List the events that lead to the packard commission

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1. List the events that lead to the Packard Commission. Explain why it was needed and how it changed the way of government accounting.

2. In detail explain how the packard commission has influenced the US. Use 3 specific examples.

3. What are variable costs? How are they broken down? • Explain the concept of payback period. • Discuss the concept of fixed costs. How are they different from variable costs? • Give three reasons to keep good records every day.

Reference no: EM132255631

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