The primary purpose of managerial accounting is to provide information useful for management decisions. Many of the

Question:

The primary purpose of managerial accounting is to provide information useful for management decisions. Many of the managerial accounting techniques that you learn in this course will be useful for decisions you make in your everyday life.

Instructions
For each of the following managerial accounting techniques, read the definition provided and then provide an example of a personal situation that would benefit from use of this technique.
(a) Break-even point (page 951).
(b) Budget (page 1032).
(c) Balanced scorecard (page 1153).
(d) (page 1198).

Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...