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3 years ago

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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Steve goes to Tri-State University and pays $40,000 in tuition. Steve works to pay for his schooling and has an AGI of $37,000.

Lemur [1.5K]

Answer:

His American Opportunity tax credit is $2,500.

Explanation:

A taxpayer who has a modified adjusted gross income of $80,000 or less can claim the credit for the qualified expenses of an eligible student.

Taxpayers will receive a tax credit based on 100% of the first $2,000, plus 25% of the next $2,000 that is paid during the taxable year for tuition, fees and course materials and also, 40% of the credit (up to $1,000) is refundable.

Therefore, His American Opportunity tax credit is $2,500.

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3 years ago

Universal Travel, Inc. borrowed $500,000 on November 1, 2021, and signed a twelve-month note bearing interest at 6%. Principal a

Marrrta [24]

Answer:

The interest payable on the loan is $5,000,option C

Explanation:

The interest is the cost incurred by the company for borrowing the $500,000 since no one is willing to part with their cash in loan agreement except that they have something in return.

The company has taken custody amount for 2 months (from November 1 2021 to 31 December 2021),hence it should recognized an interest payable for 2 months,which is computed thus:

interest payable=$500,000*6%*2/12=$5,000

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3 years ago

Hugh tried to convince irene about how good a new business proposal was, but irene presented some good counter arguments and sta

vfiekz [6]

By questioning the proposal done by Hugh, Irene showed the characteristic of being able to scrutinize properly certain things. This attitude is helpful especially when we are in doubt of the certain subject. By doing so, we can help those who proposed it to further do improvements on the certain subject.

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3 years ago

A corporate CEO wished to relay good news about the prospect of a new technology being created, but was reluctant to do so. Inst

borishaifa [10]

Answer:

Information signaling

Explanation:

Information signalling is defined as the various actions a firm takes that communicates it's financial outlook. For example if a firm releases a dividend policy it communicates the value of the firm's stock.

In this scenario the CEO announced increase in the firm's dividend. This will convey to investors that the company has a competitive advantage which will result in additional income, so dividends are being raised.

It is an indirect way of announcing good news about the prospect of a new technology being created.

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3 years ago

Suppose two types of consumers buy suits. Consumers of type A will pay $100 for a coat and $50 for pants. Consumers of type B wi

n200080 [17]

Answer:

The firm will not sell any bundle, the amount of bundle to be sold will be zero.

Explanation

Solution

Since firm sells at $25 each for coats and pants, then If consumer wants to purchase both Pant and Coat, the customer will have to pay 25 + 25 = $50.

Also, If consumer purchase Pant and Coat as a Bundle then, he will pay 150. From the question stated we can conclude that their is a form of interest to pay for Pant and Coat for Both consumers are higher than 25.

However, they will have to pay an amount less for 1 coat and 1 pant if they buy this in a separate way instead of a Bundle.

We can say, that type of consumers (both) will not buy the pants and coat as a bundle, but will want to buy them separately.

Therefore, any bundle will not be sold by firm. the amount of Bundle sold will be known as a zero Bundle

5 0

3 years ago