Which of the following is correct regarding the changing role of managerial accounting?
A. The managerial accountant is crunching more numbers than ever before in leading-edge companies.
B. Managerial accountants rarely have the title of analyst or take on leadership roles.
C. Managerial accountants are typically isolated in separate departments.
D. Forward-looking goals have transformed managerial accountants into business advisors.
E. The managerial accountant has been transformed into a financial historian in progressive companies.
Answer: D
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A personality trait defined as “any purposive activity that entails novelty or danger sufficient to create anxiety in most people” is called ______.
A. conscientiousness B. risk taking C. neuroticism D. agreeableness
[The following information applies to the questions displayed below.] The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash$4,000 Accounts receivable$3,400 Dividends 2,000 Common stock 3,900 Land 3,200 Revenue 3,200 Accounts payable 1,800 Expense 2,200 Retained earnings 5,900 What is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1?
A. $12,600 B. $13,800 C. $10,600 D. $7,200
?Exhibit 14-2 A $500,000, ten-year, 7% bond issue was sold to yield 6% interest payable annually. Actuarial information for 10 periods is as follows: ? ? 6% 7% Present value of 1 0.50835 0.55839 Present value of an annuity of 1 7.02359 7.36009 ? ? Refer to Exhibit 14-2. At date of issuance cash received would be
A. ?$489,903. B. ?$464,883. C. ?$511,778. D. ?$536,798.
The setup cost to make a carpet is $20 per setup. The holding cost is $2.00 per yard per year, and the annual demand is 12,000 yards. The manufacturing facility operates 300 days, and 120 yards of the carpet are produced per day. Given this information, which of the following statements is true?
a. The optimal production quantity is 600. b. The optimal production quantity is 500. c. The optimal production quantity is 400. d. The optimal production quantity is 300.