Solutions for Managerial Accounting, 1st edition by Jennifer Cainas
2 views 0 purchase
Module
Managerial Accounting
Institution
Managerial Accounting
Complete Solutions Manual for Managerial Accounting, 1st edition 1e by Jennifer Cainas, Kelly Richmond Pope. ISBN-13: 9422
Full Chapters Solutions are included
Managerial Accounting: An Information System
Appendix 1A: Interpret the behavioral implications of managerial accounting and the Ins...
1. What is meant by the cost-benefit constraint when developing managerial accounting
systems?
Difficulty: Easy
Time on Task: 3 minutes
Objective: LO6
AACSB: Application of knowledge
Assignment: Homework
Solution:
The cost of obtaining the inputs and processing those inputs into information that
is concise, easily understandable, and timely must be less than the benefits
obtained from the information.
2. Differentiate between operational and strategic information needs.
Difficulty: Moderate
Time on Task: 4 minutes
Objective: LO2
AACSB: Reflective thinking
Assignment: Quiz, Test and Homework
Solution:
Different information is required for strategic and operational decisions. Strategic
decisions, which are typically made by upper-level management, require
information so that managers can determine with which markets, customers,
services, or products they should operate. Operational decisions, in contrast, are
typically made by operations management. Those managers require information
on how to efficiently and effectively render services or provide product lines.
32
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StepsSol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £24.08. You're not tied to anything after your purchase.