education
What are the responsibilities of a management accountant?
Management accountants work for public companies, private businesses, and government agencies. Their duties include recording and crunching numbers, helpi...
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Education
education
What happens when a business files for bankruptcy?
Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to “liquidate” (sell) the company’s assets a...
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What is the concept of return to scale?
Returns to scale refers to the rate by which output changes if all inputs are changed by the same factor. Under increasing returns to scale, the change in...
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What is the effect of operating leverage?
The more operating leverage a company has, the more it has to sell before it can make a profit. In other words, a company with a high operating leverage m...
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How do you analyze variance?
The actual selling price, minus the standard selling price, multiplied by the number of units sold. Material yield variance. Subtract the total standard q...
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What are the steps of calculating the activity-based costing?
Step 1: Identify the products that are the chosen cost objects. Step 2: Identify the direct costs of the products Step 2: Identify the direct costs of the...
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Why is long-term financing needed?
Long term financing is required for modernization, expansion, diversification and development of business operations. Generally, the companies resort to t...
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education
What is the best course for HR?
5 Top Human Resource Management Courses AIHR – People Analytics Courses. Starting with our favorite, of course. Coursera – Human Resource Management: HR f...
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Are negatives or disadvantages of pursuing unrelated diversification strategies?
The two biggest drawbacks of pursuing unrelated diversification strategies are: a. increased likelihood that the company’s financial resources will be spr...
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What statistics are used to test a hypothesis?
Statistical analysts test a hypothesis by measuring and examining a random sample of the population being analyzed. All analysts use a random population s...
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