Cost center: Cost center incurs the costs and does not generate the revenue directly. Investment Center: Investment center takes care of revenue, cost and investment. Profit Center: Profit center generate revenue and incur expenses. To Indicate: The difference between the profit center and investment center.

Question

Want to see the full answer?

Answer 1

Question

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Please help me solve this general accounting question using the right accounting principles.

Financial accounting

Can you solve this general accounting question with the appropriate accounting analysis techniques?

Answer 2

Question

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Answer 6

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Answer 7

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 14 - When the manager has the responsibility and...Ch. 14 - The Accounts Payable Department has expenses of...Ch. 14 - Division A of Kern Co. has sales of $350,000, cost...Ch. 14 - Division L of Liddy Co. has a return on investment...Ch. 14 - Which approach to transfer pricing uses the price...Ch. 14 - Prob. 1CDQ Ch. 14 - Prob. 2CDQ Ch. 14 - Prob. 3CDQ Ch. 14 - Prob. 4CDQ Ch. 14 - Weyerhaeuser developed a system that assigns...

Solution Summary: The author explains the difference between the profit center and investment center. The cost center incurs costs and does not generate revenue directly.

Videos

Want to see the full answer?

Chapter 14 Solutions