Answer: d.an annual report for external regulators such as the SEC
Explanation:
A managerial accountant is someone who records and analyzes the financial information for an organization. The data analysed will then be used to form financial decisions which can help the organization's growth.
Managerial accountants prepared ls financial information for internal reporting and not external reporting. Therefore, of the options given, the managerial accountants can prepare all the reports except the annual report for external regulators such as the SEC.
Answer:
Future Value= $53,635.17
Explanation:
Giving the following information:
Since your birth, your grandparents have been depositing $ 100 into a savings account every month. The account pays 9% interest annually.
First, we need to calculate the monthly interest rate:
Real interest rate= 0.09/12= 0.0075
Now, using the following formula, we can calculate the future value:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit= 100
n= 18*12= 216
i= 0.0075
FV= {100*[(1.0075^216)-1]}/0.0075
FV= $53,635.17
Answer:
c. 31.4%
Explanation:
As we know that
Contribution margin ratio is
= Contribution margin ÷ Sales revenue × 100
where,
Contribution margin is
= Sales revenue - Variable manufacturing expense - Variable selling and administrative expense
= $1,920,000 - $957,000 - $360,000
= $603,000
And the sales revenue is $1,920,000
So, the ratio is
= $603,000 ÷ $1,920,000 × 100
= 31.40%
