a profit center is wrong， so which is right answer？Homework Answers
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a profit center is wrong， so which is right answer？
A responsibility center in which the...
QUESTION 19 The basic objective of responsibility accounting is to charge each manager with those costs...
QUESTION 19 The basic objective of responsibility accounting is to charge each manager with those costs and/or revenues over which he has control O True O False QUESTION 20 A segment of a business responsible for both revenues and expenses would be called: 1. a cost center. 2. an investment center. 3. a profit center. 4. an incentive center. QUESTION 21 An profit center is a business segment whose manager has control over costs, revenues, and investments in operating assets....
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...
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.
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:...
UUTINI ate.. QUESTION 16 A responsibility center in which the authority over and responsibility for costs...
UUTINI ate.. QUESTION 16 A responsibility center in which the authority over and responsibility for costs and revenues is vested in the department manager is termed a profit center. True False QUESTION 17 The minimum amount of desired divisional income from operations is set by top management by establishing a minimum rate of return considered acceptable for invested assets. True False QUESTION 18 Service department charges are similar to the expenses of a profit center that purchased services from a...
Which responsibility centers generate both revenues and costs? Question 20 options: Investment and profit centers Profit...
Which responsibility centers generate both revenues and costs? Question 20 options: Investment and profit centers Profit and cost centers Cost and investment centers Only profit centers A profit center is Question 21 options: a responsibility center that always reports a profit. a responsibility center that incurs costs and generates revenues. evaluated by the rate of return earned on the investment allocated to the center. referred to as a loss center when operations do not meet the company's objectives.
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...
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
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...
14. A res and authority over costs and revenues is called a(n) a. profit center b....
14. A res and authority over costs and revenues is called a(n) a. profit center b. investment center ponsibility center in which the department manager has responsibility for volume center cost center that represent levels of operation that can be attained with reasonable effort are called a. theoretical standards b. ideal standards variable standards normal standards d. If at the end of the fiscal year, the variances from standard are significant, the variances should be transferred to the 16. work...
QUESTION 19 The basic objective of responsibility accounting is to charge each manager with those costs and/or revenues over which he has control O True O False QUESTION 20 A segment of a business responsible for both revenues and expenses would be called: 1. a cost center. 2. an investment center. 3. a profit center. 4. an incentive center. QUESTION 21 An profit center is a business segment whose manager has control over costs, revenues, and investments in operating assets....
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.
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:...
UUTINI ate.. QUESTION 16 A responsibility center in which the authority over and responsibility for costs and revenues is vested in the department manager is termed a profit center. True False QUESTION 17 The minimum amount of desired divisional income from operations is set by top management by establishing a minimum rate of return considered acceptable for invested assets. True False QUESTION 18 Service department charges are similar to the expenses of a profit center that purchased services from a...
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...
14. A res and authority over costs and revenues is called a(n) a. profit center b. investment center ponsibility center in which the department manager has responsibility for volume center cost center that represent levels of operation that can be attained with reasonable effort are called a. theoretical standards b. ideal standards variable standards normal standards d. If at the end of the fiscal year, the variances from standard are significant, the variances should be transferred to the 16. work...
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