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musickatia [10]
2 years ago
7

What is responsibility accounting perspective?

Business
2 answers:
aalyn [17]2 years ago
3 0

Answer:

Responsibility accounting involves the separate reporting of revenues and expenses for each responsibility center in a business. Doing so improves the management of operations.

wariber [46]2 years ago
3 0

Answer:

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  • The term responsibility accounting refers to an accounting system that collects, summarizes, and reports accounting data relating to the responsibilities of individual managers.

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Mark and Kate are establishing a fund for their son's college education. They would like $60,000 in the fund at the end of 10 ye
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Answer:

The lump sum amount to be deposited should be $27,020.67

Explanation:

Data provided in the question:

Future value = $60,000

Time, t = 10 years

Interest rate, r = 8% = 0.08

Compounded monthly i.e number of periods n = 12

Now,

Future value = Amount deposited ×  \left( 1 + \frac{r}{n} \right)^{\Large{n \times t}}

Therefore,

on substituting the respective values, we get

$60,000 = Amount deposited ×  \left( 1 + \frac{0.08}{12} \right)^{\Large{12 \times 10}}

or

$60,000 = Amount deposited × ( 1.00667 )¹²⁰

or

$60,000 = Amount deposited × 2.220522

or

Amount deposited = $60,000 ÷ 2.220522

or

Amount deposited = $27,020.67

Hence,

The lump sum amount to be deposited should be $27,020.67

7 0
2 years ago
If there are two lawyers with similar experience and fees, you should make a decision by _____.
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Answer:

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Answer:

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