Multiple Choice Quiz (See related pages) Results Reporter | | Out of 15 questions, you answered 2 correctly with a final grade of 13% | | | | | | 2 correct (13%) | | | | 12 incorrect (80%) | | | | 1 unanswered (7%) | | | Your Results: | The correct answer for each question is indicated by a . | ------------------------------------------------- Top of Form | 1 INCORRECT | | Which of the following organizations would be least likely to have a company objective involving the maximization of shareholder value? | | | A) | The Walt Disney Company | | | B) | Marriot Hotels | | | C) | Southwest Airlines | | | D) | The American Red Cross | | | E) | All of the above organizations would be equally likely …show more content…
LO 3 | | 6 INCORRECT | | Which of the following statements is false? | | | A) | Managerial accounting need not conform to GAAP. | | | B) | Managerial accounting reports typically focus on the enterprise in its entirety. | | | C) | Managerial accounting is not required. | | | D) | Financial accounting is required. | | | E) | Managerial accounting does not require a separate accounting system | | | | | | Feedback:Exhibit 1-3. Financial accounting reports focus on the enterprise in its entirety. Managerial accounting need not conform to GAAP and it is not required. LO 4 | | 7 CORRECT | | Which of the following positions is most likely a staff position? | | | A) | Production manager | | | B) | Marketing manager | | | C) | Inventory manager | | | D) | Sales manager | | | E) | None of the above | | | | | | Feedback:All of the managers listed here are directly involved in the provision of goods or services and are therefore in line positions. Managers in staff positions are only indirectly involved in the
Bubba, I am writing this memo so that you can further understand the problem that you are encountering. You want to receive further funding in order for your restaurant to grow and expand across the country. The issue that the bank is having with you and the restaurant is that you are not supplying sufficient evidence for them to decide whether or not they want to grant the loan to you to expand your restaurant. Before the bank can decide on your loan, they require financial statements documenting the revenues, profits, and assets of your restaurant. These statements show the bank if you possess enough funds in order to pay back the loan but they also use it to measure the amount of potential for the restaurant because whenever a bank grants a loan to a business or business owner, they are making an investment in that individual or business.
The focus of EEC’s investment of the purchasing of the supplier is to cut down on
Cost measurement is the process of determining the dollar amount of direct materials, direct labor, and overhead that should be assigned to production. Cost accumulation is the process of associating costs with the units produced. Cost measurement is more about whether actual or estimated costs should be used, and cost assignment is about whether costs should be assigned to jobs or processes.
Agenda – Submit term projects to TURNITIN ASAP – Assignment #2 due April 1st 1159pm • List the coauthor’s name in the subject line. • Teaching Evaluation • Transfer pricing (cont.) – Stanco Inc. • Review chapters 11 and 12 & the practice final – Practice Q1 and Q2 • Review chapters 8 and 9 and the practice final – Practice Q3 and Q4 ACTG 2020
Accounts receivable (net) increased by $500,000 during the year. This increase has what effect on cash flow?
(TCO 1) Which of the following is NOT a difference between Financial Accounting and Managerial Accounting?
3. What are each of the financial statements commonly called in for-profit health care organizations and in not for-profit care organizations?
Q1. Contrast financial and managerial accounting on the basis of user orientation, purpose of information, level of aggregation, length of time period, orientation toward past or future, conformance to external standards, and emphasis on objective data.
Company operates in the Industrial Sector – Services, and Industry – Regional Airlines. According to the Standard Industrial Classification System (SIC), company belongs to the industry group 451: Air
TMI has provided electricity since 1979. The Exelon Corporation might shut down the plant. There are many pros to nuclear power and many cons. I think we should keep the plant open. Here’s why, if we close the plant, employees will lose their jobs. Also, nuclear energy is clean energy. If we close TMI down, then it would take years to build a new kind of energy source.
a service department’s costs have been allocated, costs are not reallocated back to it under
Secondly, it is the company’s accountant which deals with the company’s annual finance. However under Mr Blacks assistant it is the manager who is given the role to take care of the company’s day to day finance. Under the manager there are four people, firstly it is the employees the people who stock the shelf and assist and help the customer’s. Secondly, it is the cashier who works at the till and scans the items and takes the money of the customers and gives them change if needed. Thirdly, it is the stock keeper he is in charge of keeping track of the stock. Fourthly, it is the suppliers the people or company that supplies item to mobile lunches 4u.
Feedback: Managerial accounting is oriented towards the future, measures efficiency and effectiveness, and is a means to end, not an end in itself. LO 4
Phoebe was the daughter of the titans . The titans were son and daughters of uranus and gaia, as told in heisod’s “theogony”. Phoebe the goddess of intellect , was married to Koios. Their children were asteria and leto as told in the “Dictionary of greek and roman bibliography and mythology” Leto went on to bear Artemis, Apollo and Asteria, three better known identities in greek mythology.
On 1 July 2011, Kookaburra Ltd acquired an item of plant at a cost of $200 000. The plant has an