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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883

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BuyFindarrow_forward

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883
Textbook Problem

Why should the factors under the control of the investment center manager (revenues, expenses, and invested assets) be considered in computing the return on investment?

To determine

Concept Introduction:

Cost center:

Cost center incurs costs and does not generate the revenue directlyInvestment Center:

Investment center takes care of revenue, cost and investment

Profit Center:

Profit center generate revenue and incur expenses

To Indicate:

The reason to consider all factors of investment centers

Explanation

Investment center takes care of revenue, cost and investment.

All the factors of investments centers (revenue, expenses and invested assets) should b...

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