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3 years ago

For each user of accounting information, identify if the user would use financial accounting or managerial accounting.

Business

1 answer:

Nady [450]3 years ago

8 0

Answer:

a. Investor - Financial Accounting;

b. Banker - Financial Accounting;

c. IRS - Financial Accounting;

d. Manager of the business - Managerial Accounting;

e. Controller - Managerial Accounting;

f. Stockholder - Financial Accounting;

g. Human resource director - Managerial Accounting;

h. Creditor - Financial Accounting.

Explanation:

Requirement A - D

a. Investor - Financial Accounting - Investor decides after evaluating the past performance of a company whether to invest or not. They cannot provide any upper-level decisions.

b. Banker - Financial Accounting - Preparing financial statements or boosting company performance is the crucial working area for a banker. They cannot make a decision.

c. IRS - Financial Accounting - Internal Revenue Service deals with the financial statements of an organization and not deals with the organization's decision.

d. Manager of the business - Managerial Accounting - When a branch of an accounting discusses how to make managerial decisions to achieve the objective with the managers or administration, it is termed as managerial accounting. The manager of a business decides what the necessary things for a company are.

Requirement E - H

e. Controller - Managerial Accounting - The controller of an organization directly deals with the managers regarding various managerial decisions.

f. Stockholder - Financial Accounting - Stockholders cannot make any decisions. They can only give their opinions to alter the situation to maximize the value of the shares.

g. Human resource director - Managerial Accounting - Human resource director makes recruiting-related decisions that are internal. As managerial accounting deals with internal decisions, the human resource director is under the managerial accounting category.

h. Creditor - Financial Accounting - Creditors can ask for early payment, but they cannot urge the mangers to make any decisions.

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Label each of the following statements as an example of positive or normative analysis.

STALIN [3.7K]

Answer and explanation:

The difference between constructive and normative economic statements is considerable. Economists use both types of statements when addressing economic issues with varying degrees of objectivity. Positive statements state facts, which show no signs of endorsement or disapproval. Normative economics includes assumptions related to subjectivity and meaning.

1) The sugar quota in the United States costs consumers $6.08 billion a year. (Positive statement)

2) Higher tariffs on imported automobiles would decrease the demand for foreign-made cars. (Normative statement)

3) International trade should be limited because it can cause some workers to lose their jobs. (Normative statement)

4) International trade makes some people better off and some people worse off. (Positive statement)

5) The U.S. should impose import quotas in the market for consumer electronics to help domestic workers. (Normative statement)

6) The sugar quota in the U.S. is good public policy and should be made stronger. (Normative statement)

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3 years ago

Suppose the consumer price index for one year was 120 and for the next year it was 132. what is the corresponding inflation rate

Bond [772]

The corresponding inflation rate is 10%

4 0

4 years ago

An investment will pay $150 at the end of each of the next 3 years, $100 at the end of Year 4, $400 at the end of Year 5, and $4

stepladder [879]

Answer:

Present Value= $978.83

Explanation:

Giving the following information:

An investment will pay $150 at the end of each of the next 3 years, $100 at the end of Year 4, $400 at the end of Year 5, and $450 at the end of Year 6.

i= 0.09

We need to use the following formula:

PV= FV/(1+i)^n

For example:

Year 1= 150 / 1.09= 137.61

Year 4= 100/1.09^4= 70.84

Year 6= 450/1.09^6= 268.32

PV= 978.83

3 0

3 years ago

Keynes argued that a. monopolistic elements in the economy will prevent an immediate sharp fall in prices as a result of decreas

Scorpion4ik [409]

Answer:

a. monopolistic elements in the economy will prevent an immediate sharp fall in prices as a result of decreasing demand

Explanation:

When there is recession the price of the factor goes down and with that, the insufficient demand for a certain good or services is eliminated. The reasoning is that the decrease in prices stimulates demand and adjust the market.

Keynes among other economist consider that unemployment increase during recessions because the nominal wages rate do not fall. As the union and worker do not want to see their wage decrease. Same is applied to prices which makes then inflexible in a downward direction.

While "supply creates its own demand" is "Says's Law" which is rejected in keynes main book "The general theory"

Hece option A is the only one which is true

6 0

3 years ago

A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe

Bezzdna [24]

Answer:

b) 100 cars per day.

Explanation:

With the information above, we can conclude that each worker washes 20 cars per day, and earns a wage of $60 per day.

So the total labor costs per day is $60 wage per worker X 4 workers = $240

The total sales revenue per day is: 80 cars washed per day X $5 per wash = $400.

So, we can see that with four workers, the firm has a good profit of = $400 - $240 = $160.

If the firm hired a fifth worker, labor costs would increase to $320 ($240 + $60), the amount of cars washed would increase to 100, and the sales revenue would increase to $500 (100 x $5).

So, profits would increase to $180 ($500 - $320) if the firm hired a fifth worker.

However, productivity should still be stable, so a worker who washed less than 20 cars per day should not be hired, this is why the A option is wrong.

8 0

4 years ago

For each user of accounting​ information, identify if the user would use financial accounting or managerial accounting.

For each user of accounting information, identify if the user would use financial accounting or managerial accounting.