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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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Open-end mutual funds Group of answer choices All of these. calculate the NAV based on the total value of assets held divided by

lesya [120]

Answer:

calculate the NAV based on the total value of assets held divided by the number of fund shares outstanding and may experience fluctuations in the number of shares outstanding on a daily basis

Explanation:

In the Open-end mutual funds it does not limit the no of shares what they are offering, purchase and sold on demand. In the case when the investor buy the shares in the opne-end fund so in this the fund is issued and at the time when the shares are sold by someone so they would be bought back from the fund

It should be determined the NAV depend upon the total amount of assets divided by the number of fund oustanding shares and might be experience fluctations

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2 years ago

At year-end, companies that utilize accrual-based accounting systems complete the measurement process through.

marshall27 [118]

Answer:

At year-end, companies that utilize accrual-based accounting systems complete the measurement process through posting of adjusting entries

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1 year ago

How much would $300 invested at 4% interest compounded monthly be worth after 8 years? Round your answer to the nearest cent.

Jet001 [13]

You are given an initial investment of $300 at 4% interest compounded monthly after 8 years. The solution to this question is shown below.

A(t) = P(1+r/n)^nt
A(8) = 300(1+0.04/12)^12(8)
A(8) = 300(1+0.04/12)^96
A(8) = 300(1.033)^96
A(8) = $412.91

8 0

2 years ago

Read 2 more answers

Weatherly Company reported the following results for the year ended December 31, 2016, its first year of operations: Income (per

disa [49]

Answer:

Deferred tax asset = $402,500

Explanation:

given data

Income before income taxes = $3,300,000

Taxable income= $4,450,000

tax rates 2016 = 35%

tax rates 2017 = 30%

solution

first we will take here difference between Income before income taxes and Taxable income that is

= Taxable income - Income before income taxes

= $4,450,000 - $3,300,000

= $1,150,000

we can say now taxable income is the higher income than income before income tax

so we get here Deferred tax asset that is

Deferred tax asset = 35% of $1,150,000

Deferred tax asset = $402,500

3 0

3 years ago

Choose the answer which best describes the relationship between the attribute given for a financial statement account and the li

Darina [25.2K]

Answer:

The correct answer is A

Explanation:

There is a direct relationship among the adequacy of the internal control as well as the ability of the auditor to rely on the procedures of the substantive analytical. When the entity does not have the efficient internal controls, then the auditor will rely on the procedures.

There is an inverse relationship among the RMM ( stated as risk of the material misstatement) as well as the ability of the auditor to rely on the procedures. And high RMM states that the internal control cannot be relied on to detect the material misstatement on the financial statements, which cause the auditor to rely on the tests of controls.

And there is a direct relationship among the predictability of the relationships among the data and the ability of the auditor to rely on the procedures. When the relationships are predictable, then the auditor could create a meaningful expectations which cause the procedures to be more efficient in detection of material misstatement.

3 0

2 years ago

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

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