Exam (elaborations)
Managerial Accounting questions with correct answers.
- Course
- Institution
Managerial Accounting questions with correct answers.
[Show more]
Seller
Follow
Content preview
Managerial Accounting questions withcorrect answers.
Managerial accounting applies to all types of businesses, including service, merchandising, and
manufacturing, as well as to all forms of business organizations.
True/False ANS - True
Financial and managerial accounting are similar in that both:
A. produce general-purpose reports
B. deal with the economic events of an enterprise
C. have reports that are prepared quarterly and annually
D. have the same primary users ANS - B. deal with the economic events of an enterprise
Managerial accounting applies to each of the following types of businesses except:
A. manufacturing firms
B. merchandising firms
C. managerial accounting applies to all types of firms
D. service firms ANS - C. managerial accounting applies to all types of firms
Managerial accounting information is generally prepared for:
A. creditors
B. stockholders
C. managers
D. regulatory agencies ANS - C. managers
, Managerial accounting does not encompass:
A. calculating product cost
B. calculating earnings per share
C. determining cost behavior
D. profit planning ANS - B. calculating earning per share
Managerial accounting is applicable to:
A. service entities
B. manufacturing entities
C. not-for-profit entities
D. all of these ANS - D. all of these
Management accountants would not:
A. determine cost behavior
B. prepare reports primarily for external users
C. assist in budget planning
D. be concerned with the impact of cost and volume on profits ANS - B. prepare reports primarily for
external users
Internal reports must be communicated:
A. annually
B. daily
C. monthly
D. as needed ANS - D. as needed
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Professorkaylee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.29. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77851 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now