Managerial accounting differs from financial accounting in several areas. Specify whether each of the following characteristics relates to managerial accounting or financial accounting.
a. Reports are usually prepared quarterly and annually.
b. Information is verified by external auditors.
c. Focus is on the past.
d. Main characteristic of information is that it must be relevant.
e. Reports tend to be prepared for the parts of the organization rather than the whole organization.
f. Primary users are internal (i.e., company managers).
g. It is governed by Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
h. The primary characteristics of information are that it must be reliable and objective.
i. Reports are prepared as needed.
j. It is not governed by legal requirements.
k. Primary users are external (i.e., creditors, investors).
l. Focus is on the future.
m. Reporting is based mainly on the company as a whole.

Answers

Answer 1

The information given is differentiated into either managerial accounting or financial accounting below:

Main characteristic of data is that it must be reliable and objective = Financial accounting.Not governed by legal requirements = Managerial accountingPrimary users are external (i.e creditors, investors) = Financial accountingFocused on the future = Managerial accountingReporting is based mainly on the company as a whole= Financial accountingReports are usually prepared quarterly and annually= Financial accountingInformation is verified by external auditors = Financial accountingFocused on the past = Financial accounting

What is managerial accounting?

Managerial accounting is a method of accounting that creates statements, reports, and documents that help management in making better decisions.

Financial accounting is concerned with the summary, analysis and reporting of financial transactions related to a business.

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Related Questions

Effective report writers use ________ to introduce sections that include important or complex
topics and ________ to help readers absorb the information they just read.
A) foresight; reflection
B) inclusive ideas; deductive reasoning
C) hedging sections; forecasting sections
D) informational taglines; summary statements
E) preview sections; review sections

Answers

Effective report writers use preview sections to introduce important or complex topics and review sections to help readers absorb the information they just read. The correct answer is E) preview sections; review sections.

Preview sections are brief summaries of what the reader can expect to learn in the upcoming section. They provide a roadmap for the reader to follow and help to orient them to the upcoming content. Review sections, on the other hand, summarize the main points that were covered in the previous section. They help to reinforce the information and aid in retention. Both preview and review sections are essential components of an effective report. They serve as signposts for the reader and can help to make the report more understandable and digestible. Overall, using preview and review sections can make a report more effective by guiding the reader through complex information and ensuring that they retain important points.

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Explain how a person who pursued a career in accounting could succeed as an entrepreneur.

Answers

Answer:

own their own accounting business

How are college costs different based on the type and location of the school you choose as well as
your room and board arrangement?

Answers

Answer:

If you choose a private university, chances are your tuition is going way up. Prestigious university with accredited programs can also be a bit pricey. Same thing goes for Ivy league schools. Community colleges are relatively inexpensive anywhere you go. Universities in big cities often have a higher tuition if you're considering location. Room and board arrangements differ. If you choose to live on campus in a basic dorm the expense won't be too bad. Colleges could also have the option of off campus housing which is way more expensive and they have different rooms you can choose from. Meal plans are also included in room and board so that's something to consider.

Explanation:

percy lives in two periods. his earnings in the present are 150; in the future he will earn 10% more than today. the interest rate is 5 percent. if his consumption today is 160, what is the most he can consume in the future?

Answers

If Percy wants to maintain the same standard of living in the future as he has today, he can consume up to $157.14 in the future.

To find out the most Percy can consume in the future, we need to calculate his future earnings first.

Percy's earnings in the future can be calculated as follows:

Future Earnings = Present Earnings x (1 + Growth Rate) = 150 x (1 + 0.10) = 165

Now we can use the concept of present value to determine the most Percy can consume in the future. Present value is the current value of a future payment, taking into account the time value of money and the interest rate.

Present value of future earnings = Future Earnings / (1 + Interest Rate) = 165 / (1 + 0.05) = 157.14

This suggests that if Percy wants to retain his current level of life in the future, he can spend up to $157.14 in the future. However, if he wants to consume more in the future, he will need to save a portion of his current income and invest it at a rate that will allow him to achieve his desired level of consumption in the future.

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People producing goods and services are called

Answers

Answer: human resources

Explanation:

Select all of the benefits to buying a home.

Select all of the benefits to buying a home.

Answers

Answer:

The value of the home generally increases over time

The quality of your home increases

Once the mortgage is paid in full you own the home

You can make improvements in the place

You are the sales manager for a multinational solar energy company. Recently, your company distributed its ________ that outlines its long-term goals and directions,

Answers

The firm's strategic plan is the document that distributed which outlines its long-term goals and directions,

What is a strategic plan?

A strategic plan is a formal document that is mainly used to communicate the organizations goals to others.

These document is essential because its let to know the actions that needed to achieve those goals.

In conclusion, the strategic plan is the document that distributed which outlines its long-term goals and directions,

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Determine the monthly payment of a loan for $3,000 at 7. 5% interest compounded monthly for 36 months. A. $93. 32 b. $95. 40 c. $211. 33 d. $253. 60.

Answers

The correct statement is that the monthly payment of a loan of $3000 will be $104.11. The calculations obtained are not relevant with the options of the statement quoted above.

The calculations can be done by applying the values to the formula of compounded interest and then further multiplying the values obtained with the number of monthly payments.

Calculation of Compounded Monthly Payments

The formula to calculate compound interest is as below.

\(\rm Compounded\ Annuity= 3000(1+ \dfrac{0.075}{12})^1^2\ ^x\ ^3\\\\\\\rm Compounded\ Annuity= 3000(1+ 0.00625)^3^6\\\\\\\rm Compounded\ Annuity= $3754.11\)

The values obtained will now be derived into the following formula,

\(\rm Compounded\ Payments = \dfrac{Annuity}{No.\ of\ Monthly\ Payments}\\\\\\\rm Compounded\ Payments = \dfrac{3754.11}{36}\)

Continuing further,

\(\rm Compounded\ Payments= \$104.11\)

So, it is clear that the compounded monthly payments will be $104.11.

Hence, the monthly payment of loan for 36 months will be $104.11 which will be paid monthly at the rate of 7.5%.

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What might be an advantage of using credit

Answers

it builds your credit
You can buy things immediately when you don’t have your own personal money, and pay it off later on.

3
what is not example of an Internal Stakeholder?
-
O
Owner
Customers
Manager
Employees
None of the Above

Answers

Answer:Imagine you’re Charlie in Willy Wonka and the Chocolate Factory.

This whole business is all yours! Run around it, eat all the free snacks, enjoy all of the delicious, owning-your-own-business feelings. And then get into work the next day and realize…

Who actually does all of the stuff here? Who’s actually running this place?

Well you, of course. But not just you. Many people have personal and financial interests in your business, and those people are called stakeholders.

What types of stakeholders do you need in business? In this post you get to learn:

The 10 types of stakeholders you meet in business

Stakeholder vs. shareholder – have you been referencing the wrong one?

What types of stakeholders are there?

No, that’s not a typo. Each of the types of stakeholders in a business are categorized in 3 ways:

Internal or external

Primary or secondary

Direct or indirect

Internal stakeholders are, as the name suggests, stakeholders that exist inside a business. These are stakeholders who are directly affected by a project, such as employees.

External stakeholders are those who have an interest in the success of a business but do not have a direct affiliation with the projects at an organization. A supplier is an example of an external stakeholder.

Explanation:

The um of all of your cutomer Account Receivable i lited a part of _______________________ on your balance heet

Answers

Since accounts receivable typically convert to cash in less than a year, it is recorded on the balance sheet as a current asset.

When a consumer makes an account payment, which accounts are impacted and in what ways?

Your bookkeeper records the amount of a customer's payment on an account as a journal entry, and the transaction is referred to as "paid on account." Simply put, this indicates that the customer has paid the entire amount due and that payment has been recorded in the accounts receivable ledger.

Receivables are recorded in what way on the balance sheet?

Accounts receivable are represented on the balance sheet as a current asset since they normally convert into cash in less than a year. If the sum due only becomes cash after some more than a year, it is instead shown on the balance sheet as a long-term asset (possibly as a note receivable).

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the value of 4 + -3 take away negative 7 is ​

Answers

Answer:

-6

Explanation:

1-7 =-6

the opportunity to buy stock at a fixed price over a specific period of time is referred to as

Answers

The opportunity to buy stock at a fixed price over a specific period of time is known as an option. An option is a contract between two parties that gives the buyer the right, but not the obligation, to buy or sell an underlying asset, such as a stock, at a specific price (also known as the strike price) within a predetermined time frame.

This allows investors to hedge against market fluctuations and potentially profit from price movements in the underlying asset. Options can be either call options or put options, depending on whether the buyer wants the right to buy or sell the underlying asset. Trading options can be complex and involves significant risk, so it's important to thoroughly research and understand the potential risks and benefits before investing.

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Which type of ma plan is an hmo plan that also covers some benefits out-of-network, generally at a higher cost?.

Answers

The  type of ma plan is an hmo plan that also covers some benefits out-of-network, generally at a higher cost is: Private Fee-for-Service (PFFS), Medicare Supplement Insurance Plan.

What is medicare advantage plan?

Medicare advantage plan  can be defined as a health insurance coverage plan that help to cover the medical costs of people under the plan.

The  type of Medicare advantage plan that also covers some benefits out-of-network are:

Private Fee-for-Service (PFFS)Medicare Supplement Insurance PlanPreferred Provider Organization (PPO)Point-of-Service (POS) Plan(right)

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TRUE/FALSE. When no par value stock does not have a stated value, the entire proceeds from the issuance of the stock become legal capital

Answers

The given statement "When no par value stock does not have a stated value, the entire proceeds from the issuance of the stock become legal capital" is false because when no par value stock does not have a stated value, the entire proceeds from the issuance of the stock do not become legal capital.

When a company issues no par value stock, it means that the stock does not have a predetermined value assigned to it. In such cases, the proceeds from the issuance of the stock are not automatically considered legal capital. Legal capital refers to the minimum amount of capital that a company must maintain to protect the interests of its creditors.

In the absence of a par value, the company needs to allocate the proceeds to different accounts, such as additional paid-in capital or retained earnings, based on the specific legal requirements of the jurisdiction in which it operates. Therefore, the entire proceeds from the issuance of no par value stock do not automatically become legal capital.

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What will the real value of $100 be in 7 years if you hide the money under your mattress and the inflation rate is 2%

Answers

The real value of the money after 7 years, if the money is hidden under the mattress and the inflation rate, is $ 86. 81.

How to find the real value ?

If the inflation rate is 2%, the value of money is expected to decrease by 2% per year.

In 7 years therefore, you can use the future value formula to find the real value of the money to be :

= Value today x ( 1 - rate ) ^ number of years

This gives:

= 100 x ( 1 - 2 % ) ⁷

= $ 86. 81

This means that if you hide $100 under your mattress today, in 7 years, its real value will be $86.81 in terms of what it can buy.

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according to myers, advertisers for beverages and clothing tend to adopt marketing strategies that use the _______ route to persuasion

Answers

According to Myers, advertisers for beverages and clothing tend to adopt marketing strategies that use the peripheral route to persuasion.

The peripheral route to persuasion is a type of persuasive communication that relies on superficial or peripheral cues, such as attractive models, catchy slogans, or celebrity endorsements, rather than on the actual content or logic of the message itself. Advertisers often use this approach to persuade consumers to buy products based on emotions, aspirations, and desires rather than on logical reasoning or factual information. The use of peripheral cues is particularly effective when the product being advertised is relatively low in involvement or relevance to the consumer's life, such as beverages and clothing.

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among the biggest problems for expatriates and foreign business travelers is:

Answers

One of the biggest problems for expatriates and foreign business travelers is cultural differences and communication barriers.

Moreover, It can be difficult to navigate social norms and customs that may differ greatly from their own, and language barriers can make it challenging to effectively communicate with locals or business partners.

Additionally, adjusting to new environments and adapting to different work styles can be a significant challenge for expatriates.

Cultural differences cause behavioral and personality differences like body language, gestures, mindsets, communication, manners, and norms, which may lead to miscommunication. Eye contact, for example, is very important in some cultures, but rude and disrespectful in others.

Other potential issues may include dealing with homesickness, finding suitable housing, and navigating legal and financial systems in a foreign country.

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The total amount paid on a 2 year loan was $3,500. if the interest rate was 10% and compounded monthly, what was the principal? round your answer to the nearest dollar.

Answers

Answer: $2,868

Explanation:

The total amount paid on a 2-year loan was $3,500. if the interest rate was 10% and compounded monthly, $2867.94 is the principle.

Given information:

Principal (unknown) is P.

i = Periodic Interest Rate (compounding monthly at 10% divided by 12).

n is the number of compounding periods (for monthly compounding, 2 years times 12).

A is the total amount paid.

Total amount paid  = \(P(1 + \frac{i}{n})^{nt}\)

3500 = \(P(1 + \frac{0.1}{12})^{24}\)

3500 = \((1 + 0.0083)^{24}\)

3500 = \((1.0083)^{24}\)

P = (1.22039)

P = 3500 / 1.22039

P = $2867.94

Principle is the $2867.94.

As a result, the calculation of the principle are the aforementioned.

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target audience → the group of people at whom advertisements are aimed

True

False

Answers

True is the answer I did it before

Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.
Must Gidgits Galore provide its employees with benefits?

Does Gidgits Galore have to implement a payroll tax for unemployment, workers' compensation, or Social Security?

Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea?

Does the Commerce Clause have an effect on Gidgits Galore?

Can Gidgits Galore face any repercussions if it disregards Title VII?

Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Would this represent "disparate treatment"?

Gidgits Galore wants a "young and hip" workforce. Is there a problem if it chooses not to hire anyone over the age of forty?

Gidgits Galore wants to put a section in its updated employment manual preventing employees from taking more than thirty days from work without pay, regardless of the reason. Is this a good idea?

What if Gidgits Galore wants to add a provision to its employee manual preventing employees from forming a union? Can this be done?

Answers

Answer:

1. Must Gidgits Galore provide its employees with benefits? No

2. Does Gidgits Galore have to implement a payroll tax for unemployment, workers' compensation, or Social Security? Yes

3. Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea? No

4. Does the Commerce Clause have an effect on Gidgits Galore? Yes

5. Can Gidgits Galore face any repercussions if it disregards Title VII? Yes

6. Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Would this represent "disparate treatment"? Yes

7. Gidgits Galore wants a "young and hip" workforce. Is there a problem if it chooses not to hire anyone over the age of forty? Yes

8. Gidgits Galore wants to put a section in its updated employment manual preventing employees from taking more than thirty days from work without pay, regardless of the reason. Is this a good idea? No

9. What if Gidgits Galore wants to add a provision to its employee manual preventing employees from forming a union? Can this be done? No

Explanation:

Edge 2021

Answer:

no

Explanation:

The cocoa exchange relationship with its cocoa farmers, in partnership with the care organization, is most closely related to which social responsibility requirement?

Answers

The Cocoa Exchange's relationship with its cocoa farmers, in partnership with the CARE organization, is most closely related to this social responsibility requirement: A. ethics, principles, and values.

What is CSR?

CSR is abbreviation for corporate social responsibility and it can be defined as an organization's (company's) obligation to act in a manner that benefits and adds significant value to the society and the people, usually as it conduct its business operations.

The Cocoa Exchange partnered with the CARE organization in order to improve the social welfare conditions for cocoa farmers in developing countries, while not leaving out the women.

In this context, we can reasonably infer and logically deduce that the Cocoa Exchange's relationship with its cocoa farmers, in partnership with the CARE organization, is most closely related to this social responsibility requirement ethics, principles, and values.

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Complete Question:

The Cocoa Exchange's relationship with its cocoa farmers, in partnership with the CARE organization, is most closely related to which social responsibility requirement? Multiple Choice

ethics, principles, and values

financial viability

compliance with legal and regulatory requirements

philanthropic activities

None of these answers are correct.

why is employee involvement an effective employee relations strategy?

Answers

Employee involvement is an effective employee relations strategy because it fosters a sense of ownership, engagement, and commitment among employees.

Employee involvement is an effective employee relations strategy as it promotes ownership, engagement, and commitment. It increases job satisfaction, motivation, and communication, fosters trust and collaboration, and enhances innovation and problem-solving, leading to improved organizational performance and employee well-being.

Employee involvement is an effective employee relations strategy because it fosters a sense of ownership, engagement, and commitment among employees. When employees are involved in decision-making processes, their opinions and ideas are valued, which leads to increased job satisfaction and motivation.

By involving employees in shaping policies, practices, and work-related decisions, organizations create a culture of trust, collaboration, and empowerment.

This strategy also enhances communication, as employees have a platform to express their concerns, suggestions, and feedback, resulting in improved relationships between management and employees.

Furthermore, employee involvement encourages innovation and problem-solving at all levels, as diverse perspectives are considered and utilized. Ultimately, this approach leads to higher employee morale, productivity, and retention, as individuals feel a sense of purpose, inclusion, and recognition within the organization.

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online retailing is disadvantageous for marketers because it often: group of answer choices prevents one-on-one relationships with customers. leads to less shelf space as opposed to direct sales methods. limits assortment of products to be offered. squeezes profit margins due to strong price competition.

Answers

Online retailing is disadvantageous for marketers because it often squeezes profit margins due to strong price competition.

Electronic retail is often referred to as e-tail, internet retail, or online retail. In e-retail, a company or a person uses internet stores to sell retail goods and services. An online retailer may just have a digital presence, with no actual physical location that customers can visit.

The following are the primary drawbacks of e-tailing: insufficient physical experience establishing ties with customers is difficult, costs of construction and maintenance.

A professional e-commerce website costs money to plan, design, develop, host, secure, and maintain, especially if you anticipate high and rising sales volumes.

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CAN SOMEONE PLEASE HELP ME WITH A WORKSHEET AND IF YOU CANT HELP DO NOT ANSWER PLEASE!!!!!!!

Answers

Answer:

sure

Explanation:

You are planning to finance your start up with a bank loan of 400,00 and equal contribution of 50,000 each cash from a group of partners you need $1.2million for the start up how many partners including yourself do you need to recruit

Answers

In order to raise the $1.2 million needed for startup costs, which includes hiring yourself and 30930589 other people, you plan to finance your business with a bank loan of $400,000 and an equal cash commitment of $50,000 from a group of partners.

What is meant by Startup Business ?

Nevertheless, it might be difficult to secure finance for a business that is still in its infancy or early stages. Also, the Micro, Small, and Medium Businesses (MSME) sector in India has only a limited amount of access to formal finance, which is why the Indian government opted to implement startup business financing programs for MSMEs and startups.

Instead of going via banks, the Small Industries Development Bank of India (SIDBI) has started lending directly to MSMEs and startups. These loans have interest rates that are almost 300 basis points lower than those that banks offer.

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which economic indicators most strongly suggest than an economy is experiencing the expansion phase of the business cycle?

Answers

The economic indicators that most strongly suggest that an economy is experiencing the expansion phase of the business cycle are as follows: GDP Growth Rate, Employment, Consumer Confidence, Industrial Production,  Investment and Capital Spending.

1. GDP Growth Rate: The growth rate of gross domestic product (GDP) is a crucial indicator of economic expansion. When the GDP is growing rapidly, it suggests that the economy is experiencing an expansion phase.

2. Employment: When an economy is in expansion, it will generate jobs, lowering unemployment rates. Therefore, falling unemployment rates indicate that the economy is growing.

3. Consumer Confidence: Consumer confidence is critical to the expansion phase of the business cycle. A rise in consumer confidence suggests that individuals believe that the economy will continue to grow.

4. Industrial Production: Industrial production also a crucial economic indicator. Industrial production growth shows that there is increased demand in the economy, meaning that it is growing.

5. Investment and Capital Spending: When businesses are investing in the economy by increasing their capital expenditure, it indicates that they believe the economy will continue to grow. When companies invest, it leads to increased job creation and economic growth.

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Small businesses are required by the Small Business Administration to market hand goods only.

True
False

Answers

False. Every small business must register with the secretary.

What is the author's main claim or argument?
Pizza is the best

Answers

i hate pizza. it’s grosssdd

Sometimes a liquid can be sitting there and its molecules will become a gas. That’s called
___________________________________________.

Answers

Answer:

Una vez que toda la sustancia está en estado líquido, al continuar calentando vuelve a subir la temperatura y llega un momento en que las fuerzas intermoleculares ya son incapaces de mantener juntas las moléculas del líquido, por lo que éste hierve y se convierte en un gas, se produce la ebullición.

Other Questions
Trig I need to verify the identity for the equation in the pic #3 demand 'd1' and supply 's1' of laptop computers are given in the figure below. the quantity of laptops is given in thousands. suppose the government provides a $300 subsidy for every laptop computer that consumers purchase. the subsidy is paid to the producer/seller. instructions: enter your answers as a whole number. a. the appropriate supply curve with the subsidy is s2 . the quantity of laptops bought and sold at the new equilibrium will be: 14 thousand laptops. b. under the subsidy, consumers will pay: $ 500 . c. under the subsidy, sellers will receive: $ 800 . d. the government should budget: $ 4200000 for the subsidy. Hey! Can someone help me? Calculate the overall voltage gain of a CS amplifier fed with a 1- M source and connected to a 20- k load. The MOSFET has gm = 2 mA/V, and a drain resistance RD = 20 k is utilized. 1/7 of what is 1/35 thanks! 168 Anatomy and Physiology I MJB01 302 (Summer 2022) What is the name of the organelle that synthesizes lipids and carbohydrates? Select one: a. Peroxisomes b. Ribosomes c. Golgi apparatus d. Smooth e help me pls its for my science class i need to show my work Internal hard disk is Select one: a. Removable but not fixed b. Not fixed c. Removable d. Fixed Which statement is true about y - 3 = -2(x + 1)?O This function has an x - intercept of (1, 0).O This function has a y - intercept between 0 and - 1.O This function is in standard form.O This function has a slope of -2. What is different about the slope of the graph for New York between March and April versus between April and May? What do you think contributed to this difference in slope? For the last two months, Samantha and Mary have been planning their trip. Their plane for Mexico leaves in the morning. _______ and Mary are excited about the trip. Select the correct answer from each drop-down menu. Read the excerpt from "Thoughts on the Works of Providence" by Phillis Wheatley and complete the sentence that follows. Arise, my soul, on wings enraptur'd, rise To praise the monarch of the earth and skies, Whose goodness and beneficence appear As round its centre moves the rolling year, Or when the morning glows with rosy charms, Or the sun slumbers in the ocean's arms: Of light divine be a rich portion lent To guide my soul, and favour my intent. The excerpt has the characteristics of a poem, including its usage of and its style of language. How is an authoritarian family different from an authoritative family jorge saw a computer named watson on the game show jeopardy and was surprised at how many answers watson was able to get correct, especially because the math problems involved solving equations. watson was using augmented reality to solve the problems.truefalse In response to accounting scandals and the collapse of Enron at the turn of the century, the U.S. Congress passed the Sarbanes-Oxley Act to establish a system of federal oversight of corporate accounting practices. The purpose of the law is to hold CEOs accountable in matters of financial reporting, and to ensure the truthfulness of statements offered to investors. Despite the law's good intentions, businesses must now spend millions of dollars each year just to comply with the regulations. However, the steep challenges of compliance have created a boom in new accounting firms that specialize in helping companies meet the law's requirements.Congress passed Sarbanes-Oxley into law as a response to:________a. Executive CEO payb. Financial scandals and corporate fraudc. Consumer protection violationsd. Globalization If an organism has 50 chromosomes how many chromosomes would be found in each gamete? please answer this question each student must do 14 hw problems. there are 23 students in the class, how many problems will your teacher have to grade? who ever gets right will get brainlist I need Answer pls plz pls pls What is the value of the expression: 5(3 - 70) when b = 2? Show work.