Cost centers - http://en.wikipedia.org/wiki/Cost_center
Profit center - http://en.wikipedia.org/wiki/Profit_center
Investment center - http://en.wikipedia.org/wiki/Investment_center
cost centre = the department which activities cash disbursement profit centre = the department which activities making cash
Cost Centre: It is that department in factory where all costs are pooled or costs are allocated. Profit Centre: Is is that department where only profit is pooled like sales department.
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
there no difference between break even profit analysis and cost volume profit analysis
Difference between revenue from sales and cost of goods sold is called "Gross profit".
Kindly refer any book for the answer
Give me an example of a cost center, a profit center, and an investment center for FedEx?
To monitor,and make accountable, the management team for that Cost/Profit/Investment center.
return is calculate against investment. profit is calculte against cost.
cost center investment center profit center revenue center
Yield is return or revenue on investment, profit is Yield minus expenses or tax. It may not cover every form of investment, but in general it should show the diff.
cost centre = the department which activities cash disbursement profit centre = the department which activities making cash
Cost Centre: It is that department in factory where all costs are pooled or costs are allocated. Profit Centre: Is is that department where only profit is pooled like sales department.
There is no difference.
No difference.
center
What is difference between trust run and for-profit hospitals