1- You are employed by Radisson Hotel as an accountant. The accounting manager is new to the...
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You are employed by Radisson Hotel as an accountant. The accounting manager is new to the organization and is not familiar with responsibility accounting. The accounting manager has been tasked with setting up a responsibility accounting structure for Radisson Hotels. The accounting manager has asked you to prepare some speaking points to present to management that include examples of an investment center, a profit center and a cost center. Also include the difference between a profit center and an investment center.
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Tactical Paint runs paint ball game courses. The following information was taken from their Green, Orange and Purple courses for the month of February. Complete the missing elements of their income statement. Tactical Paint Income Statement Month Ending February 28, 2022 Revenues Green Orange Purple Greens fees revenue $ 62,500 $ 89,000 $ 42,800 Outings Revenue #1 6,000 $ 28,000 Total Revenue $ 73,500 $ 95,000 $ 70,800 Expenses Landscaping $ 7,800 $ 14,200 6,400 Wages 43,900 #2 $ 32,600 Repairs and Maintenance 5,600 $ 2,600 $ 4,400 Fuel 3,100 $ 3,000 1,980 Utilities 1,800 3,000 1,650 Total Expenses 62,200 $ 79,100 $ 47,030 Operating Income $ 11,300 $ 15,900 #3#1 - Outings Revenue Input the amount of Outings Revenue with no commas or decimals. #2 - Wages Input the amount for Wages with no commas or decimals #3 - Operating Income Input the amount for Operating Income with no commas or decimals
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