Identify which responsibility center would best describe the following: The production line of American Apparel, where...
Identify which responsibility center would best describe the following:
The production line of American Apparel, where clothing is manufactured.
A.
Revenue Center
B.
Cost Center
C.
Profit Center
D.
Investment Center
The subscription sales department of the New York Times.
A.
Revenue Center
B.
Cost Center
C.
Profit Center
D.
Investment Center
The corporate division of Disney, Inc. responsible for revenues, costs, and managing its division's assets.
A.
Revenue Center
B.
Cost Center
C.
Profit Center
D.
Investment Center
A Target store, which is part of the national store brand, and reports its own revenues and costs.
A.
Revenue Center
B.
Cost Center
C.
Profit Center
D.
Investment Center
Homework Answers
(1) B. cost centre
(2) A. Revenue Centre
(3) D. Investment center
(4) C. Profit center
Add Answer to:
Identify which responsibility center would best describe the
following:
The production line of American Apparel, where...
Each of the following situations describes an organizational unit. Identify which type of responsibility center each...
Each of the following situations describes an organizational unit. Identify which type of responsibility center each underlined item is (cost, revenue, profit, or investment Center Organization Type of Responsibility Center (Cost, Revenue, Profit, or Investment) Revenue a. Sherwin-Willams Store 1933 is located in Copley, Ohio. The store sells paints, wallpapers, and supplies to do-it-yourself customers and to professional wall covering installers. b. The Accounting Research and Compliance Department at FirstEnergy is responsible for researching how new accounting pronouncements and rules...
Which of the following is correct regarding responsibility centers? A. Traceable costs, as used in a...
Which of the following is correct regarding responsibility centers? A. Traceable costs, as used in a responsibility accounting system, only consists of variable costs. B. Common fixed costs should be allocated to a segment and used to evaluate the segment’s performance. C. Cost centers, profit centers, and investment centers are all considered responsibility centers. D. Responsibility centers are primarily utilized in companies with centralized operations. E. If a manager is held responsible for generating revenue, controlling costs, and efficiently investing...
a profit center is wrong， so which is right answer？ A responsibility center in which the...
a profit center is wrong， so which is right answer？
A responsibility center in which the department manager is responsible for costs, revenues, and assets for a department is called: O a profit center Oa cost center Oan operating center Oan investment center
Support department costs are normally accounted for as which of the following responsibility center classifications? a....
Support department costs are normally accounted for as which of the following responsibility center classifications? a. profit center b. cost center c. revenue center d. investment center
The responsibility center in which the manager has responsibility and authority over revenues and costs, but...
The responsibility center in which the manager has responsibility and authority over revenues and costs, but not assets, is the Multiple Choice revenue center investment center, profit center. cost center The minimum required rate of return for a project is the: Multiple Choice Ο accounting rate of return. Ο hurdle rate. Ο annual rate of return. Ο internal rate of return.
Decentralization divides company operations into various reporting units. Most decentralized subunits can be described as one...
Decentralization divides company operations into various reporting units. Most decentralized subunits can be described as one of four different types of responsibility centers. Requirements 1. Explain why companies decentralize. Describe some typical methods of decentralization. 2. List the four most common types of responsibility centers, and describe their responsibilities. Requirement 1. Explain why companies decentralize. Describe some typical methods of decentralization. Companies usually decentralize when they to manage the entire organization's daily operations. Decentralization is often based on: become too...
Fill in the blanks with the phrase that best completes the sentence. Some phrases may be...
Fill in the blanks with the phrase that best completes the sentence. Some phrases may be used more than once and some not at all Phrases: revenue center lower cost center investment center profit center responsibility center higher The maintenance department at the local zoo is a(n) 2. The concession stand at the local zoo is a(n) The menswear department of a department store, which is responsible for buying and selling merchandise, is an) 4. The production line at a...
please answer all 4 multiple choice questions A responsibility center in which a manager is responsible...
please answer all 4 multiple choice questions
A responsibility center in which a manager is responsible for revenues, cost, and investment is an) cost center. revenue center profit center. investment center None of these. If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio (assuming a 365 day year)? 7.14 times 8.69 times 4.52 times None of these When 10,000 units are produced, variable costs are $6 per unit. Therefore, when 20,000 units are produced:...
Problem 4 . Part A: Label each center described below according to what type of responsibility...
Problem 4 . Part A: Label each center described below according to what type of responsibility center it is. (In other words, is it a cost, revenue, profit, or investment center?) _____________________________ UNM’s Human Resources Department _____________________________ The Albuquerque REI store _____________________________ A Hotel’s Reservation/Sales Division _____________________________ Samsung’s Quality Control Department _____________________________ Monroe’s Catering Division _____________________________ Panera’s Food Sourcing/Procurement Division Part B: Label each of the following as one of the four Balance Scorecard perspectives (i.e., Learning & Growth, Internal...
QUESTION 29 A company is analyzing the performance of responsibility centers. Controllable costs would be included...
QUESTION 29 A company is analyzing the performance of responsibility centers. Controllable costs would be included in the performance reports of which of the following types of responsibility centers? Profit Centers No Yes Yes No Investment centers No A) B) C) D) Yes Yes A) ОВ) o C) o D) QUESTION 30 Profit center managers are often evaluated using return on investment (ROl) or residual income measures. O True False QUESTION 31 An opportunity cost is the potential benefit that...
Each of the following situations describes an organizational unit. Identify which type of responsibility center each underlined item is (cost, revenue, profit, or investment Center Organization Type of Responsibility Center (Cost, Revenue, Profit, or Investment) Revenue a. Sherwin-Willams Store 1933 is located in Copley, Ohio. The store sells paints, wallpapers, and supplies to do-it-yourself customers and to professional wall covering installers. b. The Accounting Research and Compliance Department at FirstEnergy is responsible for researching how new accounting pronouncements and rules...
a profit center is wrong， so which is right answer？
A responsibility center in which the department manager is responsible for costs, revenues, and assets for a department is called: O a profit center Oa cost center Oan operating center Oan investment center
The responsibility center in which the manager has responsibility and authority over revenues and costs, but not assets, is the Multiple Choice revenue center investment center, profit center. cost center The minimum required rate of return for a project is the: Multiple Choice Ο accounting rate of return. Ο hurdle rate. Ο annual rate of return. Ο internal rate of return.
Decentralization divides company operations into various reporting units. Most decentralized subunits can be described as one of four different types of responsibility centers. Requirements 1. Explain why companies decentralize. Describe some typical methods of decentralization. 2. List the four most common types of responsibility centers, and describe their responsibilities. Requirement 1. Explain why companies decentralize. Describe some typical methods of decentralization. Companies usually decentralize when they to manage the entire organization's daily operations. Decentralization is often based on: become too...
Fill in the blanks with the phrase that best completes the sentence. Some phrases may be used more than once and some not at all Phrases: revenue center lower cost center investment center profit center responsibility center higher The maintenance department at the local zoo is a(n) 2. The concession stand at the local zoo is a(n) The menswear department of a department store, which is responsible for buying and selling merchandise, is an) 4. The production line at a...
please answer all 4 multiple choice questions
A responsibility center in which a manager is responsible for revenues, cost, and investment is an) cost center. revenue center profit center. investment center None of these. If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio (assuming a 365 day year)? 7.14 times 8.69 times 4.52 times None of these When 10,000 units are produced, variable costs are $6 per unit. Therefore, when 20,000 units are produced:...
QUESTION 29 A company is analyzing the performance of responsibility centers. Controllable costs would be included in the performance reports of which of the following types of responsibility centers? Profit Centers No Yes Yes No Investment centers No A) B) C) D) Yes Yes A) ОВ) o C) o D) QUESTION 30 Profit center managers are often evaluated using return on investment (ROl) or residual income measures. O True False QUESTION 31 An opportunity cost is the potential benefit that...
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