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Indicate whether each phrase is more descriptive of financial accounting or managerial accounting.
(a) May be subjective
Financial accounting
Managerial accounting
(b) Often used to obtain financing
Financial accounting
Managerial accounting
(c) Typically prepared quarterly or annually
Financial accounting
Managerial accounting
(d) May measure time or customer satisfaction
Financial accounting
Managerial accounting
(e) Future oriented
Financial accounting
Managerial accounting
(f) Has a greater emphasis on cost-benefit analysis
Financial accounting
Managerial accounting
(g) Keeps records of assets and liabilities
Financial accounting
Managerial accounting
(h) Highly aggregated statements
Financial accounting
Managerial accounting
(i) Must conform to external standards
Financial accounting
Managerial accounting
(j) Special-purpose reports
Financial accounting
Managerial accounting
(k) Decision-making tool
Financial accounting
Managerial accounting
(l) Income statement, balance sheet, and statement of cash flows
Financial accounting
Managerial accounting
Part 1 (0.2 pt) X Feedback See Hint A consumer receives an endowment of $200.00 this period and $800.00 next period. Currently the interest rate is 11.00%. The present value of the endowment is $ X 222 . (Give your answer to two decimals.) Part 2 (0.4 pt) Feedback See Hint Suppose that instead, the endowment is $240.00 this period and $1040.00 next period. Suppose that the interest rate is still 11.00%. Now the present value of the endowment is $ x 1394.40 . (Give your answer to two decimals.) With the new endowments, the consumer is " wealthier Part 3 (0.4 pt) Feedback See Hint Now suppose that the endowment is $150.00 in the first period and $775.00 in the second period. The interest rate is still 11.00%. Now the present value of the endowment is $ x 1010.25 . (Give your answer to two decimals.) With the new endowments, the consumer is poorerIn the attached diagram, what is the factor endowment ratio for Microland? Graph 5.0 Resource Endowments for Two Countries: Macroland and Microland Total Capital (million units) Macroland Resource Endowment Box 1600 Microland Resource Endowment Box 800 200 400 Total Labor (million Units) Oa. 2 b. 4 c. 6 Od. 8Answer: Reducing the number of December advertising spots and increasing the number to be run in January. Acceptable As the Decisions taken by company, it is a business related decision. Giving salespeople a double bonus to exceed December targets. Acceptable Since this offer is for motivating the employees and also to push the business and it is 3?. ethical way of improving business. 3. Extending the close of the fiscal year beyond December 31 so that some sales from next year are counted in the current fiscal year. Un accepted As it is against the rules of the maintaining accounts 4. Persuading customers to accept merchandise for shipment in December that they would normally not order until the following year. Acceptable As there is no bribes are offered to persuade the customer and sales are occurred in December month 5. Altering dates on shipping documents so that sales made in January of the next year appear to have occurred in December of the current year. Unaccepted As it is up ethical and against GAAP E. Deferring advertising costs by asking the outside advertising agency to delay sending out bills for December advertisements until January or by having the agency indicate that advertisements run in December were run in January. Unacceptable As the expenses spent on December and recording forJanuary F. Defer performing routine monthly maintenance on equipment by an outside vendor until January. Accepted; g the expenses not actually spent not on December. What should you do if the president suggests that these actions are taken in every division of 321 and that the consumer division will be greatly harmed if it does not present \"better" results than 3% growth
