My assignment is the attachment folder along with the questions.

How can managerial accounting be applied to your personal life? Give an example. (I am a student who works at retail) Write 7-8 sentences. 3-5 sentences: 1. Distinguish among service, merchandising and manufacturing companies 2. Describe the value chain and its elements 3. Distinguish between direct and indirect costs 4. Identify the inventoriable product costs and period costs of merchandising and manufacturing firms 5. Prepare the financial statements for service, merchandising, and manufacturing companies