__________ accounting is used to provide information and analysis to managers within the firm to assist them in decision making.
a) Financial
b) Tax
c) Accrual
d) Managerial
Answer: D
Learn More :
GEB Chapter 17
- Guillermo is currently in the process of projecting how much his firm will have to spend on supplies, travel, rent, advertising, and salaries for the coming financial year. Guillermo is working on the:
- Jackie Jones is a finance manager for Pretty Poseys, a wholesale florist. As finance manager, which of the following would be one of Jackie's responsibilities?
- Which of the following is true of the use of computers in accounting?
- Which of the following would be considered a current asset?
- If you were one of Beck's accountants and you were asked to evaluate if the firm has enough funds to pay its bills that are coming due in the next few months, how would you respond?
- Celia's boss asked her to determine if their company is operating with too many borrowed funds. Which ratio will Celia utilize to help her with her decision?
- Ledgers are used to compile information to complete which of the following?
- Which of the following describes an activity associated with accounting?
- A Certified Public Accountant (CPA) is ___________ .
- The accounting cycle is a six-step process that results in:
- Accumulated earnings from a firm's profitable operations that are kept in the business and not paid out to stockholders are called _____________.
- Darby's company reported net income after taxes of $2,000,000, on sales of $225 million. Her boss asked her to calculate the earnings per share for stockholders. Darby noted that the company's balance sheet showed 44 million shares outstanding. To explain to him that her calculation is correct, Darby's correct response is __________.
- Which of the following is most helpful in analyzing the financial performance of a company?
- A debt to equity ratio of over 100% would mean:
- In order for information to be meaningful, a firm's accounting processes and procedures should be certified as accurate by acceptable accounting standards. Companies hire ________ to provide unbiased opinions about the accuracy of a firm's financial statements.
- A specialized accounting book in which information is accumulated into specific categories and posted so managers can find all information about one account in the same place is a:
- In a private company's accounting system, inputs are _______________ and outputs are _________.
- If you were working as a bookkeeper, the first action you would take is to:
- The fundamental accounting equation is ________.
- Small businesses that are just getting off the ground often have problems with the difference between cash coming into the business and cash going out of the business. For example, if the company allows far too lenient credit sales terms, customers do not pay on time, which could cause cash to come in too slowly. That's why all businesses must keep a careful watch on their ________.
- Buying and selling goods, acquiring insurance and using supplies represent __________ transactions.
- The primary purpose of accounting is to:
- Which of the following assets would be considered to be the most liquid (able to convert easily to cash) assets?
- If Beck's Bicycles, Inc.'s income statement shows gross profit of $350 million, with operating expenses of $120 million, and if Beck's tax rate is 30%, what is the firm's net income after taxes?