Managerial accountants could prepare all of the following reports except a.a sales report targeting monthly sales and potential bonuses b.a performance report identifying amounts of scrap c.a control report comparing direct material usage over time d.an annual report for external regulators such as the SEC

Answers

Answer 1

Answer:

Answer: d.an annual report for external regulators such as the SEC

Explanation:

A managerial accountant is someone who records and analyzes the financial information for an organization. The data analysed will then be used to form financial decisions which can help the organization's growth.

Managerial accountants prepared ls financial information for internal reporting and not external reporting. Therefore, of the options given, the managerial accountants can prepare all the reports except the annual report for external regulators such as the SEC.

Related Questions

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According to the law of supply, when prices increase, the quantity of suppliers create _____.
External setup time refers to:______________. a. The time it takes workers to set up a machine during scheduled maintenance b.The time to complete setup activities that do not require that the machine be stopped c.The time it takes equipment vendors to set up the machine d. None of the above
Dave Ryan is the CEO of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $632,000 and liabilities of $220,310. Using the accounting equation, determine the following amounts: a) Stockholders' equity as of December 31 of the current year. $ b) Stockholders' equity as of December 31 at the end of the next year, assuming that assets increased by $84,040 and liabilities increased by $17,800 during the year. $

Imagine that your friend is the CEO of a company, called Magna Clothes, that manufactures cool new clothing accessories for both men and women. Now that it has achieved a large following and a level of success in the United States, Magna Clothes wants to start conducting business abroad. Your friend knows you have taken a management class and has asked you to explain the history and significance of the World Trade Organization (WTO). Which of the following statements are true?a. The WTO seeks to establish impartial procedures for resolving trade disputes among its members.
b. The WTO seeks to reduce remaining trade barriers through multilateral negotiations.
c. The WTO is headquartered in Belgium.
d. Existence of the WTO has allowed most member countries to replace their local currencies with a universal currency beginning in 2002.

Answers

Answer:

a) & b) are true. c) & d) are false.

Explanation:

WTO is an international (intergovernmental) organisation, supervising international trade between countries.

a) is true. It seeks to establish impartial procedures for resolving trade disputes among its members.

It seeks to reduce remaining trade barriers through multilateral negotiations, b) is true

c) is false. It is headquartered in Geneva, Switzerland (not Belgium)

d) is false. Existence of the WTO has allowed most member countries to replace their local currencies with a universal currency beginning in 2002. It is an international trade organisation, not monetary policy organisation.

If 7000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 14 years if interest is compounded annually

Answers

Answer:

Therefore the amount in the bank after 14 years is $15826.33 (approx).

Explanation:

Compound interest: The amount of the principal is not same all year.

The principal of first year = The initial amount principal

Second year principal = Principal+ interest of first year

Third year principal = The principal of second year + interest of second year.

and so on....

The amount $(A)= P(1+r)^n$

Here principal = $7000

r = rate of interest = 6% = 0.06

n = Time = 14 year

Amount = $\$[ 7000(1+0.06)^(14)]$

=$ 15826.33 (approx)

Therefore the amount in the bank after 14 years is $15826.33 (approx)

Answer:

The amount which the bank will pay after 14 years amounts to $15,826.33

Explanation:

The amount which is to be paid after 14 years is known as Future Value (FV), which is computed as:

Using the Excel formula of FV as:

=FV(rate,nper,pmt,pv,type)

where

rate is 6%

nper is number of years which is 14 years

PMT is monthly payment which is $0

PV is Present value which is -$7,000

Putting the values above:

=FV(6%,14,0,-7000,0)

= $15,826.33

Therefore, the future value which is to be paid after 14 years amounts to $15,826.33

The McKnight Company expects sales in 2015 of 208 comma 000 units of serving trays. McKnight's beginning inventory for 2015 is 18 comma 000 trays, and its target ending inventory is 27 comma 000 trays. Compute the number of trays budgeted for production in 2015. Select the labels and enter the amounts to calculate the units of finished goods (trays) to be produced. Budgeted unit sales 208,000 Add target ending finished goods inventory 27,000 Total required units Deduct beginning finished goods inventory –18,000 Units of finished goods to be produced

Answers

Answer:

units required to be produced 217,000

Explanation:

expected sales for the period 208,000

desired ending inventory 27,000

total units required 235,000

beginning units ( 18,000 )

units required to be produced 217,000

The company needs units to fullfil teir sales bdget and desired ending invenoty.

the beginning inventory already complete a portion of the requirement so is the difference what determinates the required units to be produced.

Megan Brink is offered the possibility of investing $6,651 today at 6% interest per year in a desire to accumulate $10,000. How many years must Brink wait to accumulate $10,000

Answers

Answer:

Megan Brink

Brink must wait 6 years to accumulate $10,000 with a present value investment of $6,651.

Explanation:

a) Data and Calculations:

Present value of investment = $6,651

Future value of the investment = $10,000

Interest rate per year = 6%

b) Using an online calculator:

You will need to invest 6.028 periods to reach the future value of $10,000.00.

FV (Future Value) $9,999.99

PV (Present Value) $6,651.00

N (Number of Periods) 6.028

I/Y (Interest Rate) 7.000%

PMT (Periodic Payment) $0.00

Starting Investment $6,651.00

Total Principal $6,651.00

Total Interest $3,348.99

The Carbondale Hospital is considering the purchase of ambulance. The TheXarbondale Hospital is considering the purchase of ambulance. The decision will rest partly on the anticipated mileage" be driven next year. The miles driven during the past 5years are as follows:
Year Mileage
1 3000
2 4000
3 3400
4 3800
5 3700
a) Forecast the mileage for next year using a 2-year moving average.
b) Find the MAD based on the 2-year moving average forecast in part (a), (Hint: You will have only 3 years of matched data.)
c) Use a weighted 2-year moving average with weights of .4 and .6 to forecast next year's mileage. (The weight of .6 is for the most recent year.) What MAD results from using this approach to forecasting? (Hint: You will have only 3 years of matched data.)
d) Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 3,000 miles, and a = .5.

Answers

Answer:

Explanation:

A) using 2-year moving average :

Year 6 : (3800 + 3700) = 7500 / 2 = 3750

2) Mean absolute deviation based on the forecast above :

(3000 + 4000) = 7000/2 = 3500

(4000 + 3400) = 7400/2 = 3700

(3400 + 3800) = 7200/2 = 3600

3000

4000

3400 __3500__100

3800__3700__100

3700__3600__100

Mean absolute deviation = (100 + 100 + 100) /3 = 300/3 = 100

C) weight of 0.4 and 0.6

(0.4*3000 + 0.6*4000) = 3600

(0.4*4000 + 0.6*3400) = 3640

(0.4*3400 + 0.6*3800) = 3640

3000

4000

3400 __3600__200

3800__3640__160

3700__3640__60

(200 + 160 + 60) = 420 / 3 = 140

If a war destroys a large portion of a country's capital stock but the saving rate is unchanged, the Solow model predicts output will grow and that the new steady state will approach: A. a higher output level than before. B. the same output level as before. C. a lower output level than before. D. the Golden Rule output level.

Answers

Answer:

B. The same output level as before.

Explanation:

If there is a war broke out in a country and because of the war a large potion of the country's capital stock is destroyed but the thing that is unchanged is saving rate.

So according to the solow model the output will grow and the steady state that is new will be the same level of output as before.

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