Managerial accounting is different from financial accounting in that:
A. Managerial accounting never includes nonmonetary information.
B. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.
C. Managerial accounting is mainly used to set stock prices.
D. Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on subdivisions of the organization.
E. Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors.
Answer: B
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Carbamate Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the Refining Department had 2000 gallons of partially processed product in production. During January, 31,000 gallons were transferred in from the Mixing Department, and 32,000 gallons were completed and transferred out. At the end of the month, 1000 gallons of partially processed product remained in the Refining Department. The weighted-average method is used. See additional details below.
Refining Department, ending balance at January 31 Percent completed for materials cost: 90% Percent completed for conversion cost: 76% What was the total number of equivalent units of production for conversion costs for the month of January for the Refining Department? A) 760 units B) 32,760 units C) 32,000 units D) 900 units
MM's dividend irrelevance theory says that while dividend policy does not affect a firm's value, it can affect the cost of capital.
Answer the following statement true (T) or false (F)
Which of the following occurs if a company was able to reduce its variable cost per unit? Contribution MarginBreak-even PointA.IncreaseIncreaseB.IncreaseDecreaseC.DecreaseIncreaseD.DecreaseDecreaseE.IncreaseNo effect
A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E
Identify and describe the five bases of power. What are the likely reactions people have to each type of power? Give an example of each basis of power, using the power a professor might have over a student.
What will be an ideal response?