Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Identify each responsibility center as a cost center, a revenue center, a profit center, or an investment center a. Baskin-Robbins is a subsidiary of Dunkin'

image text in transcribed

Identify each responsibility center as a cost center, a revenue center, a profit center, or an investment center a. Baskin-Robbins is a subsidiary of Dunkin' Brands, Dunkin' Brands owns and operates nearly 2,500 ice cream specialty stores in the United States b. The Legal Department of the Progressive Group of Insurance Companies prepares its budget and subsequent performance report on the basis of its expected expenses for the year The online division of David's Bridal, Inc. reports both revenues and expenses. Time Warner Inc's investor relations website provides operating and financial information to investors and other C. ?| d. interested parties e. The manager of the Speedway convenience store located on Verona Road in Madison, Wisconsin, is evaluated based on the store's revenues and expenses. f. A charter airline records revenues and expenses for each airplane each month. Each airplane's performance report shows its income, including its revenue and expenses g. The manager of the southeastern sales territory is evaluated based on a comparison of current period sales against budgeted sales vh. The Bakery Department of a Kroger grocery store reports income for the current year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Basics Of Quality Auditing

Authors: Ronald Blank

1st Edition

1138438863, 9781138438866

More Books

Students also viewed these Accounting questions