In a responsibility accounting system, the recording of revenue and costs begins with the: a. Most profitable segments of the business.
b. Least profitable segments of the business.
c. Broadest areas of management responsibility.
d. Smallest areas of management responsibility.

The simple interest in a loan of $200 at 10 percent interest per year is

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.