How does a profit center differ from a cost center

Assignment Help Financial Accounting
Reference no: EM13794366

What is a profit center? What is the controllable margin used for? How does a profit center differ from a cost center?

NO words limit......

Reference no: EM13794366

Questions Cloud

Outsourcing manufacturing and product development : What distinctives should a Christian business espouse when considering outsourcing manufacturing and product development? How could a Christian business use outsourcing to help support poor nations and economies, global missions and evangelism?
Budgeting supports the planning process by encouraging : Budgeting supports the planning process by encouraging all of the following activities except:
Sit to reduce the level to 110 decibels : How many times louder is a 60 decibal sound than a 20 decibal sound? 2) How many times more energy is released by a magnitude 6 earthquake than by a a magnitude 2 earthquake?
How does a profit center differ from a cost center : What is a profit center? What is the controllable margin used for? How does a profit center differ from a cost center?
Characteristics of both a variable cost and a fixed cost : If sales are $500,000, variable costs are $200,000 and fixed costs are $240,000, what is the contribution margin ratio? A cost that has characteristics of both a variable cost and a fixed cost is called a:
Considered a part of factory overhead cost : Which of the following is considered a part of factory overhead cost? The term used to refer to the cost of changing direct materials into a finished manufactured product is:
Abiotic and biotic characteristics of the ecosystem : Describe the steps in the carbon cycle as an example of one biogeochemical cycle.
Data related to the expected sales of golf balls : What amount of sales of golf balls (in dozens) is required to reach the break- even point? What amount of sales of golf balls (in dozens) is required to reach the break- even point if a target profit of $40,000 is desired?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd