Define an expense centre. What is the suitability of the measure of performance in an expense centre?
Question:
Define an expense centre. What is the suitability of the measure of performance in an expense centre?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
An expense center is a specific organizational unit or department within a company that is responsib...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
Question Posted:
Students also viewed these Business questions
-
Describe five different risks that you considered to data and services you set up and used in the static and dynamic web hosting solutions that you built. Describe the risk assessment process that...
-
1456HHSC attend all (a) In the quantum teleportation protocol, Alice and Bob are every in possession of one qubit of a couple in the joint country00i + statei. Explain how the protocol works. In...
-
Yellow Blaze Candle Shops provides a full line of various types of candles and accessories such as candleholders. Yellow Blaze has 150 shops in shopping malls and strip malls throughout the country....
-
Identify each process as endothermic or exothermic and indicate the sign of H. (a) Sweat evaporating from skin (b) Water freezing in a freezer (c) Wood burning in a fire
-
What are the basic tax rates for an individual and a corporation?
-
Engineers in charge of maintaining our nuclear fleet must continually check for corrosion inside the pipes that are part of the cooling systems. The inside con-dition of the pipes cannot be observed...
-
Identify the functions pertaining to the executing and the recording of purchases and cash disbursements transactions and custody of related assets.
-
The following information is available for Ramos Corporation for the year ended December 31, 2014. Beginning cash balance....................... $ 45,000 Accounts payable...
-
Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 6,000 units of cell phones are as follows: Variable costs per...
-
What kind of performance is measured in profit centres? What are the criteria for evaluating that performance?
-
What is responsibility accounting? Discuss its significance in divisional performance measurement.
-
How many heartbeats are there in a lifetime?
-
Hot water at \(80^{\circ} \mathrm{C}\) flows through a thin-walled copper tube of \(30-\mathrm{mm}\) diameter. The tube is enclosed by an eccentric cylindrical shell that is maintained at...
-
A double-glazed window consists of two sheets of glass separated by an \(L=0.2-\mathrm{mm}\)-thick gap. The gap is evacuated, eliminating conduction and convection across the gap. Small cylindrical...
-
A cubical glass melting furnace has exterior dimensions of width \(W=5 \mathrm{~m}\) on a side and is constructed from refractory brick of thickness \(L=0.35 \mathrm{~m}\) and thermal conductivity...
-
The LCD screen on a popular smartphone has the following operating life characteristic where outcomes, x, of the random variable X measure the operating life of the screen, measured in 100,000 hour...
-
Consider an economy with politicians, voters, and a bank.Following the argument of the Nordhaus-MacRae model that politicians conduct credit policy through the bank under their control prior to...
-
Grogans inventory increased by $50,000 during the year, and its accounts payable increased by $35,000, indicate how each of those changes would be reflected on a statement of cash flows prepared...
-
On July 1, 2011, Flashlight Corporation sold equipment it had recently purchased to an unaffiliated company for $480,000. The equipment had a book value on Flashlights books of $390,000 and a...
-
Comment on the following statement: Ultimately, the high cost of marketing is due only to consumers.
-
Distinguish clearly between a marketing strategy and a marketing plan. If a firm has a really good strategy, does it need to worry about developing a written plan?
-
How far should the marketing concept go? How should we decide this issue?
-
Purchases of raw materials on credit: $12,000; includes $11,000 for direct materials and $1,000 for indirect materials. Sales of finished goods for the month, all on credit: $35,000. Payment of...
-
As we learn about the core concepts of economics- supply and demand, what are some implications on the healthcare industry? With the growing aging population (i.e baby boomers), the increase in life...
-
What are the retail banking liabilities product based on Maslow theory of needs hierarchy?
Study smarter with the SolutionInn App