1. What does it mean when someone says "accounting is the language of business"?
2. Explain the difference between financial and managerial accounting.
3. Assume you own a successful lemonade stand. Give some examples of managerial accounting information/reports that may be helpful in running your business (different from financial accounting information).
4. Why is financial analysis via ratio analysis easier/better than just looking at raw numbers?
174098159903/02/202511:59pm
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