Answer:
The University of Dental Health (UDH)
Functions Type of Center
Accounting Cost Center
Bookstore Profit Center
Cafeterias Profit Center
Career services Cost Center
Community workshops Profit Center
(providing
continuing professional
education necessary for
state licensure)
Custodial services Cost Center
Financial aid Cost Center
Human resources Cost Center
Information technology Cost Center
Residence halls Profit Center
Student parking lots (fee based) Profit Center
University newspaper/radio station Cost Center
Explanation:
The UDH's cost center is a department or function that does not directly contribute to its profitability but costs it money to operate its activities. A profit center, on the other hand, directly contributes to the University's profitability by generating revenue through its activities. Please, note that the dividing line is thin. The determinant factor depends on the choices and efforts made by an organization's management to commercialize some of its internal services.
Answer: B) Conservative Financial Policy
Explanation:
A Conservative Financial policy refers to a situation where an entity usually finances their permanent working capital with long term debt in part or in it's entirety.
It is stated that Bradford Maintainance uses long-term sources of funds to finance its assets which would point to a Conservative Financial Policy.
Answer: Yes
Explanation:The Pv( polyvoltaic)type solar panels are a very durable solar panels they have an average life span of about 20years. The estimated cost of installation of a 200kw type ranges from about #45000($123.3) the average maintenance cost is about $15/ panel in one year,the PV type solar panels have the capacity to generate up to 80% of it's rated power
Let say a 200kw PV solar system will generate about 160KW of electricity in Nigeria the average cost of electricity is($0.071) for house hold and ($0.15) for businesses
For a house hold that requires 2kwh/day= 2*$0.07*365days* 8households *20yrs( life span of the PV solar panel)=$8176 this is computed at 80% capacity generation.
Total cost of installation is $123.3/ panel+($15/panel per year*20yrs life span)=$423.3
Profit=revenue-total cost
Profit=$8176-423
Profit=$7752.7.
All this data were taken from updated values in Nigeria.
Answer:
The balance of accounts receivable on January 1, 2018 is $31,180.
Explanation:
The following are given in the question:
Percentage of allowance for uncollectible accounts = 3%
Credit sales = $125,000
Collections = $131,000
Amount written off = $180
Therefore, we have:
Account receivable on 31 December 2018 * 3% = $750
Account receivable on 31 December 2018 = $750 / 3% = $25,000
Accounts receivable on 01 January 2018 = Account receivable on 31 December 2018 - Credit sales + Collections + Amount written off = $25,000 - $125,000 + $131,000 + $180 = $31,180
Therefore, the balance of accounts receivable on January 1, 2018 is $31,180.