Managerial accounting is governed by generally accepted accounting principles (gaap). a. true b. false
Answers
This is a False Statement.
Generally Accepted Accounting Principles (GAAP) need not be followed by managerial accountants when preparing management reports.
Specifically, management accounting aims to
provide Information for internal Organisation managers providing details to governmental regulating bodiesInformation for shareholders, the accounts payable department, and other parties outside the companyinformation to shareholders, accounts payables, and other parties outside the company, as well as information to management inside the firm.To Learn more about Management Accounting, Click the links.
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Related Questions
What should you avoid using when writing a formal email?
O An official signature
O Emojis
O Familiar acronyms
O Last names
Answers
Emojis are not formal and they should not go in a formal email
Answer:
emojis
Explanation:
a contract clause which specifies the amount of damages to be paid in the event of a breach is called
Answers
A contract clause which specifies the amount of damages to be paid in the event of a breach is called a liquidated damages clause.
When parties are entering into a contractual agreement, certain provisions are catered for in the contract which allows payment of a specified sum should one of the parties be in breach of contract. This is called liquidated damages clause.
The purpose of adding the clause ( liquidated damages clause) is to ensure sure parties to the contract understand and performs their duties accordingly.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Answers
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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mikael owes $9,000 in student loans. his loan has a 7% interest rate over 10 years. what is true about this loan?
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mikael owes $9,000 in student loans. his loan has a 7% interest rate over 10 years. mikael will pay $6,300 on interest on the loan.
Simple interest is charged rather than compound interest on all federal student loans and the majority of private student loans. Simple interest doesn't accrue interest on your unpaid interest; instead, it only charges interest on the principal amount. As a result, you pay less interest overall for the duration of your loan.
For example, if you take out a five-year loan for $9,000 and the interest rate on the loan is 7 percent, the simple interest formula works as follows:
I= Prt
p= $9000
r= 0,07
t= 10
I = $9,000 x .07 x 10 = $6,300
Mikael has student loan debt totaling $9000. His 10-year loan carries a 7% interest rate. What details of this loan are true? Decide which of the following is true:
a. Mikael will repay the loan with interest totaling $6,300.
b. Mikael's ten-year loan will be $900.
c. Mikael will repay the loan with interest totaling $3,540.
d. Mikael will repay his 10-year loan in $1,000 installments.
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Answer:
$3,540
Explanation:
First, we must calculate Mikael's monthly payment.
d=9000(0.0712)
1−(1+0.0712)^−120=104.50
If the monthly payments are $104.50, then the yearly payback is 104.50⋅12=$1254.
And, he will pay that each year for 10 years. So, 1254⋅10=$12540.
Therefore, Mikael will pay 12540−9000=$3,540 in interest over the life of the loan.
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Hey, can I please get some help? Thank you!
Answers
2.When interest rates are rising, both businesses and consumers will cut back on spending. This will cause earnings to fall and stock prices to drop. ... As interest rates move up, the cost of borrowing becomes more expensive. This means that demand for lower-yield bonds will drop, causing their price to drop.
The effects of performing services for cash on the basic accounting equation are to:.
Answers
The effects of performing services for cash on the basic accounting equation are to increase both assets and owner's equity.
Performing services for cash affects the basic accounting equation, which is Assets = Liabilities + Owner's Equity. Let's see how it influences each of the components:Effects on Assets: The receipt of cash increases the assets account of the company. An increase in cash causes a rise in the cash account on the asset side of the basic accounting equation.
When the company offers services and receives payment in cash, the assets are increased by the amount of cash received. Effects on Liabilities: The performance of services does not affect the liabilities of a company. Therefore, liabilities are not affected when services are rendered and paid for in cash.
Effects on Owner's Equity: The owner's equity is increased by performing services and receiving cash payments. This happens because revenues rise when a company provides services, resulting in an increase in owner's equity. The effects of performing services for cash on the basic accounting equation are to increase both assets and owner's equity.
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Which of the following is considered a symbol that has varying meaning across cultures? A) colors. B) animals. C) numbers. D) music. E) all of the above.
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Option E, Colors, animals, numbers, and music are all considered symbols that have varying meanings across cultures.
Symbols are objects, images, or sounds that represent or convey meaning. They can have different interpretations and significance depending on the cultural context. Among the options provided, colors, animals, numbers, and music are all examples of symbols that can have varying meanings across cultures.
1. Colors: Different cultures attribute different meanings and symbolism to colors. For example, while white represents purity and innocence in Western cultures, it can symbolize mourning or death in some Eastern cultures. Similarly, the color red can symbolize luck and prosperity in some cultures, while representing danger or warning in others.
2. Animals: Animals often hold symbolic meanings that vary across cultures. For instance, the lion is commonly associated with strength and courage in many cultures, while the owl may symbolize wisdom and knowledge in some societies but represent death or bad omens in others.
3. Numbers: Numbers can also carry cultural symbolism. For instance, the number 7 is considered lucky in many Western cultures, while the number 4 is associated with bad luck in some Asian cultures due to its phonetic similarity to the word for "death."
4. Music: Music is a universal language, but its symbolism and interpretation can differ across cultures. Certain melodies or instruments may be associated with specific emotions, rituals, or cultural traditions unique to a particular society.
In conclusion, colors, animals, numbers, and music are all examples of symbols that can hold different meanings and interpretations across cultures. The diverse perspectives and beliefs of different societies contribute to the variations in symbolic meanings assigned to these elements.
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The tax multiplier is the effect of a change in taxes on _____.
a. aggregate demand
b. wage rates
c. aggregate supply
d. real gdp
Answers
The tax multiplier refers to the effect of a change in taxes on real GDP.
When there is a change in taxes, it affects people's disposable income. Disposable income is the income that households have available to spend or save after paying taxes. When taxes increase, disposable income decreases, and when taxes decrease, disposable income increases. The tax multiplier measures the overall impact of this change in disposable income on the economy. It quantifies the relationship between a change in taxes and the resulting change in real GDP. It helps us understand how changes in taxes can influence economic activity.
The tax multiplier is a component of the fiscal multiplier, which measures the total impact of a change in government spending or taxation on the overall economy. To calculate the tax multiplier, we need to consider the marginal propensity to consume (MPC). The MPC represents the proportion of additional income that households spend rather than save.
The tax multiplier formula is:
Tax Multiplier = -1 * (MPC / (1 - MPC))
Let's consider an example to understand how the tax multiplier works:
Suppose the government decides to increase taxes by $100 billion. This increase in taxes reduces people's disposable income, which leads to a decrease in consumer spending. Let's say the MPC is 0.75, meaning that for every additional dollar of income, households spend 75 cents and save 25 cents.
Using the tax multiplier formula:
Tax Multiplier = -1 * (0.75 / (1 - 0.75))
= -1 * (0.75 / 0.25)
= -3
This means that for every $1 increase in taxes, real GDP will decrease by $3. In this example, the increase in taxes of $100 billion would lead to a decrease in real GDP of $300 billion.
In conclusion, the tax multiplier measures the effect of a change in taxes on real GDP. It helps us understand how changes in taxes impact the overall economy by influencing disposable income and consumer spending.
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One month ago, Kyle made a goal to save $800 for a new video camera. The deadline is in seven months. He now has $110 saved. Evaluate his progress toward reaching his goal. Is Kyle on track to reach his goal? Yes or no?
Answers
Answer:
No, he will not reach his goal if he saves $110 per month.
Explanation:
Answer:
yes
Explanation:
type cat /etc/passwd at the prompt to answer the following questions: what is the uid for the schawla user account?
Answers
The UID for the schawla user account is 509. The idea was formalized early in the incident of data processing and information arrangements.
A unique identifier(UID) is an identifier that is insured expected singular between all identifiers used for those objects and for a distinguishing purpose. A user account is a similarity built for one in a computer or calculating arrangement.
User accounts can too be created for tool individuals, to a degree duty accounts for running programs, system accounts for freezing whole files and processes, and root and chief accounts for order presidency. Standard User accounts are for common computing. Administrator reports supply ultimate control over a calculation, and should only be secondhand when unavoidable.
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Generally, it is a sound business practice to take advantage of cash discounts. the money saved by paying invoices promptly is free to be used elsewhere. conversely, there is an implicit (opportunity) cost of foregoing a cash discount. by forgoing a cash discount, the small business owner is, in effect, paying an annual interest rate to retain the use of the discounted amount for the remainder of the credit period.
For example, assume that Jill anticipates she will receive invoices for $500 from the vendors offering cash discounts of 3/10, net 45.
a) how much will Jill save by paying within the discount period?
b) what will it cost Jill to retain the use of credit for 45 days?
c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?
Answers
Answer: a. $485
b. $15
c. 32.28%
Explanation:
a. how much will Jill save by paying within the discount period?
3% × $500 = 3/100 × $500 = 0.03 × $500 = $15
The amount saved will be:
= $500 - $15.
= $485
b) what will it cost Jill to retain the use of credit for 45 days?
This will be:
= 3% × $500
= 3/100 × $500
= 0.03 × $500
= $15
c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?
c) The annual interest will be calculated using:
= P x R x T
where,
I = interest = $15
P = principal = $485
R= rate of interest = Unknown
T= time factor = 15/365 = 0.0958
Then, annual Interest rate will be:
R = 15/ (485 x 0.0958)
R = 32.28%
Annual Interest rate is 32.28%
What is the difference between a bank and a retail bank?
Answers
The main difference between a bank and a retail bank is the type of customer they serve.
A bank is a financial institution that offers a variety of services, such as loan and deposit products, investment services, and financial advice. A retail bank is a type of bank that specializes in consumer banking, typically offering services such as savings and checking accounts, loan and credit products, debit cards, and other consumer-focused products and services.
A bank typically serves both retail and commercial customers, whereas a retail bank focuses exclusively on consumer banking. This means that retail banks tend to offer products and services that are tailored to meet the needs of individual consumers.
Additionally, retail banks are typically smaller in size than banks and have fewer branches, making them more accessible to consumers. They also tend to have shorter wait times and more personalized customer service, which can be beneficial for those who need more time and attention when it comes to their banking needs.
Overall, a bank and a retail bank both provide financial services, but they serve different customer types and offer different products and services. Banks focus on commercial customers, while retail banks focus on consumer banking.
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How would a two percent rise in interest rates most likely affect new housing?
Answers
A two percent rise in interest rates would most likely affect new housing by making the price of the houses fall in the long run.
As the interest rate of possessing a mortgage rises, many individuals would not afford a house with a mortgage.
Subsequently, as people are shying away from possessing mortgages with high-interest rates, home investors and sellers need to reduce their house prices to attract buyers.
Hence, in this case, it is concluded that a two percent rise in interest rates would most likely affect new housing by making the price of the houses reduce in the long run.
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______________________ include both the private costs incurred by firms and also costs incurred by third parties outside the production process
Answers
Social costs include both the private costs incurred by firms and also costs incurred by third parties outside the production process. Therefore, below is a further explanation.
What are Social costs and its inclusion?Social costs are costs that include both the private costs incurred by firms and also additional external costs incurred by third parties outside the production process.
Therefore, the answer is social costs.
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As digital technology continues to grow, consumer demands are likely to rise in four areas. Briefly describe each of these areas and what you expect consumer demand might be.
Answers
Explanation:
The 4 areas in which consumer demands are likely to rise with the growth in digital technology are
production, selling, marketing concept, and customer relationship.
Production: with increase in tech and demand with increasing population the production would increase.
Selling: With increase in production selling of product wolud also increase.
marketing concept: tech. will bring innovative marketing concept into picture, example digital and social media marketing.
Customer relationship: To increase sales and profit customer relation has be better and innovative , technology would be helpful in this context.
When a bank makes a loan:
A. It causes an increase in the money supply.
B.it causes a reduction in the money supply.
C. it can stimulate business activity, but there is no effect on the money supply.
D. it can cause either an increase or a decrease in the money supply depending on the elasticity of supply
Answers
Answer:
C
Explanation:
this is the answer bc there is really no effect
You received a great money-saving credit card offer in the mail, complete with a rewards program. After you read on further, however, you find that the one dollar spent for every mile earned may not be such a great offer after all, since getting a $500 airline ticket only happens after you first acquire 25,000 miles (spending $25,000 to do so). This is a ________ schedule. fixed-ratio variable-interval variable-ratio fixed-interval
Answers
Answer: variable-ratio
Explanation:
Based on the information given, since getting a $500 airline ticket only happens after one acquire 25,000 miles (spending $25,000 to do so), this is Variable ratio schedule.
Variable-ratio schedule is regarded as a form of reinforcement which occurs when there is a reinforcement of a response when there are different responses that are unpredictable and this lead to a high number of responses. An example is lottery and gambling.
In trading account freight belongs to which side debit or credit?
Answers
Answer:
Explanation:
In trading account, freight belongs to the debit side. It is a direct expenses on purchases and manufacturing operation
Freight is the cost incurred in transporting an item to its final destination when the terms are FOB shipping point. It is treated as part of the cost of merchandise and recorded in the inventory if the merchandise has not been sold.
Increase in the cost of freight are recorded on the debit side while decrease are recorded on the credit side.
Difference between business and trade
Answers
Answer:
business is the entire enterprise of making, selling, and controlling the production of goods, while trade, a narrower activity, involves only the buying and selling of goods. Trade is a part of business, but business is not the same as trade. ... Trade usually refers to imports and exports.
Invoices are comparable to bills.
True
False
Answers
Entrepreneurs who are able to spot more opportunities than others tend to have a higher degree of ______.
Answers
When an entrepreneur is able to spot opportunities more than others, they are said to have vision.
Characteristics of person with Vision.They can see opportunities where people can't. They can figure out a bigger picture to seemingly easy mundane things.When an entrepreneur can see more opportunities than others, it means that they have the vision to see that those opportunities are indeed opportunities.
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In 2013, the Oakland A's were one of the hottest teams in baseball. They were regularly drawing "sellout" crowds, with many more fans wanting tickets. However, the A's did not sell all of the 56,000 seats. The A's removed or put tarps over roughly 20,000 seats in most of the third deck and the outfield stands. The A's management said that the reason was to create a more intimate feeling for the fans. What's another explanation? The A's removed or put tarps over roughly 20,000 seats to
Answers
Answer:
The other reason was to limit the number of special seats to charge a higher price for them.
Explanation:
Oakland A's knows that it has a large number of dedicated fans and that they are thirsty for tickets to watch the games, as these tickets are in high demand. In this case, when Oakland A's puts tarps or removes only on 20,000 seats and claims that it is to promote a more intimate experience for fans, it is because it knows that fans will want to occupy these special places, no matter what price they need to pay. In this case, we can say that a probable reason for the existence of these 20,000 unavailable seats is to increase the profit from ticket sales, by charging a higher price for the available seats.
if a country has a $100 million debt and the interest rate on the debt is 5% and the debt is serviced each year, this would result in:
Answers
This situation of country will lead them to pay interest payment of $5 million.
What is debt and debt interest rate?A debt is something that one party borrows from another, typically money. Many businesses and people utilize debt to finance significant expenditures that they would not normally be able to afford. An agreement to borrow money with the need that it be repaid at a later time, typically with interest, is known as a debt arrangement.
Debt Interest is the sum of the Corporation's net debt (defined as funded debt plus the average outstanding revolver balance as of the Original Issue Date in accordance with the Corporation's five-year business plan, net of cash) and the Corporation's minority interest value as of the Original Issue Date.
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Nafar wants to buy a house. Which type of credit is she most likely to use?
O Mortgage
O Limited
O Service credit
O Unsecured credit card
Answers
Answer: Mortgage
Explanation:
Answer:
Mortgage is the correct answer got it right
Explanation:
Bitcoin is worth it?
Answers
FİZİKSEL, BİYOLOJİK VE TOPLUMSAL YASALAR BÜTÜN İNSANLIĞI İLGİLENDİREN EVRENSEL YASALARDIR. EVRENDEKİ YASALAR İLE İLGİLİ KUR'AN AYETLERİ İNCELENDİĞİNDE, YARATILIŞTAKİ MÜKEMMEL ORANA VURGU YAPILDIĞI GÖRÜLÜR. +++++ verilen metinde bahsedilen ayetler aşağıdaki kavramlardan hangisinin kapsamında değerlendirilebilir? A- ilim B-kader C- tevekkül D-ibadet ******* acil bakar mısınız? 8. Sınıf din kültürü sorusu plss :((
Answers
Answer:
huh
Explanation:
Which sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answers
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation:
Low-regular-and-extra dividend policy Bennett Farm Equipment Sales, Inc. is in a cyclical business. The firm has a target payout ratio of 35%, but its board realizes that adhering to that ratio would cause fluctuating dividends. Therefore, the firm has declared a regular dividend of $0.40 per share per year with extra cash dividends when earnings justify them. Earnings for the last several years are as follows: a. Calculate the payout ratio for each year on the basis of the regular $0.40 dividend and the cited EPS. b. Calculate the difference between the regular $0.40 dividend and a 35% payout for each year. c. Bennett has established a policy of paying an extra $0.25 dividend when the difference between the regular dividend and a 35% payout is $1.00 or more. In which year would an extra dividend be paid? What would be done with the "extra" earnings that are not paid? d. The firm expects that future earnings per share will continue to fluctuate but will remain above $2.75 per share in most years. What factors should be considered in making a revisin to the amount pais as a regular dividend? If the firm revises the regular dividend, what new amount should it pay? a. The payout ratio for year 2017 on the basis of the regular $0.40 dividend and the cited EPS is %. (Round to one decimal place.) - Data table (Click on the icon here e in order to copy the contents of the data table below into a spreadsheet.) Year 2022 2021 2020 EPS $3.32 $2.76 $2.75 1 Year 2019 2018 2017 EPS $3.03 $2.71 $1.05
Answers
a. The payout ratio for the year 2017 on the basis of the regular $0.40 dividend and the cited EPS is 38.1%. (Round to one decimal place.)
Calculation of the payout ratio for each year on the basis of the regular $0.40 dividend and the cited EPS is as follows:Year 2017Payout ratio = Dividend per share/Earnings per share= 0.4/1.05= 0.381 = 38.1%b. Calculation of the difference between the regular $0.40 dividend and a 35% payout for each year is as follows:Year 2017.
Difference = Regular dividend - 35% payout= 0.4 - 0.35 × 1.05= 0.0175c. Bennett has established a policy of paying an extra $0.25 dividend when the difference between the regular dividend and a 35% payout is $1.00 or more. An extra dividend would be paid in the year 2017 since the difference between the regular dividend and a 35% payout is $0.0175.The "extra" earnings that are not paid would be retained as retained earnings. Retained earnings are the portion of net income that is kept by the corporation instead of being distributed as dividends to the shareholders.d. The factors that should be considered in making a revision to the amount paid as a regular dividend include the business cycle, investment opportunities, future earnings, and liquidity position.
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