Managerial Accounting Study Guide Chapter 2 Differences between financial and managerial accounting Managerial accounting provides information to managers‚ the people inside the organization who direct and control its operations. Financial accounting provides information to stockholders‚ creditors‚ and others who are outside the organization. Managerial accounting = inside the organization Financial accounting = outside the organization Exhibit 2-2 Comparison of Financial and Managerial Accounting
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Jonathon Martin Period 1 Chapter 8 Questions 1. Long-distance commerce acted as a motor of change in pre-modern world history by altering consumption and daily life. Essential food and useful tools such as salt were traded from the Sahara desert all the way to West Africa and salt was used as a food preserver. Some incenses essential to religious ceremonies were traded across the world because there was a huge demand for them. Trade diminished economic self-sufficiency by creating a reliance on
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Chapter 4&5 1. According to the author‚ what makes the use of grand juries attractive to prosecutors? How does this explain their use when it comes to investigations of controversial militant behavior? 1. Grand jurys have the ability to pursue investigations even when crimes have not been committed. 2. Witnesses called before the grand jury can be aggressively be questioned with no lawyer present. 3. Proceeding by indictment uses the grand jury’s legitimacy and prestige to generate support By
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and managerial accounting‚ the first differences has to do with the primary users of the reports; in financial accounting the reports are used by external users such as stockholders‚ creditors and regulators. On the other hand managerial accounting reports are used by internal users and include officers and managers. In addition the type and the frequency of the reports differ; financial accounting have financial statements and quarterly and annually are for general purposes while managerial reports
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Pam Powers MBA 516 Case Study: Wendy’s Chili: A costing Conundrum Dave Thomas was a man with a vision. He began his career in Columbus‚ Ohio in 1969 when he purchased a Kentucky Fried Chicken (KFC) franchise that was unprofitable. Dave turned that franchise into a profitable business and sold it back to KFC at a substantial profit. Dave had also co-founded Arthur Treacher’s Fish & Chips and was very familiar with the quick-service industry. However‚ hamburgers were Dave’s favorite
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Brittney Henley Pd. 2A Chapter 12: Age of Religious Wars Key Topics; -War between Calvinists and Catholics in France. -The Spanish occupation of the Netherlands. -Struggle for supremacy between England and Spain. -The devastation of Central Europe during the Thirty Years’ War. |Vocabulary |Notes | | |
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Salem State University ACC202 – Managerial Accounting – Practice Test Chapters 14‚ 1‚ 2 Professor Paul F McGee‚ CPA Name___________________________________________ Please indicate the best/correct answer by circling the appropriate letter. 1. Managerial accounting helps managers perform three vital activities. These activities include all of the following except: a. Planning b. Controlling c. Decision making d. Hiring Controllers 2. The act that was intended to protect the interests
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1‚ 1964‚ known as Hilton International Co.. It was acquired in 1967 by Trans World Corp.‚ the holding company for Trans World Airlines. In 1986 it was sold to UAL Corp.‚ the holding company for United Airlines‚ which became Allegis Corp. in an attempt to re-incarnate itself as a full-service travel company encompassing Westin Hotels and Hertz rental cars in addition to Hilton International and United Airlines. In 1987 after a corporate putsch‚ the renamed UAL Corp. sold Hilton International to Ladbroke
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LIVING WITH ART Test Bank – Chapter 4 Multiple Choice 1. Which of the visual elements can best be described as “the path of a moving point”? a. motion b. time c. mass d. line e. light Answer: d 2. During the 20th century‚ which of the following became a recognized element of art? a. motion b. texture c. color d. line e. shape Answer: a 3. Lines are used in art to indicate a. boundaries between forms. b. direction and motion. c. shadows and highlights. d. spatial depth on flat surfaces. e. All
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a) Journalize the above transactions | | | | | | | Date | Account Titles and Explanation | Debit | Credit | 2011 | | | | Dec. 5 | Cash | 90 | | | Service Revenue | | 90 | | Unearned Service Revenue | 60 | | | Service Revenue | | 60 | 8 | Cash | 300 | | | Accounts Receivable | | 300 | 9 | Cash | 750 | | | Unearned Service Revenue | | 750 | 15 | Accounts Payable | 50 | | | Cash | | 50 | 16 | Accounts Payable | 600 | | |
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