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What is a responsibility center that incurs costs and expenses and generates revenues?

It is a Profit Center


What type of account is payroll tax expense?

Payroll tax expense is classified as an expense account on the income statement. It reflects the costs a company incurs for payroll taxes related to its employees, including Social Security, Medicare, and unemployment taxes. This account is typically categorized under operating expenses, as it directly relates to the cost of employing staff.


When a business if calculating its operating costs it must include?

When a business is calculating its operating costs, it must include fixed costs such as rent, salaries, and utilities, as well as variable costs like raw materials, production expenses, and shipping. Additionally, it should account for indirect costs such as administrative expenses and marketing. Accurate assessment of these costs is crucial for determining profitability and making informed financial decisions.


Does Littlewoods Direct have a decent price on shipping costs?

Shipping charges on Littlewoods Direct vary depending on the type of goods purchased. However, one can offset shipping costs on one's first purchase by taking advantage of the 10% discount offered for first-time buyers.


What is unreimbursable cost?

Unreimbursable costs refer to expenses that cannot be recovered or reimbursed by a third party, such as an employer or insurance provider. These costs are typically borne solely by the individual or organization that incurs them. Examples include personal expenses or certain operational costs that are not eligible for reimbursement under contracts or agreements. Understanding unreimbursable costs is important for budgeting and financial planning.

Related Questions

What accounts might iTunes use when it incurs shipping costs on account?

your apple account


When you buy an app for your iPod touch 3rd generation does the money that it costs take out of your iTunes account if you have money on there or does it take from your credit card?

It takes out on your I tunes account.


What is a responsibility center that incurs costs and expenses and generates revenues?

It is a Profit Center


Where can one download the movie Leatherheads?

Someone can download the movie Leatherheads from iTunes. The movie costs $9.99 to purchase and requires an iTunes account to purchase and watch. iTunes customers give Leatherheads three starts, from 86 ratings.


A unit of a business that not only incurs costs but also generates revenues is called a?

profit center


What does General Pants charge for shipping?

The price of shipping depends on where they are shipping to. Orders over $75 are shipped for free. Within Australia, shipping costs $10 on orders under $75. Shipping costs $20 to New Zealand. It costs $25 to ship to other international places.


Where can one obtain a quote for car shipping costs?

You can obtain a quote for car shipping costs online at websites like Uship, MoveMyCar and CarMoves. You can also get a quote for car shipping costs from UPS.


What type of account is payroll tax expense?

Payroll tax expense is classified as an expense account on the income statement. It reflects the costs a company incurs for payroll taxes related to its employees, including Social Security, Medicare, and unemployment taxes. This account is typically categorized under operating expenses, as it directly relates to the cost of employing staff.


What are deployment costs?

The cost that a business or organization incurs when implementing a new system or process. For example when a company decides to upgrade its computers, the cost to do so are the deployment costs.


Overseas Shipping Costs?

form_title= Overseas Shipping Costs form_header= Calculate what your move will cost with help from the pros. Where are you moving to?*= _ [50] What are you shipping?*= _ [50] What is the weight of your shipments?*= _ [50]


Does iTunes cost money?

no it is free but it costs to buy things from itunes.


Can you capitalize shipping costs?

Yes but only if it's fob shipping point