What function does “feedback” play in the work of the manager and how does accounting help the managers in this regard?
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What function does “feedback” play in the work of the manager and how does accounting help the managers in this regard?
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QUESTION 1 (160 words)
What function does “feedback” play in the work of the manager and how does accounting help the managers in this regard? Explain using examples to support your discussion.
QUESTION 2 (160 words)
Is it possible for costs such as salaries or depreciation to end up as assets on the balance sheet? Explain using examples to support your statements.
QUESTION 3 (160 words)
XYZ Company has high fixed expenses and is presently operating somewhat above the break-even point. From this point on, will percentage increases in net income tend to be greater than, about equal to, or less than percentage increase in total sales? Why? Explain.
