Which of the following managers is likely to have the most diverse responsibilities?
A) the manager of a cost center
B) the manager of a profit center
C) the manager of an investment center
D) the manager of a revenue center
C) the manager of an investment center
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A global product is considered as a global brand
Indicate whether the statement is true or false
Which of the following is a salesperson who works to develop long-term relationships with particular customers and may hold the title of "account manager"?
A) an order taker B) an order getter C) a missionary salesperson D) a new-business salesperson E) a technical specialist
Pioria Products assigns overhead to specific jobs based on machine hours. At the beginning of the current year, estimated overhead costs were $2,150,000 and estimated machine hours were 500,000. By the end of the year, actual overhead costs were
calculated to be $2,000,000 and actual machine hours were 475,000. Required: A. Calculate the predetermined overhead rate. B. How much overhead would be applied to a particular job that required 315 machine hours? C. How much total overhead was applied during the year? D. By how much was overhead over- or underapplied for the year? Be sure to indicate whether it was over- or underapplied.
Indicate whether each of the following statements about financial statement analysis is true or false.Solvency ratios measure a company's short-term debt paying ability and its financial structure.A company with a high debt to assets ratio probably would be considered to have a high level of financial risk.The debt to equity ratio and debt to assets ratio are two ways to measure the same relationship.From the point of view of stockholders, a decline in the debt to equity ratio is always good news.The lower the debt to equity ratio, the higher a company's financial leverage.
What will be an ideal response?