How has the automation of accounting information altered the role of the managerial accountant?
Automation in the present-day organizations allows clerical staff to gather and input accounting information. Most computer systems have the ability to generate data reports. Therefore, the managerial accountant is able to spend time monitoring and interpreting the reports generated by the automated system. They also aid managers in the decision-making process and perform more financial planning and modeling.
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The following information is available for Fenton Manufacturing Company at June 30: Cash in bank account$7255?Inventory of postage stamps$82?Money market fund balance$13,200?Petty cash balance$430?NSF checks from customers returned by bank$947?Postdated checks received from customers$591?Money orders$1057?A nine-month certificate of deposit maturing on December 31 of current year$8800??Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
A. $21,914 B. $17,542 C. $21,832 D. $20,885 E. $21,942
A break -even point can be expressed both in dollars and units
Indicate whether the statement is true or false
When working with a person who appears to be neurotic (low emotional stability), it is best to be laid back and reassuring
Indicate whether the statement is true or false.
Technically, to achieve Six Sigma quality, there would have to be fewer than ________ defects per million opportunities
A) 6 B) 166,667 C) 667 D) 67 E) 3.4