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blagie [28]
3 years ago
11

Exercise 14-01 Justin Bleeber has prepared the following list of statements about managerial accounting, financial accounting, a

nd the functions of management. Identify each statement as true or false. 1. Financial accounting focuses on providing information to internal users. 2. Staff positions are directly involved in the company’s primary revenue-generating activities. 3. Preparation of budgets is part of financial accounting. 4. Managerial accounting applies only to merchandising and manufacturing companies. 5. Both managerial accounting and financial accounting deal with many of the same economic events. 6. Managerial accounting reports are prepared only quarterly and annually. 7. Financial accounting reports are general-purpose reports. 8. Managerial accounting reports pertain to subunits of the business. 9. Managerial accounting reports must comply with generally accepted accounting principles. 10. The company treasurer reports directly to the vice president of operations.
Business
1 answer:
Bond [772]3 years ago
4 0

Answer: Please answers are in the Explanation section.

Explanation:According to the

managerial accounting, financial accounting, and the functions of management, the following apply.

1. Financial accounting focuses on providing information to internal users ,-----False

2. Staff positions are directly involved in the company’s primary revenue-generating activities---False

3. Preparation of budgets is part of financial accounting --- False

4. Managerial accounting applies only to merchandising and manufacturing companies--- False

5. Both managerial accounting and financial accounting deal with many of the same economic events.---True

6. Managerial accounting reports are prepared only quarterly and annually.--- False

7. Financial accounting reports are general-purpose reports.--- True

8. Managerial accounting reports pertain to subunits of the business--True-

9. Managerial accounting reports must comply with generally accepted accounting principles -----False

10. The company treasurer reports directly to the vice president of operations---False.

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The answer is B. Executive summary. A management summary, or executive summary, is a short article or section of a document, produced for business purposes, that condenses a longer report or proposal or a group of related reports in such a way that readers can rapidly become familiar with a large body of material without having to read it all.

6 0
3 years ago
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Assume that the economy grows by 3 percent, total factor productivity grows by 2 percent, and the labor force grows at 2 percent
RideAnS [48]

Answer:

correct option is A. True

Explanation:

given data

economy grows = 3 percent

total factor productivity grows = 2 percent

labor force grows = 2 percent

labor contributes = 40 percent

stock of capital rise = 0.33 percent

solution

we apply here Economy growth % formula that is

Economy growth % = total factor productivity + labor contributes × labor force grows + ( 1- labor contributes ) stock of capital   .............1

put here value

3% = 2% + 40% (2%) + 60% C

3% = 2.8 + 0.6 × C

C = \frac{0.2}{0.6}  

C = 33.33 %

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3 0
3 years ago
Lawrence​ Industries' most recent annual dividend was ​$1.80 per share ​(D0equals$ 1.80​), and the​ firm's required return is 11
Dima020 [189]

Answer:

The price of the stock today is $34.13

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The price of the stock that grows at two different growth rates can be calculated using the two stage growth model of DDM. The DDM requires to discount back the dividends to calculate the price of the share today.

The price of the stock today is,

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P0 = 1.8 * (1+0.08) / (1+0.11)   +  1.8 * (1+0.08)^2 / (1+0.11)^2  +  

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irakobra [83]

Answer:

<em>options B, D</em>

Explanation:

When a market system is used to determine what healthcare products to produce and distribute <em>we expect;</em>

<em>1. that these medical devices and services from the suppliers  would be  given only to those who are willing and able to pay for them. and</em>

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<em>2. Since the buyers have a say what healthcare services and products they need hospitals and doctors would at least to satisfy the tastes of buyers.</em>

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3 0
3 years ago
When __________ advertisers seek to determine the cost of advertising needed to achieve the desired objectives.
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Answer:

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