Explain how knowledge of managerial accounting can assist a manager with regard to the followingconcerns:
- He is deciding whether to push through with a project.
- He is determining whether a branch is profitable or not.
- He is deciding whether to process a certain product further before selling.
- He would like to show to the Board of Directors how the business is financially performing and how cash is being used.
- He would like to plan for the year so that he will be prepared to deal with shortage of cash fund.