Managerial Accounting questions with correct answers

What is one of the main differences between managerial and financial accounting? Correct Answer-Managerial is focused on future plans; financial is focused on past results A company that typically reports three types of inventory (raw materials, work-in-process, and finished goods) is called a Correct Answer-Manufacturer A company that reports only work-in-process inventory is most likely a Correct Answer-Service Company A company analyzes the data trail that you leave behind following your online searches and purchases to anticipate your desires and customize its products and services to better meet those needs. Correct Answer-data analysis and predictive analytics What type of company is Environmental Business Consultants (EBC), introduced in Chapter 1? Correct Answer-Service Firm According to the authors, which of the following typically works the fewest number of hours per week? Correct Answer-Government Accountants According to the AICPA, what portion of accounting graduates begin their careers in public accounting? Correct Answer-40% (Between 25% and 50%) In what order would an accounting student complete these steps to obtain and maintain a CPA license? Correct Answer-Complete an accounting degree, pass the CPA exam, apply for licensure, com