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You are employed by Radisson Hotel as an accountant. The accounting manager is new to...

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Accounting

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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