Which One of the Following Is a Primary User of Managerial

question 62

Multiple Choice

Which one of the following is a primary user of managerial accounting?

• A)An ex-employee.
• B)A county taxing authority.
• C)A sales manager of one of the company's divisions.
• D)A bank that loaned a company $2,000,000.

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Definitions:

Credit Balance

Credit Balance refers to the amount of money that a company or individual has in their account that can credit against future purchases or borrowings.

Payee

The party in a financial transaction to whom money is paid or is to be paid.

Interest Income

Earnings received from deposit accounts or investments that yield interest, such as savings accounts, bonds, or loans.

Accounts Receivable

An asset account that records amounts a company has a right to receive because it has provided goods or services on credit.