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:
the percentage of the allowance for doubtful accounts to the accounts receivable for MGM 15.92%
Explanation:
MGM accounts receivable $562,947,000
MGM Allowance for doubtful accounts $89,602,000
% of MGM allowance for doubtful accounts to the accounts receivable = Allowance for doubtful accounts / Net Accounts Receivable* 100
=$89,602,000/ $562,947,000 (*100)= 15.916= 15.92%
We can check the answer by applying the percentage to the given amount of the accounts receivable = 15.92% of $562,947,000= $ 89621,162 which is almost the same as $89,602,000. We get the slight difference in the numbers due to the rounding off as the actual percentage was 15.916
Answer:
<h2>A source of money that allows individuals to pay for goods and services later is called <u>Credit</u>.An advantage of this source of money is <u>convenience of payment.</u> A disadvantage of this source of money is <u>increase in the financial debt</u>.</h2>
Explanation:
- In Economics and Finance,the concept of credit basically refers to post payment agreement in the case of any commercial exchange or purchase of any good or service between the buyer/consumer and seller.In this case,the buyer or the consumer can purchase the concerned good or service and pay for them by a specified time period in future based upon the agreement of both the buyer and seller of the concerned good or service.
- A major advantage of credit payment to the consumers or buyers is that it provides them the opportunity to pay for the goods and services that they have purchased according to their own practical convenience at a later time.The consumers or buyers can peacefully purchase any product or service without having to think much about the payment related hassles and inconveniences.This advantage of credit payment is commonly applicable for big purchases or considerably expensive purchases such as luxury or branded cars,electronic appliances,personal home or real estate and so on where various installment future payment options are provided to the consumers to ease their consumption experience.
- On the other hand,one of disadvantages of credit payment for any purchase is the potential possibility of payment default and accumulation of future financial debt or liability for the consumers and buyers.If the consumers or buyers are not able to or delay to pay the full amount of the goods or services purchased within the pre-specified time period,then it only contributes to psychological distress and deterioration of their credit history which might affect their ability for any future consumption or purchase.Credit or installment payment options also evidently lead to the accumulation of financial obligation or debt for the buyers or consumers.
Answer: See explanation
Explanation:
a. This occurs when a person's income exceeds his consumption. - This is savings.
b. This occurs when a person or firm purchases new capital. - This is investment.
1. You use your $200 paycheck to buy stock in AT&T. - This is savings since the money isn't used to make a capital purchase for ones business.
2. You borrow $1,000 from a bank to buy a car to use in your pizza delivery business. - This is investment as the car will be used for ones business. The consumption is made to help the business.
3. Your family takes out a mortgage and buys a new house. - This is investment as a new capital is bought.
4. Your roommate earns $100 and deposits it in his account at a bank. - This is savings as no consumption is involved.
From the weekly output given, the average multifactor productivity will be 1.447.
<h3>How to calculate the average multifactor productivity</h3>
From the complete information, the following can be deduced:
Week 1:
Input cost = 35660
Output cost = 51500
Week 2:
Input cost = 31800
Output cost = 45500
Week 3:
Input cost = 33500
Output cost = 49000
Week 4:
Input cost = 35160
Output cost = 51000
Total input cost:
= 35660 + 31800 + 33500 + 35160
= 136120
Total output cost:
= 51500 + 45509 + 49000 + 51000
= 197000
Average multifactor productivity
= Output / Input.
= 197000 / 136120
= 1.447
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