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Which of the statements is true of profit centers

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Reference no: EM132666318

Problem 1: Which of the following statements is true of profit centers?

a. These are responsibility centers that have responsibility over investment in assets.

b. These are responsibility centers that have responsibility over revenue, costs, and investment in assets.

c. These are responsibility centers that have responsibility over revenues and costs.

d. These are responsibility centers that have responsibility over costs.

Problem 2:  _____ is the excess of operating income over a minimum acceptable operating income.

a. Profit margin

b. Financial leverage

c. Residual income

d. Unearned income

Reference no: EM132666318

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