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2 years ago

When should cost, revenue, profit, or investment center be used?

1 answer:

7 0

A concept in managerial accounting, responsibility centers are a method of measuring and evaluating the effectiveness of managers tasked with decision making for their business unit. Not all units of a business have the capacity to generate profit, but instead some support vital functions that incur costs for a business for example, the transportation department in a hospital. A cost center is a unit that does not generate revenue. A revenue center has responsibility for generating revenues, and in most cases will be the same as a profit center, as all units have some level of costs. An investment center is usually found at higher levels in an organization where a unit manager has the responsibility of generating returns on investment capital. I hope this might help you !

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Total Output Price Marginal Revenue Average Total Cost Marginal Cost 1 $ 100 $ 100 $ 100.00 $ 30 2 90 80 63.00 26 3 80 60 52.67

mario62 [17]

At the profit-maximizing output, this firm's total profit will be $280.

<h3>Who is a monopolist?</h3>

A monopolist is a single firm that operates in an industry. There is only one firm in the industry because there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.

Profit is maximised when marginal revenue is equal to marginal cost. Looking at the given table, marginal revenue is equal to marginal cost when output is 4 and price is $70

Total profit = 70 x 4 = $280

To learn more about monopolies, please check: brainly.com/question/10441375

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2 years ago

Who is most likely to have claimed that "As the client becomes more self-aware, more self-acceptant, less defensive and more ope

just olya [345]

Answer:

- Carl Rogers

Explanation:

<u>Carl Rogers</u>, the American psychologist, proposed his humanistic approach often known as the 'client-centered approach' to understand psychology. He put the individuals at the center in the continuously evolving world of experience. He claimed that 'as the client evaluate and actualize their behavior due to interaction with others, they become more self-aware as well as more self-acceptant, and perceive other people as distinct and separate individuals. They also become less protective, and more agape.' This allows them to have the liberty to grow and advance their present value system.

5 0

3 years ago

If you are asked to describe how you handled the problem with your manager in your past job, what type of interview question was

skelet666 [1.2K]

Answer:

The correct answer is letter "B": behavioral interview.

Explanation:

A behavioral interview is the type of interview in which applicants are questioned how they reacted in front of different types of situations. This is done with the idea applicants' past actions can predict the way they are likely to behave in the future. Most interviews have behavioral questions for applicants but do not only focus on their past reactions at work.

8 0

2 years ago

Schonhardt Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its a

QveST [7]

Answer:

a. $16,500

Explanation:

The computation of the total amount of fixed manufacturing cost is shown below;

= Number of units sold & produced × fixed manufacturing overhead per unit

= 5,000 units × $3.30

= $16,500

Hence, the correct option is a.

3 0

2 years ago

20. A company is in its first month of operations. On January 1, the company borrows $10,000 from the bank. The bank charges ann

goblinko [34]

Answer and Explanation:

amount borrowed = $10,000

interest rate =12%

interest accrued = $10,000*12%*1/12

= $100

date general journal debit credit

jan 31 interest expense 100

interest payable 100

3 0

2 years ago