Which of the Following Is Not Part of Managerial Accounting

question 97

Multiple Choice

Which of the following is not part of managerial accounting?

• A)Determining whether planned goals are being met
• B)Reporting financial information to the shareholders
• C)Calculating product costs
• D)Controlling costs

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Definitions:

Cost Recovery

The process of regaining the value of an investment or expense, often through depreciation, amortization, or directly recouping expenses.

Gross Profit

The financial metric that represents the difference between revenue and the cost of goods sold (COGS) before deducting overhead, payroll, taxation, and interest payments.

Net Sales

The revenue a company earns from sales after subtracting the money refunded for returns, compensation for damaged or missing items, and any discounts offered.

Net Purchases

The total amount of purchases made by a business minus returns, allowances, and discounts.