Accounting d196 question - Study guides, Class notes & Summaries

Accounting D196 Question

Accounting D196 Questions with 100% correct answers _ verified

Accounting D196 Questions with 100% correct answers / verified

Accounting D196

Accounting D196 Questions with 100% correct answers / verified

Accounting System -ANSWER Used by business to: 1. Analyze transactions 2. Handle routine bookkeeping tasks 3. Use the information to evaluate business performance Analysis/Bookkeeping/Evaluation -ANSWER Accounting -ANSWER Quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions Decision-Making Process -ANSWER Business -ANSWER An organization operated with the objective of making a profit from the ...

ACCOUNTING - D196 – QUESTIONS WITH 100% CORRECT ANSWERS What is the primary difference between managerial accounting and financial accounting? CORRECT ANSWER Managerial is internal to an organization and Financial is externally facing Define bookkeeping CORRECT ANSWER The preservation of a systematic, quantitative record of an activity What is a tool for evaluating the health and performance of an organization that predates writing? CORRECT ANSWER Bookkeeping What are the three prima...

WGU D196 - Principles of Financial and Managerial Accounting (2024) Exam Questions & Answers Graded A+ Sample Question & Answer: what does managerial accounting review - Answer - product cost, breakeven analysis, budgeting, performance analysis, outsource production

WGU-D196 {Accounting} Exam Review Questions & Answers Sample Question & Answers: Expenses - Answer - The amount of assets consumed through business operations; The costs incurred in normal business operations to generate revenue.

D196 PRINCIPLES OF FINANCE AND MANAGERIAL ACCOUNTING Question and Answers Part 2 Correctly Solved 100% What is an example of direct materials? Cost of robotic equipment in making automobiles Cost of sandpaper in making wood furniture Cost of saws and hammers in constructing a house Cost of aluminum in making an airplane ANS- Cost of aluminum in making an airplane What is the effect of a company's accounting department maintaining high ethical standards? The company can hire fewer acc...