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Licemer1 [7]
3 years ago
11

Plans that identify costs and expenses under each manager's control prior to the reporting period, typically based on the flexib

le budget approach, are called:
Business
1 answer:
Aleks04 [339]3 years ago
6 0
There are several plans that can be used which are: -the managerial accounting systems, -the responsibility accounting systems, and -the responsibility accounting budgets. These plans can be used for identifying costs and expenses under each manager's control prior to the reporting period. These plans are made to measure the effectiveness and the efficiency of each manager works.
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Developmentalists believe that life-span development is ______ because it consists of interactions of biological, cognitive, and
Nataliya [291]

Developmentalists contend that because biological, cognitive, and socioemotional elements interact with one another, life-span development is multidimensional.

PERIOD DEVELOPMENT

Lifespan development is the process of growth throughout a person's life, from conception to death. Understanding all of the psychological, social, and cognitive changes that people go through requires a broad perspective. Since people adhere to a wide range of cultural traditions and ideals, this field of study is both broad and diverse.

What is multidimensional development?

The term "multidimensional development" recognizes the complexity of human development. Instead, the term "human development" is inclusive and covers a large range of potential components, such as:

Social advancement

Healthcare\

Education

societal cohesion (societies work together)

economic growth

Income

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3 0
1 year ago
Suppose the gdp is in equilibrium at full employment and the mpc is .80. if government wants to increase its purchase of goods a
melamori03 [73]

<span>The marginal propensity to consume is a metric that quantifies the concept of increase in consumption with an increase in income. Mathematically MPC is defined as:</span>

MPC = Change in consumption / Change in income

Purchase of goods and services is considered as consumption, therefore:

Change in consumption = $16 billion

In the government’s perspective, taxes are considered as income, therefore the problem ask us to find for the necessary change in tax collection to maintain equilibrium GDP. Substituting the values in the formula:

0.80 = $16 billion / Change in income

Change in income = $20 billion

<span>Therefore the government should increase the tax collection by $20 billion.</span>
6 0
3 years ago
Read 2 more answers
An organization's internal stakeholders consist of Multiple Choice a.the board of directors, customers, and local government.b.t
Andrej [43]

The board of directors, employees, and owners are an organization's internal stakeholders.

<h3>What is the role of internal stakeholders?</h3>

People who have a direct interest in a company, such as through employment, ownership, or investment, are said to be internal stakeholders. External stakeholders are people who do not directly work for a company but are nonetheless impacted in some way by the decisions and results of the enterprise. They participate in the company's management and have voting rights.

They are both members of the board of directors and the company's largest investors. As a result, they possess all the authority that other members of higher-level management do and are able to alter the course of the business. According to research, employees are by far the most significant stakeholder group for organizations, coming out ahead of clients, vendors, neighborhood associations, and shareholders by a wide margin.

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7 0
1 year ago
Assume that a company cannot determine the market value of equipment acquired by reference to a similar purchase for cash. Expla
Ghella [55]

Solution :

Let us suppose that a company cannot predict the market value of an equipment that acquired by the reference to the similar purchase for the cash. Thus the company finds cost of purchased of the equipment by exchanging :

-- the market price of the bonds when they have an established price in the market.

-- the market price of the bonds when the common stocks does not have a established market price.

-- market price of the equipment when the similar kind of an equipment have a determinable value in the market.

8 0
3 years ago
Prepare adjusting entries for the following transactions.
g100num [7]

Answer:

1. Debit Depreciation expense  $1,340

  Credit Accumulated depreciation  $1,340

2. Debit Interest expense  $275

   Credit Accrued Interest  $275

3. Debit Supplies expense  $450

   Credit Supplies Account  $450

4. Debit Unearned Service revenue  $3,100

   Credit Service revenue  $3,100

5. Debit Salaries expense  $900

   Credit Accrued Salaries  $900

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,  

Depreciation = (Cost - Salvage value)/Estimated useful life

It is recorded by debiting depreciation and crediting accumulated depreciation.

When interest is incurred as an expense but yet to be paid, it will be accrued for by Debiting Interest expense and crediting accrued Interest. The same applies to salaries incurred but yet to be paid.

When Supplies is purchased, Debit supplies and credit Cash/Accounts payable. As Supplies are used up, debit supplies expense (with the amount used) and Credit Supplies account.

Amount of supplies used up = $550 - $100

= $450

When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are

Debit Cash account and Credit Unearned fees or deferred revenue.

As the service is performed and the revenue is earned, debit Unearned fees and credit revenue.

Earned revenue = $4,000 - $900

= $3,100

5 0
3 years ago
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