Accounting for decision makers

Accounting for Decision Makers (QUESTIONS AND CORRECT ANSWERS 2024)A+100%

1. The impact a business's activities have on its overall financial performance: What does accounting focus on? 2. Statement of cash flows: Which report summarizes cash collections and cash expenditures from operating, investing, and financing activities over a period of time? 3. Employees: Which users would have a primary concern with an organization's ability to provide healthcare benefits? 4. An increase in its compatibility to other companies: Which benefit does a corporation g...

"Break even analysis" - Cost Volume profit analysis (CVP) "the line" is income from continuing operations. Reported "net of taxes" - Below the line items 1 paid in capital, 2 retained earnings, 3 treasure stock, 4 accumulated other comprehensive income. - Owners Equity 1. Identify overhead cost. 2. Analyze individual overhead costs in terms of cost activities COST POOLS. 3. Identify measurable cost drivers (numerical # such as gallons). 4. Assign overhead. 5. Use the ABC date to m...