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lubasha [3.4K]
3 years ago
5

What is the benefit of the responsibility accounting system?

Business
1 answer:
Katena32 [7]3 years ago
3 0
Responsibility accounting is a system of which the persons in the supervisory capacity such as the President, Departmental head, foremen ect. are given a routine report showing the performance of the company, department, or section as the case may be.

The report will show the data relating to the operational results of the area and the items of which he is responsible for controlling.


Hope it helps!
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The balance in accounts receivable at the beginning of 2021 was $690. During 2021, $3,200 of credit sales were recorded. If the
jarptica [38.1K]

Answer:

$3,620

Explanation:

Accounts receivable at the beginning + recorded credit sales -accounts receivable written off -ending balance accounts receivable.

Therefore:

$690+$3,200-$100-$170 =$3,620

4 0
3 years ago
Having just finalized its new tablet design, Epic Electronics's marketing team plans to begin a rollout with ________ to only on
wlad13 [49]

Answer:

Exclusive distribution; Selective distribution; Intensive distribution

Explanation:

Exclusive distribution refers to the phenomenon where only certain retailers are given the opportunity to carry the product in their retailer shops. For example as in the above case, only one store is exclusively chosen.

Selective distribution is that retailers are carefully selected to engage in the product of selling. For example only a few stores are engaged with in the above question.

Intensive distribution is when all kind of retailers are given the opportunity to keep the products in their shops. For example the last phase described in the question where all sorts of retailers are engaged in selling activity.

4 0
4 years ago
What type of business has the LOWEST number of businesses?
Greeley [361]

Answer:

partnership

i think the is the answer

7 0
3 years ago
In what ways can the following activities be seen as projects? In what ways do they resemble ongoing, routine business activitie
Nonamiya [84]

Answer: The answer is given below

Explanation:

A. Reading the chapter before attending a university lecture.

This resembles a project because it has an objective as we are informed that they are reading the chapter before going for lectures. It is also an ongoing business routine because the chapters have to be read before the lectures so as to be prepared.

B. Taking the bus to work each day.

For B, it can also be said to

be project as there is a beginning and also an ending. B could is a routine activity because it is done daily, and also it is vital for one to get to work everyday.

C. Piloting an aircraft between Vancouver and Fiji.

For C, it can also be said to

be project as there is a beginning and also an ending. Also, C could is a project because it has a specific objective as Vancouver and Fiji csn both be considered to be specific locations, thereby making this flight a specific objective. The piloting activity here is routine and is also done daily.

D. Teaching a course for the first time; teaching the same course every semester.

It is a project because it is a situation with a definite beginning and also has an end. Teaching the same course for every semester would be routine because it becomes an ongoing cycle, amd therefore the same task will be repeated.

5 0
3 years ago
When you undertook the preparation of the financial statements for Telfer Company at January 31, 2018, the following data were a
Oksi-84 [34.3K]

Answer:

Explanation:

Cost Retail - - - - - - - - - - At Cost - - - -At Retail

Inventory(1/2/17)--------   70,800 - - - - 98,500

Purchases - - - - - - - - - 219,500 - - - -294,000

Less:Purchases  returns 4,300 - - - - 5500

Add: NetMarkup - - - - - - - - - - - - - - - 53000

Total - - - - - - - - - - - - 286,000-------- 440,000

Cost-to-retail percentage = 286000/440000

Cost-to-retail percentage = 65%

Markups 63,000.00

Markdown cancellations 20,000.00

Markup cancellations 10,000.00

Purchases 219,500.00 294,000.00

Sales revenue 335,000.00

8 0
3 years ago
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