A Pizza store in a pizza chain Profit Centre A food service function at a nursing home #
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- The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. UDH has just hired a new controller who wants to organize UDH by responsibility centers so that responsibility accounting can be implemented. The controller has asked for your assistance in identifying each of the following UDH functions as either a cost center (C) or a profit center (P). UDH Center Cost or Profit Accounting Bookstore Cafeterias Career services Community workshops (providing continuing professional education necessary for state licensure) Custodial services Financial aid Human resources Information technology Residence halls Student parking lots (fee based) University newspaper/radio stationSuggest an appropriate activity base (or cost driver) for each of the following organizations: (a) hotel, (b) hospital, (c) computer manufacturer, (d) computersales store, (e) computer repair service, and (f) public accounting firm.The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. UDH has just hired a new controller who wants to organize UDH by responsibility centers so that responsibility accounting can be implemented. The controller has asked for your assistance in identifying each of the following UDH functions as either a cost center (C) or a profit center (P).
- Which of the following would most appropriately be evaluated as a “profit center”? Group of answer choices a)Maintenance operations for American Airlines b)A warehouse operation for Amazon c)A hotel restaurant that caters to both hotel guests and non-guests d)Sales division for a large publisherClassify each of the cost items as one of the business functions of the value chain in “Payment of booth registration fee at a medical conference to promote new products to physicians.”Toyota organizes every year two blood donation camps in Nizwa and Muscat. This activity is an example of managements attitude towards what?. choose correct answer a.Competitors b.Customers c.Community d.Clients
- Identify the type of responsibility center (revenue center, cost center, profit center, or investment center) for each of the following situations. A. the accounting department for Tubelite Inc. B. the Best Buy in Traverse City, Michigan C. the reservation department of Allegiant airlines D. the sales department of Four Winns E. the Kohls store in Mount Pleasant, Michigan F. The Hershey Company G. Procter and Gamble H. the shoe department in the Kohls store in Mount Pleasant, MichiganDiscuss how financial information and financial statements are important decision making in food service establishmentsDefine responsibility accounting, and describe the four types of responsibility centers. How can you implement responsibility accounting in a small business?
- Legal offices conduct "pro bono" works to the community. These free legal services are normally done because__________ A. It is normally and ethically right thing to do B. It helps promote the office C. It repackages the office D. It can be used as metric to measure CSR successCase: Explore the website of SecondBite <https://secondbite.org/> and watch carefully the following case study interview: <https://youtu.be/q4UBr1ePB3k> SecondBite is a charity based in Australia, whose objective is to rescue and deliver nutritious food free of charge to those in need. SecondBite has separate operating divisions: one for the collection of food from the charity partners and Coles retail stores, and another one for the delivery of the nutritious food collected to the locations where people in need are. The direct monthly costs of the two operating divisions are respectively $489,860 for ‘food collection’ and$998,270 for ‘food delivery’. SecondBite benefits from two support departments: one monitors the quality and selection of nutritious food collected from SecondBite’s charity partners. It also checks the conditions of storage of such food in the trucks during travelling time and contributes to design and implement checks on the quality, timing and…Case Study: Explore the website of SecondBite and watch carefully the following case study interview: https://youtu.be/q4UBr1ePB3k SecondBite is a charity based in Australia, whose objective is to rescue and deliver nutritious food free of charge to those in need. SecondBite has separate operating divisions: one for the collection of food from the charity partners and Coles retail stores, and another one for the delivery of the nutritious food collected to the locations where people in need are. The direct monthly costs of the two operating divisions are respectively $489,860 for ‘food collection’ and $998,270 for ‘food delivery’. SecondBite benefits from two support departments: one monitors the quality and selection of nutritious food collected from SecondBite’s charity partners. It also checks the conditions of storage of such food in the trucks during travelling time and contributes to design and implement checks on the quality, timing and reliability of the data processed through…