Suggest two reasons why in pre-industrial times there was no need for entities to have a management

Question:

Suggest two reasons why in pre-industrial times there was no need for entities to have a management accounting system.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting For Non-Accounting Students

ISBN: 9781292128979

9th Edition

Authors: John R. Dyson, Ellie Franklin

See More Books

Question Posted: Oct 11, 2022 02:47 AM

See More Questions

Suggest two reasons why the adjustments proposed by independent auditors more often than not call for reducing recorded earnings.
It is commonly suggested that a management accounting system should be capable of supplying different measures of cost for different purposes. You are required to set out the main types of purpose...
Discuss the need for entities to provide additional information to users.
Fill in the blanks with the proper method names to deserialize an object. (Choose two.) A. writeObject in the first blank B. writeResolve in the first blank C. readObject in the first blank D....
A researcher claims that the percentage of adults in the United States who own a video game system is not 26%. Describe type I and type II errors for a hypothesis test of the indicated claim.
An experiment was conducted on a chemical process that produces a polymer. The four factors studied were temperature (A), catalyst concentration (B), time (C), and pressure (D). Two responses,...
What problems not generally found in manufacturing systems do service systems present in terms of scheduling the use of resources? LO.1
James Hardy recently rejected a $20,000,000, five-year contract with the Vancouver Seals. The contract offer called for an immediate signing bonus of $5,000,000 and annual payments of $3,000,000. To...
Q2 A traffic count was conducted on the northbound direction of a four-lane undivided multilane highway during the busiest hour of the day (refer to Table Q2). The highway accommodates commuter...
Zippy Corporation just sold $30 million of convertible bonds with a conversion ratio of 40. Each $1,000 bond is convertible into 25 shares of Zippys stock. a. What is the conversion price of Zippys...
What is meant by the phrases driving value and managing risk?
What sort of skills does business need in order to support decision-making?
A small hydraulic impulse turbine is supplied with water through a penstock with diameter $D$ and length $L$; the jet diameter is $d$. The elevation difference between the reservoir surface and...
Sample for a Poll There are 30,488,983 Californians aged 18 or older. If The Gallup organization randomly selects 1068 adults without replacement, are the selections independent or dependent? If the...
Part A: You have successfully graduated Conestoga College and have joined a public accounting firm in their tax department. You have been assigned to work on a project with Emily Wilson, one of the...
Write a program that gets a list of integers from input, and outputs negative integers in descending order (highest to lowest). Ex: If the input is: 10 -7 4-39 -6 12 -2 the output is: -2-6-7-39 For...
The manager of a division that produces add-on products for the automobile industry had just been presented the opportunity to invest in two independent projects. The first is an air conditioner for...
4. We are interested in the effect on test scores of the student-teacher ratio (STR). The following regression results have been obtained using the California data set. All the regressions used...
Solve each problem. Sketch a graph showing the distance a person is from home after x hours if he or she drives on a straight road at 40 mph to a park 20 mi away, remains at the park for 2 hr, and...
The comparative statements of financial position of Menachem NV at the beginning and end of the year 2019 appear below. Net income of ¬34,000 was reported, and dividends of ¬23,000 were paid...
Cite two examples of business products that require a substantial amount of service in order to be useful.
Explain why a new law office might want to lease furniture rather than buy it.
Would you expect to find any wholesalers selling the various types of business products? Are retail stores required (or something like retail stores)?
The Balance Sheet has accounts where the accountant must make estimates. Some situations in which estimates affect amounts reported in the balance sheet include: Allowance for doubtful accounts....
Alado fis istirmerfs Tat likifond 205L [ridont inip lanod whadtinion? hingend is antan Qultit foer avdeed Divdasit errem yodichiders Etexlpoges Getmare nelp
The limitation on the deduction of business interest does not apply to non-corporate taxpayers. course hero True or False explain?

Suggest two reasons why in pre-industrial times there was no need for entities to have a management

Question:

Step by Step Answer:

1 There was no need to track or manag...View the full answer

Accounting For Non-Accounting Students

Students also viewed these Business questions