Homework Answers
4. Managerial Accounting is both prospective and retrospective
Prospective refers to the future and retrospective refers to the past. Managerial Accounting information helps in looking both past and future and helps in taking reliable decisions for the business. A lot of managerial tools and techniques are used by the managers in day to day operations.
2 Answer is A and B
A business involves sales and purchases of goods. Hence when sales happen Revenue will be coming in and when expenses happen money will be going out. Hence money in and out in a healthcare finance represents revenues incoming and expenses outgoing.
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QUESTION 4 Managerial accounting is considered to be: Retrospective Both prospective and retrospective O A&B Prospective...
Managerial accounting question. Can someone help me figure this out? Cash Flows Project A Project B...
Managerial accounting question.
Can someone help me figure this out?
Cash Flows Project A Project B (10,000) (10,000) 5000 7000 12,000 50,000 These projects are mutually exclusive. 1, 2. What is the payback period for both? If the cutoff is 2 years which one do you accept? a. b. Assume the cash flows 1,2,3 are the same as net income. Assume the asset purchased at time zero depreciates to zero. What is the Average Accounting Return for both? Which one...
A purchase of a vehicle on credit would have what effect on the accounting equation? O...
A purchase of a vehicle on credit would have what effect on the accounting equation? O A. Total Owner's Equity is overstated. O B. Total Liabilities are overstated O C. Total Assets and total Liabilities increase O D. Both A and B are correct. Click to select your answer. 1T ype here to search Items owned by the business such as land, supplies, and equipment are: O A. Assets. O B. Expenses O C. Liabilities. O D. Owner's Equity Click...
correct the answer Question Help The Human Resources (HR) group at a large accounting firm interviews prospective ca...
correct the answer
Question Help The Human Resources (HR) group at a large accounting firm interviews prospective candidates for new hires. After each interview, the firm rates the candidate on a 10-point scale, with the rating 10 denoting exceptionally good candidates and 1 denoting those that the firm rates poor. The HR group rated candidates on Monday and 6 candidates on Tuesday. The outcomes of these 12 ratings for the sample space. Determine if the following statement is true or...
Question 1 The following is a list of users of accounting information: a) Managers b) Regulators...
Question 1 The following is a list of users of accounting information: a) Managers b) Regulators c) Employees d) Shareholders e) Lenders f) Suppliers g) External auditors Instructions Identify the above users as internal (1) or external (E) using the following format: _(a) Managers (b) Regulators (c) External auditors (d) Shareholders (e) Lenders _(f) Suppliers Question 2 Each of the following independent situations represents a violation of accounting principles: circle the principle that is violated. 1. It is now the...
1. The primary objective of financial accounting is:
1. The primary objective of financial accounting is: A. To serve the decision-making needs of internal users. B. To provide financial statements to help external users analyze an organizations C. To monitor and control company activities. D. To provide information on both the costs and benefits of looking after products and benefits of looking after products and services. 2. A CPA owns a large home and she has divided the second floor into two separate units: one her personal residence and the other rented out...
========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 4: Cost...
=========================
MANAGERIAL ACCOUNTING QUESTIONS
Please answer ALL in DETAILS to get upvote
Thanks!!!
Question 4: Cost structure estimation Fixed or variable? OF OV OF OV Cost account direct labor direct materials depreciation rent administrative staff salaries Production volume was 200 units Amount $4,000 $6,000 $6,000 $7,000 $7,000 OF OV a) Which cost structure estimation method should we use? O high-low method O account classification method b) Classify each cost account above as fixed or variable. Enter your answers in the...
Davis, Managerial Accounting. Je Help System Announcements CALCULATOR FRINT O N BACKENDTE Exercise B-5 Bridgeport Manufacturing...
Davis, Managerial Accounting. Je Help System Announcements CALCULATOR FRINT O N BACKENDTE Exercise B-5 Bridgeport Manufacturing has an annual capacity of 50,000 units per year. Currently, the company is making and selling 78.200 a year. The normal sales price is $103 per unit, variable costs are $65 per unit, and total fixed expenses are $2,000,000. An out of state distributor has offered to buy 5,300 units at $70 per unit. Bridgeport's cost structure should not changes result of this special...
========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 5: Cost...
=========================
MANAGERIAL ACCOUNTING QUESTIONS
Please answer ALL in DETAILS to get upvote
Thanks!!!
Question 5: Cost structure estimation activity volume month Oct Nov Dec in units 80 75 100 total costs $4,085 $4,250 $5,000 a) Which cost structure estimation method should we use? O account classification method O high-low method b) To identify the low and high points, we should look for O lowest/highest costs O lowest/highest activity c) Estimate the cost structure parameters: total FC unit VC Write down...
Question 9 Incorrect Most accounting policy choices affect both the income statement and the balance sheet....
Question 9 Incorrect Most accounting policy choices affect both the income statement and the balance sheet. Select the balance sheet account(s) that would be affected by a policy choice at the same time as the cost of goods sold income statement account. Mark 0.00 out of 1.00 Flag Select one: O a. Accounts receivable x incorrect. Read 16.2 Background to accounting policy choices: b. Prepaid expenses O c. Prepaid insurance O d. Property, plant and equipment O e. Inventories
a. Which of the following statements about managerial accounting is true? 1) Managerial accounting information is...
a. Which of the following statements about managerial accounting is true? 1) Managerial accounting information is prepared for external users. 2) Managerial accounting information is a legal requirement. 3) The structure of managerial accounting practice is relatively flexible. 4) There are structured standards of acceptability for managerial accounting. b. Which of the following statements is incorrect with regard to a manufacturing firm? 1) Inventoriable costs include only prime costs. 2) Inventoriable costs include prime costs and manufacturing overhead costs. 3)...
Managerial accounting question.
Can someone help me figure this out?
Cash Flows Project A Project B (10,000) (10,000) 5000 7000 12,000 50,000 These projects are mutually exclusive. 1, 2. What is the payback period for both? If the cutoff is 2 years which one do you accept? a. b. Assume the cash flows 1,2,3 are the same as net income. Assume the asset purchased at time zero depreciates to zero. What is the Average Accounting Return for both? Which one...
A purchase of a vehicle on credit would have what effect on the accounting equation? O A. Total Owner's Equity is overstated. O B. Total Liabilities are overstated O C. Total Assets and total Liabilities increase O D. Both A and B are correct. Click to select your answer. 1T ype here to search Items owned by the business such as land, supplies, and equipment are: O A. Assets. O B. Expenses O C. Liabilities. O D. Owner's Equity Click...
correct the answer
Question Help The Human Resources (HR) group at a large accounting firm interviews prospective candidates for new hires. After each interview, the firm rates the candidate on a 10-point scale, with the rating 10 denoting exceptionally good candidates and 1 denoting those that the firm rates poor. The HR group rated candidates on Monday and 6 candidates on Tuesday. The outcomes of these 12 ratings for the sample space. Determine if the following statement is true or...
Question 1 The following is a list of users of accounting information: a) Managers b) Regulators c) Employees d) Shareholders e) Lenders f) Suppliers g) External auditors Instructions Identify the above users as internal (1) or external (E) using the following format: _(a) Managers (b) Regulators (c) External auditors (d) Shareholders (e) Lenders _(f) Suppliers Question 2 Each of the following independent situations represents a violation of accounting principles: circle the principle that is violated. 1. It is now the...
=========================
MANAGERIAL ACCOUNTING QUESTIONS
Please answer ALL in DETAILS to get upvote
Thanks!!!
Question 4: Cost structure estimation Fixed or variable? OF OV OF OV Cost account direct labor direct materials depreciation rent administrative staff salaries Production volume was 200 units Amount $4,000 $6,000 $6,000 $7,000 $7,000 OF OV a) Which cost structure estimation method should we use? O high-low method O account classification method b) Classify each cost account above as fixed or variable. Enter your answers in the...
Davis, Managerial Accounting. Je Help System Announcements CALCULATOR FRINT O N BACKENDTE Exercise B-5 Bridgeport Manufacturing has an annual capacity of 50,000 units per year. Currently, the company is making and selling 78.200 a year. The normal sales price is $103 per unit, variable costs are $65 per unit, and total fixed expenses are $2,000,000. An out of state distributor has offered to buy 5,300 units at $70 per unit. Bridgeport's cost structure should not changes result of this special...
=========================
MANAGERIAL ACCOUNTING QUESTIONS
Please answer ALL in DETAILS to get upvote
Thanks!!!
Question 5: Cost structure estimation activity volume month Oct Nov Dec in units 80 75 100 total costs $4,085 $4,250 $5,000 a) Which cost structure estimation method should we use? O account classification method O high-low method b) To identify the low and high points, we should look for O lowest/highest costs O lowest/highest activity c) Estimate the cost structure parameters: total FC unit VC Write down...
Question 9 Incorrect Most accounting policy choices affect both the income statement and the balance sheet. Select the balance sheet account(s) that would be affected by a policy choice at the same time as the cost of goods sold income statement account. Mark 0.00 out of 1.00 Flag Select one: O a. Accounts receivable x incorrect. Read 16.2 Background to accounting policy choices: b. Prepaid expenses O c. Prepaid insurance O d. Property, plant and equipment O e. Inventories
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