Managerial accounting and planning function involve

Assignment Help Financial Accounting

Reference no: EM131258704

1. Which of the following uses managerial accounting?

A. Manufacturing and service entities, but not merchandising

B. Profit-oriented business only

C. Services, manufacturing entities

D. Only manufacturing entities

2. Which of the following does the planning function involve?

A. Analyzing financial statements

B. Setting goals and objectives for an entity

C. Hiring the right people for a particular job

D. Coordinating the accounting information system

Reference no: EM131258704

Questions Cloud

Management bonus equal to percentage of operating income : The Precision Parts Corporation manufactures automobile parts. The company has reported a profit every year since the company's inception in 1977. Management prides itself on this accomplishment and believes one important contributing factor is the c..

Net worth of warren buffet : What is the net worth of Warren Buffet and what does he do to the Dow?

When anticipated sales targets are met : Sanderson sells a single product for $45 that has a variable cost of $25. Fixed costs amount to $10 per unit when anticipated sales targets are met.

In order to obtain more accurate product costs : In order to obtain more accurate product costs, how do many companies allocate overhead? Indirect labor is considered a part of which of the following costs?

Managerial accounting and planning function involve : Which of the following uses managerial accounting? Which of the following does the planning function involve?

How many hours would take each one to do the whole job : Two workers undertake to do a job. The second worker started working 2 hours after the first. Five hours after the second worker has begun working there is still 9/20 of the work to be done. When the assignment is completed, it turns out that first w..

The upcoming happy holidays convention : Mrs. Tannenbaum is going to sell Christmas tree lights for $40 a box. The lights cost Mrs. Tannenbaum $10 a box and any unsold lights can be returned for a full refund. She is planning to rent a booth at the upcoming Happy Holidays Convention, which ..

The statement of cash flows under the direct method : If sales are $500,000, variable costs are $300,000 and fixed costs are $240,000, what is the contribution margin ratio? Which of the following items does not appear in the statement of cash flows under the direct method? A company would be expected t..

Cash from investing become positive and cash from financing : The Crider Company experienced the following costs in 2007: Direct materials $2.65/unit Direct labor $1.80/unit Variable manufacturing overhead $3.25/unit Variable selling $1.15/unit Fixed manufacturing overhead $94,000 Fixed selling $35,000 Fixed ad..

User Account

All Pages