True or False: In general, the term expense is used for managerial purposes, while the term...
True or False: In general, the term expense is used for managerial purposes, while the term cost refers to external financial reports.
True or False: an opportunity cost is the benefit forgone by selecting one alternative over another.
Homework Answers
| In general, the term expense is used for managerial purposes, while the term cost refers to external financial reports. |
| The statement is false. |
| This is because the cost is used for managerial purpose and the same is called for outside reporting. |
| An opportunity cost is the benefit forgone by selecting one alternative over another. |
| The statement is True. |
| This is because the opportunity cost refers to the next good alternative over the one choosen. |
Add Answer to:
True or False: In general, the term expense is used for
managerial purposes, while the term...
22. Which of the following statements is (are) true? 1). An asset is a cost that...
22. Which of the following statements is (are) true? 1). An asset is a cost that will be matched with revenues in a future accounting period 2). Opportunity costs are recorded as intangible assets in the current accounting period A. Only (1) is true. B. Only (2) is true C. Both (1) and (2) are true23. Which of the following statements is (are) false? (1). In general, the term expense is used for managerial purposes, while the term cost refers external financial reports. (2). An opportunity cost...
True or False Answer True or False. I already included it above, you did not have a careful...
True or False
Answer True or False. I already included it above, you did not have
a careful look.
6. The starting point for managerial decisions is monitoring actual operations 7. Desirable employee behaviour can be motivated by trying employee performance evaluation and pay to long term or short term results 8. Organisational information systems only collect accounting information 9. Cost accounting information is used for both management accounting and financial accounting activities 10. Management accounting is the process of...
TRUE/FALSE. Mark "A" for true, "B" for false. 16) Money management refers to day-to-day financial activities...
TRUE/FALSE. Mark "A" for true, "B" for false. 16) Money management refers to day-to-day financial activities necessary to manage current personal economic resources while working toward long-term financial security. 16) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question 17) 17) The main purposes of personal financial statements are to A) Measure your progress toward financial goals B) Maintain information about your financial activities. C) Provide data for preparing tax forms or applying for...
Indicate whether each statement is true or false by selecting the appropriate circle. Statement True False...
Indicate whether each statement is true or false by selecting the appropriate circle. Statement True False 1. Capital projects funds account for proceeds of specific revenue sources that are legally required to be spent for specified purposes. 2. Utility bill payments are recognized in a proprietary fund. 3. The economic resources measurement focus is used to report the government-wide financial statements. 4. Capital assets and long-term liabilities specifically related to proprietary funds activities are accounted for using the modified accrual...
Indicate whether each statement is true or false by selecting the appropriate circle. Statement True False...
Indicate whether each statement is true or false by selecting the appropriate circle. Statement True False 1. Capital projects funds account for proceeds of specific revenue sources that are legally required to be spent for specified purposes. 2. Utility bill payments are recognized in a proprietary fund. 3. The economic resources measurement focus is used to report the government-wide financial statements. 4. Capital assets and long-term liabilities specifically related to proprietary funds activities are accounted for using the modified accrual...
TRUE FALSE Write T if the statement is true and F if the statement is false...
TRUE FALSE Write T if the statement is true and F if the statement is false 33) Long-term debt is a liability that is payable beyond one year from the date of the financial statements. 33) 34) The basic component of paid-in capital is common stock. 34) 35) Accounting is often called the language of business. 35) 36) If a company performs services an account, the revenue is not eamed until the cash is collected. 37) The amount of prepaid...
Which of the following is a false statement? A. For financial accounting purposes, corporations expense the...
Which of the following is a false statement? A. For financial accounting purposes, corporations expense the estimated FMV of the stock option over the vesting period of the options. B. ISO stock options are generally preferred over nonqualified options by the corporation issuing the stock options. C. Corporations do not generally receive any deduction when the stock option is initially granted to the employee. D. All of the above are true statements.
Question 1 (A) (B) (C) (D) An advantage of centralised decision-making is: Greater effectiveness in volatile...
Question 1
(A)
(B)
(C)
(D)
An advantage of centralised decision-making is: Greater effectiveness in volatile environments More motivated employees Less monitoring of decisions More rapid decision making in all contexts The total amount of variable costs will: Not be affected by relevant range considerations Change proportionately with changes in production activity Increase in per unit cost as production decreases Remain constant within a relevant range of production An opportunity cost can be defined as: A cost incurred when an...
SECTION A: MULTIPLE CHOICE QUESTIONS 1. Compared to financial accounting, management accounting places more emphasis on:...
SECTION A: MULTIPLE CHOICE QUESTIONS 1. Compared to financial accounting, management accounting places more emphasis on: A. the flexibility of information B. the precision of information C. the timeliness of information D. choices A and C above. 2. Managerial accountant regularly communicates with business associates to avoid conflicts of interest and advises relevant parties of potential conflicts. In doing so, the accountant will have applied the ethical standard of: A. objectivity. B. confidentiality. C. integrity. D. credibility. 3. What type...
Financial statement fraud is complex because it often involves collusion. True False High net worth individuals...
Financial statement fraud is complex because it often involves collusion. True False High net worth individuals are likely to use private banks. True False The three legs of the fraud triangle are opportunity, perceived benefit, and rationalization. True False Money and ego are the two most commonly observed motivations for fraud and abuse. True False When discussing the costs of fraud and other litigations, by the time a formal investigation is launched and the allegations are addressed within the legal...
True or False
Answer True or False. I already included it above, you did not have
a careful look.
6. The starting point for managerial decisions is monitoring actual operations 7. Desirable employee behaviour can be motivated by trying employee performance evaluation and pay to long term or short term results 8. Organisational information systems only collect accounting information 9. Cost accounting information is used for both management accounting and financial accounting activities 10. Management accounting is the process of...
TRUE/FALSE. Mark "A" for true, "B" for false. 16) Money management refers to day-to-day financial activities necessary to manage current personal economic resources while working toward long-term financial security. 16) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question 17) 17) The main purposes of personal financial statements are to A) Measure your progress toward financial goals B) Maintain information about your financial activities. C) Provide data for preparing tax forms or applying for...
TRUE FALSE Write T if the statement is true and F if the statement is false 33) Long-term debt is a liability that is payable beyond one year from the date of the financial statements. 33) 34) The basic component of paid-in capital is common stock. 34) 35) Accounting is often called the language of business. 35) 36) If a company performs services an account, the revenue is not eamed until the cash is collected. 37) The amount of prepaid...
Question 1
(A)
(B)
(C)
(D)
An advantage of centralised decision-making is: Greater effectiveness in volatile environments More motivated employees Less monitoring of decisions More rapid decision making in all contexts The total amount of variable costs will: Not be affected by relevant range considerations Change proportionately with changes in production activity Increase in per unit cost as production decreases Remain constant within a relevant range of production An opportunity cost can be defined as: A cost incurred when an...
SECTION A: MULTIPLE CHOICE QUESTIONS 1. Compared to financial accounting, management accounting places more emphasis on: A. the flexibility of information B. the precision of information C. the timeliness of information D. choices A and C above. 2. Managerial accountant regularly communicates with business associates to avoid conflicts of interest and advises relevant parties of potential conflicts. In doing so, the accountant will have applied the ethical standard of: A. objectivity. B. confidentiality. C. integrity. D. credibility. 3. What type...
Most questions answered within 3 hours.
-
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 3 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 3 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 4 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 4 hours ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 4 hours ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 4 hours ago -
A manufacturer of banana chips would like to know whether its
bag filling machine works correctly...
asked 4 hours ago -
Complete the chapter case, "Turnover Analysis".
Chapter Case
Turnover Analysis
You recently completed your company’s new...
asked 4 hours ago -
What is the pH of solutions having the following H3O+
concentrations? Identify each as acidic, basic,...
asked 4 hours ago -
How does over-voltage of the diode usually occur?
asked 4 hours ago -
If you step on a dirty nail, your doctor will recommend you
update your Tetanus vaccination....
asked 4 hours ago -
Suppose that decreases in the price of milk lead to decrease s
in the retail prices...
asked 4 hours ago