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3 years ago

A cost center does not directly generate revenues. a. True b. False

1 answer:

5 0

True. A cost center does not directly generate revenue.

A cost center does incur cost, though it does not generate revenue on its own. These accounts are charged for accounting purposes to different parts of the organization even though individually, they aren't making money for the organization.

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Aiello, Inc. had the following inventory in fiscal 2016. The company uses the LIFO method of accounting for inventory. Beginning

quester [9]

Answer:

The correct answer is B. $1,800.00

Explanation:

LIFO Perpetual table is attached.

The table shows purchases, sales and balance of each period.

As the final inventory is 120 units, we suppose the sales of the year. Applying LIFO, our ending inventory cost is 120 units, each one at $15

So, total cost is $1800 (120* 15)

Download xlsx

8 0

3 years ago

Read the following except from a warranty. What time period is this warranty for? "This warranty is given by XYZ motors. The Zoo

ArbitrLikvidat [17]

Answer:

The warranty period is for three years.

Explanation:

A warranty is a promise a buyer receives from the seller that the latter will repair or replace the product should it develop defects within a stated period. Warranties are granted with specific conditions. The universal condition is that the defects in the product are a result of the manufacturing process and not the buyers' misuse. The defect must occur within a stated period.

In the case of XYZ, the stated period is three years. However, the seller has introduced another condition of "or 30,000 miles whichever comes first." For business reasons, and from market experience, the seller expects that XYZ will use the vehicle at an average rate of 10,000 miles per year. At this rate, the warranty will last for three years. Should the buyer use the vehicle at a faster rate than this, the 30,000 miles will be exhausted earlier, which will bring the warranty to an end. If XYZ uses the vehicle at a slower or the expected rate, the warranty will last for three years.

7 0

2 years ago

Diamond Company is considering investing in new equipment that will cost $1,400,000 with a 10-year useful life. The new equipmen

ivolga24 [154]

Answer:

the cash payback period is 6.09 years

Explanation:

The computation of the cash payback period is shown below:

= Initial Investment ÷ Net annual cash inflow

= $1,400,000 ÷ $230,000

= 6.09

Now the net annual cash flow is

. Net operating income $90,000.00

Add: Depreciation $140,000.00

Net annual cash inflow $230,000.00

Hence, the cash payback period is 6.09 years

6 0

2 years ago

Is also known as oral administration.

TiliK225 [7]

Answer:

D. Ingestion

Explanation:

Absorption seems like something you would get through the skin. Injection it gets put into your body by a needle. Inhalation is through the nose. Ingestion you swallow.

8 0

2 years ago

Foreign businesses in India appear to receive unusually close scrutiny and must meet special regulations, aimed at protecting lo

svlad2 [7]

Answer: .A) nontariff trade barrier

Explanation:

A Non-Tariff trade barrier as the term implies, refers to measures apart from the imposition of tariffs meant to protect local businesses in a country by restricting the trade of international products in that same country.

Such measures include but are not limited to,

• Quotas,

• Levies,

• Embargos, and

• Sanctions etc

6 0

3 years ago