Based on financial information, managerial accountants assist businesses in determining when, where, and how much money to spend. Decision-makers can use common capital budgeting indicators, such as net present value and internal rate of return, to determine whether to start expensive projects or acquisitions.
Managers use accounting data to help with decision-making, management, and the execution of their control functions. This practice is known as management accounting.
The term "managerial accounting" refers to a system of accounting that produces documentation, reports, and statements that aid management in making better judgments about the operation of their company. Internal uses make up the majority of managerial accounting.
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Can you give us the multiple choice answers?
Answer:
D
Explanation:
According to an article published on modernhealthcare.com on Feb-2019, around 33% of total health care spending goes to hospital care. 33% calculates as to one-third of total health care spending portion.
I think it's a cashier's check...(Don't mark my words)
Answer: A firm should not continue production when its MR is lower than its AVC.
Explanation:
The goal of every firm is to minimize cost and also maximize profits and therefore the firm will operate at the output level where the marginal revenue and the marginal cost equates.
A firm should not continue production when its MR is lower than its AVC. Here, the firm will incur a higher loss during production as producing will not offset the variable cost. Therefore, it's better to shut down.
