The manager of the cost center does not have control over revenue or the use of investment funds.
<h3>What is a Manager?</h3>
A manager is referred as an individual in an organization who controls and coordinates functions and operations and notifies the use of resources in an appropriate manner after assigning them and helps in strategy development.
The manager of the cost center does not have control over revenue or the use of investment funds. Only managing costs within the budget is under the responsibility of a cost center manager.
In order to increase organizational efficiency and make revenue, internal management makes use of cost center data.
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Answer:
it is an example of minimizing the risk of business
Explanation:
There is a difference between managing proactively and creatively.
Managing creatively only carried out after the company experience some sort of bad circumstances. IT is used to fix the situation.
Managing proactively on the other hand is carried out on a regular basis, even before any bad circumstances happen. This type of management will prevent the company in experiencing unnecessary damage and will be beneficial for the company in the. long run, This will minimize the risk that might occur to the company.
Answer:
The answer is: true
Explanation:
Rational behaviour entails making decisions or taking actions that result in maximising utility or satisfaction. The time value of money dictates that the opportunity cost of foregoing earning potential today is the interest accrued on the savings for future use. A rational consumer who wants to maximise utility will always take the $2,000 dollar cash back since the implicit interest incurred by taking the 0% financing results in a lower future value (in 5 years).
Answer:
Deluxe
Explanation:
The computation is shown below:
= Sales Value after further processing - further processing cost - sales value
For Premier
= $2,700 - $900 -$1,350
= $450
For Deluxe
= $630 - $225 - $430
= -$25
For Super
= $1,800 - $450 - $900
= $450
For Basic
= $180 - $45 - $90
= $45
As we see that out of four different products, the deluxe contains negative value which reflect that this product should not processed further that means other three products should processed further
Answer:
$4,400,000
Explanation:
A balance sheet is a statement showing the financial position of a business as at a particular date. At all time the Asset of a business must be equal Liabilities + Owners' Equity. i.e Assets = Liabilities + Owners' Equity.
In the case of Hotela's balance sheet
Asset= $ 6,400,000
Equity = $2,000,000
Liabilities = ?
Going by the accounting equation Assets = Liabilities + Owners' Equity.
To calculate liabilities the formula below will be used
Liabilities = Asset - Owners' equity
Therefore Liabilities = $6, 400,000 - $2,000,000 = 4,400,000
Hence the answer is 4,400,000