providěd about the company, what type of organization was Petite Palate?

Q: Can a business do without managerial accounting ?

A: Business is defined as any unit that is engaged in executing activities. They may be involved in…

Q: in how management accounting may differ for each of these types of businesses, service,…

A: Management accounting approaches differ widely depending on the sort of business, whether it is a…

Q: How do you prepare an income statement/calculate the operating income in managerial accounting?

A: Income statement: Income statement is a main part of financial statement. All revenues and expenses…

Q: compare and contrast betweeh managerial and financial accounting

A: Financial accounting is defined as the accounting for revenues, expenses, assets, and liabilities.…

Q: What are the types of Businesses according to Nature and differentiate each?

A: Solution Concept Types of business                 There are various types of business ,such as…

Q: What is the role of Engineers in business?

A: Engineers are normally engaged with assembling process structure, items, plant creation, and upkeep.…

Q: How do the activities of a company benefit society?

A: Even though a company have a profit motive, a cost can benefit society in many ways.

Q: What is the service industry, and how does it differ from the manufacturing industry? Provide…

A: The service industry, also known as the tertiary sector, encompasses businesses and economic…

Q: What is meant by company and essential characteristics of a company?

A: Company: The form of business entity, which is incorporated by state law into a separate legal…

Q: Distinguish between manufacturing-, merchandising-, and service-sector companies?

A: Manufacturing companies are the  ones which procure raw materials and carry out manufacturing…

Q: What is the role of the accountant in setting and implementing the goals of the company?

A: Profit maximisation: It is the goal of every company to earn maximum profit along with the…

Q: What are different forms of business organization? Write down their advantages and disadvantages.

A: Sole proprietorship, partnership, and company are the three basic types of business ownership. In…

Q: Which of the following policy decisions directly affectsemployees’ attitudes and work behaviors?…

A: employees are an inseparable part of any organization. All the planning done by the top management…

Q: Managerial accounting information is generally prepared for a. stockholders. b. creditors. c.…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Why are employees considered assets to an organization?

A: INTRODUCTION: Assets are items that you possess and can sell for money. An asset is any resource…

Q: Why would a start up business transition through organizational forms?

A: Organizational form primarily refers to the type of ownership and legal structure of a business…

Q: How stable are the company’s operations?

A: The cash flow statement is a record of the use and source of cash available for the firm during a…

Q: The documents which sets out basic rules for how a company is to run?

A: A company's constitution is a written text that lays down the laws that regulate it. It also…

Q: 1. Managerial accounting information is generally prepared for _______ a. Tax authorities b.…

A:

Q: Key changes within the population_ affect the workplace. O logistics statistics demographics O…

A: Workplace of the organization can be defined as the place structured by an organization where the…

Q: Which type of organization that manager does not have direct control over its members? a. Internal…

A: External organization : External organization means public, Society, Body corporate, Government etc.…

Q: Why division of tasks or units of an organization benefits the company

A: Organisational structure is an outline of a company, which defines the role and responsibility of…

Q: mpany uses Strategic Management Accounting Techniques?

A: Strategic management accounting identified as a generic approach to accountiing for strategic…

Q: What distinguishes accounting and business administration from each other?

A: Despite the fact that business administration and accounting are closely related, they have distinct…

Q: What is Customer Support Services in functions of marketing? A. The first impressions your produc B.…

A: Customer Support Services, as part of the functions of marketing, involve the provision of…

Q: ow does financial and managerial accounting impacts in the business world?

A: Financial accounting is the process of preparing financial statements that businesses use to…

Q: Define segments and explain how defining segments within a company can help with management. Define

A: Define segments and explain how segmenting a business can help with management. a Establishing an…

Q: How does the company compare with other companies in the industry?

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: How can factoring help a company manage itscash flow?

A: Sales means delivery of goods and services by the seller. It can be for cash sales or sales made on…

Q: Which income statement is most appropriate for a manufacturing business

A: >Income Statement can be prepared as a:--#1: Single Step Income Statement, or--#2: Multi Step…

Q: compare service concern from merchandising business as a far as the manner of generating income and…

A: Different types of business organizations includes manufacturing business, service business, and…

Q: What factors explain the differences in company performance in the same industry?

A: For firms within the same business sector like Mcdonalds, Starbucks, burger king, etc in the…

Q: What is the role of businesses?

A: The process by which financial transactions of the business are recorded and communicated with the…

Q: Do you think most organizations use one or both managerial and financial accounting? Why?

A: Yes, both managerial and financial accounting is required for an organisation due to the following…

Q: What are the different types of business organization?

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: Why Gross sales is important in a Company?

A: Gross sales: Gross sales is a metric for the total sales of the company, that are unadjusted for the…