Which of the following best represents a characteristic of managerial accounting?
A. Information is based on estimates and is bounded by relevance and timeliness.
B. Information is historically based and reported annually.
C. Information is regulated by the Securities and Exchange Commission.
D. Information is characterized by reliability and objectivity.
Answer: A
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Which of the following would be most useful if a firm has an immediate objective to achieve?
A) public relations activities B) sales promotions C) out-of-home media D) sponsorships E) product placement
If a capital budgeting project is purchased, a firm's value, and thus its stockholders' wealth, will change by the amount of the project's _____.
A. modified internal rate of return (MIRR) B. discounted payback period (DPB) C. nondiscounted cash inflows D. cash inflows discounted at the project's internal rate of return (IRR) E. net present value (NPV)
An example of a nonstore retailer is a vending machine.
Answer the following statement true (T) or false (F)
In its standardized form, the normal distribution:
a. has a mean of 0 and a standard deviation of 1. b. has a mean of 1 and a variance of 0. c. has an area equal to 0.5. d. cannot be used to approximate discrete probability distributions.