Definition: A profit center is a business unit or segment that generates revenues and incurs costs. In other words, it’s a department that uses company resources to generate income. You can think of this as a segment that earns money or creates sales for the business.What...
A profit center is a part of a company that is expected to make more money than it spends. Accounting for a profit center must be...
A profit center is a part of a business that generates revenue while also taking on its own costs, making it possible to calculate the department's profit as a self-contained unit. Profit centers may include a general or specific field in which a business operates or a specific market that...
A profit center is a subunit of a company that is responsible for revenues and costs. If a division of a company has responsibility for revenues, costs, and the resulting profits, it is a profit center. Additional Comments Cost centers and profit centers are usually associated with planning an...
What is a Profit Center? How do I Make a Profit? What is a Gross Profit Rate? Discussion Comments SmartCapitalMind, in your inbox Our latest articles, guides, and more, delivered daily. Subscribe Categories Finance Taxation Marketing
What is a Profit Center? What is a Revenue Center? Discussion Comments SmartCapitalMind, in your inbox Our latest articles, guides, and more, delivered daily. Subscribe Categories Finance Taxation Marketing HR Accounting Economy Get Around
Even a special machine could be a separate cost center. Cost centers are usually associated with the topics of decentralization, responsibility accounting, and planning and control. Related Questions What is the difference between a cost center and a profit center? What is a responsibility center?
An investment center is a specific unit or division within an organization that is responsible for generating revenues, incurring expenses, and managing its own investable funds. It operates as a separate entity within the larger framework of the company, with the authority to make independent finan...
At Not-for-Profit Center, the Team Is What MattersRead the full-text online article and more details about At Not-for-Profit Center, the Team Is What Matters.By Levin
When people see a sentence in English, they enjoy a link words to each other. Because of this linking the words in a sentence do not always sound the same as we they are said individually. Sound leaking is probably the biggest problem for learns of English. When they try to understand ...