Given:
Price of one share in 1980 = $
Price of one share in 1989 = $
.
To find:
How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?
Explanation:
Using the given information,
Change in the value of each share = 
= 
= 
= 
= 
Value of one share increased by $
.
Value of 100 shares increased by = 
= 
= 
= 
Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.
Lowest amount of interest would be annual compounding.
Answer:
c.be prepared in accordance with generally accepted accounting principles.
Explanation:
Managerial accounting involves the use of accounting information by managers to make business decisions, this aids in management and control functions in a business.
Managerial accounting does not follow normal generally naccepted accounting practice but is ather tailored to the needs of the user. It is focused on how managers can plan for the future, develop plans for the company, and check if their earlier decisions were accurate.
Financial accounting on the other hand focuses on following accounting standards in reporting financial activity of a business.
Examples of areas of application of managerial accounting include job order costing, process costing, understanding cost behaviour, operational budgeting, and so on.