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
return is calculate against investment. profit is calculte against cost.
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.
cost center investment center profit center revenue center
cost centre = the department which activities cash disbursement profit centre = the department which activities making cash
The rate of return is a percentage that shows how much an investment has gained or lost over a specific period, while the return on investment is a ratio that compares the profit of an investment to its cost.
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.
No difference.
center
What is difference between trust run and for-profit hospitals
Profit refers to the financial gain made from a business transaction after all expenses have been deducted. Yield, on the other hand, typically refers to the return on an investment, usually expressed as a percentage. While profit is a measure of actual earnings, yield is a measure of the return on investment relative to the initial investment.