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
Making the world better, one answer at a time.
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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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?
An annual reporting period consisting of any twelve consecutive months is known as Fiscal year.
The government and enterprises utilize a fiscal year (FY), usually referred to as a budget year, as the time frame for accounting to create annual financial accounts and reports. A fiscal year may not end on December 31 and is made up of 12 months or 52 weeks.
Government accounting, which differs between nations, and budgeting employ a fiscal year. Additionally, it is employed by companies and other organizations for financial reporting.
Companies and workplace groups use a fiscal year, which is a 12-month period, to submit, review, and communicate their financial accounts, budgets, and objectives. This period of time need not follow the conventional January to December calendar year pattern. Every company has a unique nature when it comes to generating revenue and succeeding.
Learn more about fiscal year here
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Answer:
c
Explanation:
Resources are means or factors used to produce goods and services that satisfy human wants.
Human wants and that of the society is unlimited but the resources available to satisfy these wants are limited. As a result, economic agents must make decisions based on the availability of resources.
Resources include :
Land are natural resources used to produce goods and services e.g. gold mine
Labor is the effort used by people in the production of goods and services.
Capital includes machinery and man made resources used in production e.g. hammer
An entrepreneur is a person who combines the other factors of production together
Answer:
1) 13.42%
2) 6.56%
Explanation:
a. Given:
Par value of bonds (FV) = $1,000
Coupon rate = 10%
Coupon payment (pmt) = 0.1 × 1,000 = $100
Present value of bond = $865
Maturity period (nper) = 6
Use spreadsheet function =rate(nper,pmt,-PV,FV)
Yield to maturity when price of bond is $865 is 13.42%
2) If PV is $1166, then yield to maturity is 6.56%
If interest rate is 12%
FV is $1,000
Pmt is $100
nper = 6
The use spreadsheet function =PV(rate,nper,pmt,FV) to compute present value of bond.
Present value of bond is $917.77
Since present value of bond is more high, one can pay $865 for each bond.
