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:
c. $980,200
Explanation:
The computation of the cash collections is shown below:
As January sales is $839,000
So, Cash sales
= $839,000 × 20%
= $167,800
So Credit sales
= $839,000 × 80% × 75%
= $503,400
And on January 1 , the account receivable is $309,000
So, the January cash collections from sales is
= $167,800 + $503,400 + $309,000
= $980,200
Answer: $35,332,160
Explanation:
The boik value of the purchase will be calculated thus:
Cost of plant = $43,088,000
Useful life = 15
Savage value = $4,308,800
Depreciation per year = ($43,088,000 - $4,308,800) / 15
= $38779200/15
= $2,585,280
Accumulated depreciation after third year will be:
= $2,585,280 × 3
= $7755840
Book value = $43,088,000 - $7,755,840
= $35,332,160
Transfer payments are not included in the GDP calculation because they are transfers of income within one organization or group to group. Transfer payments are not used to purchase a good or service. Examples of transfer payments are social security, students grants, unemployment pay and others.
