Comparing actual performance to previously budgeted amounts is part of the ________
A) controlling function of managerial accounting
B) planning function of managerial accounting
C) reporting function of managerial accounting
D) organizing function of managerial accounting
A
You might also like to view...
Amy is a sales manager and she is conducting performance appraisals for her team members. To do so, she tracks each person's sales calls and revenues on a quarterly basis. Amy is using a(n) ______ system of appraisal.
A. objective B. behavioral C. trait D. informal E. 360-degree
Which of the following statements on markdowns is false?
A. Markdowns are an unnecessary part of business if planned correctly. B. Promotional markdowns increase customer flow. C. If markdowns are too low, the buyer may be pricing their merchandise too low. D. Markdowns are an opportunity to increase sales. E. If markdowns are too low, the buyer may be not purchasing enough merchandise.
On January 1, a company issued and sold a $420,000, 3%, 10-year bond payable, and received proceeds of $415,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The carrying value of the bonds immediately after the second interest payment is:
A. $415,500. B. $415,250. C. $414,750. D. $420,000. E. $419,750.
The ability of the customer to track their order from placement to delivery is
A) customer experience. B) order visibility. C) product availability. D) response time.