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  3. 5) in a profit center, the manager has responsibil

5) In a profit center, the manager has responsibility and authority for making decisions that...

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Accounting

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5) In a profit center, the manager has responsibility and authority for making decisions that affect: A. liabilities B. assets C. equityD. costs 6) Operating expenses directly traceable to or incurred for the sole benef of a specific department and usually subject to the control of the department manager are termed: A) Miscellaneous administrative expenses B) Direct expenses C) Indirect expenses D) Operating expenses 7) Suggested bases for charging expenses in arriving at operating income by departments include time devoted to departments, floor space occupied, and departmental sales. The most appropriate allocation basis for rent expense w A) Floor space occupied B) Departmental sales C) Either time devoted to departments or departmental sales D) Time devoted to departments 8) The rate of return on invest turnover by the profit margin. T or F ment may be computed by multiplying investment

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