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3 years ago

An important goal of a responsibility accounting framework is to help ensure which of the following?

Business

1 answer:

MariettaO [177]3 years ago

3 0

<h2>segment and company financial goals are congruent.</h2>

Explanation:

I think the options are missed and hence given below for your reference:

a) decision-making is made by the top executives.

b) investments made by each segment are minimized.

c) identification of operating segments that should be closed.

d) segment and company financial goals are congruent.

Let us understand the meaning:

Congruent: It means two or more things coincides when superimposed.

Financial goals: The target which needs to be achieved in the current financial year.

Segments: Segment speaks about the location, product or service provided by the company.

Financial goals are necessary so that it would be easy to organize and work towards the specific goal.

For the business goal to be achieved, every organization should frame financial targets or goals.

So the important goal is to achieve segment and company financial goals and they become congruent when achieved.

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It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to sp

ki77a [65]

Answer:

1. more

2. less

3. borrowing

4. past savings

Explanation:

It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to spend more than they earn, while older adults tend to spend less. To accommodate their spending habits, young adults tend to rely on funds raised from borrowing . Retired adults, in contrast, tend to rely on past savings to cover the frequent shortage between their current expenditures and their current incomes.

4 0

3 years ago

A traveler who wants to explore and preserve the natural environment is a cultural tourist. True or false

Nataliya [291]

False, a cultural tourist wants to preserve the cultural/traditions of the local people.

3 0

2 years ago

Read 2 more answers

Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the following units to be sold in the first three mont

rewona [7]

Answer:

The sales budget is prepared below. See table below.

Explanation:

A sales budget shows the expected revenue and units to be sold for a forth coming accounting period. The sales budget for Patrick Inc would look as follows:

Sales budget

Month Units Revenue($)

January 41,000 1,435,000

February 38,000 1,330,000

March 50,000 1,750,000

4,515,000

Note the revenue per month is determined by multiplying the unit to be sold by the price per unit of $35

6 0

3 years ago

If the Japanese production function is Cobb–Douglas with capital share 0.3, output growth is 3 percent per year, depreciation is

miss Akunina [59]

Answer: The saving rate is 0.30

Explanation:

The Golden Rule savings rate is referred to as the rate of savings which maximizes steady state level or growth of consumption.

Let k be the capital/labour ratio (i.e., capital per capita), y be the resulting per capita output ( y = f(k) ), and s be the savings rate. The steady state is referred to as a situation in which per capita output is unchanging, which implies that k be constant. This requires that the amount of saved output be exactly what is needed to one quip any additional workers and two replace any worn out capital.

In a steady state, therefore: sf(k)=(n+d)k

Growth rate of output =3%

Depreciation rate= 4%

Capital output ratio is (K/Y)

= 2.5

Begin the steady state condition:

S= ( σ + n + g) (k/Y)

S= (0.03+0.04) (2.5)

S= 0.175

Golden rule steady state

MPK= (0.03+0.04)= 0.07

Capital output ratio=

K/Y= Capital share / MPK

K/Y= 0.3/0.07

K/Y= 4.29

In the golden state, the capital output ratio is equal to 4.29 in comparison to the current capital ratio 2.5.

The saving rate consistent with the steady growth rate

S= ( σ + n + g) (k/Y)

S= (0.03 +0.04) (4.29)

S= 0.30

The saving rate that is consistent with the steady growth rate is 0.30

6 0

3 years ago

Journalize the following transactions for Combs Company.

lions [1.4K]

Answer:

No Account Titles and Explanation Debit Credit

A. Raw material inventory $13,800

Direct material price variance $740

($13,800 - $13,060)

Account payable $13,060

(To record purchase of materials)

B. Work in process inventory $13,780

6,890 * ($13,800/6,900)

Direct material quantity variance $220

($13,780 - $13,560)

Raw materials inventory $13,560

6,780 * ($13,800/6900)

(To record materials issued to production)

8 0

3 years ago