Answer:
What is meant by parent company?
A parent company is a single company that has a controlling interest in another company or companies. Parent companies are formed when they spin-off or carve out subsidiaries, or through an acquisition or merger.
Explanation:
What Is a Parent Company?
A parent company is a company that has a controlling interest in another company, giving it control of its operations
A responsibility center is any part of the firm whose manager has control over and is accountable for cost, profit or investment decisions of the part of the firm under his control.
What are the different types of responsibility center?
There are three types of responsibility center as listed below:
-Profit center
-Cost center
-Investment center
A cost center's manager is accountable for the profits of the division without been held responsible for its revenue and profits.
A profit center's manager would be accountable for revenue or sales and profit of the center as well as costs, in other words, the manager is expected to make decisions that minimize costs while also maximizing revenues and profits thereon.
Lastly, an investment center's manager would be able to take decisions bordering on costs reduction, revenue and profit maximization including whether or not to invest in new equipment or assets.
Overall, all of the aforementioned are known as responsibility centers, hence, the correct option is responsibility centers.
Read more about responsibility center on:brainly.com/question/24553900
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Answer:
D. 102.2
Explanation:
Using a simultaneous equation
Since the year is constant
We will use the the basis and municipal bond as our variables
So equation 1 = 7x+5y=104
Eqn ii= 6x + 5y= 101
Using eliminating method
X=3
Substitute for x in equation 1 to get the value of y
7(3) + 5y=104
5y=104-21
Y=16.6
To get the price for the percent of 6.40 at 5% basis substitute for the value of X and Y respectively in the both equation
6.4x+5y=?
6.4(3) + 5(16.6)=
19.2+83=102.2
