (given)

s = standard deviation = 36000

n = no. of observations = 144

t = (246000 - 240000) / (36000/√144)

6000/ (36000/12000) = 6000/3000

t = 2

Critical value for a two tailed test at 5% significance level, 0.025 in t distribution = 1.96

Since calculated value, 2 > tabulated or critical value at significance level, 1.96. So, we reject the null hypothesis. This implies that <u>'Average price of homes sold in US ≠ 24000</u>'

3 0
3 years ago
Other questions:
  • Balance of trade summarizes
    11·2 answers
  • Hank purchased a new grill for $349 on his credit card. He had a previous balance of $225.91. A finance charge of $8.62 was asse
    7·2 answers
  • Which of the following is a benefit of a hat?
    9·2 answers
  • How do consumer expectations affect the demand for a product?
    7·2 answers
  • In​ Keynes's analysis of the speculative demand for​ money, what will happen to money demand if people suddenly decide that the
    13·1 answer
  • max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay se
    5·1 answer
  • Hailey, Inc., has sales of $19,730, costs of $9,300, depreciation expense of $1,970, and interest expense of $1,460. Assume the
    6·1 answer
  • What do the underlying values in your mission statement tell you?
    6·1 answer
  • Who is an HR manager?
    8·1 answer
  • 6. Say whether the following words are (just) vague, (just) ambiguous, both vague and ambiguous, or neither. Briefly justify you
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!