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Management accounting can be defined as the identification, measurement and communication of accounting information for the managers of a business to help them with their decision-making. True False

Which of the following statements is incorrect about the sources of finance used by companies: The company's choice between different external sources of finance does not impact its overall cost of capital. Long-term finance is for a period longer than one year whereas short-term finance is for a period shorter than one year The higher the risk associated with a source of finance, the higher the expected return from investors Internal sources of finance come from the company's own reserves. External sources of finance require the agreement of outside partics like lenders and investors.

The balanced scorecard (BSC)approach involves setting objectives and developing appropriate measures and targets on four main areas. Which of the following is not one of those areas: Staff development and business growth Customers Internal business processes Taxation Financial returns

Question 14 In the net present value method of investment appraisal, the decision rule is to __ the project if NPV is negative. reject accept 3 pts

Safe Ride Itd. makes and sells bikes. The fixed cost of operating the workshop for a month totals ￡1,800. Each bike requires materials that cost f70 Each bike requires 4 hour to make, costing E20 per hour in labour costs. Once ready for sale each bike is sold to a wholesaler for ￡200. What is the Break Even Point in number of bikes for the business? 36 bikes None of the options. 130 bikes 40 bikes