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leonid [27]
2 years ago
3

In a responsibility accounting system:

Business
1 answer:
Lelechka [254]2 years ago
8 0

Answer:

Option A                            

Explanation:

A responsibility model in accounting refers to the program that collects and offers administrators details to assess the performance of department heads. In other expressions, this is a framework used to assess how good departments handle expenditures and handles costs.

The responsibility accountability mechanism is built on the notion that agencies should be properly managed as accurately as possible. The director and upper-level  managers should not be responsible for the specific divisions daily activities.

In simple words, The accountability mechanism allows supervisors to manage and assign related costs depending on what they're doing at the moment.

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Lassen Corporation sold a machine to a machine dealer for $24,000. Lassen bought the machine for $52,000 and has claimed $20,500
tangare [24]

Answer:

Gain/loss= $7,500 loss

Explanation:

Giving the following information:

Selling price= $24,000.

Lassen bought the machine for $52,000 and has claimed $20,500 of depreciation expense on the machine

First, we need to calculate the book value:

Book value= original price - accumulated depreciation

Book value= 52,000 - 20,500= $31,500

If the selling price is higher than the book value, the company gain from the sale.

Gain/loss= 24,000 - 31,500= $7,500 loss

8 0
2 years ago
A department store has budgeted sales of 12,800 men's coats in September. Management wants to have 6,800 coats in inventory at t
BigorU [14]

Answer:

Dollar amount of purchases is 1,228,400.

Explanation:

Total purchase of suits is equal to Inventory at the end plus sales minus inventory at the beggining.

  • Inventory at the beggining is 4,800
  • Inventory at the end (management desire) = 6,800
  • Budgeted sales = 12,800
  • Purchase of suits = 6,800 + 12,800 - 4,800 = 14,800

The explanation is if i have 4,800 units at the beggining, and i want to sell 12,800, i will need to purchase the difference (8,000 units). Plus the existence needed at the end, 8,000 + 6,800 = 14,800.

The cost per unit is $83, so the total cost is 14,800 * 83 = 1,228,400.

8 0
2 years ago
Stephanie bought a package of pencils for $1.75 and some erasers that cost $0.25 each. She paid a total of $4.25 for these items
Sonbull [250]

Answer:

the dogs

Explanation:

8 0
2 years ago
Peak & vale accountants provides other firms with accounting services. questions of what is ethical involve the extent to wh
SIZIF [17.4K]
The Peak & Vale Accountants provides or offers other firms and institutions with accounting services. Questions of what is ethical involve the extent to which the Peak & Vale has an ethical duty beyond those duties mandated by the law.



6 0
2 years ago
Raj opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade. In the same two hour
prisoha [69]

Answer:

Accounting profit = $50

Economic profit = $10

Explanation:

Accounting profit = Revenue - Explicit cost

 $60 - $10 = $50

Economic profit = Accounting profit - Opportunity cost

$50 - $40 = $10

I hope my answer helps you

6 0
2 years ago
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