All categories

3 years ago

Managerial accounting information is generally prepared for a. shareholders b.creditors c.managers d.regulatory agencies

Business

1 answer:

amm18123 years ago

8 0

Answer:

Correct option is (c)

Explanation:

Managerial accounting reports are prepared for the internal use by managers within different departments in the organization. They may or may not be published for external users like creditors or customers.

These reports need not comply to any established authorities like GAAP or IFRS. They are used by managers for various decision making purposes, so they can be prepared as per the manager's convenience.

You might be interested in

Exercise 183 Wayne Company reported net income of $265,000 for 2020. Wayne also reported depreciation expense of $45,000 and a l

Cerrena [4.2K]

Answer:

Net cash flow of the operating activities is $356,000

Explanation:

Wayne Company

Partial statement of Cash flow

For the year Ended December 31, 2021

Cash flow from operating activities:

Net Income $265,000

Adjustment to reconcile net income to net

cash provided by operating activities

Depreciation expenses $45,000

Loss on sale of equipment $8,000

Decrease in accounts receivable $15,000

Decrease in prepaid expenses $6,000

Increase in accounts payable $17,000 $91,000

Net cash provided by operating activities $356,000

7 0

3 years ago

Which two tasks does a public affairs officer do?

spayn [35]

Answer:

planning publicity strategies and campaigns. writing and producing presentations and press releases. dealing with enquiries from the public, the press, and related organisations. organising and attending promotional events such as press conferences, open days, exhibitions, tours and visit.

8 0

3 years ago

Henry's savings account has an APR of 3.65%

Kisachek [45]

Answer:

and Leah is saving her account APR of

5 0

2 years ago

Assume that the resort town of Ocean View passed a law imposing an extra tax on boardwalk food businesses that used plastic cups

TEA [102]

Answer:

The answer is: A) Is the law rationally related to a legitimate government interest?

Explanation:

A legitimate government interest applies when a government (in this case municipal government) passes a law to protect the health, safety, and economy of it's citizens.

This law will probably be reviewed using a rational basis, which is the least strict type of legal scrutiny.

3 0

3 years ago

Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $158,000 Credit sale

IceJOKER [234]

Answer:

$8,870

Explanation:

Calculation to determine the balance in the allowance for doubtful accounts after bad debt expense is recorded

Using this formula

Balance in the allowance for doubtful accounts=

(Credit sales* Percentage of Credit sales)+Allowance for doubtful accounts credit balance

Let plug in the formula

Balance in the allowance for doubtful accounts= ($458,000*1.5%)+$2,000

Balance in the allowance for doubtful accounts=$6,870+$2,000

Balance in the allowance for doubtful accounts=$8,870

Therefore the balance in the allowance for doubtful accounts after bad debt expense is recorded will be $8,870

6 0

2 years ago