1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kow [346]
3 years ago
12

In preparing a responsibility income statement that shows contribution margin and responsibility margin, two concepts are involv

ed in allocating costs to the various centers. These concepts are: Group of answer choices Whether the costs are variable or fixed and whether they are material in dollar amount. Whether the costs are traceable to the responsibility center and whether the responsibility center is organized as a profit center or an investment center. Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center. Whether the costs are traceable to the responsibility center and whether they are material in dollar amount. None is correct.
Business
1 answer:
Ivenika [448]3 years ago
4 0

Answer: Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center.

Explanation:

The Responsibility Income Statement is one where the different centers in a business have their own sub income statement so that the activities of each center and their profitability is measured and monitored.

In this statement, costs are classified as Variable and Fixed so it is important that it is known whether the costs are variable or fixed.

As the statements are per center, the costs in them would have to be only those that are directly traceable to that center so that a truer reflection of the statements can be seen.

You might be interested in
When a company has high operating leverage: Select one: A. It has low fixed costs. B. It borrows to cover most costs. C. It has
docker41 [41]

Answer:

C. It has high fixed costs relative to variable costs is the correct answer.

Explanation:

4 0
2 years ago
John has been working as a tutor for $300 a semester. When the university raises the price it pays tutors to $400, Jasmine enter
Elza [17]

Answer:

b. between $100 and $200

Explanation:

Producer surplus: The producer surplus is a difference between the willing price declared by the producers and the price the producers receives for supplying the goods and services.

In mathematically,

Producer surplus = Willing price - Receiving price

                            = $400 - $300

                            = $100

4 0
3 years ago
Crystal Industries is considering an expansion project with cash flows of -$287,500, $107,500, $196,100, $104,500, and-$92,700 f
GaryK [48]

Answer:

E. Yes: The MIRR is 9.13 percent.

Explanation:

<em>The First Step is to Calculate the Terminal Value at end of year 4.  </em>

Terminal Value (FV) = Sum of (PV x (1 + r) ^ 5 - n)

                                 = $107,500 x (1.134) ^ 3 + $196,100 x (1.134) ^ 2 + $104,500 x (1.134) ^ 1 + -$92,700 x (1.134) ^ 0  

                                 = $156,764.47 + $252,175,97 + $118,503 - $92,700  

                                 = $434,743.44

<em>The Next Step is to Calculate the MIRR using a Financial Calculator : </em>

- $287,500 CFj

0           CFj

0          CFj

0            CFj

$434,743.44   CFj

Shift IRR/Yr 9.13%

Therefore, the MIRR is 9.13% .

4 0
2 years ago
An accord is an agreement by the parties to offer and accept some performance different from that originally bargained for. the
Tema [17]
The answer is satisfaction. It is the legal consideration which binds the parties to the settlement. A valid accord does not discharge the prior contract; instead, it appends the right to enforce it in accordance with the terms of the accord contract, in which satisfaction. The performance of the contract will discharge both contracts. If the creditor breaches the accord, then the debtor will be able to bring up the existence of the accord in order to enjoin any action against him.
5 0
3 years ago
On January 1, 2016, Elite Advertising was contracted to run a marketing campaign for Pharm King's new dieting pills. In addition
stepladder [879]

Answer:

A. $50,000

Explanation:

150,000 for a 3 year compaing  = 50,000 per year

<u>The contract has just started </u>and the information available doesn't meet the criteria.

We must remember that <u>accounting has a principle of conservatism</u> regarding revenues. Accrue revenue without proper grounds is not correct. We should recognize the 1/3 of the base fee which is earned and matched the accounting cycle.

8 0
3 years ago
Other questions:
  • Operating a summer band camp - what would be the input - the conversion, and the output?
    6·2 answers
  • In​ 2019, BayKing Company sold used equipment for $ 21 comma 000. The equipment had an original cost of​ $80,000 and accumulated
    14·1 answer
  • Goods lawfully bearing trademarks or using patents and copyrighted material but entering the American markets without authorizat
    9·1 answer
  • Palm Meadows Inc. is in the business of building homes. It has acquired land large enough to make 10 large and 10 medium-sized h
    11·1 answer
  • A one-month European call option on a non-dividend-paying stock is currently selling for $1. The stock price is $47, the strike
    12·1 answer
  • Martha can produce 90 quilts or 180 batches of chocolate chip cookies in a month. Jane can produce 6 quilts or 18 batches of cho
    5·1 answer
  • On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,200,000 for $5,000,000. Rigsby appropriately uses the i
    9·1 answer
  • For many years, college costs (including tuition, fees, and room and board) increases have been higher than the inflation rate,
    14·1 answer
  • Suppose the United States can produce either 90 apples and 20 oranges or 80 apples and 30 oranges. What is the opportunity cost
    12·1 answer
  • madeline wants her son to be well-behaved when they go to church. for every five minutes he sits still, she gives him a piece of
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!