Purchase Solution

Purchasing agent, responsibility accounting, ROI and profit

Not what you're looking for?

Ask Custom Question

9-A1, 9-A2, and 10-A1 attached.

Responsibility of a Purchasing Agent
Contribution Approach to Responsibility Accounting
ROI and Economic Profit Calculations

Attachments
Purchase this Solution
Solution Summary

This solution is comprised of a detailed explanation to compute the return on sales, the capital turnover, and the return on investment (ROI).

Solution Preview

See attached files for complete responses.

9-A1

The final inspection department of Excel's supplier should bear the penalty because Schlinger has already checked up several times and was assured that the component would arrive at Excel on schedule. It is the final inspection department's fault that damaged the component during the inspection.

10-A1 ROI and Economic Profit Calculations

1. For each division, compute the ...

Purchase this Solution
Free BrainMass Quizzes
Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

View More Free Quizzes
Related BrainMass Solutions

  • Revenue, Responsibility Accounting, Return on Investment and Divisional Performance

    104259 Revenue, Responsibility Accounting, Return on Investment and Divisional Performance Divisional contribution Margin $700,000 Profit Margin Controllable 320,000 Profit Margin traceable 294,400 Average assed

  • Sales margin, capital turnover, ROI, EVA

    An example would be Accounting department. An accounting department incurs costs and we may not be able to see the relationship between sales and the activities of the accounting department.

  • Purchasing Agents And Social Responsibility

    The solution is over 200 words long and addresses the social responsibility factors a purchasing agent may consider when deciding amongst suppliers.

  • Prepare a production budget and variances

    A newly opened plant, the Bellingham plant, produces and sells one product. The plant is treated, for responsibility accounting purposes, as a profit center.

  • Responsibility Centers

    Use of responsibility centers is one of the most established and widely used techniques in financial control. Responsibility accounting breaks a large organization into smaller, more easily manageable units known as responsibility centers.

  • FASB, Investors, and Disclosure

    Agreement between principal and agent 2. Intention of the agent to act on behalf of the principal. Duties of the Principal towards agent 1.

  • Responsibility Centers

    The assumption is that the purchasing manager, through management of factors such as inventory and purchasing discounts, exerts some control over average price paid. In a revenue center, sales price and sales volume are examined.

  • Seminar on cost volume profit analysis for non accountants

    A purchasing agent in charge of ordering raw materials for a large manufacturing company. The agent would be interested in knowing the right purchase price of ordering raw materials. For this he should understand the variable costs and fixed costs.

  • Fundamentals of Cost Accounting (XYZ Case Study)

    b Compute the direct material price variance, assuming the material price variance is the responsibility of the company's purchasing agent. c Prepare the journal entry to record the purchase of direct materials.

View More Related Solutions