Elmhurst corporation is considering changes to its responsibility accounting system. which of the following statements is/are correct for a responsibility accounting system? i. in a cost center, managers are responsible for controlling costs but not revenue. ii. the idea behind responsibility accounting is that a manager should be held responsible for those items that the manager can control to a significant extent. iii. to be effective, a good responsibility accounting system must managers to plan and to control. iv. costs that are allocated to a responsibility center are normally controllable by the responsibility center manager. 1. ii and iii only are correct 2. i, ii, and iii are correct 3. i and ii only are correct 4. i, ii and iv are correct

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains.the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available.two-thirds of the work related to $15,000 of cash received in advance was performed this period.the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired.wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.

Afood worker has just rinsed a dish after cleaning it.what should he do next?