Differentiate broadly between financial accounting and managerial accounting

SAT

1 answer:

melamori03 [73]2 years ago

6 0

Managerial accounting is the practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization's goals.
Financial accounting involves recording, summarizing, and reporting the stream of transactions and economic activity resulting from business operations over a period of time to the public or regulators.
Managerial accounting differs from financial accounting because the intended purpose of managerial accounting is to assist users internal to the company in making well-informed business decisions.

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The math department at a small school has 5 teachers. The ages of these teachers are 23, 34, 37, 42, and 58. Suppose you select

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The graph that shows the sampling distribution of the sample minimum age is; Option C Graph

<h3>Sampling distribution</h3>

We are given the ages of the 5 teachers as;

23, 34, 37, 42 and 58.

The options that show the sampling distribution of the sample minimum age has been attached.

Since 4 teachers will be selected out of the 5, it means that the minimum age of the 4 selected teachers will be 23 years of age 4 time while the minimum age will be 34 if the 23 year old teacher is not selected.

In conclusion, the sampling distribution for this scenario of minimum age should show 4 teachers at the 23 year mark and 1 teacher at the 34 year mark.

Read more about sampling distribution at; brainly.com/question/15077367