Financial intermediaries

Upper-level management uses responsibility accounting ______ to evaluate the effectiveness of lower-level managers in controllin

Paha777 [63]

Upper-level management uses responsibility accounting <u>performance reports</u> to evaluate the effectiveness of lower-level managers in controlling costs and expenses and keeping within budgeted amounts.

A performance report is a file that a corporation creates to outline and degree its basic success. It presents an outline of ways the commercial enterprise is performing. To do that, overall performance reports in particular collects particular work performance information, analyze it, and offer guidelines to assist in making selections.

A performance report should compare results with regards to earlier years' consequences in order to reveal whether or not overall performance is strong, improving, or declining. To higher contextualize the performance facts with regards to ancient performance and objectives or dreams that might have been set.

Management is the administration of an organization, whether it's for an enterprise, a non-earnings organization, or a central authority body. it is the art and technological know-how of dealing with assets of the commercial enterprise.

Learn more about Management here brainly.com/question/25885810

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7 0

2 years ago

Assume that the Accumulated Depreciation account has an unadjusted normal balance of $120,000. The company's list of adjusting e

tamaranim1 [39]

Answer:

$140,000

Explanation:

The computation of adjusted balance in the Accumulated Depreciation account is shown below:-

adjusted balance in the Accumulated Depreciation account = unadjusted normal balance + Credit Accumulated Depreciation account

= $120,000 + $20,000

= $140,000

Hence the adjusted balance in the Accumulated Depreciation account is $140,000.

5 0

3 years ago

Fiscal policy proponents see fiscal as a superior strategy for market corrections.

Arada [10]

Answer: True

Explanation:

Fiscal policy refers to the government suing taxation and spending policies to influence the economy of a country. If the government wants to improve production, they reduce taxes and increase spending and if they want to reduce production, they increase taxes and reduce spending.

Fiscal policy proponents believe that the government is right to use fiscal policy to correct the market because its effect is more direct. John Maynard Keynes was one of the most famous proponent for Fiscal policy.

6 0

4 years ago

You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of .6 percent per year, co

kolezko [41]

Answer:

Total interest paid = $606.63

Explanation:

First calculate the monthly payment for first six months

Monthly interest for first 6 months =.006/12=.0005

= 6500*(1.0005)^6

=6519.52

Interest rate for next six months

=17.37%/12=1.45%

(1.0145)^6=1.090054

=6519.52*(1+.0145)^6

=7106.63

Total interest paid = 7106.63-6500

Total interest paid = 606.63

7 0

3 years ago

ASC 480-10 provides guidance on determining whether (1) certain financial instruments with both debt-like and equity-like charac

Aliun [14]

Answer:

. Redeemable shares.

• Redeemable noncontrolling interests.

• Forward contracts to repurchase own shares.

• Forward contracts to sell redeemable shares.

• Written put options on own stock.

• Warrants (and written call options) on redeemable equity shares.

• Warrants on shares with deemed liquidation provisions.

• Puttable warrants on own stock.

• Equity collars.

• Share-settled debt (this term is used to describe a share-settled obligation that is not in the legal form of debt but has the same economic payoff profile as debt).

• Preferred shares that are mandatorily convertible into a variable number of common shares.

• Unsettled treasury stock transactions.

• Accelerated share repurchase programs.

• Hybrid equity units.

Explanation:

ASC 480-10 is used when an issuer, in the declaration of its financial position, has to categorize some financial instruments that share the characteristics of liabilities and equities. The issuer always classifies legal-form debt as liability and this makes it not applicable under the ASC 480-10.

Under the ASC 480-10, three types of financial instruments are meant to be classified and they include;

1. Mandatorily redeemable financial instruments

2. Obligations to repurchase the entity’s equity shares by transferring assets, and

3.Certain obligations to issue a variable number of equity shares

6 0

3 years ago