A responsibility center in which a manager is responsible for both revenues and costs is a(n) a.

Question:

A responsibility center in which a manager is responsible for both revenues and costs is a(n)
a. cost center.
b. profit center.
c. revenue center.
d. investment center.

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

Step by Step Answer:

Related Book For book-img-for-question

Cornerstones of Managerial Accounting

ISBN: 978-0324660135

3rd Edition

Authors: Mowen, Hansen, Heitger

See More Books

Question Posted: Aug 23, 2022 07:32 AM

See More Questions

A responsibility center in which a manager is responsible for revenues, costs, and investments is a(n) a. cost center. b. profit center. c. revenue center. d. investment center.
A division manager is responsible for each of Resolute Electronics Corporations (REC) divisions. Each divisions controller, assigned by the corporate controllers office, manages the divisions...
Give an example of a responsibility center in a university.
Given the definition of the radian angle: S l Where [s] = m, [4] = m What are the dimensions of angles? A. No way to know B. meters, m C. 1 (or no units/dimensions) D. seconds, S E. kilograms, kg
Research in Motion (RIM) is a Canadian company that has achieved huge success based on its main product, the BlackBerry wireless mobile device. This success is largely based on five patents that RIM...
A piece of aluminum has a volume of 1.4 10-3 m3. The coefficient of volume expansion for aluminum is = 69 10-6 (Co)-1. The temperature of this object is raised from 20 to 320 oC. How much work is...
Consider the gasoline mileage data in Table B.3. Delete eight observations (chosen at random) from the data and develop an appropriate regression model. Use this model to predict the eight withheld...
Night Glow Inc. recently began production of a new product, the halogen light, which required the investment of $ 600,000 in assets. The costs of producing and selling 10,000 halogen lights are...
What is the network used for? What networking components can you see? Are there any networking components that you can't see? If so, what other networking components do you expect are involved behind...
The following accounts are taken from the records of Jasper Inc. at January 31, 2015, its first month of operations. Required: 1. Calculate the amount of total assets. 2. Calculate the amount of...
Which of the following is a reason for decentralizing? a. Training and motivating managers. b. Unmasking inefficiencies in subdivisions of an overall profitable company. c. Allowing top management to...
If sales and average operating assets for year 2 are identical to their values in year 1, yet operating income is higher, year 2 return on investment (compared with year 1 ROI) will a. increase. b....
Why do venture capitalists make quick decisions on the infeasibility of some business plans? When a business plan is not quickly determined to be infeasible, what happens next and why?
Which statement is true? a) The monopolist is just as driven as the competitive firm to control costs and use r e sources efficiently. b) The monopolist often charges his customers higher prices and...
You just got closed out of an economics course you need to graduate and need to persuade the department chair to open another section. She tells you that the school will have to pay a part-time...
Who said, Good organizations should be structured by geniuses so that idiots can run them. Unfortunately, most American organizations are structured by idiots so that it takes a genius to run them?...
If the perfect competitor is losing money in the short run, what happens in the market to drive up price?
An example of government ownership of a monopoly is ______. a) the Tennessee Valley Authority b) the New York State Public Service Commission c) AT&T d) General Motors.
Find v(t), t > 0 in the circuit of Fig. 16.40. Let v s= 20 V. t 0 10 2 v100 mF)
If someone's Z-score for a variable was 0.67. Their score is a significant extreme score. Their score is not significant. O Their score is slightly above average. O Their score is an outlier.
The following data were taken from the records of Griggs Company for December 2014: Administrative expenses ................. $ 100,800 Cost of goods sold (at standard) ............... 550,000 Direct...
Diamond Inc. is an Internet retailer of woodworking equipment. Customers order woodworking equipment from the company, using an online catalog. The company processes these orders and delivers the...
Diamond Inc. is an Internet retailer of woodworking equipment. Customers order woodworking equipment from the company, using an online catalog. The company processes these orders and delivers the...
Suppose Scotts borrows $500 million by issuing 10-year bonds at a yield of 4%. It plans to repay the bonds in 10 years without refinancing them with new debt. Scotts' tax rate will remain 35%...
B&R is a brokerage firm that specializes in investment portfolios designed to meet the specific risk tolerances of its clients. A client who contacted B&R has a maximum of $150,000 to invest. B&R...
Suppose firm has returns of 8 percent, -12 percent, 14 percent, -15 percent, 16 percent, and 26 percent for six of the last seven years. If the average return of the share return over this period is...

A responsibility center in which a manager is responsible for both revenues and costs is a(n) a.

Question:

Step by Step Answer:

1 A responsibility center in w...View the full answer

Cornerstones of Managerial Accounting

Students also viewed these Business questions