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Which of the statements is true of managerial accounting

Assignment Help Managerial Accounting
Reference no: EM132957415

Problem 1: Which of the following statements is true of managerial accounting?

A. It is required to follow GAAP.

B. Summary reports are prepared primarily for the company as a whole.

C. The focus is on the future.

D. An external audit by an independent CPA is required for managerial accounting information

Problem 2: Jones Manufacturing Co. is considering investing in specialized equipment costing $ 950 000The equipment has a useful life of four years and a residual value of $ 40000 Depreciation is calculated using the straight line method. The expected net cash inflows are expected to be $ 350000 per year. What is the ARR of the investment?

A. 23.68%

B. 24.75%

C. 22.73?%

D. 25.79?%

Reference no: EM132957415

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