Answer: Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.
Explanation: Managerial accounting is the type of accounting under which the managers use the accounting estimates and make several assumptions to make decisions that can affect future results of business operations.
Under financial accounting recording, summarizing and presentation of data in a financial statement is done. It is used to keep track of the past transactions hence no assumptions are needed to make for important aspects.
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Answer:
C. caretaker, nurturer
Explanation:
Generally, there are six images of managing change, which are: navigator, caretaker, coach, director, interpreter, and nurturer.
The caretaker and nurturer images have their foundations in the field of the organization theory.
The caretaker image of managing change, evaluates change and deals with issues within change. The caretaker image of managing change believes that managers are to receive change instead of initiating change.
The nurturer image of managing change ensures that change is plainly understood. It argues that no matter how little a manner of change is, it can have a very big impact in an organization
Answer:
Sam will pay $937.43 weekly or $71.64 quarterly.
The weekly plan has less total cash outflow each year because it involves lower interest charges as the payment is made more frequently.
Sam will have to pay $117.18 if the loan calls for quarterly payments.
Explanation:
The cash outflows are calculated using the PMT formula or function as follows.
Quarterly Payment:
PMT(rate = 0.08/4, nper = 8x4, pv = 22000, fv = 0, 0) = $937.43
Weekly Payment:
PMT(rate = 0.08/52, nper = 8x52, pv = 22000, fv = 0, 0) = $71.64
Annual cash outflow using quarterly payment = $937.43 x 4 = $3749.72
Annual cash outflow using weekly payment = $71.64 x 52 = $3725.28
The weekly plan has $3749.72 - $3725.38 = $24.44 less total cash outflow each year because it involves lower interest charges as the payment is made more frequently.
Sam will have to pay $3749.72 / 32 = $117.18 if the loan calls for quarterly payments.
Answer: Income J. D. recognize as a result of the distribution: $45000
Explanation:
First we'll compute the share of gain on distribution,
Share of the gain on the distribution = $40,000 - $25,000
i.e. $15,000
Now , we'll add the increase in basis from gain from property distribution,
i.e. ($15,000 original basis + $15,000 increase in basis from gain from property distribution)
So income to be recognized :3000+15000 = $ 45000