Match each of the following type of responsibility centers with what all they are accountable for. Cost Center Profit Center Investment Center Revenue Center Match each of the following type of responsibility centers with what all they are accountable for. Cost Center Cost Revenue and Cost Profit Center Revenue, Cost, and Investment Revenue Center Cost Revenue Center Revenue

Q: 3 - Profit for the Period 440.000 Corporate Tax (96,800) Net Profit for the Period After Taxes…

A: The answer is option (B.) [i.e 35,000] Refer step 2 for explana tion.

Q: Describe in detail the characteristics of managerial accounting.

A: Solution Managerial accounting is that part of accounting that deals with quality of information. It…

Q: what accounting method will be used to evaluate each of the responsibility centers?

A: Responsibility accounting: Responsibility accounting refers to the various tool used by managerial…

Q: Define the following according to your understanding (a)Manager (b)Management

A: Manager and management  terms are used in business organizations

Q: Explain how a company's approach to planning and its mission can be translated into action plans.

A: Planning is a process that helps to bridge the gap between where we are and where we want to be.…

Q: What is the essence of sound financial management to the procurement manager.

A: Financial management  Financial management includes using the planning function, organizing…

Q: Discuss how management accounting fits into an organization’s structure

A: Staff managers provide support services to the line managers. Staff managers are specialists that…

Q: ) Give an example of a department corresponding to an investment center, specifying the practical…

A: Give an examle of a department corresponding to an investment centre.

Q: How does customer Satisfaction relate to management accounting? Give a practical example.

A: Customer satisfaction and management accounting are intrinsically connected in the corporate sector.…

Q: Some of the things that are the responsibility of the operational sector are capacity planning.…

A: Capacity planning refers to a process for determining whether the production resources like…

Q: Identify the trends impacting management accounting and discuss the implications for management…

A: The objective of the question is to identify the current trends that are impacting management…

Q: _____ management exists to provide advice and assistance to those responsible for attaining the…

A: Ans. There are various management who look out the specific duties they are assigned for.

Q: Highlight the importance and duties of the financial manager.

A: Importance of financial manager are: Helpful in controlling as well as in the analysis of the…

Q: Accountancy help for the global competion

A: Management accountancy refers to the process of systematically recognizing, formulating, evaluating,…

Q: Identify the purpose and process for each component (Front-End, Middle, Back-End) of revenue cycle…

A: What is RCM? Revenue Cycle Management (RCM) alludes to the way toward recognizing, gathering and…

Q: There is a phrase stated "THE MORE WE GIVE, THE MORE WE GAIN". Kindly explain what this phrase means…

A: When a company incorporates social and environmental concerns into its operations, it is said to be…

Q: Discuss the role of profit plan in implementing strategy.

A: Strategy: It is a plan of action that is framed to achieve the organizational overall goals.

Q: he management Accontancy help for the six

A: Management Accountancy  is the measurement, processing, and sharing of financial and non-financial…

Q: Which of the following is not true?

A: The following statement is not true: Organizations share a common purpose or mission. Organizations…

Q: Briefly explain the relationship between the organisation's mission statement and performance…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: What is the primary purpose of a cost center? A) To generate revenue B) To control cost C) To manage…

A: In a centralized environment, control moves from task control to results control. In a task control…

Q: How does management accounting helps in planning and control

A: Management accounting plays a crucial role in planning and control within an organization in the…

Q: The objective of Human resource accounting in the modern organizations is to____ a. Attract the…

A: The correct option is  B. All of the given options

Q: define the characteristics of an organized structure   which are the most relevant features for an…

A: Organizational Structure:   Organizational structure refers to the manner in which activities such…

Q: Describe the relationship between business objectives and stakeholders interest.

A: Each business has certain objectives most common are maximize wealth and achieve growth but that is…

Q: Name the function of management which involves making decision in advance? a. Staffing b. Organizing…

A: Functions of Management - 1. Staffing - Staffing is the hiring process of the employees. A per the…

Q: - Grandpa duct development. an h v that Grandpa Jim's

A: In Resposibility Accounting various segments of a business are…

Q: Understand how management accounting fits into an organization’s structure

A: Management accounting:  Management accounting measures, analyses, and reports both financial and…

Q: Explain four types of standard in Performance Management Accounting.

A: performance management standard or those standard that has been set up by the regulating body to…

Q: When writing your lead generation objective, why should you start with your business objective?

A: Introduction: In crafting a lead generation objective, it is crucial to commence with a clear…

Q: brenchmarking to improve an organizations performance

A: Benchmarking is the method of fixing standards for evaluating the performance of the business entity…

Q: Which of the following terms is used to describe the process of developing the organization’s…

A: Improving process: it is a process of identifying and analysing of existing process improving them…

Q: How to define an organizational subunit as a cost center, a profit center, or an investment center?

A: Defining an organizational subunit as a cost center, profit center, or investment center depends on…