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valina [46]
3 years ago
12

The responsibility report of Keith Parker, the manager of one of the divisions of an auto parts manufacturing company, includes

profits as well as return on investment and residual income. Keith is most likely the manager of a(n) ________
Business
1 answer:
maw [93]3 years ago
7 0

Answer:

Investment Center

Explanation:

The reason is that cost is divided by using behaviors (Variable cost, fixed cost, stepped fixed cost and Semi-variable cost), control (period cost and product cost), responsiblity (cost centre, revenue centre and investment centre), etc.

The benefit of studying costs under the responsibility criteria is that it helps in finding what value the department is generating to company. Cost centres are the cost incurring centres like production, wharehouse, accounting department, internal audit department, etc. The revenue department is more inclined towards increasing the revenue of the company which is the task of selling and distribution department. Likewise the investment department is the broader name of revenue and cost departments because it considers the revenue coming from an business unit and its associated costs are also considered. This responsibility department is the top management of the company who assesses its performance on this basis.

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As assistant to the CFO of Boulder Inc., you must estimate the Year 1 cash flow for a project with the following data. What is t
dybincka [34]

Answer:

answer is a

Explanation:

7 0
3 years ago
The insurer must be able to rely on the statements in the application, and the insured must be able to rely on the insurer to pa
JulsSmile [24]

Answer:

utmost good faith

Explanation:

The utmost good faith refers to the principle in which both the parties are acted honestly i.e it disclosed all the information related to the insurance and does not misguide anything to gain a benefit in term of profit

Therefore in the given case, there is a contract made between the two parties where they trust each other and hope that they treated each one in a honest manner

So this situation represent the utmost good faith

3 0
3 years ago
Ben, a product manager at SunRise Juice Co., is having a hard time choosing the wording for a new ready-made fruit smoothie prod
nikdorinn [45]

Answer:

  • I think Ben should encourage the Senior Management to call a multidisciplynary meeting and do some research.

Explanation:

<em>I think Ben is right</em>. Even though the statement is technically correct, it may mislead customers.

Customers may interpret the phrase "<em>no sugar added</em>" as if the product did not contain any sugar.

Thus, customers interested in drinking beverages without sugar at all might think  they are "safe" consuming the smoothie beverage, when in reallity each <em>smoothie's bottle contains sugar 35 g of naturally occurring sugars from the fruit.</em>

Customers deserve to be certain on what they are buying, thus the labels must be a sincere help for them, and not ambiguos at all.

This is a "gray zone" and an example of what in ethics is called a dilema.

I think the decision should be shared by a wider team and based on some research.

I think Ben should encourage the Senior Management to call a multidisciplynary meeting, where the subject is widely discussed. Also, I would suggest Ben to do some research, look for precedents about labeling  in the industry, and try to learn the opinion of the FDA about this sensitive matter.

6 0
3 years ago
A bond investor buys a municipal bond with a face value of $100,000 and a 3% coupon. The bond matures in one year. The investor
Marat540 [252]

Answer:

3.5%

Explanation:

The formula to calculate total return is: Profit/Original Cost. 100,000 x .03 = $3,000 interest. $3,000 interest + 100,000 principal = 103,000 cash flow. $103,000 - 99,500 = $3,500 gain. $3,500 gain/$99,500 cost = .03518. .03518 = 3.5%

7 0
3 years ago
t is now time for jay to complete his tax return. jay is 28 years old and is in a relationship with sandra, planning to get marr
vagabundo [1.1K]

$2,860.50

Tax liability is the total amount of tax that people and companies owe to the federal, state, and local governments in a specific time frame. Tax liabilities are short-term obligations for firms that are listed on a balance sheet and paid off within a year.

<h3>What is accounting for tax liability?</h3>

The amount of taxes you owe is known as your tax liability. For those who are working, determining their income tax on Form 1040 normally only requires them to examine the year's tax tables.

On a company's balance statement, deferred long-term liability costs are listed with other long-term loans. They are listed on income statements as losses or expenses. Deferred tax obligations are one type of deferred long-term liability charge.

To learn more about accounting for tax liability refer to:

brainly.com/question/6646339

#SPJ4

8 0
1 year ago
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