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3 years ago

8

The only skill required of managerial accountants is that they have a solid knowledge of both financial and managerial accountin

g.

1 answer:

abruzzese [7]3 years ago

8 0

Answer:

False

Explanation:

we could see the following difference between Managerial and Financial accounting

Managerial Accounting

Primary User: Internal
Purpose of Information: To help managers make decisions
Focus: Segments
Frequency: As needed
Auditing: Not subject to audit
Required: No
Time Frame Focused:Future

Managerial Accounting

Primary User: External
Purpose of Information: To help investor and creditor make decisions
Focus: Entire organization as a whole
Frequency: Quarterly and annually
Auditing: Publicly held companies are audited
Required: Required by GAAP, SEC, IRS, and others
Time Frame Focused: Past (historical transactions)

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Scenario 26-3. Assume the following information for an imaginary, open economy.

Keith_Richards [23]

Answer:

GDP equals $1455, answer is D

Explanation:

GDP = Consumption + Investment + Net exports + Private saving - National saving + Taxes

GDP = 1000 + 200 - 50 + 225 - 150 + 230

GDP = 1,455

6 0

3 years ago

Selling, general, and administrative expenses were $59,000; net sales were $268,100; interest expense was $6,300; research and d

ozzi

Answer:

$35,800

Explanation:

Gross Profit = Net sales - Cost of goods sold

= $268,100 - $145,500

= $122,600

Total Operating Expense:

= S, G & A Expenses + R&D expense

= $59,000 + $27,800

= $86,800

Operating Income = Gross Profit - Total Operating Expense

= $122,600 - $86,800

= $35,800

7 0

3 years ago

Which of the following types of business usuallly has the fastest invetory turn over ?

Irina18 [472]

D grocery store.

I looked on yahoo for answers and most of the people said grocery store. Someone said that “Grocery stores would see more sales per day.”

3 0

3 years ago

tuttle enterprises is considering a project that has the following cash flow and weighted average cost of capital (wacc) data. w

erica [24]

Tuttle enterprises are considering a project that has the following cash flow and the weighted average cost of capital (WACC) data. The projected net present value is 074.36.

A project's net present value is the sum of the destiny values of the net coin flows compounded at the desired fee of going back minus the net funding. if safety gives a series of coin flows with an NPV of $50,000 and an investor will pay exactly $50,000 for it, then the investor's NPV is $0. It method they'll earn something the cut price charge is on the security.

Net present value or NPV is the sum of the prevailing value of coins inflows and outflows. In other phrases, it's far the distinction between the present values of cash inflows and the prevailing value of cash outflows over a while.net gift cost shows how a lot of money an assignment or investment will advantage or lose in terms of the present-day budget. future coins drift would not carefully mirror the current cash drift of an undertaking because of the impact of factors along with inflation and lost compound hobby so NPV adjusts for this reason.

Learn more about Net present value here:-brainly.com/question/18848923

#SPJ4

8 0

2 years ago

Merger Co. has 10 employees, each of whom earns $1,700 per month and has been employed since January 1. FICA Social Security tax

andriy [413]

Answer:

Date Description Debit Credit

March, 31 Payroll Tax expense $‭2,320.5‬0

FICA Social Security taxes $1,054

FICA Medicare taxes $ 246.50

FUTA taxes $ 102

SUTA taxes $ 918

<u>Working </u>

FICA Social Security taxes = 1,700 * 10 * 6.2% = $‭1,054‬

FICA Medicare taxes = 1,700 * 10 * 1.45% = $‭246.5‬0

FUTA Taxes = 1,700 * 10 * 0.6% = $‭102‬

SUTA Taxes = 1,700 * 10 * 5.4% = $‭918‬

Payroll Tax expense = 1,054 + 246.50 + 102 + 918 = $‭2,320.5‬0

7 0

3 years ago