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Question 1Which of the following words DOES NOT describe a main focus of management accounting?A. PlanningB. ControlC. ExternalD. Decision-making
Question 2CIMA defines management accounting as:"The application of the principles of accounting and financial management to create, protect,preserve and increase value for the _________________ of for-profit and not-for profitenterprises in the public and private sectors".A. AuditorsB. StakeholdersC. OwnersD. CustomersQuestion
3Which of the following statements are true?1. The main role of the management accountant is to produce financial accounts2. Management accountants always work within the finance function3. Management accountants always work in partnership with business managersA. 1 and 2 onlyB. 2 and 3 onlyC. 1 and 3 onlyD. None of the above.Question
4Which of the following words complete the statement below?
____________ accounts are prepared for external stakeholders.Management accounts are prepared for _____________ stakeholders.A. Shadow, InternalB. Financial, InternalC. Financial, ExternalD. Internal, Budget
Prepare the 2012 Schedule M-3 for Form 1120 and prepare a schedule that reconciles the corporations effective tax rate to the statutory 34% tax rate.
Calculate the NPV of each project and calculate the annual equivalent of each (AE or EAV)
Calculate the depreciation expense for each of the fiveyears, assuming the use of double-declining-balancedepreciation
Prepare the journal entry to record this transaction on January 2, 2012. How much total revenue should be recognized on this sale in 2012?
Calculate the missing amounts for each division and comment on the relative performance of each division.
Comment on the suitability of this report. Your answer should include an assessment of the materiality of each of the three outstanding issues.
What is the contribution margin per hour of painting department time for each product and what is the optimal mix of products?
Compute the gain or loss on the sale and determine if Kinnaird Hospital should purchase the new scanner on January 2, 2012 - Explain why Kinnaird Hospital might be reluctant to purchase the new scanner, regardless of the results indicated by the inc..
If the investment manager is recently making a return on investment of 16 %, which project(s) would the manager want to pursue? If the cost of capital is 10 % and the annual earnings estimated cash flows excluding finance charges, which projects ..
part-1the following information pertains to the wong corporationspecific
Use the horizontal model to record the effects of the subsequent items Subscription fees received in advance in September 2010.
Howell Industries has total fixed costs of $150,000 and the company's contribution margin represents 60% of revenue per unit, Last year, Howell Industries earned $50,000 pre-tax, and this year it would like to improve that figure by 20%.
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