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:
Future value
Explanation:
Future value is the value an assets as currently based on the assumed rate of its growth or increase.
Determining the future value of money or an investment helps one to make calculated decisions on what to get from the purchasing power of such money or how much the investment will be worth in the future.
Future value is calculated using
FVi=PV (1+I)n
Where
FVi is the value at the end of a particular period.
PV is price value.
I is the interest rate.
n is the number of compounding periods.
Answer:
Net income under absorption costing would be $ 250,000
Explanation:
Mortech Company
Net Income variable costing $250,000
Variable Costing Absorption Costing
Sales Sales
Less Variable Costs Less Product Costs ( Variable + Fixed)
Contribution Margin Gross Profit
Less Fixed Costs Less Period Costs ( Variable +fixed)
Net Profit Net Profit
Net income under both the methods remains the same unless there is a difference in fixed costs for certain items.
Answer:
a. - $3,200
b. $15,200
Explanation:
The computation of the working capital for both the years is shown below:
Beginning of Year
= Accounts receivable + inventory - accounts payable
= $25,400 + $12,700 - $15,200
= $22,900
End of year
= Accounts receivable + inventory - accounts payable
= $23,700 + $13,900 - $17,900
= $19,700
So, the change in net working capital
= $22,900 - $19,700
= - $3,200
b. The computation of the cash flow for the year is shown below:
= Sales - costs - change in working capital
= $36,700 - $24,700 - (-$3,200)
= $15,200
