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Solutions for Managerial Accounting, 1st edition by Jennifer Cainas
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  • Managerial Accounting
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  • Managerial Accounting

Complete Solutions Manual for Managerial Accounting, 1st edition 1e by Jennifer Cainas, Kelly Richmond Pope. ISBN-13: 9422 Full Chapters Solutions are included Managerial Accounting: An Information System Appendix 1A: Interpret the behavioral implications of managerial accounting and the Ins...

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  • July 19, 2023
  • 613
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • Managerial Accounting
  • Managerial Accounting

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Chapter 1
EOC Questions and Solutions




Discussion Questions

1. What is meant by the cost-benefit constraint when developing managerial accounting
systems?

Difficulty: Easy

Time on Task: 3 minutes

Objective: LO6

AACSB: Application of knowledge

Assignment: Homework

Solution:
The cost of obtaining the inputs and processing those inputs into information that
is concise, easily understandable, and timely must be less than the benefits
obtained from the information.



2. Differentiate between operational and strategic information needs.

Difficulty: Moderate

Time on Task: 4 minutes

Objective: LO2

AACSB: Reflective thinking

Assignment: Quiz, Test and Homework

Solution:
Different information is required for strategic and operational decisions. Strategic
decisions, which are typically made by upper-level management, require
information so that managers can determine with which markets, customers,
services, or products they should operate. Operational decisions, in contrast, are
typically made by operations management. Those managers require information
on how to efficiently and effectively render services or provide product lines.


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