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Illusion [34]
1 year ago
5

What is responsibility accounting? why should noncontrollable costs be excluded from perfor-mance reports prepared in accordance

with responsibility accounting?
Business
1 answer:
SSSSS [86.1K]1 year ago
5 0

Assigning responsibility is done through a system of control called responsibility accounting. Non-controllable costs are excluded from performance reports prepared in accordance with responsibility accounting because costs and revenues are connected with individuals for improved control and performance appraisal.

Responsibility accounting is a type of management accounting that oversees all of a company's internal accounting, budgeting, and management. Supporting all of a company's planning, costing, and responsibility centers is the main goal of this accounting.

Responsibility accounting serves as a tool for decision-making as well as a means of control. The data gathered by this technology aids management in organizing its upcoming operations. Setting future goals for distinct cost centers is also aided by their historical performance.

Since costs and revenues are linked to specific people for better management and performance evaluation, non-controllable costs are removed from performance reports created in accordance with responsibility accounting.

To learn more about responsibility accounting refer to:

brainly.com/question/5019529

#SPJ4

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The rate that a state assigns reflecting a company's stability or instability in employing workers is the:
Nataly [62]
It would be the merit rate wherein a <span>state assigns reflecting a company's stability or instability in employing the worker. In addition, the state most likely allocates points to its employees base on their individual performances in which it is measured with respect to the employee turnovers the have.</span>
5 0
3 years ago
During a period of economic expansion, when expected profitability is high, the: select one: a. Equilibrium price of bonds incre
spin [16.1K]

During a period of economic expansion, the demand curve for bonds shifts to the left.

<h3>What is the effect of an economic expansion?</h3>

During an economic expansion, the supply of money in the economy rises and the demand for money also increases. This leads to an increase in the interest rate and the price of the bonds would fall.

If expected profitability is expected to be high, people would prefer to hold more risky investment. Thus, there would be a fall in the demand for bonds. The demand curve for bonds would shift to the left.

Here are the options to this question:

A) the demand curve for bonds shifts to the left.

B) the supply curve of bonds shifts to the right.

C) the equilibrium interest rate falls.

D) the equilibrium price of bonds rises.

To learn more about economic expansion, please check: brainly.com/question/831569

#SPJ12

4 0
2 years ago
Pharoah Corporation provides its officers with bonuses based on net income. For 2017, the bonuses total $384,900 and are paid on
Keith_Richards [23]

Answer: Pharaohs journal $

Date

December 31, 2017

StaffBonusexpensesDr384,900

Accruede liability Cr384,900

Narration. Staff bonus due as at date.

February 15,2018

Accrued liability Dr 384, 900

Bank Cr. 384,900

Narration. Payment of staff bonus due

Explanation:

In line with the acrual concept of recognising expenses at the period they are due for payment. The staff bonus will be recognized as an expense to the income statement in 2017 and accrued as liability in the balance sheet if it's not paid.

The payment in 2018 will be a debit to the liability account and credit to the cash or bank account.

5 0
3 years ago
Year Cash Flow 0 –$ 8,300 1 2,100 2 3,000 3 2,300 4 1,700 What is the payback period for the set of cash flows given above? (Do
Readme [11.4K]

Answer:

3.53 years

Explanation:

The computation of the payback period is shown below:

In year 0 = $8,300

In year 1 = $2,100

In year 2 = $3,000

In year 3 = $2,300

In year 4 = $1,700

If we sum the first 3 year cash inflows than it would be $7,400

Now we subtract the $7,400 from the $8,300 , so the amount is  $900 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $1,700

So, the payback period equal to

= 3 years + $900 ÷ $1,700

= 3.53 years

7 0
3 years ago
What are the characteristics of open and honest communication?
earnstyle [38]

Answer:

being open and honest builds a sense of self-worth. It is about being moral, truthful to yourself and with others.

Explanation:

4 0
3 years ago
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