State the term investment center, and explain the manner of measuring the financial performance of investment centers.

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Answer 1

Question

Chapter 19, Problem 1Q

To determine

State the term investment center, and explain the manner of measuring the financial performance of investment centers.

Expert Solution & Answer

Explanation of Solution

Investment center: The manager of investment center is held accountable for the profit of sub-unit and the return earned on capital invested which is used by the sub-unit to generate its profit.

The profit per dollar financed can be related to the rate of return for alternative investments. Normally rate of return is calculated by taking the ratio of the profit amount divided by the invested amount in the business unit.

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Madison Company's cash ledger reports the following for the month ending March 31. Deposits: Date 3/4 Amount Number Date Amount $1,100 Checks: 541 3/2 $5,900 3/11 1,200 542 3/8 500 3/18 3,700 543 3/12 2,400 3/25 3,100 544 3/19 1,100 Cash receipts: 3/26 to 3/31 2,800 545 3/27 800 $11,900 546 3/28 600 547 3/30 1,900 $13,200 Amount Balance on March 1 $5,500 Receipts 11,900 Disbursements (13,200) Balance on March 31 $4,200 Information from March's bank statement and company records reveals the following additional information: a. The ending cash balance recorded in the bank statement is $5,867. b. Cash receipts of $2,800 from 3/26 - 3/31 are outstanding. c. Checks 545 and 547 are outstanding. d. The deposit on 3/11 included an NSF check from a customer in the amount of $470 that did not clear the bank. e. Check 543 was written for $3,000 for office supplies in March. The bank properly recorded the check for this amount. f. An electronic funds transfer (EFT) for March rent was made on March…

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Answer 2

Question

Chapter 19, Problem 1Q

To determine

State the term investment center, and explain the manner of measuring the financial performance of investment centers.

Expert Solution & Answer

Explanation of Solution

Investment center: The manager of investment center is held accountable for the profit of sub-unit and the return earned on capital invested which is used by the sub-unit to generate its profit.

The profit per dollar financed can be related to the rate of return for alternative investments. Normally rate of return is calculated by taking the ratio of the profit amount divided by the invested amount in the business unit.

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Answer 3

Question

Chapter 19, Problem 1Q

To determine

State the term investment center, and explain the manner of measuring the financial performance of investment centers.

Expert Solution & Answer

Explanation of Solution

Investment center: The manager of investment center is held accountable for the profit of sub-unit and the return earned on capital invested which is used by the sub-unit to generate its profit.

The profit per dollar financed can be related to the rate of return for alternative investments. Normally rate of return is calculated by taking the ratio of the profit amount divided by the invested amount in the business unit.

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Answer 4

Question

Chapter 19, Problem 1Q

To determine

State the term investment center, and explain the manner of measuring the financial performance of investment centers.

Expert Solution & Answer

Explanation of Solution

Investment center: The manager of investment center is held accountable for the profit of sub-unit and the return earned on capital invested which is used by the sub-unit to generate its profit.

The profit per dollar financed can be related to the rate of return for alternative investments. Normally rate of return is calculated by taking the ratio of the profit amount divided by the invested amount in the business unit.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 19, Problem 1Q

To determine

State the term investment center, and explain the manner of measuring the financial performance of investment centers.

Expert Solution & Answer

Explanation of Solution

Investment center: The manager of investment center is held accountable for the profit of sub-unit and the return earned on capital invested which is used by the sub-unit to generate its profit.

The profit per dollar financed can be related to the rate of return for alternative investments. Normally rate of return is calculated by taking the ratio of the profit amount divided by the invested amount in the business unit.

Answer 6

Chapter 19, Problem 1Q

To determine

State the term investment center, and explain the manner of measuring the financial performance of investment centers.

Expert Solution & Answer

Explanation of Solution

Investment center: The manager of investment center is held accountable for the profit of sub-unit and the return earned on capital invested which is used by the sub-unit to generate its profit.

The profit per dollar financed can be related to the rate of return for alternative investments. Normally rate of return is calculated by taking the ratio of the profit amount divided by the invested amount in the business unit.

Answer 7

Chapter 19, Problem 1Q

To determine

State the term investment center, and explain the manner of measuring the financial performance of investment centers.

Answer 8

Expert Solution & Answer

Explanation of Solution

Investment center: The manager of investment center is held accountable for the profit of sub-unit and the return earned on capital invested which is used by the sub-unit to generate its profit.

The profit per dollar financed can be related to the rate of return for alternative investments. Normally rate of return is calculated by taking the ratio of the profit amount divided by the invested amount in the business unit.