Criticize the following statement: In our business, we maximize profits by closing any department that does not

Question:

Criticize the following statement: “In our business, we maximize profits by closing any department that does not show a responsibility margin ratio of at least 15 percent.”

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

See More Books

Question Posted: Apr 17, 2014 11:04 AM

See More Questions

Sunshine Enterprises included the following statement in its 2012 financial report: Required(a) Convert each of the accrual-basis income statement accounts to a cash basis. Would you classify this...
Consider the following statement in predicate calculus: empty_class(C) X[takes(X; C)] (a) Translate this statement to clausal form. (b) Can you translate the statement into Prolog? Does it make a...
2. Experiment: Randomly select the heights of at least 15 of the students in your class. a. Develop a control chart and plot the heights on the chart. b. Which chart should you use? c. Is this...
In Problems 1158, perform the indicated operation, and write each expression in the standard form a + bi. 6i 3 - 4i 5
Graph each inequality in Problem y < 5
What is standard costing and how would you distinguish it from budgetary control?
Suppose $V=V(S)$. Find the most general solution of the Black-Scholes equation.
Recent research suggests that the amount of time that parents spend talking about numbers can have a big effect on the mathematical development of their children (Levine, Suriyakham, Rowe,...
2) At the post office, Tiffany paid $11.04 for 24 stamps. At this rate, how much would it cost for Tiffany to buy 18 stamps? 3) At a factory, there are 40 new cars produced every 8 hours. How many...
After looking at the projections of the HomeNet project, you decide that they are not realistic. It is unlikely that sales will be constant over the four-year life of the project. Furthermore, other...
Distinguish between traceable and common fixed costs. Give an example of each type of fixed cost for an auto dealership with a sales department and a service department.
What is the relationship between contribution margin and responsibility margin? Explain how each of these measurements is useful in making management decisions.
Provide examples of externalities that arose during the Covid-19 pandemic.
Define fair market value and its significance in the context of clinical trial payments.
What is a raincheck at the grocery store? Explain.
How does a financial statement auditor help reduce information risk, and make financial statements more trustworthy and reliable?
SMI Corp purchased a basket of assets including land, buildings and machinery for a lump sum of $30,000,000. If SMI wants to allocate the purchase cost to the assets in a manner that will minimize...
what is the expected pre-tax profit for this year, after deducting salary and overhead?
Prove that, if I is the intensity of light transmitted by two polarizing filters with axes at an angle and I' is the intensity when the axes are at an angle 90.0 - , then I + I = I 0 , the original...
Why is the national security argument for tariffs questionable?
Obtain a loan application from the local bank and categorize each question in terms of which of the five Cs it is attempting to assess.
Slippery Slope, Inc., is a downhill ski area in northern New England. In an attempt to attract more ski enthusiasts, Slippery Slopes management recently engaged in an aggressive preseason advertising...
Slippery Slope, Inc., is a downhill ski area in northern New England. In an attempt to attract more ski enthusiasts, Slippery Slopes management recently engaged in an aggressive preseason advertising...
Explain briefly the items generally included in a companys annual report. (You may use the financial statements appearing in Appendix A to support your answer.)
Assume that the Incentive Pool in Halifax Hospital only included revenues with respect to the professional component of the oncology services. Would the court have reached a different conclusion?...
Bob is a sales clerk at a retail clothes store. When he locks the store for the evening at closing time, he is unaware that a customer is in the change room. The customer is unable to call anyone and...
Discuss your experience of learning about your classmates and how it impacted your understanding of people from other backgrounds. In your second post, reflect on what you learned in this course and...

Criticize the following statement: In our business, we maximize profits by closing any department that does not

Question:

Step by Step Answer:

This statement is not a logical criterion for closing departments First a business unit that ha...View the full answer

Financial and Managerial Accounting the basis for business decisions

Students also viewed these Managerial Accounting questions