Question: When do organizations use profit centers?

When do organizations use profit centers?

Step by Step Solution

★★★★★

3.58 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Organ izations use profit centers when they want to track how much revenue and ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Management Accounting Questions!

Q:

1. When do organizations use profit centers? 2. What is an investment center?

Q:

Organizations sometimes locate their computer centers in the basement of their buildings to avoid normal traffic flows. Comment on this practice.

Q:

do you agree that organizations are working to cocreate value with their customers or do you feel organizations are still focused on delivering value Do you agree that providing superior customer...

Q:

When do organizations use profit centers? (LO 3, 4)

Q:

Michael Porter's Value Chain Analysis is a framework that helps organizations decide how to spend their IT dollars. helps organizations finance their projects. helps organizations market their value...

Q:

Firms that grant substantial decision-making authority to the managers of subunits are referred to as A) responsibility organizations. B) profit centers. C) decentralized organizations. D) residual...

Q:

View Policies Current Attempt in Progress Firms that grant substantial decision-making authority to the managers of subunits are referred to as O residual organizations. O profit centers. O...

Q:

Many factors play a part in determining an organization's optimal structure. Chief among them are the organization's _ _ _ _ _ _ _ _ _ _ _ A . profit centers B . span of control C . chain of command...

Q:

ANSWER TRUE OR FALSE 1. The sum total of all the roles assigned to one individual is called a role convention 2. Research indicates that a group with low cohesiveness will reach a high-performance...

Q:

"Mike [Watkins], this is Bill Simpson from engineering. What's going on with the prices of the common capacitors this year for the braided heating element (project HE123): part numbers 541, 234, 567,...

Q:

Assume youre the CEO of an Armenian aluminum manufacturer producing aluminum products for the construction industry (Bars, rods, etc. things you put into the concrete to make it more durable and...

Q:

In an extrusion process, copper wire emerges from the extruder at a velocity V e and is cooled by convection heat transfer to air in cross flow over the wire, as well as by radiation to the...

Q:

Question 1 ( 5 Marks ) - 1 0 minutes Groh Inc. has the following taxable incomes for each year from 2 0 2 0 to 2 0 2 3 . Assume that there are no temporary or permanent differences in any of the...

Q:

1. LaunchPad for Real Communication offers key term videos and encourages selfassessment through adaptive quizzing. Go to bedfordstmartins.com/realcomm to get access to: LearningCurve Adaptive...

Q:

The budget for the Oxford University Printing Company for 20X1 follows: The company typically uses a so-called cost-plus pricing system. Direct-material and direct-labor costs are computed, overhead...

Q:

You are the director of continuing education programs for a state university. Courses for executives are especially popular, and you have developed an extensive menu of one-day and two-day courses...

Q:

Is it more profitable to sell your product for $45 or $12? This is a difficult question for many movie studio executives. Consider a movie that cost $60 million to produce and required another $30...

Q:

A borrower takes out a 30-year adjustable rate mortgage loan for $350,000 with monthly payments. The first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5%...

Q:

13. Elmdale Enterprises is deciding whether to expand its production facilities. Although long-term cash flows are difficult to estimate, management has projected the following cash flows for the...

Q:

Exercise 10-12A Prepare a statement of stockholders' equity (LO10-7) Power Drive Corporation designs and produces a line of goif equipment and goif apparel. Power Drive has 100,000 shares of common...