Question: Please Answer Chapter 1 Homework Introduction to Managerial Accounting Due at the start of class on 9/9/22 Describe each of the following key traits of

Please Answer

Chapter 1 Homework

Introduction to Managerial Accounting

Due at the start of class on 9/9/22

Describe each of the following key traits of the hospitality industrySeasonality or business

Seasonality is a fluctuation of tourists at a given season. Such as a mountain property or business, sales will be much greater during Winter season rather than summer season.

Short distribution chain and time span

Labor intensive industry

Fixed asset intensity

Determine if each of the following describes financial (F) or managerial (M) accounting:

Reports are filed quarterly and annually

There is monetary and nonmonetary information

The main users of the information are internal

The purpose of the reports is to assist in the decision-making process

The main result is a full set of financial statements

how dows this not make since

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