Which of the following represents the characteristic of Management accounting?* Involves the preparation of financial statements...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Which of the following represents the characteristic of Management accounting?* Involves the preparation of financial statements used by internal and external users in making informed decisions. Reports the financial performance of entire organisation. Helps in identifying the financial position of the business. Helps in determining the estimation cost of products or activities. In managerial accounting, the financial reports are prepared on quarterly basis. as frequently needed by the management. on monthly basis. at the end of accounting period. All of the following about cost accounting are true except Evaluating the need for capital and revenue expenditures. Ascertainment of the product costs. Facilitate prompt and reliable cost information to external users. 1 point Planning and control material costs. 1 point 1 point Which of the following represents the characteristic of Management accounting?* Involves the preparation of financial statements used by internal and external users in making informed decisions. Reports the financial performance of entire organisation. Helps in identifying the financial position of the business. Helps in determining the estimation cost of products or activities. In managerial accounting, the financial reports are prepared on quarterly basis. as frequently needed by the management. on monthly basis. at the end of accounting period. All of the following about cost accounting are true except Evaluating the need for capital and revenue expenditures. Ascertainment of the product costs. Facilitate prompt and reliable cost information to external users. 1 point Planning and control material costs. 1 point 1 point
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below 1 Answer Help in determining the estima... View the full answer
Related Book For
Essentials of Statistics for Business and Economics
ISBN: 978-1305081598
7th edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
Posted Date:
Students also viewed these accounting questions
-
Commercial real estate prices and rental rates suffered substantial declines in 2008 and 2009 (Newsweek, July 27, 2009). These declines were particularly severe in Asia; annual lease rates in Tokyo,...
-
Commercial real estate prices and rental rates suffered substantial declines in the past year (Newsweek, July, 2009). These declines were particularly severe in Asia; annual lease rates in Tokyo,...
-
Individuals who smoke have much higher rates of lung infection. Explain which first-line defenses mechanisms may be impaired by smoking, allowing pathogens to more readily enter the lower respiratory...
-
With only a straightedge and compass, use a number line and the Pythagorean theorem to construct a segment whose length is 2. Measure the segment as accurately as possible, and write your answer in...
-
How does research help advertisers meet the challenge of the three Rs of marketing?
-
Propose syntheses of the following compounds from benzene: (a) N, N-Dimethylaniline (b) p-Chloroaniline (c) m-Chloroaniline (d) 2, 4-Dimethylaniline
-
Mary Kay Morrow began working for Hallmark in 1982. At the beginning of 2002, Hallmark adopted the Hallmark Dispute Resolution Program, which required, among other things, that claims against the...
-
Barker Company has a single product called a Zet. The company normally produces and sells 80,000 Zets each year at a selling price of $40 per unit. The company's unit costs at this level of activity...
-
A combined solar and auxiliary energy system is used to meet the same load as in Example 12.5. The total cost of the system to cover 65% of the load (solar fraction) is $20,000. The owner will pay a...
-
A 3-m-high, 6-m-wide rectangular gate is hinged at the top edge at A and is restrained by a fixed ridge at B. Determine the hydrostatic force exerted on the gate by the 5-m-high water and the...
-
You are an audit senior of J&J CPAs LL.P. and are in the process of reviewing the inventory system documentation for your audit client, Emilia Technology (Emilia) which manufactures computer...
-
Compare the current value of Armin Industries with and without leverage, given the data in Table. Assume that the risk-free rate is 5%, the new product is equally likely to succeed or fail, and the...
-
Marital Aid Inc, owned by four individual shareholders, shows the following result for the year just ended: Gross income from sale $50,000 Dividend income 40,000 Tax-exempt interest income 10,000...
-
Laurie Miller is a reputable Arizona attorney who regularly represents women in divorce and child custody disputes. She has been having trouble collecting her fees, and her clients sometimes balk...
-
5. When the price of almond milk is $3 per half gallon the quantity demanded of oat milk is 20,000 half gallons. When the price of almond milk is $5 per half gallon the quantity demanded of oat milk...
-
Mrs. Dee an 86-year-old female on your unit who has had difficulty taking her pills. During shift report the nurse reported that she pulverized Mrs. Dee's medication and administered them with...
-
The following anticipated data are for the next year of operations: Per unit ($) 20 Direct material cost: ($) 20 Direct labor cost: 10 Variable production overhead 10 Variable nonproduction overhead...
-
If the joint cost function for two products is C(x, y) = xy2 + 1 dollars (a) Find the marginal cost (function) with respect to x. (b) Find the marginal cost with respect to y.
-
Use the methods of descriptive statistics to summarize the data in Table 3.11. Discuss your findings. 1. Include a summary for each variable in the data set. Make comments and interpretations based...
-
Fortune magazine publishes an annual list of the 500 largest companies in the United States. The corporate headquarters for the 500 companies are located in 38 different states. The following table...
-
Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services. Higher ratings on the client satisfaction survey indicate better service, with 7 the...
-
Demonstrate that both the Berry phase \(\gamma_{n}\) and the Berry curvature \(\boldsymbol{\Omega}_{n}(\boldsymbol{R})\) are invariant under a local gauge transformation.
-
Show that under a local gauge transformation (14.5) the vector potential A and the form of the wavefunction (28.7) are changed, but no observable is affected. Data from Eq. 28.7 Data from Eq. 14.5...
-
Evaluate the formula for the Gauss-Bonnet theorem in Box 28.3 for a 2-sphere and show that this leads to the usual relation for the area of a sphere. The local curvature for a 2-surface is the...
Study smarter with the SolutionInn App