Questions and Exercises 1

Questions and Exercises 1 - Questions and Exercises 1...

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Questions and Exercises 1 Address the following questions and exercises and post your responses to the weekly discussion board by Saturday, 11:59 p.m. This assignment is worth 30 points. You are encouraged to work together on the questions and exercises, discussing the possibilities, but you must post your own work. 1. Differentiate between a cost center and a profit center. In the cost center, the department manager is responsible for and has authority over costs only. In a profit center, the manager’s responsibility and authority extend to costs and revenues. 2. Differentiate between a profit center and an investment center. The department manager of a profit center has responsibility for and authority over costs and revenues, while the manager of an investment center has responsibility for and authority over investments in assets as well as costs and revenues. 2. Ex. 14-1 A $104,800 B 107,440 C $2,640 D $327,040 E $330,320 F $3,760 G $327,040 H $330,320 I $3,280 J $1,040,640 K $1,042,320
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This note was uploaded on 02/23/2012 for the course ACC 101 taught by Professor Jeff during the Spring '12 term at Lansing.

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Questions and Exercises 1 - Questions and Exercises 1...

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