managerial accounting chapter 24

FILL IN THE BLANK. Write the word or phrase that best completes each statement or Student name: answers the question. measures the average time it takes to convert cash 1) The outflows into cash inflows. generates revenues and incurs costs. 2) A incurs costs without generating revenues. 3) A 4) An investment center has income of $1,600,000 and average assets of $20,000,000. The investment center has a return on investment of evaluates unit managers only on activities they can control. 5) lists actual costs that a manager is responsible 6) A for and their budgeted amounts 7) are costs incurred to produce or purchase two or more products at the same time. 8) A(n) generates revenues and incurs costs, and its manager is responsible for the investments made in its operating assets. 9) Soda Company's Beverage Division has average assets of $10,000, sales of $6,000, and income of $1,200. The Beverage Division has a profit margin of