Financial and managerial accounting are similar in that both.

Answers

Answer 1

Financial and managerial accounting are similar in that both are used to collect and analyze financial data and help organizations make informed decisions. However, there are some key differences between the two types of accounting.

Financial accounting is focused on external reporting and is required for regulatory and compliance purposes. It provides information to external stakeholders such as investors, creditors, and regulatory bodies. Financial accounting includes the preparation of financial statements such as the income statement, balance sheet, and cash flow statement.Managers use managerial accounting to make internal business decisions. It is focused on providing information to managers within an organization to help them plan, control, and evaluate business operations. Managerial accounting includes cost accounting, budgeting, and performance measurement. This information is used to make decisions related to product pricing, production processes, and resource allocation.

In summary, while both financial and managerial accounting use financial data to make informed decisions, financial accounting is focused on external reporting, while managerial accounting is focused on providing information to managers within an organization to help them make internal business decisions.

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Related Questions

“The needs of a society conflict with the goals of the financial services industry’s desire to make a profit.” Do you agree or disagree?

Answers

Answer:

I do not agree that "the needs of a society conflict with the goals of the financial services industry's desire to make a profit", but on the contrary, I consider that the economic objectives of the financial system contribute to the well-being of the individuals that make up society, with which they satisfy the needs of this in an indirect way.

I believe this because the financial system, through its will to profit, creates jobs and economic opportunities for individuals, who would otherwise be forced to meet their needs without the help of a system designed to profit as a result of work done (such as communism).

PLEASE HELP ASAP

If you were to taking a loan out for a car. what loan is the best?

Answers

Answer:

a loan from the bank or the car manufacturers

Answer:

Financial loan or a loan rom the bank will be better!!!!!!!!!!!!!

Explanation:

HOPE IT HELPS UUUUUUUUUUUU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

If you are interviewed by more than one person, you should send a thank-you note to _____.


each person in the interview

each person you see in the building

the first person you are introduced to

the person who is obviously leading the interview

Answers

Answer:

option A is correct.

i.e.

each person in the interview.

Explanation:

Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.

_BLANK_ is the opposite of life insurance; it pays while you are alive.

Answers

Answer:

Annuity

Explanation:

Life Insurance & Annuity have opposite goals.

Life Insurance provides insured person's family with lump sum payment, after individual dies.

Annuity provides insured person with assured income streams, throughout his or her lifetime.

They are opposite as one facilitates lifetime income security, however the other after life financial security.

which onscreen form is used to record a vendor transaction when a payment is made at the time of purchase?

Answers

The onscreen form which is used to record a vendor transaction when a payment Is made at the time of purchase is the bill form.

What is the bill form?

A Bill form records expenses paid for at the time the product or service is received via paying cash, check or credit card. An Expense form records services the company has received and must pay the vendor later. When recording an account payable, debit the asset or expense account to which a purchase relates and credit the accounts payable account.

When an account payable is paid, debit accounts payable and credit cash.

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Net wealth is best defined as...​

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Net worth is a measure of wealth. Net worth is the sum of all assets owned by a person or a company, minus any obligations or liabilities.

How does industrial education affect industries?​

Answers

Answer:

Industrial education will help student to know and understand industry demand. ... First, adaptability is a skill will help students to know and understand industry work and world, such as how to use technology, follow all industry SOP, all new chalanges industry, etc. Second, communication is an important skills to had.

The person before me already gave an answer so what’s the point if I do it

what happens if the spots are made too large when preparing a tlc plate for development

Answers

If the spots are made too large on a TLC plate, it can lead to overlapping spots, poor resolution, uneven development, and saturation.

If the spots are made too large when preparing a thin-layer chromatography (TLC) plate for development, it can lead to several problems:

1. Overlapping spots: When the spots are too large, they may overlap with each other, making it difficult to distinguish between them. This can cause inaccurate results and make it challenging to analyze the TLC plate.

2. Poor resolution: If the spots are too large, the separation of the components in the mixture may be poor, resulting in low resolution. This can make it difficult to identify the individual components in the mixture.

3. Uneven development: Large spots may not develop evenly, with the center of the spot developing faster than the edges. This can lead to inaccurate results and make it difficult to interpret the TLC plate.

4. Saturation: If the spots are too large, they may saturate the TLC plate, making it difficult to detect other components in the mixture. This can lead to inaccurate results and make it challenging to analyze the TLC plate.

To avoid these problems, it is important to make sure that the spots are small and evenly distributed on the TLC plate. This can be achieved by using a micropipette to apply the sample, making sure to apply the sample in a small, concentrated spot. Additionally, it is important to allow the spots to dry completely before developing the TLC plate to ensure that they do not spread.

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If a causal relationship can be established, expenses are reported in the same period that the related revenue is recognized.
a. true
b. false

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In case if a causal relationship can be established, it is an obligation to report the expenses in the same period that the related revenue is recognized. Therefore, the statement given above is true.

What is the significance of causal relationship?

A causal relationship can be referred to or considered as a relationship that is generated over a course of long run through a chain of events. The expenses are clubbed under the same account in case of such relationship.

Moreover, if the chain of events is a part of the same period, then the expenses related to the causal relationship are also considered in the same period when the revenues are recognized, even if unrealized.

Therefore, the statement given above holds true and states regarding the significance of causal relationship.

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How do you make decisions?

Answers

Answer:

Explanation: Making decisions can be challenging, but there are some steps you can take to make the process easier and more effective:

Identify the decision to be made: Start by clearly defining the problem or situation you're facing.

Gather information: Collect all the relevant information you need to make a decision. This can involve researching, seeking advice from others, or gathering data.

bradley wants to focus on just the details of one of the reports, without seeing the data. which of the following should he use?
a. report view
b. layout view
c. print preview
d. design view

Answers

If Bradley wants to focus on just the details of one of the reports, without seeing the data, he should use design view, hence option D is correct.

Report view displays the report as it will look on paper. Layout view displays both the data and the report as it will look on the screen.

The print preview displays the report exactly as it will print, but it also lets you edit the document. The report's structure is displayed in design view, but the data is hidden.

Bradley should therefore use design view to concentrate solely on one report's details while obscuring the data.

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Required-: JOURNAL ENTRY
Paid Rs. 28,000 to Sansee stores in fullsettlement of Rs. 30,000 by cheque
please help Me with this.
I'm still confused in it.​

Answers

Explanation:

Given:

Paid 28,000 in full settlement

Explanation:

Books of (......LTD)

Journal entries

Particular                                                  Debit   Credit

Sansee stores              A/C DR.             30,000

To Discount                 A/C CR                           2,000

To Bank                        A/C CR                          28,000

pressure to perform may disrupt attention to task performance by

Answers

Pressure to perform may disrupt attention to task performance by causing increased stress and anxiety. When individuals feel pressure to meet high expectations or achieve specific goals, they may experience heightened levels of stress and anxiety.

This can result in cognitive and emotional disruptions that affect their ability to focus and concentrate on the task at hand.

The presence of pressure can lead to a shift in attention away from the task itself and towards concerns about outcomes, evaluation, or the fear of failure. This attentional shift can impair performance by diverting cognitive resources away from the task and towards managing the pressure and associated emotions .

Furthermore, pressure to perform can induce a state of arousal that may hinder information processing and decision-making. Increased arousal levels can lead to narrowed attention, reduced working memory capacity, and decreased cognitive flexibility, making it difficult to effectively allocate attention to task-relevant information.

Overall, pressure to perform can disrupt attention to task performance by increasing stress and anxiety, shifting attention away from the task, and impairing cognitive functioning. It is important for individuals to manage and cope with pressure effectively to maintain optimal attention and performance.

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The purchased and installation costs of some pieces of equipment are given as a function of weight rather than capacity. An example of this is the installed costs of large tanks. The 1990 cost for an installed aluminum tank weighing 45,000 kg was $640,000. For a size range from 90,000 to 450,000 kg, the installed cost weight exponent for aluminum tanks is 0.93. If an aluminum tank weighing 300,000 kg is required, what capital investment is needed in the year 2000?

Answers

The capital investment needed in the year 2000 for an aluminum tank weighing 300,000 kg would be approximately $2,818,208.80.

To calculate the capital investment needed for an aluminum tank weighing 300,000 kg in the year 2000, we can use the weight exponent provided and the given information.

The weight exponent for aluminum tanks is 0.93, which means that the installed cost is related to the weight of the tank according to the following equation:

Installed Cost = Installed Cost at a Reference Weight × (Weight/Reference Weight)^Weight Exponent

Installed Cost at Reference Weight (1990) = $640,000

Reference Weight = 45,000 kg

Weight of the tank required (2000) = 300,000 kg

Let's calculate the capital investment needed for the aluminum tank in the year 2000:

Installed Cost (2000) = $640,000 × (300,000 kg / 45,000 kg)^0.93

Installed Cost (2000) = $640,000 × (6.6667)^0.93

Using a calculator, we can calculate the value inside the parentheses:

(6.6667)^0.93 = 4.4047

Now, we can substitute this value back into the equation:

Installed Cost (2000) = $640,000 × 4.4047

Installed Cost (2000) = $2,818,208.80

Therefore, the capital investment needed in the year 2000 for an aluminum tank weighing 300,000 kg would be approximately $2,818,208.80.

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stockholders' equity as of december 31 at the end of the next year, assuming that assets increased by $79,370 and liabilities increased by $19,000 during the year. fill in the blank 2 of 2$

Answers

The stockholders' equity as of December 31 at the end of the next year is equals $60,370.

What is a stockholders' equity?

It refers to the assets remaining in a business once all liabilities have been settled. It is calculated by subtracting the total liabilities from total assets; it can also be calculated by taking the sum of share capital and retained earnings and less treasury stock.

Basically, the stockholders' equity means the remaining amount of assets available to shareholders after paying liabilities to all due owners.

Given data

Assets increased by $79,370

Liabilities increased by $19,000

Estimated stockholders' equity = $79,370 - $19,000

Estimated stockholders' equity = $60,370

Therefore, the stockholders' equity as of December 31 at the end of the next year is equals $60,370.

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what manual input will you need to provide when setting up a performance max for store goals campaign?

Answers

Establish a new goals and select your objective. Choose Campaigns from the page menu on the left, Select New campaign by selecting the + button, Choose an advertising goal for your campaign, Confirm your campaign's conversion objectives, Choose Performance Max as the kind of your campaign.

Setting objectives for yourself can help you to stay motivated. Setting goals isn't just about creating a plan for your life and holding yourself accountable; it's also about inspiring us to aspire for things we've  propensity to never have imagined possible. The abbreviation SMART refers to the five elements of specific, measurable, achievable, relevant, and time-based goals. These factors are crucial for establishing a shared life goal, such as mine to get into a top school, attend a renowned university, and find a respectable profession. A goal is a vision for the future or a desired outcome that an individual or group of individuals commits to envisioning, planning, and achieving.

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boi, why am i alive.-

Answers

Ahah relatable but anyways u good?

Answer: so you can grow older

Explanation:

Which of the following is not a way to finance your new business.

A. loans from family/friends

B.your own money

C.loan from a bank

D.sweat equity

Answers

Answer:

sweat equity

Explanation:

Hope this helps! Can I have the crown thingy

Gross profit is calculated by deducting the cost of goods sold (CDGS) from your total sales. If a company's gross profit ratio is calculated by dividing gross profit by total sales, find the total sales given the cost of goods sold is $ 48,000?

Answers

Gross profit is a company's revenue minus its cost of goods sold (COGS). This calculation gives a company a better understanding of its overall profitability, as it measures the amount of money left over after accounting for the direct costs associated with producing and selling its goods and services.

The formula for calculating gross profit ratio is: Gross Profit Ratio = Gross Profit / Total Sales. If a company's gross profit ratio is calculated by dividing gross profit by total sales, find the total sales given the cost of goods sold is $48,000:We can use the formula to calculate the company's gross profit first, then divide by the given gross profit ratio to find the total sales.

Gross Profit = Total Sales - Cost of Goods SoldGross Profit Ratio = Gross Profit / Total SalesRearranging the formula for Gross Profit, we have:Gross Profit = Gross Profit Ratio x Total SalesSubstituting the given values, we get:Gross Profit = (Gross Profit Ratio) x (Total Sales)= Gross Profit Ratio = (Gross Profit) / (Total Sales)= Gross Profit Ratio x Total Sales = Gross Profit= (Gross Profit Ratio) x (Total Sales) = (Total Sales - Cost of Goods Sold)Therefore,Total Sales - Cost of Goods Sold = (Gross Profit Ratio) x (Total Sales)Total Sales - $48,000 = (Gross Profit Ratio) x Total

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Can you be wise and intelligent at the same time .

Answers

Answer:

yes :)

Explanation:

wisdom comes from experience intelligence doesn't

Answer:

yes of course .................

When the selecting the purchasing method to use as the lot size when replenishing a part in inventory, what factor would recommend using the economic order quantity?.

Answers

When the selecting the purchasing method to use as the lot size when replenishing a part in inventory, the factor that would recommend using the economic order quantity is need to manage cost.

What is an Economic Order Quantity in Inventory Management?

In Inventory Management, an economic order quantity means the ideal order quantity a company should purchase in order to minimize its inventory costs such as holding costs, shortage costs, and order costs.

This quantity is used in inventory management which is the oversight of the ordering, storing, and use of a company's inventory. An Inventory management is also tasked with calculating the number of units a company should add to its inventory with each batch order to reduce the total costs of its inventory.

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what is the potential for losing money in the stock market if an individual keeps their money invested for one year?

Answers

It is estimated that both novice and experienced stock market investors alike lose up to 90% of their investment.

Why do 90% of traders experience a loss?

Trading too much, not conducting enough research, averaging your holdings, and relying too heavily on recommendations are some common mistakes made by intraday traders. Many day traders have suffered losses as a result of these errors. 90% of intraday traders experience financial losses.

Why you ought to stop trading?

You should stop trading right away if you find yourself in debt or unable to support your daily needs. This is a key indicator that it's time to stop trading. Unlike a job where you receive a defined salary each month, trading does not have a set reward.

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do you guys like Canada? or leaves in Canada and do you thin im a cut Canadian

do you guys like Canada? or leaves in Canada and do you thin im a cut Canadian

Answers

Answer:

I love canada but I live in america :(

but hey we just got the Cheeto out so it's getting better here (*˘︶˘*).。*♡

which one of the following statements regarding corporations is correct?A. A corporation is a separate legal entity.B. A corporation has easy transferability of ownership.C. A corporation may have the ability to raise large amounts of capital.D. A corporation's owners have unlimited liability.

Answers

A corporation is a separate legal entity is a most correct  among the following regarding corporation.

Option A is correct.

Corporation:

A corporation is a type of business owned by shareholders who elect a board of directors to oversee the company's operations. The business's actions and finances are the responsibility of the corporation, not the shareholders.

What is a corporation's purpose?

Academics refer to the "shareholder primacy norm," and many refer to the task of corporate managers as "shareholder wealth maximization." Today, the standard response is that a corporation exists to benefit its shareholders.

What is the corporate structure?

A management team and a board of directors make up the most common corporate structure in the United States. Most of the time, there are both inside directors who work every day at the company and outside directors who can make sound decisions.

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Tanya has just received a major order from northrop corporation for her firm’s hydraulic lift equipment. after reviewing the order information, tanya will?

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Tanya has just received a major order from Northrop corporation for her firm’s hydraulic lift equipment. after reviewing the order information, Tanya will send an acknowledgement that the order has been received.

Order Acknowledgement refers to the company's acknowledgment letter outlining the terms and circumstances under which it will give the customer the Equipment and/or the Services.

Order acknowledgements essentially notify a customer how much of a product they can anticipate from a seller. This information exchange can happen automatically without the need for faxing, emailing, or manually inputting orders into the system if all parties are using automated, integrated EDI systems.

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Economists use the concept of ceteris paribus to examine a change in in a model. True or false?.

Answers

The statement given "Economists use the concept of ceteris paribus to examine a change in in a model. " is true because the Ceteris paribus is a Latin phrase that means "all other things being equal."

Economists use this concept to examine the effects of a specific change or factor in a model while assuming that all other relevant factors remain constant. By holding other variables constant, economists can isolate the impact of the specific change they are studying and analyze its effects more accurately. This technique allows economists to make simplified assumptions and focus on the relationship between cause and effect.

Therefore, the statement is true, and economists do use the concept of ceteris paribus in their analysis.

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When the price elasticity of demand is equal to 1 the demand is said to be?

Answers

The elasticity of demand is unitary if the value is 1. In other words, changes in quantity follow those in price.

Elasticity quantifies how much one economic indicator changes by percentage in reaction to a change in another. A 10% price rise results in a 20% decrease in demand quantity if the price elasticity of demand for that object is -2. In neoclassical economic theory, elasticity is a key idea that aids in understanding a variety of economic concepts, including the incidence of indirect taxation, marginal concepts related to the theory of the firm, wealth distribution, and different types of goods related to the theory of consumer choice. When talking about how welfare is distributed, particularly in terms of consumer, producer, or government surpluses, a grasp of elasticity is crucial. Elasticity is a key notion in many economic theories, and it may be seen in a number of key indicators. These include the elasticity of demand at different prices, the elasticity of supply at different prices, the elasticity of demand at different income levels, the elasticity of substitution between factors of production, the cross-price elasticity of demand, and the elasticity of substitution across time. The idea of elasticity appears in various key indicators and is prevalent in many economic theories. Price elasticity of supply, price elasticity of demand, income elasticity of demand, elasticity of substitution between components of production, cross-price elasticity of demand, and elasticity of intertemporal substitution are a few of these.

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The elasticity of demand is unitary if the value is 1. In other words, changes in quantity follow those in price.

How does price elasticity work?

A good's quantity sought is calculated using its price elasticity of demand. Almost all items see a decline in demand when prices rise, but certain goods are more affected than others.

The price elasticity gives the percentage change in the quantity needed when a price rises by 1% and all other variables stay the same. A 1% rise in price causes a 2% decrease in the amount sought if the elasticity is 2. Other elasticities measure the impact of changes in other variables on the required quantity.

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You should induce vomiting in a child you suspect has been poisoned ONLY when

you have been instructed to do so by the poison center expert.

True

O False

Answers

Answer:

The correct answer is the option: False.

Explanation:

To begin with, when it comes to terms of helping someone and moreover saving someone's live it is absolutely necessary to always act in order to make sure that everything that was possible to do was done, so therefore that it is understandable that in a case where a child has been poisoned with something then the person closer must know that he could induce vomiting by putting the finger into the throat, gently, so that the body will automatically try to throw up. Otherwise if the person might have not been instructed by the poison center expert and the kid is posible to pass out then the situation can get worse if the person does not do something.

What would you do if fear was not a factor and you could not fail?

Answers

Answer:

I would take advantage while it still lasts

Explanation:

but in real life that actually is a thing to I cry myself to sleep

1. In the POW camps of WWII, what did prisoners do with the contents of their Red Cross packages
that "maximized individual satisfaction"?*
(1 Point)
Prisoners gave away things they didn't want
Prisoners traded for what they wanted.
Prisoners hoarded their meager supplies.

Answers

Answer:

The correct option is;

Prisoners traded for what they wanted

Explanation:

In the war camps, being that there where no privileged persons, everyone had to trade what they where given as rations for what they needed and as such trading became predominant in the camp as those who could afford to manage without taking some of the package contents from the Red Cross such as beef, coffee, biscuits and cheese can trade for other items with some making small fortunes in cigarettes (which became more or less the currency) and biscuits.

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A woman in labor is experiencing hypotonic uterine dysfunction. Assessment reveals no fetopelvic disproportion. Which group of medications would the nurse expect to administer?A) SedativesB) TocolyticsC) OxytocinsD) Corticosteroids name the quality management process discussed in chapter 8. (hint: it is not total quality management) explique cmo ha sido afectada la economa de la Ecuatorianos debido al covi 19? The boiling point of three components A, B and C of petroleumare 120C, 70C, 250C respectively. If a mixture of these three isfractionally distilled, which of these will be obtained at the bottomof the distillation column? How do you solve 2x^2 - 7x -5= 0 in quadratic form? Question 21 of 22 Which of the following sentences best represents a plot's climax? O A. Sometimes he would dream about faraway places and forget what he was doing. OB. He liked to sail his boat on the open ocean waters. A C. Stuart learned his lesson never to sail in stormy weather. O D. Stuart feared he would never survive this big storm and would be lost forever. I need to turn this in please help please help thanks!!! Five years ago, you decided to purchase the stock of Straka Golf Gear. This stock has had returns of -21 percent, 10 percent, 2 percent. 6 percent, and 10 percent over these past five years. What is the standard deviation of these returns? Multiple Choice 15.34 percent 14.41 percent 14.58 percent 15.89 percent 14.18 percent choose all the functions of the enteric nervous system. multiple select question. to regulate the secretion of digestive enzymes to regulate the respiratory rate to regulate the formation of gametes to regulate motility through the digestive tract to regulate salivation Which is a method that can help people manage weight in a healthy manner?Run two miles every day.Drink water instead of soda.Sleep eight hours every night.Spend time outdoors when possible. Your classmates from the University of Chicago are planning to go to Miami for spring break, and you are undecided about whether you should go with them. The round-trip airfare is $600, but you have a frequent-flyer coupon worth $500 that you could use to pay part of the airfare. All other costs for the vacation are exactly $900. The most you would be willing to pay for the trip is $1,400. Your only alternative use for your frequent-flyer coupon is for your trip to Atlanta two weeks after the break to attend your sister's graduation, which your parents are forcing you to attend. The Chicago-Atlanta round-trip airfare is $450. If the Chicago-Atlanta round-trip air fare were $350, should you use the coupon to go to Miami? consider how the action potential that initiates contraction is delivered to the muscle cell. which of the choices below correctly describes how an action potential generated at the neuromuscular junction (nmj) is converted to excitation in the muscle fiber? A pre-existing condition isa condition that you had before you started your current health plana condition that makes you prone to a secondary illnessa condition that is found before birtha condition that cannot be treated which statement(s) accurately describes the typical infant's achievement of milestones in gross motor skills? select all that apply. Ana is 555 years younger than her sister, Beatriz. 1. Write an equation that represents how old Ana is (a) when Beatriz is b years old. 2. How old is ana when Beatriz is 23 yrs old? If you were born 10 years ago how old are you today.Just for fun In the context of monitoring and controlling tasks for project quality management, ____ decisions determine if the products or services produced as part of the project will be accepted or rejected. Lewis High School is going to select a committee. The committee will have a faculty member, a male student, a female student, and a parent. Here are the positions and the people interested in each.Position People interested Faculty members Dr. Wright, Mr. Torres, Mrs. Lee, Ms. Reed Male students Jose, Ali, Tony Female students Donna, Keiko, Rita Parent Dr. Wilson, Dr. Patterson, Ms. Rivera, Mrs. Ross, Ms. Bell _______ changes were enacted early in the french revolution with the adoption of this document which included the end of feudalism and a statement protecting basic human rights.