What is the primary criterion for the preparation of managerial accounting reports?
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meet managers need
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Answered by The WikiAnswers® Community
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What is Managerial accounting?
Answered in BUSINESS & FINANCE
What is Managerial accounting?
Managerial accounting is different to financial accounting because it is the one called cost accounting. It is the process in which it is needed to identify, measure, anal… (MORE)
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Answered by The WikiAnswers® Community
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Should accountants only focus on financial statements and not on production of managerial reports?
Answered in BUSINESS ACCOUNTING AND BOOKKEEPING
Should accountants only focus on financial statements and not on production of managerial reports?
It excludes money paid as salaries or wages to employees.
Answer:
The reason many consumers have changed their views about the value of online content so that they are now willing to pay small fees for it is that:
The costs and quality of online products and services compare with those in stores. Since online transactions are relatively more secure than physical transactions, people are generally more willing to pay for the secured transactions offered online.
Explanation:
In the modern computer age, many products and services are now being offered online. This makes the physical stores of yesteryears unnecessary. People are even ready to pay some small fee to receive these goods and services through online transactions instead of visiting physical stores to pick their desired products and services. This has reinforced online marketing and delivery of products and services. Many companies are now jettisoning their physical stores to trade online. And customers are finding the experience uplifting, secure, and satisfactory. One can transfer money to distant suppliers of goods and services without leaving their offices and homes. Overcrowding in banking halls and paper expenses are being avoided. Banks are also reducing their physical infrastructure and personnel. These are among the benefits of online content-based transactions.
Answer:
The answer is e. growing
Explanation:
The reason international business will continue to grow is because no nation can meet all its needs by itself. There will always be importation and exportation. This is where Comparative Advantage comes in.
What is comparative advantage?
- Simply put, this is the ability of a company or an economy to produce and sell goods and services at a lower price than its competitors, and still realize a larger sales margin. This theory was introduced by the English political economist David Ricardo in 1817.
Another reason why international trade will continue to grow is because of Absolute Advantage.
- Absolute advantage refers to the ability of an economy or a company to produce more or better goods and services than its others.
Let us assume that country A cannot produce its own oil, but country B can. In this scenario, country B has Absolute advantage over country A, therefore country A will naturally import oil from country B regardless of whether there are trade restrictions between them. This is because country A must fulfill its oil needs whether it likes it or not.
