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3 years ago

In responsibility accounting, unit managers are evaluated only on things that they can:________

Business

2 answers:

hammer [34]3 years ago

7 0

Answer: have control over

Explanation:

Responsibility accounting is a system of accounting whereby responsibility centers are identified and the performance reports of such responsibility centers are prepared and analysed.

Responsibility accounting has to.do with the internal accounting for the responsibility center that the company has and their budgeting.

In responsibility accounting, unit managers are evaluated only on things that they can control or have control over.

tigry1 [53]3 years ago

7 0

Answer:

unit managers are evaluated only on costs they have control over

Explanation:

In responsibility accounting, one can simply see a system of control in which responsibility is assigned, just for the control of costs. People are made responsible for the control of these costs and the right authority is usually being given to them to enable them keep up their performance as expected.

in any case, the performance deviates from the predetermined standards, then the persons who are asked to perform the duties shall be made responsible for it.

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The following information relates to the pension plan for the employees of Turner Co.: 1/1/20 12/31/20 12/31/21 Projected benefi

Reptile [31]

Answer:

The amount of AOCI (net gain) amortized in 2021 is $26,250

Explanation:

In order to calculate the calculate the amount of AOCI (net gain) amortized in 2021 we would have to use the following formula:

amount of AOCI (net gain) amortized in 2021=(AOCI net gain 12/31/20-Corridor amount for 2021)/Average remaining service life

AOCI net gain 12/31/20=$1,512,000

Corridor amount for 2021=$1,092,000=10,920,000*10%

Average remaining service life=16

Therefore, AOCI (net gain) amortized in 2021=($1,512,000-$1,092,000)/16

AOCI (net gain) amortized in 2021=$26,250

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3 years ago

During lunch, the director of the Streets and Parkways Department of City made the following comment: “For the past 10 years, I

Usimov [2.4K]

The behavior is unethical as the overstatement in the figures is wrong.

<h3>What is an ethical behavior?</h3>

Honesty, fairness, and equity in interpersonal, professional, and academic relationships, as well as research and scholarly activities, are characteristics of ethical behavior. Individuals and groups of people's dignity, diversity, and rights are all respected in ethical behavior.

Obedience to company rules, effective communication, taking responsibility, accountability, professionalism, trust, and mutual respect for coworkers.

In this case, for the past 10 years, the director deliberately overstated the labor and equipment needs by 20 percent when preparing the budget request. This is unethical.

In order to cut down the padding, there should be a final review on the budget before it's submitted for approval.

Learn more about ethics on:

brainly.com/question/13969108

#SPJ1

6 0

1 year ago

Suppose Turing Inc. creates the first ever solar powered cell phone battery, absorbs ambient light and converts it into electric

horsena [70]

Answer:

This is an example of technology spillover and positive externalities.

Explanation:

Technology Spillover: The advantageous outcomes of new technological expertise on the productivity and creative capacity of other firms and nations are summoned as technology spillover.

Positive Externalities: When the consumption of goods and services leads to the benefits of other people, the term is known as positive externalities. If I become an educationist (assuming education as a good), it will help me to receive the private benefit. Besides the individual interest, I can help others to educate people.

Therefore, when Turning Inc. creates the first solar-powered cell phone battery, and it lasts up to 10 hours, it produces spillover technology.

When another company encourages to formulate technology with more lasting power, it creates a benefit for the other people as well as the technology spillover.

6 0

3 years ago

Which of these results in a lower net income?

kozerog [31]

I think the correct answer from the choices listed above is the third option. It is the withholdings that result in a lower net income. <span>A </span>withholding<span> tax, also called a retention tax, is a government requirement for the payer of an item of income to </span>withhold<span> or deduct tax from the payment, and pay that tax to the government. </span>

7 0

3 years ago

Read 2 more answers

NewTech purchases computer equipment for $267,000 to use in operating activities for the next four years. It estimates the equip

nordsb [41]

Answer:

Explanation:

Giving the following information:

NewTech purchases computer equipment for $267,000 to use in operating activities for the next four years. It estimates the equipment’s salvage value at $25,000.

Depreciable value= 267,000 - 25,000= 242,000

Year 1:

Beginning book value= 267,000

Depreciation= (267,000/4)*2= 133,500

Ending book value= 133,500

Year 2:

Beginning book value= 133,500

Depreciation= (133,500/4)*2= 66,750

Ending book value= 66,750

Year 3:

Beginning book value= 66,750

Depreciation= (66,750/4)*2= 33,375

Ending book value= 33,375

Year 4:

Beginning book value= 33,375

Depreciation= (33,375/4)*2= 16,688

Ending book value= 16,688

3 0

3 years ago