I am getting confused with Revenue center and profit center. Please explain their difference (include other three centers, sometimes I get confused as well ) And give examples for them.
The main difference between the profit center and the revenue center is highlighted.
types | meaning | example |
5 | A responsibility center is a unit of an Organisation for which a particular executive has direct responsibility for its performance. | |
cost center | Cost center is a responsibility center for which costs are accumulated. | Human resourse department of an organisation. |
Here managers are responsible for cost incurred only. | ||
This could be a location, a person, a product. | ||
revenue center | A responsibility center for which only revenues are accumulated. It is devoted to only raising revenue and is not concerned with anything else. | sales center |
Profit Centre | Here both cost and revenues are accumulated. The manager must be able to control both costs and revenues. This is a strategic business unit of the organization, whose aim is to maximize profits | Supermarket having a different department like men's clothing, women's clothing, toys,etc |
The main objective is to maximize the center's profit(revenue - expenses) | ||
contribution center | Here the contribution i.e., the difference between sales and variable costs is accumulated. | manufacturing units which manufactures pens and has fixed expenses like electrcity, which are unavoidable and not controlled by the manager. |
Manager has no control over fixed expenses, but can control variables expenses and sales. | ||
he/she can increase sales or decrease variable expenses | ||
investment center | Here the cost, revenue, and investments in assets are accumulated. | a subsidiary company or a separate division in the organisation |
The aim here is to maximize the centre's return on investment | ||
The manager has the most responsibility than any other responsibility center. | ||
HOPE THIS WAS HELPFUL. A LOT OF EFFORT HAS BEEN PUT INTO THIS TO MAKE IT EASILY UNDERSTANDABLE. INCASE OF DOUBTS, GET BACK TO ME. DO CONSIDER GIVING THIS A THUMBS UP. |
I am getting confused with Revenue center and profit center. Please explain their difference (include other...
I am writing chemical formulas using elements and I have to name them. I am getting confused as to when to use the prefix because sometimes they are omitted. For example if given N^4+ O when you name it it becomes NO2 (nitrogen dioxide ) where did the number 4 go and why did O gain a number 2
Please explain the solution with many more steps, I am confused!
thanks
I am getting confused about the formulas for variation explained by x. I thought that this was equal to r^2, but later on in my lecture notes it says that variation explained by x is given by SSM = SST - SSE = b^2 times Sxx but this equals r^2 times SST. Please could you clarify for me the formulas for variation explained by x (SSM), the total variation (SST) and the error variation (SSE) and where I am going...
Please try to explain this like I am a
toddler. I am VERY confused... :/
Il Review | Constants Periodic Part A and initial SCN-concentration was 1.10x10-03 M. Use the mean value of 535 for Keq to calculate the SCN- concentration in a solution whose initial Fe3+ concentration was 3.50x10-02 M Fe3+ + SCN- = FeNCS2+ IVO ACO O 2 ? 2 • 10-2 Submit Previous Answers Request Answer
Please show the arrows on how to achieve the answer. I am
getting very confused about the role of NaOH/heat and NaOH/Br2.
Thanks
42. What reagents are needed to complete the following synthesis? OH A) 1. NaOH / heat, 2. HCl (aq) B) 1. NaOH / Br2, 2. HCl (aq) C) 1. warm conc. KMnO4 /NaOH, 2. HCl (aq) D) 1. Ag(NH3)2OH, 2. HCl (aq)
I am a bit confused, could you please in a few sentences explain the differences between alpha and beta glycosidic linkages?
EXPLAIN VERY CAREFULLY AND
INCLUDE ALL CONCEPTS. I AM VERY CONFUSED ABOUT DIODES.
(nano) 3. For the circuit below, plot Vout vs. Vin for -5 SVin s5. Vd .7 Vin + Vout IK R2
Please explain the best you can- I am trying to learn this but I am very confused.
Please help with parts a-d if
possible. I am very confused.
14. Suppose that there exists integers a and b with no common divisors such that a2b2 (a) Explain why at most one of a and b is even. (b) Explain why a must be even. (c) Explain why part (b) implies that b must be even as well. (d) Explain the contradiction between parts (a), (b), and (c)
In a few sentences please explain the difference between US health care system and that of other countries. Please include examples. An example could be comparing the healthcare here in the USA to countries that have universal healthcare. Examples and detailed explanation needed You can even compare cost as one of the examples, but I would appreciate a few different examples along with explanations to them. Thank you