Managerial Accounting Exam 1 Review questions with verified correct
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Course
Managerial Accounting
Institution
Managerial Accounting
Cash Inflows - correct answer Activities which increase cash
Cash Outflows - correct answer Activities which decrease cash
Operating Activities - correct answer Is the result of everything you do in the Day to Day Operations, includes current assets and liabilities
Investing Activities - c...
Cash Outflows - correct answer Activities which decrease cash
Operating Activities - correct answer Is the result of everything you do in the Day to Day Operations,
includes current assets and liabilities
Investing Activities - correct answer Is the buying and selling of long term assets and short term
investments; Equipment, building, and property; long term assets and liabilities
Financing Activities - correct answer Is anything that affects the liability side of the balance sheet; How
you get capital; long term and short term borrowing, payment of dividends and the buying and selling of
the company stock
Ending Cash Balance - Beginning Cash Balance - correct answer Change in Cash Flow= What formula?
Financial Accounting - correct answer Concerned with reporting financial information to external parties,
such as stockholders, creditors, and regulators.
Managerial Accounting - correct answer Concerned with providing information to managers for use
within the organization.
Budget - correct answer A detailed plan for the future that is usually expressed in formal quantitative
terms.
Performance report - correct answer Compares budgeted data to actual data in an effort to identify and
learn from excellent performance and to identify and eliminate sources of unsatisfactory performance.
Strategy - correct answer A "game plan" that enables a company to attract customers by distinguishing
itself from competitors
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