Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 9, Problem 6MC
Segments are uniquely identifiable components of the business and can be categorized by all of the following except _______.
A. products produced
B. services provided
C. geographical location
D. number of employees
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
The value chain is the sequence of business functions in which
A. value is deducted from the products or services of an organization
B. usefulness is added to the products or services of an organization
producing and delivering the product or service is of prime importance
products and services are evaluated with respect to their value to the supply chain
O C.
O D.
Define segments and explain how defining segments within a company can help with management. Define
In accounting, an economic entity may be defined as-
a. a business enterprise c. an individualb. a division within a business enterprise d. any of these
Chapter 9 Solutions
Principles of Accounting Volume 2
Ch. 9 - Which of the following is nor a common goal of an...Ch. 9 - Which of the following does not describe a...Ch. 9 - In centralized organizations, primary decisions...Ch. 9 - A key advantage of a decentralized organization is...Ch. 9 - Strategic decisions occur ______. A. frequently...Ch. 9 - Segments are uniquely identifiable components of...Ch. 9 - Organizational charts _____. A. list the salaries...Ch. 9 - In a centralized organization, where are goals...Ch. 9 - Managers in decentralized organizations make...Ch. 9 - Which of the following is not a type of...
Ch. 9 - A system that establishes financial accountability...Ch. 9 - A responsibility center in which managers are held...Ch. 9 - A responsibility center structure that considers...Ch. 9 - An important goal of a responsibility accounting...Ch. 9 - Costs that a company or manager can influence are...Ch. 9 - An example of an uncontrollable cost would include...Ch. 9 - Internal costs that are charged to the segments of...Ch. 9 - A transfer pricing arrangement that uses the price...Ch. 9 - A transfer pricing structure that considers the...Ch. 9 - What is a management control system? What are its...Ch. 9 - Identify and describe the levels of management,...Ch. 9 - Discuss the difference between centralized and...Ch. 9 - Identity a company where you recently shopped....Ch. 9 - Discuss the difference between daily and strategic...Ch. 9 - Define segments and describe how identifying...Ch. 9 - Choose a company and describe how a specific...Ch. 9 - Choose a company and explain how a specific issue,...Ch. 9 - Assume you are the manager of a local Starbucks....Ch. 9 - Assume you are the manager of a local Starbucks....Ch. 9 - Lavell started out mowing lawns in the...Ch. 9 - Describe the concept of responsibility accounting.Ch. 9 - Describe the concept of a cost center and, using a...Ch. 9 - Describe the concept of a profit center and, using...Ch. 9 - Explain the benefits of a return on investment...Ch. 9 - Explain the benefits of a residual income...Ch. 9 - Discuss the concept of controllable and...Ch. 9 - Discuss the concept of transfer pricing.Ch. 9 - Discuss the advantages and disadvantages of a...Ch. 9 - Discuss the advantages and disadvantages of a...Ch. 9 - Discuss the advantages and disadvantages of a...Ch. 9 - Assume you have been hired by Hilton Hotels and...Ch. 9 - Consider the national nonprofit organization the...Ch. 9 - The following information is from Bluff Run Golf...Ch. 9 - The following information is from Daves Sporting...Ch. 9 - Assume you are the department B manager for...Ch. 9 - As manager of department B in MarIeys...Ch. 9 - Based on your research of the market in the...Ch. 9 - Using the information in the previous exercises...Ch. 9 - Assume you have been hired by Cabelas Sporting...Ch. 9 - Assume you are the regional manager for a hotel...Ch. 9 - The following information is from Dessert Dynasty....Ch. 9 - The following information is from Good Read Books....Ch. 9 - Assume you are the warehouse manager for Vinnies...Ch. 9 - As manager of the warehouse for Vinnies Vinyls,...Ch. 9 - Discuss how, as warehouse manager for Vinnies...Ch. 9 - Determine the operating income for Vinnies Vinyls...Ch. 9 - Use the following information to answer the...Ch. 9 - The income statement comparison for Forklift...Ch. 9 - Assume you are the leather department manager at...Ch. 9 - Financial information for BDS Enterprises for the...Ch. 9 - Using the information from BDS Enterprises,...Ch. 9 - Management of Great Springs Bottled Water Company...Ch. 9 - The following revenue data were taken from the...Ch. 9 - Use the following information to answer the...Ch. 9 - The income statement comparison for Rush Delivery...Ch. 9 - Assume you are the manager for the semi-trucks...Ch. 9 - Financial information for Lighthizer Trading...Ch. 9 - Using the information for Lighthizer Trading...Ch. 9 - Management of Green Peak Tea Company has asked...Ch. 9 - The following revenue data were taken from the...Ch. 9 - You have just been elected president of a...
Additional Business Textbook Solutions
Find more solutions based on key concepts
Superior Construction, Inc. is a home builder in Arizona. Superior uses a job order costing system in which eac...
Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)
Cost allocation to divisions. Rembrandt Hotel Casino is situated on beautiful Lake Tahoe in Nevada. The comple...
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
E3-18 Comparing cash and accrual basis accounting and applying the revenue recognition principle
Learning Ob...
Horngren's Accounting (12th Edition)
Use ABC to allocate manufacturing overhead (Learning Objective 2) Several years after reengineering its product...
Managerial Accounting (5th Edition)
A bond with a face value of 250,000 and a quoted price of 98 has a selling price of a.250,098. b.245,000. c.255...
Financial Accounting (12th Edition) (What's New in Accounting)
Calculating certain information using the direct method (Learning Objective 4) 20-25 min. Trudeaus Marine, Inc....
Financial Accounting, Student Value Edition (5th 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
- Define segments and describe how identifying segments within a business might help manage the business.arrow_forwardIdentify three ways that accounting systems help align thegoals of employees and the goals of the organization.arrow_forwardis the segment of activity of a business which is responsible for both revenue and expenses. O a. Responsibility center b. Cost center c. Revenue center o d. Profit centerarrow_forward
- Explain an example of business segment.arrow_forwardWhich of the following is not a type of Management Report in QBO? Select one: a. Company Overview b. Expenses Performance c. Sales Performance d. Financial Reviewarrow_forwardWhich of the following statements is true for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organization)?a. Under U.S. GAAP, the company must base operating segments on geographic areas.b. Under IFRS, the company must base operating segments on product and service lines of business.c. Under U.S. GAAP, the company may choose to define operating segments on the basis of either products and services or geographic areas.d. Under IFRS, the company must refer to the core principle of IFRS 8 to determine operating segments.arrow_forward
- Which of the following does NOT describe management accounting?A. Emphasis on the pastB. Evaluation of products and their performance within the companyC. Externally focussedD. Often provided detailed informationarrow_forwardExplain the kinds/types of services rendered in each of these branches. Branches of Accounting: 1 ) Financial Accounting 2 ) Cost Accounting 3 ) Managerial Accounting.arrow_forwardClassify each of the following data as one of the three data types (categorical, ordinal, or quantitative.) Data Data type a. Customer name b. Customer satisfaction ranking c. Department d. Interest revenue e. Inventory cost f. Letter grades for coursework g. Number of units sold h. Political orientation (left, center, right) i. Product description j. Sales revenue k. Salesperson name l. Socioeconomic statusarrow_forward
- Two or more operating segments may be aggregated into a single operating segment if the segments have similar economic characteristics, and the segments are similar in which of the following respects: I. the nature of the products and services II. the nature of the production processes III. the type or class of customer for their products and services IV. the methods used to distribute their products or provide their services V. if applicable, the nature of the regulatory environment, for example, banking, insurance, or public utilitiesarrow_forwardQuestion based on Accounting Information System subject . 1. What are the four levels of activity in the pyramid representing the business organization ? distinguish between horizontal and vertical flows of information.2. What is the relationship among data, information and an information system?3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS)4. What are the characteristics of good or useful information?5. What are the levels of data hierarchy ?6. Distinguish the roles of internal and external auditors 7. Distinguish between the centralized and distributed approaches to organizing the IT function.arrow_forwardPLEASE ANSWER ALL 1. Management Accountinga. Is concerned with costing products.b. Is governed by generally accepted accounting principles.c. Pertains to the entity as a whole and is highly aggregated.d. Places emphasis on a special-purpose information. 2. What broad functions do management of an organization perform?a. Directing, manufacturing, and controllingb. Planning, directing, and controllingc. Planning, directing, and sellingd. Planning, manufacturing, and controlling 3. Management accounting information is generally prepared fora. Stockholders.b. Managers.c. Regulatory Agencies.d. Investors.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax CollegePrinciples of Cost AccountingAccountingISBN:9781305087408Author:Edward J. Vanderbeck, Maria R. MitchellPublisher:Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax College
Principles of Cost Accounting
Accounting
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Cengage Learning
The KEY to Understanding Financial Statements; Author: Accounting Stuff;https://www.youtube.com/watch?v=_F6a0ddbjtI;License: Standard Youtube License