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2 years ago

Management accounting is accounting for effective management. Explain this statement.

Business

1 answer:

Marianna [84]2 years ago

4 0

Explanation:

Management is the process of organizing, commanding, coordinating and controlling administrative resources. When we talk about management accounting, we relate to a company's financial resources, which are essential for profitability, payments, investments, etc., that is, so that the business can flow effectively.

Therefore, it is correct to say that managerial accounting is the accounting for effective management because accounting is an instrument of control and management for organizing financial accounts and indexes, these being essential instruments in helping to better decision making in a period of time, giving subsidies for managers to adapt and anticipate negative financial situations for example.

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Juli2301 [7.4K]

Answer:

Healthcare practitioners & supporters and Management have highest percentage increase anticipated.

Explanation:

The Healthcare practitioners have most demand in the market is because of the fact that developing countries have higher demand for these jobs and thus they show highest growth.

On the other hand, management is the backbone of the company. We can not imagine a company without management. Hence their is an increased demand in management operations. If the GDP of the country is growing then it means the business is growing and their is increased demand for the management jobs.

The automation will affect most of the difficult jobs and would increase efficiency in the coming future. The occupations that would be affected will be aggriculture production operations.

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2 years ago

Which of the following best describes the principle of asset allocation?

faltersainse [42]

<span>The primary goal of a strategic asset allocation is to create an asset mix that seeks to provide the optimal balance between expected risk and return for a long-term

</span>

6 0

3 years ago

Daniels Transport has operating income of $68,200, interest expense of $210, dividends paid of $320, depreciation of $12,400, ot

Kisachek [45]

Answer:

Option (a) is correct.

Explanation:

Given that,

Operating income = $68,200

Interest expense = $210

Dividends paid = $320

Depreciation = $12,400

Other income = $2,100

common stock = $48,500 with a par value of $1 per share

Retained earnings = $29,700

Income before taxes:

= Operating income - Interest expense + Other income

= $68,200 - $210 + $2,100

= $70,090

Net income:

= Income before taxes - Taxes at 21%

= $70,090 - ($70,090 × 21%)

= $70,090 - $14,719

= $55,371

Shares of common stock outstanding:

= Common stock ÷ Par value per share

= $48,500 ÷ $1

= 48,500 shares

Earnings per share:

= (Net income - Preferred dividend) ÷ Shares of common stock outstanding = ($55,371 - 0) ÷ 48,500

= $1.14 per share

Therefore, the earnings per share if the tax rate is 21 percent is $1.14.

3 0

3 years ago

Suppose there is a product that is being sold in a perfectly competitive market. If the market price of the product falls, prod

yuradex [85]

Answer:

Decrease; Less

Explanation:

The producer surplus is the difference between the minimum price that a producer is willing to accept for a product and the price he actually receives.

When the market price of a product falls, the producer surplus will decrease as well.

The lower market price implies that there will be less area between the supply curve and the market price of the product.

3 0

3 years ago

An office telephone system cost $32,000.00 with an estimated residual value of $2,000.00. The system has an estimated useful lif

Amanda [17]

Sum of the year's digits is 5 + 4 + 3 + 2 +1 = 15 years.
Depreciation base: 32,000 - 2,000 = 30,000
The depreciation applied in any year is the depreciation base times (number of years remaining divided by 15). The first year has the highest depreciation, and the fifth year has the lowest.
Depreciation:
1st Year: Dep Base x 5/15
2nd Year: Dep Base x 4/15
3rd Year: Dep Base x 3/15
4th Year: Dep Base x 2/15 = 30,000 x 2/15 = 4,000
5th Year: Dep Base x 1/15

Answer is $4,000

6 0

2 years ago

Management accounting is accounting for effective management. Explain this statement.​

Management accounting is accounting for effective management. Explain this statement.