Profit center

profit center
A division or department of a business whose managers are responsible for both revenues and expenses.
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profit center
a responsibility center in which managers are responsible for generating revenues and planning and controlling all expenses
pseudo microprofit center ...

Profit center: A responsibility center of the organization that is held responsible for the revenues and costs that it incurs, but not for capital investments. A product line is a likely profit center.
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Profit center
A division of an organization held responsible for producing its own profits.
Profit forecast ...

PROFIT CENTER
Some business units have control over both costs and revenues and are therefore evaluated on their profit outcomes.

Profit Center
The unit, usually a single contract, used by a contractor to measure profit or loss for accounting purposes.
Progress Billings ...

Dictionary Term
profit center
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Viewpoints
Understanding and Forecasting the Credit Cycle-Why the Mainstream Paradigm in Economics and Finance Collapsed
by Richard A. Werner ...

An internal cost accounting system or methodology that transfers a cost of funds expense to profit centers that generate assets and a credit for funds to profit centers that provide funding.

value placed on transfers within an organization, used as a means of allocating costs to various profit centers.

Report Format for A Profit Center
Illustration 25-22 on page 1090 shows the report format for a Profit center. The diagram below summarizes the contents of this type of report.
(Report Heading)
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Revenue minus cost. The amount one makes on a transaction.
Profit center
A division of an organization held responsible for producing its own profits.
Profit forecast ...

For example, future managers could participate in industry or civic groups, enroll in night school classes or attend seminars, take responsibility for a division or profit center, ...

profit center A business unit or department that is treated as a distinct entity enabling... profit margin The post-taxes net profit divided by total sales revenue, for a given 12-month period, expressed as a percentage.

See also: Expense, Banks, Cash out, Net sales, Values