The following list describes a variety of busi- ness situations: (a) A convenience store that is owned
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The following list describes a variety of busi- ness situations:
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(a) A convenience store that is owned by a chain organization. The goods to be sold and the selling prices are all determined by the corporate office. (b) The wing assembly department of a private airplane manufacturer. (c) The janitorial department of an office furniture manufacturer. (d) The women's shoe department in a large retail store. The buyer, an assistant department manager, decides which styles, sizes, etc., are purchased. The department supervisor sets selling prices. (e) The marketing department of a local TV station. (f) The purchasing department for a large electronics company. (g) The parts department of an automobile dealership. (h) The PC product line of a major computer manufacturer that is organized by product lines. (i) The technical support department for a large computer software company. Customers call an 800 number and ask questions about problems they are experiencing with software purchased from the company. (j) The car pool operation for a city government. City officials needing cars check them out for the days of travel. Required: For each business segment, indicate how it is most likely to be organized, as a cost center, a profit center, or an investment center. State any additional assumptions you feel are necessary to clarify a situation.
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Related Book For
Managerial Accounting
ISBN: 9780538842822
9th Edition
Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson
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