What are two factors that need to be taken into account when determining whether a department should
Question:
What are two factors that need to be taken into account when determining whether a department should be maintained or closed down? Give examples to illustrate each factor.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (8 reviews)
The contribution margin of the department needs to be taken into account and compared with the expec...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
Question Posted:
Students also viewed these Business questions
-
The principles of responsibility accounting are just as relevant for the balanced scorecard management system as for an accounting system. Discuss.
-
Barrington Ltd has prepared the following fixed budget performance report: BARRINGTON LTD Fixed Budget Performance Report for the year ended 30 June 2017 Budget Actual Variance Units produced 50 000...
-
You are responsible for managing a large department store. Explain how the section on product mix decisions in this chapter could be relevant to deciding what departments you would include in the...
-
The number of desks in one row is 5d + 2. How many desks are there in a room of 2d - 1 rows if they are arranged in a rectangular arrangement?
-
The 1H NMR spectra of three isomers with molecular formula C7H14O are shown here. Which isomer produces which spectrum? a. b. c. QUESTION CONTINUE TO NEXT PAGE 0 (ppm) frequency 6 (ppm) frequency 8...
-
Tell by what factor and direction the graphs of the given functions are to be stretched or compressed. Give an equation for the stretched or compressed graph. y = 1 - x 3 , compressed horizontally by...
-
True or False: For personal investment decision making, rates of return are used more frequently than present worth.
-
Soto Corporations balance sheet indicates that the company has $300,000 invested in operating assets. During 2011, Soto earned operating income of $45,000 on $600,000 of sales. Required a. Compute...
-
Blossom Corp. obtained a tradename in January 2024, incurring legal costs of $72,720. The company amortizes the tradename over 8 years using the straight-line method. Blossom successfully defended...
-
Scenario: You are an accountant at Rock Castle Construction. Your boss has asked that you create general purpose financial statements from a trial balance that he has created for you. Additionally,...
-
When preparing departmental contribution income statements, all direct expenses are controllable by department managers. Discuss, giving examples.
-
Variable costs represent the flex in the flexible budget and fixed costs really are of no use in such a budget. Discuss.
-
The table gives the number of fatal occupational injuries from transportation incidents. If a fatality from this group is chosen at random, what is the probability that it is (a) A highway fatality?...
-
A requirement for contracts for the sale of goods for $500 or more. a. competent pa rty b. consideration c. divisible c ontract d. entire, or indivisible, contract e. executed c ontract f. executory...
-
Hodge, a 54-year-old employee of a bank, discussed his job and future with Tilley, president of Evans Financial Corporation and his employer. They agreed orally on a number of matters, including job...
-
Study each of the cases below. Indicate whether the contract is executed, executory, or neither, and whether it is valid, voidable, or void, by placing an X in the space provided. Arslantian, a...
-
Webster R. McGee developed a Web site using the domain name of Card Service. Cardservice International, Inc., a separate company, maintained that the term used by McGee was confusingly similar to the...
-
Bell Microproducts, Inc. mailed to McGurn an offer of employment that stated that if McGurn was terminated without cause during the fi rst 12 months of employment, he would receive a severance...
-
The following selected information was taken from the financial statements of one of the world's largest convenience store operators, Montreal-based Alimentation Couche-Tard Inc. (in U.S. $...
-
Show that the block upper triangular matrix A in Example 5 is invertible if and only if both A 11 and A 22 are invertible. Data from in Example 5 EXAMPLE 5 A matrix of the form A = [ A11 A12 0 A22 is...
-
How are restrictions of retained earnings reported?
-
Where can authoritative iGAAP guidance related to stockholders equity are found?
-
Briefly describe some of the similarities and differences between U.S. GAAP and iGAAP with respect to the accounting for stockholders equity.
-
Consider the following information: State Probability ABC Inc.'s Return Boom 0.25 15% Normal 0.50 8% Slowdown 0.15 4% Recession 0.10 -3% i. 11. iii. What is the expected return? What is the variance?...
-
The mythical country of Quitar has just established a policy to give very generous in-kind benefits to the nation's poor, currently defined as those earning less than $10,000 a year. Several years...
-
Question 1 The external loadings imposed on a horizontal beam is shown in Figure Q1(a). The beam is pivoted at Point A. (a) (b) 100 N/m 50 N/m 20 N 40 cm 50 cm Figure Q1 70 cm Apply the principle of...
Study smarter with the SolutionInn App