Describe the term responsibility accounting.

Question

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Answer 1

Question

Chapter 8, Problem 15P

a.

1.

To determine

Describe the term responsibility accounting.

2.

To determine

Describe the benefits that accrue to a company using responsibility accounting.

3.

To determine

Describe the benefit of responsibility accounting to the managers.

b.

1.

To determine

Describe the features of the budget presentation which can make the budget look attractive to the mangers.

2.

To determine

Describe some recommendations to improve the presented budget.

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BlueTech Corporation's balance sheet reports Assets of $8,400, Contributed Capital of $4,500, and Retained Earnings of $600. What is the total amount of liabilities on the balance sheet? a. $12,900 b. $3,300 c. $3,600 d. $8,100 e. None of the above

Answer 2

Question

Chapter 8, Problem 15P

a.

1.

To determine

Describe the term responsibility accounting.

2.

To determine

Describe the benefits that accrue to a company using responsibility accounting.

3.

To determine

Describe the benefit of responsibility accounting to the managers.

b.

1.

To determine

Describe the features of the budget presentation which can make the budget look attractive to the mangers.

2.

To determine

Describe some recommendations to improve the presented budget.

Expert Solution & Answer

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Answer 3

Question

Chapter 8, Problem 15P

a.

1.

To determine

Describe the term responsibility accounting.

2.

To determine

Describe the benefits that accrue to a company using responsibility accounting.

3.

To determine

Describe the benefit of responsibility accounting to the managers.

b.

1.

To determine

Describe the features of the budget presentation which can make the budget look attractive to the mangers.

2.

To determine

Describe some recommendations to improve the presented budget.

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Answer 4

Question

Chapter 8, Problem 15P

a.

1.

To determine

Describe the term responsibility accounting.

2.

To determine

Describe the benefits that accrue to a company using responsibility accounting.

3.

To determine

Describe the benefit of responsibility accounting to the managers.

b.

1.

To determine

Describe the features of the budget presentation which can make the budget look attractive to the mangers.

2.

To determine

Describe some recommendations to improve the presented budget.

Expert Solution & Answer

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Answer 5

Chapter 8, Problem 15P

a.

1.

To determine

Describe the term responsibility accounting.

2.

To determine

Describe the benefits that accrue to a company using responsibility accounting.

3.

To determine

Describe the benefit of responsibility accounting to the managers.

b.

1.

To determine

Describe the features of the budget presentation which can make the budget look attractive to the mangers.

2.

To determine

Describe some recommendations to improve the presented budget.

Answer 6

Chapter 8, Problem 15P

a.

1.

To determine

Describe the term responsibility accounting.

Answer 7

Chapter 8, Problem 15P

a.

1.

To determine

Describe the term responsibility accounting.

Answer 8

2.

To determine

Describe the benefits that accrue to a company using responsibility accounting.

Answer 9

2.

To determine

Describe the benefits that accrue to a company using responsibility accounting.

Answer 10

3.

To determine

Describe the benefit of responsibility accounting to the managers.

Answer 11

3.

To determine

Describe the benefit of responsibility accounting to the managers.

Answer 12

b.

1.

To determine

Describe the features of the budget presentation which can make the budget look attractive to the mangers.

Answer 13

b.

1.

To determine

Describe the features of the budget presentation which can make the budget look attractive to the mangers.

Answer 14

2.

To determine

Describe some recommendations to improve the presented budget.

Answer 15

2.

To determine

Describe some recommendations to improve the presented budget.

Answer 16

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Answer 17

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Answer 18

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Answer 19

Ch. 8 - What information is contained in a journal...Ch. 8 - How are journal vouchers used as a control...Ch. 8 - Prob. 3RQ Ch. 8 - Prob. 4RQ Ch. 8 - What is the purpose of a responsibility center...Ch. 8 - Prob. 6RQ Ch. 8 - Name, in order, the 11 steps of the financial...Ch. 8 - Prob. 8RQ Ch. 8 - When are adjusting entries made, and what is their...Ch. 8 - Prob. 10RQ

Describe the term responsibility accounting.

Solution Summary: The author describes responsibility accounting as a concept that states that any economic event that happens in an organization is the responsibility of the managers assigned with the specific department.

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Describe the term responsibility accounting.

Describe the benefits that accrue to a company using responsibility accounting.

Describe the benefit of responsibility accounting to the managers.

Describe the features of the budget presentation which can make the budget look attractive to the mangers.

Describe some recommendations to improve the presented budget.

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Chapter 8 Solutions