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3 years ago

Which report is more effective in evaluating the performance of profit centers?

1 answer:

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Profit centers use departmental income statements reports for effectively evaluating the performance of profit centers.

Explanation:

The success of manager in generating the income or profits are evaluated by a profit center.It uses the income statements reports for the purpose of evaluating the performance of profit center in an effective way. The segment that intakes cost and generates profits is an investment center. They are mainly responsible in the effective utilization of an organisation's asset.

An enterprise determines the performance of a profit center financially in absolute terms. It is the profit potential of the unit that determines the performance Managers. A manager of a highly profitable segment gain more success than the lower one.

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_____ create computer programs by using their knowledge of computer science, math, and other disciplines. Select the choice that

Burka [1]

Answer:

B. Software designers

Explanation:

Software designers create new ideas and develop them into user-friendly computer software. They are also known as software developers. They apply computer coding and programming skill to perform their functions. Software designers create computer games, operating systems, and other software programs. They also design programs customized to meet specific customer requirements.

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3 years ago

The balance of stockholder's equity at the beginning of the year and the end of the year was 70,000 and 60,000, respectively. Th

ivann1987 [24]

Answer: 12,000

Explanation:

Given that,

Stockholder's equity at the beginning of the year = 70,000

Stockholder's equity at the end of the year = 60,000

Dividends = 22,000

Net Income = Ending Balance + Dividends - Beginning Balance

= 60,000 + 22,000 - 70,000

= 12,000

Therefore, the net income for the year was 12,000.

6 0

3 years ago

Furniture costing $75,900 is sold at its book value in 2019. Acquisitions of furniture total $64,300 cash, on which no depreciat

SVEN [57.7K]

Answer:

Hie, the question you have provided is missing information relating to Accumulated depreciation or book value of the furniture as well as profit or loss on sale of furniture.

However, important principles are explained below :

The Furniture Disposal T - Account is used to calculate the cash received from the sale of furniture.

The Format of the Account is as follows :

Debits :

Record the Costs of the Furniture Sold. In this cases Cost is $75,900

Record the Profit on Sale of Furniture (if there was profit). The information is incomplete in this case.

Credits :

Record the Accumulated Depreciation on the Furniture. This figure is missing.

Record the Loss on Sale of Furniture (if there was a loss). The information is incomplete in this case.

The Balancing figure would be the Cash Received on sale of Furniture and to be recorded here.

Conclusion :

The Cash Received on Sale of Furniture is a Balancing figure of the Furniture Disposal T - Account.

7 0

3 years ago

The government tax for a sole proprietorships and a partnership is classified under

guapka [62]

Answer:

the answer is personal income

7 0

3 years ago

Read 2 more answers

________ occurs when economic benefits are distributed fairly. A. Equity B. Allocative efficiency C. Equality D. Productive eff

dlinn [17]

Answer: (A) Equity

Explanation:

The equity is the term which refers to the concept of fairness in the economics concept as they providing the various types of economic benefits regarding the taxation and also the welfare of the economics.

The equity is basically relating to the fairness in terms of opportunity, various types of services and income and that are distributed between the various types of groups in the society.

In an organization, the equity is one of the type of investor that share all the investing shares of the company and then it distributed fairy.

Therefore, Option (A) is correct answer.

3 0

3 years ago