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3 years ago

Indicate whether the following statements are true or false.

Business

1 answer:

dezoksy [38]3 years ago

7 0

Answer:

1. False,

2. False,

3. False,

4. True

Explanation:

1. Managerial accounting reports focuses on entire net profit and not specifically the manufacturing and non manufacturing cost, and are not specifically used in the budget process.

2. No financial accounting reports all the finance related issues in details but is not divided into sub units.

3. No managerial reports are not audited, they are for internal controls and are to follow GAAP but not mandatory requirement for audit.

4. Managers are responsible for the management of business, for this the main three steps are: Planning Directing and controlling.

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More accurate estimates and higher motivation are generally the result of using a(n) Blank______ budget. Multiple choice questio

katrin2010 [14]

More accurate estimates and higher motivation are generally the results of using a(n) participative budget.

What is meant by participative budgeting?

In a budgeting procedure called participatory budgeting, those in lower levels of management take part in the creation of the budget.

What are the benefits of participative budgeting?

Participatory budgeting undoubtedly provides a number of benefits, including goal congruence, fiscal responsibility, information sharing from inferior to superior, and greater subordinate work satisfaction.

Is participatory budgeting effective?

The highest-ranking engagement strategy on the participation rung is participatory budgeting because of this. Although it necessitates thorough planning and preparation, it also strengthens the legitimacy of your decision-making and the level of confidence that the community's residents have in their elected officials.

Learn more about participatory budgeting: brainly.com/question/14473563

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3 0

1 year ago

organizations can gain competitive advantage simply by matching their competition in terms of cutting cost and responsiveness to

Zepler [3.9K]

True, all business live on competition. Whatever other's may have they compete to make theirs better than the other to make a profit

3 0

3 years ago

Read 2 more answers

A company started a new product, and in the first month started 100,000100,000 units. The ending work in process inventory was 2

sukhopar [10]

Answer:

$240,000

Explanation:

Calculation for What is the value of the inventory transferred out, using the weighted-average inventory method

First step is to calculate the Equivalent material cost=

Equivalent material cost= 20,000×100%×$6

Equivalent material cost= 120,000

Second step is to calculate Equivalent conversion cost

Equivalent conversion cost=20,000×75%×8

Equivalent conversion cost=120,000

Now let calculate the value of the inventory transferred out, using the weighted-average inventory method

Inventory value transferred out= 120,000+120,000

Inventory value transferred out=$240,000

Therefore the value of the inventory transferred out, using the weighted-average inventory method is $240,000

4 0

3 years ago

You had a part time job that paid you $950 in one tax year. Do you have to file a

noname [10]

Yes, you do have to file a tax return

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3 years ago

BlendedBlended Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the year, Al

ehidna [41]

Answer:

The answer is: $2,300

Explanation:

To determine the ending balance of the account Allowance for Bad Debts of Blended Corporation, we can use the following formula:

ending balance = beginning balance - amount wrote off + recorded bad debts

ending balance = $1,300 - $1,800 + $2,800 =$2,300

4 0

3 years ago