Which of the following statements is true? a. A profit center manager is responsible for investing company

Question:

Which of the following statements is true?

a. A profit center manager is responsible for investing company assets.

b. A cost center manager should be evaluated based on sales revenue.

c. A profit center manager should be evaluated based on return on investment.

d. An investment center manager is responsible for costs, revenue, and the investment of assets.

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

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

See More Books

Question Posted: May 16, 2024 02:01 AM

See More Questions

Read the case study below and answer ALL the questions that follow. Recruitment and selection at Enterprise Rent-A-Car Introduction Enterprise Rent-A-Car (Enterprise) was founded by Jack Taylor in...
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
Draw a plausible mechanism for each of the following transformations: (a) (b) [TSOH] MENH2 -H20
What is the difference between an F+ and an Hfr strain? Which type of strain do you expect to transfer many bacterial genes to recipient cells?
Let $\boldsymbol{A}$ and $\boldsymbol{B}$ be events with $P\{\boldsymbol{A}\}=1 / 2, P\{\boldsymbol{B}\}=1 / 3$, and $P\{\boldsymbol{A} \cap \boldsymbol{B}\}=$ $1 / 4$. Find (a)...
K-98.1 Radio is preparing its December 31 financial statements for the current year. On October 30, Parker Discount Stores paid $1,500.00 to K-98.1 Radio for advertising. The advertising contract...
TPo1 Company borrowed $300,000 on January 1, 2010, by issuing a $300,000, 8% mortgage note payable. The terms call for semiannual installment payments of $20,000 on June 30 and December 31....
1. An agricultural lot was sold at P500 per square meter. When it was developed into a residential lot, the price skyrocketed to P5,000 per square meter. a. How much is the mark up? b. What is the...
Which of the following is most likely to be classified as a cost center manager? a. Accounting manager. b. Sales manager. c. Regional manager. d. All of these are cost center managers.
Sally Thorne is a profit center manager for ABC Companys Phoenix district. Last year, her performance evaluation was based on the operating performance of ABCs entire Southwest region. This is a...
Mount Snow operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. Investors would like to earn a 17% return on the companys $ 115 million of...
The Company provides interpretation services to many public sectors, including police, hospitals, schools, provincial workers' compensation boards, and the social services department of the federal...
Money borrowed today is to be paid in 6 equal payments at the end of 6 quarters with an interest rate of 12% compounded annually. How much was the initial borrowed money if quarter payment is 2,000.
Sedona Company set the following standard costs for one unit of its product for this year. Direct material (30 pounds @ $2.50 per pound) Direct labor (20 hours @ $4.60 per DLH) Variable overhead (20...
SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the...
Discuss the factors that favor personal selling rather than advertising. ?
Differences in surface water and deep water temperature can be utilized for power generation. It is proposed to construct a cyclic heat engine that will operate near Hawaii, where the ocean...
In Exercises, find the equation of the tangent line at the given point on each curve. 2y 2 - x = 4; (16, 2)
Netgear C3700 wireless router / cable modem - $109.99 - This all-in-one wireless router has many good features like auto-sensing, DOS Attack prevention, IPv6 support, on/off switches, supports 2.4 &...
To have a smooth and efficient global network connectivity in your organization, you are Using IPAM, DNS and DHCP Servers in Your office. Answer the following questions regarding your network...
In Europe, engine insurance payments have generally been higher for men than for ladies, a training that the protection business endeavors to legitimize based on various degrees of hazard. The EU has...

Which of the following statements is true? a. A profit center manager is responsible for investing company

Question:

Step by Step Answer:

d An investment ce...View the full answer

Managerial Accounting

Students also viewed these Business questions