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4 years ago

Which statement below best describes a profit center?

1 answer:

8 0

Answer: (B) The authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply and significant control over the amount of invested capital.

Explanation:

The profit center is the type of center in which the authority makes various types of decisions that affect the major profits. It also include the power for choosing the market and the sources.

The profit center is the type of business unit which basically generate the various type of revenue and cost. It is the type of department that generate the income by using the organization resources. The profit center has the significant control on the amount of the invested capital.

Therefore, Option (B) is correct.

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How can producers maximize their profit?

Alina [70]

Answer:

the best possible answer is keep the marginal costs below marginal revenue.

7 0

4 years ago

Visburg Concrete Company pours concrete slabs for single-family dwellings. Lancing Construction Company, which operates outside

AleksandrR [38]

Answer:

$45,600 and yes

Explanation:

The computation of the contribution to profit from the special order is shown below:

= Sales revenue - Material cost - Labor cost

where,

Sales revenue = $3,300 × 40 slabs = $132,000

Material cost = $1,440 × 40 slabs = $57,600

Labor cost = = $7200 × 40 slabs = $28,800

Now put these values to the above formula

So, the value would equal to

= $132,000 - $57,600 - $28,800

= $45,600

The material and labor cost is a variable cost and the same is taken in the computation part

So, it should accept the special order

6 0

3 years ago

In an open economy, gross domestic product equals $2,450 billion, consumption expenditure equals $1,390 billion, government expe

N76 [4]

Answer:

$735 billion

Explanation:

Calculation to determine the national saving

Using this formula

National saving =Gross domestic product-Consumption expenditure-Government expenditure

Let plug in the formula

National saving=$2,450 billion-$1,390 billion- $325 billion

National saving=$735 billion

Therefore the national saving is $735 billion

7 0

3 years ago

Materials purchased on account during the month amounted to $190,000. Materials requisitioned and placed in production totaled $

svetoff [14.1K]

The entry to record the transaction for materials requisitioned by the production department is to

Debit WIP $156,000

Credit Materials $156,000

Organization accountants should account for direct and indirect materials one after the other. The magazine entry for direct substances, this is, substances that can be without delay traced to merchandise, is a debit to the paintings in technique and a credit to the raw materials inventory accounts.

To file materials used in manufacturing, a debit for the value of raw substances is made to the WIP inventory account and a credit score is made to the raw substances account. Exertion fees are spilt between direct and indirect labor.

Learn more about transactions here brainly.com/question/1016861

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5 0

1 year ago

Robinson Crusoe has formed a business that sells carved gourmet coconuts. He has hired five employees. The most senior is Friday

shusha [124]

The answer is B) Operations

4 0

3 years ago