Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)
6th Edition
ISBN: 9780134486857
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 24, Problem 2QC
The Quaker Foods division of PepsiCo is most likely treated as a(n)
- a. revenue center.
- b. cost center.
- c. investment center.
- d. profit center.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
The Quaker Foods division of PepsiCo is most likely treated as a(n)
a. revenue center.
b. cost center.
c. investment center.
d. profit center.
The Quaker Foods division of PepsiCo is most likely treated as a(n)
revenue center.
cost center.
investment center.
profit center.
The Cadillac division of General Motors is considered:
a) a cost center
b) a profit center
c) an investment center
d) a center that will be evaluated on profit margin
Chapter 24 Solutions
Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)
Ch. 24 - Prob. 1TICh. 24 - Fill in the blanks with the phrase that best...Ch. 24 - Prob. 3TICh. 24 - Fill in the blanks with the phrase that best...Ch. 24 - Prob. 5TICh. 24 - Fill in the blanks with the phrase that best...Ch. 24 - Prob. 7TICh. 24 - Prob. 8TICh. 24 - Prob. 9TICh. 24 - Prob. 10TI
Ch. 24 - Prob. 11TICh. 24 - Prob. 12TICh. 24 - Prob. 13TICh. 24 - Match the responsibility center to the correct...Ch. 24 - Prob. 15TICh. 24 - Prob. 16TICh. 24 - Prob. 17TICh. 24 - Prob. 18TICh. 24 - Prob. 19TICh. 24 - Prob. 20TICh. 24 - Sheffield Company manufactures power tools. The...Ch. 24 - Prob. 22TICh. 24 - Which is not one of the potential advantages of...Ch. 24 - The Quaker Foods division of PepsiCo is most...Ch. 24 - Which of the following is not a goal of...Ch. 24 - Which of the following balanced scorecard...Ch. 24 - The performance evaluation of a cost center is...Ch. 24 - Assume the Residential Division of Kipper Faucets...Ch. 24 - Assume the Residential Division of Kipper Faucets...Ch. 24 - Assume the Residential Division of Kipper Faucets...Ch. 24 - Assume the Residential Division of Kipper Faucets...Ch. 24 - Penn Company has a division that manufactures a...Ch. 24 - Explain the difference between a centralized...Ch. 24 - Prob. 2RQCh. 24 - List the disadvantages of decentralization.Ch. 24 - What is goal congruence?Ch. 24 - Prob. 5RQCh. 24 - What is the purpose of a responsibility accounting...Ch. 24 - Prob. 7RQCh. 24 - Prob. 8RQCh. 24 - Prob. 9RQCh. 24 - What are the goals of a performance evaluation...Ch. 24 - Prob. 11RQCh. 24 - How is the use of a balanced scorecard as a...Ch. 24 - What is a key performance indicator?Ch. 24 - What are the four perspectives of the balanced...Ch. 24 - Explain the difference between a controllable and...Ch. 24 - Prob. 16RQCh. 24 - What are two key performance indicators used to...Ch. 24 - Prob. 18RQCh. 24 - Prob. 19RQCh. 24 - Prob. 20RQCh. 24 - Prob. 21RQCh. 24 - Prob. 22RQCh. 24 - What is the biggest advantage of using RI to...Ch. 24 - What are some limitations of financial performance...Ch. 24 - Prob. 25RQCh. 24 - Prob. 26RQCh. 24 - Prob. 27RQCh. 24 - Prob. 1SECh. 24 - Prob. 2SECh. 24 - Well-designed performance evaluation systems...Ch. 24 - Consider the following key performance indicators,...Ch. 24 - Management by exception is a term often used in...Ch. 24 - Consider the following data, and determine which...Ch. 24 - XTreme Sports Company makes snowboards, downhill...Ch. 24 - Prob. 8SECh. 24 - Using ROI and RI to evaluate investment centers...Ch. 24 - Henderson Company manufactures electronics. The...Ch. 24 - Prob. 11ECh. 24 - Prob. 12ECh. 24 - Well-designed performance evaluation systems...Ch. 24 - Consider the following key performance indicators,...Ch. 24 - One subunit of Harris Sports Company had the...Ch. 24 - The accountant for a subunit of Speed Sports...Ch. 24 - Zims, a national manufacturer of lawn-mowing and...Ch. 24 - Refer to the data in Exercise E24-17. Calculate...Ch. 24 - Prob. 19ECh. 24 - One subunit of Racer Sports Company had the...Ch. 24 - Consider the following condensed financial...Ch. 24 - Prob. 22APCh. 24 - The Harris Company is decentralized, and divisions...Ch. 24 - One subunit of Track Sports Company had the...Ch. 24 - Consider the following condensed financial...Ch. 24 - Prob. 26BPCh. 24 - The Hernandez Company is decentralized, and...Ch. 24 - Prob. 28PCh. 24 - This problem continues the Piedmont Computer...Ch. 24 - The Trolley Toy Company manufactures toy building...Ch. 24 - Dixie Irwin is the department manager for...Ch. 24 - Prob. 1FCCh. 24 - In 150 words or fewer, list each of the four...
Additional Business Textbook Solutions
Find more solutions based on key concepts
E6-14 Using accounting vocabulary
Learning Objective 1, 2
Match the accounting terms with the corresponding d...
Horngren's Accounting (11th Edition)
Fundamental and Enhancing Characteristics. Identify whether the following items are fundamental characteristics...
Intermediate Accounting
What are assets limited as to use and how do they differ from restricted assets?
Accounting For Governmental & Nonprofit Entities
Interest-bearing notes payable with year-end adjustments P1 Keesha Co. borrows $200,000 cash on November 1, 201...
Financial Accounting: Information for Decisions
Calculate profit margin on sales ratio. (LO 5). Suppose a firm had sales of $200,000 and net income of $7,000 f...
Financial Accounting
Place the letter of the appropriate accounting cost in Column 2 in the blank next to each decision category in ...
Fundamentals Of Cost Accounting (6th Edition)
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
- 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 publisherarrow_forwardWhich of the following statements is true? I. A packaging department is most likely a cost center. II. In a profit center, the manager is most likely in-charge of investments, revenues and costs. III. The cafeteria in the college is most likely a profit center. IV. A business unit within a business is an example of a revenue center a. All but II b. I only c. All statements are true d. All but II and III e. I and II only Clear my choicearrow_forwardWhat distinguishes a profit center from a cost center? a. Profit centers have revenues and expenses b. Profit centers have personnel costs Cc. ost centers are on the second floor d. Profit centers are the most important operations in the businessarrow_forward
- The accounting department for Target Stores may be classified as a(n) profit center. revenue center. cost center. investment center.arrow_forwardIdentify the type of responsibility center (revenue center, cost center, profit center, or investment center) for each of the following situations. the legal department for Avon Manufacturing. Cost center the Macy’s store in Mansfield, Ohio Investment center the food and beverage division of the Best Western the marketing department of the Hershey Company the Walmart #5030 on Central Avenue in Toledo, Ohio Apple’s Braeburn Capital Inc., where most of Apple’s billions of dollars are invested Zappo’s department store the men’s clothing department in the Walmart #5030 in Toledo, Ohioarrow_forwardManagers 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 customersarrow_forward
- 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, Michiganarrow_forwardThe cost centre investment centre is a business sector that is responsible for all of its income and costs. Manufacturing centre profit centre.arrow_forwardXerox Corporation has been an innovator in its responsibility-accounting system. In one initiative, management changed the responsibility-centre orientation of its Logistics and Distribution Department from a cost centre to a profit The department manages the inventories and provides other logistical services to the company’s Business Systems Group. Formerly, the manager of the Logistics and Distribution Department was held accountable for adherence to an operating expense budget. Now the department “sells” its services to the company’s other segments, and the department’s manager is evaluated partially on the basis of the department’s profit. Xerox Corporation’s management feels that the change has been beneficial. The change has resulted in more innovative thinking in the development and has moved decision making down to lower levels in the company. Required: Comment on the new responsibility-centre designation for the Logistics and Distribution Department.arrow_forward
- Computer controlled machining system is an example about which of the following primary activities of a firm value chain? a. Outbound logistics b. Service c. Operations d. Sales _______ is one of the basic business functions: a. Sales. b. Suppliers. c. Customers. d. CRM.arrow_forwardA segment of a business responsible for both revenues and expenses would be called: Multiple Choice a cost center. a profit center. residual income. an investment center.arrow_forwardThe accounting department of a manufacturing company is a(n) investment center. cost center. segment. profit center.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax CollegeManagerial AccountingAccountingISBN:9781337912020Author:Carl Warren, Ph.d. Cma William B. TaylerPublisher:South-Western College PubFinancial And Managerial AccountingAccountingISBN:9781337902663Author:WARREN, Carl S.Publisher:Cengage Learning,
Principles of Accounting Volume 2
Accounting
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax College
Managerial Accounting
Accounting
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:South-Western College Pub
Financial And Managerial Accounting
Accounting
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:Cengage Learning,
GE McKinsey Matrix for SBU Strategies; Author: Wolters World;https://www.youtube.com/watch?v=FffD1Ze76JQ;License: Standard Youtube License