Answer:
b. may rely on estimates and forecasts
Explanation:
Managerial accounting involves not only financial information, it might also include information about production processes, customer satisfaction, etc. E.g. defective units, budgeted production output, % of closed sales, etc. Managerial accounting is used by management to supervise and control how the company is operating, not necessarily if it is making a profit or not.
Answer:
The correct answer is option e.
Explanation:
Going to the concert will be a rational decision if the cost incurred is equal to the benefit earned.
Here, the ticket costs $50. Since the ticket is lost a new ticket is needed.
The value of time is $25.
The total cost will include both implicit as well as explicit costs.
The explicit cost is the cost of tickets. The implicit cost is the value of time.
The total cost involved is
= $50 + $50 + $25
= $125
For the decision to be rational the benefit earned should be at least equal to $125.
Answer:
The answer is: $700,000
Explanation:
A company´s resource flows are the amount it reinvests to maintain (or in this case upgrade) or build a resource, for example new machinery or infrastructure renovations.
In this case, Ironhorse Tools spent $700,000 to upgrade its manufacturing facilities.
The correct answer is C. Federal income tax
Explanation:
The term "deduction" is used to describe money that is taken from your salary. In the case of full-time jobs in the U.S. salary deductions include deductions for income taxes including the federal income tax and deductions for Social security taxes because all of these taxes are established by the U.S. government and this is closely related to the amount of money you earn or your salary. Also, others such as savings, contributions to charity, etc. are not mandatory deductions. Thus, full-time employees must have money deducted from their paychecks for federal income tax.
