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nexus9112 [7]
3 years ago
13

For higher levels of management, responsibility accounting reports:

Business
1 answer:
Yuri [45]3 years ago
5 0

Answer:

Option A is correct one.

<u>Are more summarised than for lower levels of management</u>

Explanation:

For higher levels of management, responsibility accounting reports<u> are more summarised than for lower levels of management.</u>

It is a summarised report facilitating the higher levels of management in order to keep a track of performance of low level management.

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Immigrant couples often abandon Breadwinner/Supportive Spouse strategies in favor of economic interdependence when they arrive i
Brut [27]

Answer:

they are adjusting to a new economic class

Explanation:

Economic interdependence refers to being dependent on your significant other to pull both of your economic resources together. Based on the information provided within the question it can be said that one of the main reasons for this is that they are adjusting to a new economic class . Moving to a new country requires sacrificing a lot and can be hard to find economic stability for a long time. Therefore couple both work and depend on each other economically.

5 0
3 years ago
Auditors who are searching for evidence that assets, liabilities, and equity items have been recorded at appropriate amounts and
trasher [3.6K]

Answer:

a. valuation and allocation.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.

An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

Auditors make use of accuracy, valuation and allocation to search for evidence that assets, liabilities, and equity items have all been recorded at appropriate amounts and allocated to the correct general ledger accounts of a business firm.

The main purpose of a general ledger is to list all accounts used in recording an organization's transactions and as such it contains a list of transactions affecting each account and the account's balance. Also, the page number of the account debited or credited in the journal is written in a posting reference of a ledger and it usually serves as a link to cross-reference or juxtapose the transaction from one record to another in a business firm.

6 0
2 years ago
When activity-based costing is used to apply overhead to products, support department costs are referred to as Group of answer c
Rainbow [258]

Answer:

Activity-based department costs

Explanation:

Activity Based Costing refers to a method : that allocates the cost of activities in organisation among produced goods & services, in proportion to that activity consumed by each good & service.

The model is  a better representative of particular goods & services production costs, unlike conventional cost methods - that divide the activity cost among each good or service equally. It assigns more indirect (overhead) costs into direct costs compared to Conventional Costing.

So, the approach states that overhead to products, supporting department costs - are referred to as <u>Activity Based</u> Department Costs

3 0
3 years ago
Assume that product Alpha and product Beta are both priced at $1 per unit and that Ellie has $20 to spend on Alpha and Beta. She
Yanka [14]

Answer: In order to maximize utility, Ellie should buy more of Alpha and less of Beta

Explanation: Marginal utility is the quantity of added satisfaction that a consumer enjoyed from consuming additional units of goods or services. Marginal utility is the additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service. However, in determining how much of an item consumers are willing to purchase marginal utility is used.

5 0
3 years ago
A company's income statement showed the following: net income, $149,000 and depreciation expense, $37,500. An examination of the
Vlada [557]

Answer:

$181,300

Explanation:

Net cash flow provided or used by operating activities is the net income plus depreciation since depreciation is not cash expense,plus the decrease in accounts receivable minus the increase in merchandise inventory plus the increase in accounts payable.

cash from operating activities=$149,000+$37,500+$11,900-$23,000+$5,900=$181,300

The cash flow provided by operating activities is $181,300

The increase in accounts payable was added because it represented cash saved by not paying accounts payable

5 0
2 years ago
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