1 pts Question 24 A Training Company (ATC) is running on-line digital marketing training sessions over the next 8 months. There are currently 60 participants enrolled in this training i.e., 3 sessions with 20 participants in each session. As more participants sign up, more sessions will be conducted (at different times/dates). ATC has the capacity (and hopes to) to run as many sessions of this training as possible in 2021 (always with 20 participants in each session). It does not foresee demand from the market to exceed its ability to provide this training. ATC uses its full-time employees as instructors to conduct this particular training. These employees are paid a fixed wage that was determined at the start of the current year. ATC is currently deciding whether to accept an additional 20 participants for this training. All 20 potential participants are from a single organization called Cheapskate Digital Marketing (CDM) Inc. which is demanding a discount on the price that ATC normally charges to attend this training. Which of the following pieces of information is likely to be relevant for ATC when deciding whether to accept the participants from CDM? 1. The price that CDM is willing to pay for their (20) employees to attend this training 2. The training instructor's wages 3. The future marketing costs that ATC is expecting to incur to promote this training. O Statement 1 only Statement 2 only Statement 1 and 3 only O Statement 1 and 2 only Statement 1.2 and 3 Which of the following statements about financial accounting and management accounting are likely to be true? 1. It is more important for management accounting information to be timely (i.e., available when needed) than precise. 2. The assignment of inventoriable cost to units of output is required to produce management accounting information but is NOT required to produce financial accounting information 3. Management accounting information consists predominantly of financial information as nonfinancial information is not sufficiently reliable. Statement 1 only O Statement 2 only Statement 3 only Statement 1 and 2 only Statement 1 and 3 only