Answered: The regional sales office manager of a…

The regional sales office manager of a national firm is most likely responsible for a(n) revenue center investment center cost center profit center

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 2MC: Which of the following does not describe a management control system? A. establishes a companys...

See similar textbooks

Related questions

Q: Cable Network System Bhd (CNS) is a supplier of equipment to telecommunication companies such as…

A: Hey, since there are multiple sub parts posted, we will answer first three subparts alone.

Q: 1. Differentiate between a profit center and an investment center.

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Which of the following statements is true for a company that has managers responsible for product…

A: Generally Accepted Accounting Principles (GAAP):Generally Accepted Accounting Principles are the…

Q: World-class businesses use which of these systems to integrate all of a company’s worldwide…

A: Enterprise resource planning or ERP forms the centralized database for simplying workflows of the…

Q: What is a global network of organizations and activities that supply a firm with goods and services?…

A: To supply a firm with all the goods and services, a global network is being setup which includes…

Q: Techno Inc. has two divisions: Auxiliary Components and Audio Systems. Divisional managers are…

Q: Techno Inc. has two divisions: Auxiliary Components and Audio Systems. Divisional managersare…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: Explaining decentralization Decentralization divides company operations into various reporting…

A: 1.

Q: In each of the following situations, identify which type of responsibility center is appropriate…

A: Identify which type of responsibility center is appropriate based on the decision-making authority…

Q: 10. Which of the following correctly describes the support activities of the value chain? The firm…

A: Answer: There are four types of support activities in value chain: All of mentioned cases correctly…

Q: Evaluate the performance of the two divisions assuming UEI uses return on investment (ROI).

A: Return on investment is one of the profitability measure under which net income is being analysed as…

Q: Goodworks Software operates stores within five regions. Regional managers are held accountable for…

A: Solution: As regional manager are held accountable for marketing, advertising, and sales decisions,…

Q: Which of the following is a good choice for a manager interested in fostering the cooperation of two…

A: At times the managers of companies may have to seek cooperation between different departments of the…

Q: When you look at the organizational structure of ABC Inc., you notice that the Marketing department…

A: c) Functional

Q: In each of the following situations, identify which type of responsibility center is appropriate…

Q: Comment on the new responsibility-centre designation for the Logistics and Distribution Department.

Q: In each of the following situations, identify which type of responsibility center is appropriate…

A: Responsibility center refers to the organizational unit which is headed by manager, who is taking…

Q: Xerox Corporation has been an innovator in its responsibility-accounting system. In one initiative,…

A: Responsibility center: A department or unit of a corporation where the management assigns the…

Q: Which of the following is the main assumption that is made about managers in general in support of…

A: Since you have asked multiple questions we will solve the first question for you,If you want any…

Q: Costing systems and investment centres are two types of business segments that are entirely…

A: The excess of revenues over expenses is defined as the net profits of the organization. he cost of…

Q: Decentralization is defined as a system in which the authority for decision making is delegated to…

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

Q: Assume you have just been hired as the management accountant in charge of providing your firm’s…

A: Value chain is the model of business, which states the activities full range required to create the…

Q: To minimize common measures bias when developing divisional b within a corporation, d. it is…

A: In order to develop divisional balanced scorecards for unique divisions within a corporation, each…

Q: Differentiate between centralized and decentralized operations. Differentiate between a profit…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Profit margin for an Investment center measures: Multiple Cholce Departmental contribution to…

A: Profit margin = Sales - Expenses Profit margin for an investment center = Investment center income

Q: Explain the meaning of transfer pricing and how a company could price products passing from one…

A: Transfer price: Transfer price is a price charged on the goods manufactured by the one division and…

Q: For each of the following, select its best description. A. Provides information used to evaluate the…

A: SOLUTION- INVESTMENT CENTER IS A BUSINESS UNIT WITHIN AN ENTITY THAT HAS RESPONSIBILITY FOR ITS OWN…

Q: Image attached below. Questions 1. Explain how the manager if each division will react to the…

A: Since you have posted under single multiple sub-parts, we solved your first 3 parts, for rest…

Q: Members of the sales team in XYZ join frequently for lunch with the wholesalers or with business…

A: In the given questions sales team interact with the Business owner at lunch. These meetings are not…

Q: Nature of the entity's business: For example, if the entity is a huge retailer having several…

A: Management accountant are those accountant who works within the company in order to present as well…

Q: Differentiate between centralized and decentralized operations

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Cable Network System Bhd (CNS) is a supplier of equipment to telecommunication companies such as…

A: Hey, since there are multiple sub parts posted, we will answer first three subparts alone.

Q: ROI is effective because it takes into consideration the three factors under the control of an…

A: All questions are done based on formulas given in question

Q: A department is a subdivision of a business that specializes in performing a major function such as…

A: Business can be dividend into three types. Service business Manufacturing business Retail business…

Q: Explaining decentralization Decentralization divides company operations into various reporting…

A: Decentralization is the process through which the activities or functions of an organization,…

Q: The term Supply Chain Management refers to: Designing a product Designing, producing and delivering…

A: Supply chain management refers to the flow of goods right from procuring the raw materials to…

Q: ges the inventories and provides other logistical services to the company s Business Systems Group.…

A: Introduction Responsibility accounting system is designed where subunit or investment center…

Q: Required: a) Advise the management by preparing a profit statement showing the profit for each of…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: details on Foriegn Direct Investment & Regional Economic Integration to reflect on companies'…

A: Foreign Direct Investment When we consider an FDI and its impact over a foreign country, we can…

Q: In a business where the divisions are organized as investment centers, discuss how a division that…

A: An investment Centre is in charge of revenues, expenses, and investments. As a result, it must be…

Q: Managerial accountants: a. are mainly score-keepers are internal consultants C. focus on calculating…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Question

The regional sales office manager of a national firm is most likely responsible for a(n)
revenue center
investment center
cost center
profit center

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Explanation:

VIEW

Answer:

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Differentiate between centralized and decentralized operations. Differentiate between a profit center and an investment center. 3. Weyerhaeuser developed a system that assigns service department expenses to user divisions on the basis of actual services consumed by the division. Here are a number of Weyerhaeuser's activities in its central Financial Services Department: Payroll Accounts payable Accounts receivable Database administration—report preparation For each activity, identify an activity base that could be used to charge user divisions for service. What is the major shortcoming of using income from operations as a performance measure for investment centers? In a decentralized company in which the divisions are organized as investment centers, how could a division be considered the least profitable even though it earned the largest amount of income from operations? How does using the return on investment facilitate comparability between divisions of decentralized…
Goodworks Software operates stores within five regions. Regional managers are held accountable for marketing, advertising, and sales decisions, and all costs incurred within their region. In addition, regional managers decide whether new stores will open, where the stores will be located, and whether the stores will lease or purchase the facilities. Store managers, in contrast, are accountable for marketing, advertising, and sales decisions, and costs incurred within their stores. Ideally, on the basis of this information, what type of responsibility center should the software company use to evaluate its regions and stores? (1) Regions; (2) Stores (1) Profit center; (2) Profit center (1) Profit center; (2) Revenue center (1) Investment center; (2) Cost center (1) Investment center; (2) Profit center (1) Profit center; (2) Cost center
details on Foriegn Direct Investment & Regional Economic Integration to reflect on companies' decision making related to International operations
A system that establishes financial accountability for operating segments within an organization is called _______. A. a financial statement B. an internal control system C. responsibility accounting D. centralization
Which of the following terms means knowing how a business is run and how it is influenced by external forces, and knowing and understanding the overall industry? A. commercial awareness B. conceptualization C. collaboration D. imagination
Managers in decentralized organizations make decisions relating to all of the following except_______. A. the companys stock price B. equipment purchases C. personnel D. prices to charge customers
Which of the following does not describe a management control system? A. establishes a companys strategic goals B. implements a companys strategic goals C. monitors a companys strategic goals D. a system that only measures profitability
An important goal of a responsibility accounting framework is to help ensure which of the following? A. decision-making is made by the top executives. B. investments made by each segment are minimized. C. identification of operating segments that should be closed. D. segment and company financial goals are congruent.
In a centralized organization, where are goals established? A. at the lower level of the organization and promoted upward B. outside the organization based on best practices in the industry C. by each segment of the organization D. at the highest level of the organization and promoted downward
In centralized organizations, primary decisions are made by __________. A. an individual at the top of the organization B. various managers throughout the organization C. outside consultants D. low-level management
An effective managerial accounting system should track information about an organizations activities in which of the following areas? a. Development b. Marketing c. Production d. Design e. All of these.
Management accountants help the management of an organization in their planning function through ________________________________. monitoring anti-theft systems strategic planning evaluating costs analyzing profits