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DerKrebs [107]
2 years ago
5

Financial accounting is the process of identifying, measuring, analyzing, and communicating financial information needed by mana

gement to plan, evaluate, and control a company's operations.True/false
Business
1 answer:
blagie [28]2 years ago
5 0

Answer:

False

Explanation:

Managerial accounting  is the type of accounting that classifies, analyze, interpret and communicate accounting information of an organisation  to the managers of that particular organisation for pursuit and achievement of the organisation's goal. It is mostly for internal use by the managers of the firm to improve the firm's activities directed towards achieving the goal of the organisation.  On the other hands, financial accounting is the process of recording, classifying, analyzing, measuring, interpreting and communicating financial data of an organisation to enable users of accounting information makes decision. The users of accounting information include the potential investors, shareholders, government, suppliers, customers etc. Therefore financial accounting is for external use   while managerial accounting is for internal use of the business  

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d.

Ron will not make his monthly goal of $1,270 and will need $741.68 to supplement his monthly income when he retires.

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A group of 72 people travel to the beach for a clean-up day. some of the people bring their own supplies (such as gloves, water,
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2 years ago
Investors expect that Amalgamated Aircraft Parts, Inc. will pay a dividend of $2.50 in the coming year. Investors requirea 12% r
ELEN [110]

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$50

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where D1 = Next year's dividend = 2.50

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2 years ago
Hal E. Burton hospital can purchase a new machine (to be placed in an undisclosed location) for $1,000,000 that will provide an
Ksju [112]

Answer:

$153,000

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= Present value of all cash inflows including salvage value after considering the discount factor - initial investment

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