A responsibility accounting system ensures that
A) generally accepted accounting principles reporting requirements are met.
B) managers will not be held responsible for items they cannot change.
C) 99 percent of businesses utilizing such a system will be profitable.
D) easy correlations between revenues and costs can be drawn.
B
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John Elkington introduced the concept of __________________, arguing that corporate capitalism can become sustainable capitalism.
What will be an ideal response?
District courts are courts of original jurisdiction
a. True b. False
Atlas Corp. is considering two mutually exclusive projects. Both require an initial investment of $11,500 at t = 0. Project S has an expected life of 2 years with after-tax cash inflows of $5,800 and $7,700 at the end of Years 1 and 2, respectively. Project L has an expected life of 4 years with after-tax cash inflows of $4,136 at the end of each of the next 4 years. Each project has a WACC of 9.25%, and Project S can be repeated with no changes in its cash flows. The controller prefers Project S, but the CFO prefers Project L. How much value will the firm gain or lose if Project L is selected over Project S, i.e., what is the value of NPVL - NPVS?
A. $1,064.93 B. $1,199.73 C. $367 D. $1,428.90 E. $1,321.06