Answer:
Full funding policy.
Explanation:
This would be a violation of Full funding policy.
Full funding strategy is a federal budgeting requirement implemented by Congress in the 1950s on the Department of Defense (DOD) that mandates all acquisition expenses of a weapons or piece of military equipment to be financed in the year the object is procured. Hence in the above example there is violation of Full funding strategy.
Answer:
a responsibility center that incurs costs and generates revenues.
Explanation:
We know that
The profit = Sales revenue - cost
After selling the product and incurred expenses, the amount which is left is shown as a profit. The remaining amount is termed as a profit that a firm has earned during a particular year.
It is the responsibility center at which we know about the total cost incurred and total revenues earned so that it becomes easy to compute how much the firm has earned the profit in a year.
Reflects the satisfaction a consumer receives from consuming a particular set of goods and services
Answer:
b) You should solicit the help of a reliable and qualified mechanic to inspect the car after the purchase.
Explanation:
When a car is purchased from an individual, then there are chances that the car is second hand, and buying a second hand car, will mean that the car has to be inspected before buying.
Thus, inspection is necessary but before buying the car and not after buying, from the mechanic as the car might have some defects.
Accordingly the statement b which states that verification shall be done <u>after</u> buying is false.
Answer:
C. Increase by $7,000
Explanation:
Current net operating income
($80 x 200) - $5,000
$16,000-$5,000
= $11,000
With the change the net operating income will be:
($80 - $20) x 200 x 150%
($60)×200×1.5
($60)×300
= $18,000
$18,000-$11,000
=$7,000 Increase
Therefore If the change is implemented, net operating income will: be an increase of $7,000 per month because the current net operating income was $11,000 and with the change the net operating income was increased to $18,000 which is why the income will increase by $7,000.
