1. What are some uses of managerial accounting information? 2.Explain how to compute cost of goods...
1. What are some uses of managerial accounting information?
2.Explain how to compute cost of goods available for sale.
3.One of the inventory accounts for a manufacturing business in Finished Goods. Provide a description of what this account represents.
4. Describe sustainability and sustainable business practices.
Thanks for the help!! have a good day
just answer one of the 4 please
Homework Answers
1. Some uses of managerial accounting information are
a. It helps in planning and controlling various items like cash , fixed and variable expenses , gross profit margin , net profit margins , stock , income etc by comparing BUDGETS and ACTUAL .
b. It helps in DECISION MAKING for both short term and and long term by using cost information for capital investment ,pricing and marketing.
c. It helps in evaluating the product profitability and also the financial implications of strategies and plans .
d. It helps in preparing internal reports in user friendly manner.
2. COST OF GOODS AVAILABLE FOR SALE = Opening stock of finished goods + purchases - closing stock of finished goods
e.
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1. What are some uses of managerial accounting information?
2.Explain how to compute cost of goods...
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