The primary difference between financial accounting and managerial accounting is that

Select one: a. Financial accounting is used by internal parties while managerial accounting is used by external parties. b. Financial accounting is prepared as needed (perhaps even daily), but managerial accounting is prepared periodically (monthly, quarterly, annually). c. Financial accounting is used by external parties while managerial accounting is used by internal parties d. Financial accounting is future-oriented while managerial accounting is historical Shine Jewelry sells 400 units resulting in $7,000 of sales revenue, $3,000 of variable costs, and $1,500 of fixed costs. operating income equal:

Select one: a. $4,000 b. $4.00 c. $3,000 d. $2,500 Alex Furniture sells a table for $850. His fixed costs are $21,000, while his variable costs are $500 per table. calculate breakeven point in revenues .

Select one: a. 60 b. 70 c. 51,000 d. 59,500