Required: Identify any TWO concepts from the term that you find most valuable or interesting to you. This can be a qualitative concept, or a quantitative concept. For each concept: 1) Name and describe its purpose or use and the context in which youd use it. 2) Demonstrate (or calculate) the concept using either real or hypothetical data. 3) Briefly analyze the results you compiled. 4) Comment on the significance or importance of the concept or finding.

this is for managerial accounting.