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Cost center is a non-revenue producing element of an organization where costs are separately figured and allocated and for which someone is held personally responsible. And a revenue center is distinctly identifiable place, department or unit that directly generates the revenue through sales of good or services.
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What is net Interest?
Net Interest refers to the revenue that is got from the difference between cost of servicing liabilities and the revenue generated by assets that bear interest. This considered to be an excess revenue.
What is Gross margin operating income?
It is the difference between revenue from the business and the cost of making a product or providing a service. This is the number before you deduct all expenses.
What is the difference between gross margin and net profit?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Revenue - Cost of Sales Net Profit = Revenue - Expenses Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales. The Net Profit, on the other hand, is Revenue minus ALL Expenses (including cost of sales).
What is seignorage?
Seignorage is the net revenue that is derived from issuing currence. For exampe, with coins; the seignorage is the difference between the face value of the coin, less the cost of producing, distributing and retiring the coin from circulation.
What are the key components of a profit loss statement for a small business?
A profit and loss statement for a small business typically includes revenue, expenses, gross profit, operating income, and net profit. Revenue represents the money earned from sales, while expenses are the costs incurred to generate that revenue. Gross profit is the difference between revenue and the cost of goods sold. Operating income is the profit after deducting operating expenses, and net profit is the final amount after all expenses are subtracted from revenue.
What is the difference between Cost of revenue and revenue?
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The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
What is the difference between a revenue center and an expense center as it relates to a human service organization?
A revenue center is where the program manager focuses on bringing in revenue for the program, and an expenses center is where a program manager is responsible for their own expenses. Having a center that is responsible for their own expenses helps keep cost down as they are an everyday part of the program managers job, revenue center also help subsidize programs which can be used to allow flexible cost on certain target groups.
What is the difference between cost and revenue?
Revenue is the profit made from an activity, while cost is the price something is.
What is the difference between budget center and cost center?
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What is called the difference between the value that an activity generates and the cost of the activity?
revenue
The difference between total revenue and total cost?
profit or loss
Is an Emergency Room a cost or revenue centers?
Cost center.
What is difference between cost center profit center?
Cost Center: it is that department of a company whose manager is responsible for cost spending only like production department.Revenue Center: it is that department whose manager is only responsible for revenue for example sales department.Profit Center: it is that department whose manager responsible for cost as well as revenue of department that department is called profit centre like "Autonomous Business Units".
What is net Interest?
Net Interest refers to the revenue that is got from the difference between cost of servicing liabilities and the revenue generated by assets that bear interest. This considered to be an excess revenue.
What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
What are examples for responsibility centers?
cost center investment center profit center revenue center
