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2 years ago

Any part of an organization whose manager has control over and is accountable for cost, profit, or investments is a(n)

1 answer:

8 0

A responsibility center is any part of the firm whose manager has control over and is accountable for cost, profit or investment decisions of the part of the firm under his control.

What are the different types of responsibility center?

There are three types of responsibility center as listed below:

-Profit center

-Cost center

-Investment center

A cost center's manager is accountable for the profits of the division without been held responsible for its revenue and profits.

A profit center's manager would be accountable for revenue or sales and profit of the center as well as costs, in other words, the manager is expected to make decisions that minimize costs while also maximizing revenues and profits thereon.

Lastly, an investment center's manager would be able to take decisions bordering on costs reduction, revenue and profit maximization including whether or not to invest in new equipment or assets.

Overall, all of the aforementioned are known as responsibility centers, hence, the correct option is responsibility centers.

Read more about responsibility center on:brainly.com/question/24553900

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A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Bi

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Answer and Explanation:

The computation of the total cost under each locations is as follows:

The total cost of Memhpis is

= $40,000 + (10,000 units × $8) + $50,000

= $40,000 + $80,000 + $50,000

= $170,000

The total cost of Biloxi is

= $60,000 + (10,000 units × $4) + $60,000

= $60,000 + $40,000 + $60,000

= $160,000

And, the total cost of Birmingham is

= $100,000 + (10,000 units × $5) + $25,000

= $100,000 + $50,000 + $25,000

= $175,000

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3 years ago

The odd-lot trading theory advocates that small investorsA) tend to buy high and sell low.B) react in a manner which generally f

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Answer:

The correct answer is A) tend to buy high and sell low.

Explanation:

The theory of odd lots is a theory of technical analysis based on the assumption that the small individual investor who trades foreign lots is often wrong. Therefore, if sales of odd lots increase and small investors are selling a share, it is probably a good time to buy. Vice versa, when purchases of odd lots increase, the theory of odd lots would indicate a good time to sell.

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4 years ago

Exercise 4-8 (part level submission) plevin company ended its fiscal year on july 31, 2017. the company’s adjusted trial balance

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Service Revenue.................................65000

Rent Revenue..........................................6000

To Income Summary.....................................................71000

Income Summary..........................78900

To Depreciation Expense..............................................7000

To Salaries Expense.......................................................56400

To Utilitites Expense.........................................................15500

Retained Earnings.....................................................................7900

To Income Summary...............................................................................7900

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4 years ago

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According to the Solow growth model, high population growth rates:_________ a) are a prerequisite for technological advances and

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Answer:

b) force the capital stock to be spread thinly, thereby reducing living standards.

Explanation:

Solow growth model: It is a model of economic growth, which was developed by Nobel laureate Robert Solow. It helps in analyzing the change in the output of production due to a change in population growth rate, saving rate and technological growth rate.

In the Solow growth model, an increase in population growth rates will increase the growth rate of the total output of production, however, there are no sharp changes in the growth rate of per capita output and decrease in capital intensity and saving rate, which reduce living standard.

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3 years ago

Fran’s Crazy Salts has just been bought by Allspice. Employees are unsure of what that will mean for their jobs, as Allspice alr

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Answer:

Option d is correct.

<u>Adapting to mergers</u>

Explanation:

The change agent has the activity close by to ingrain trust in the workforce by coming up unmistakably on the organisation's approach for the current workforce ( of past organisation) so they can make certain about their future with the organisation and decide their future strategy. Adapting to mergers is the correct choice as the change specialist needs to prepare the workforce work and submitted as ahead of schedule as could reasonably be expected.

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3 years ago