# Definition of __Distribution center__

## Distribution center

A branch warehouse containing finished goods and service

items intended for **distribution** directly to customers.

# Related Terms:

a segment of the production or service

process for which management wants to separately report

the costs of the activities performed

The location of five New York futures exchanges: Commodity

Exchange, Inc. (COMEX), the New York Mercantile exchange (NYMEX), the New York Cotton Exchange,

the Coffee, Sugar and Cocoa exchange (CSC), and the New York futures exchange (NYFE). common size

statement A statement in which all items are expressed as a percentage of a base figure, useful for purposes of

analyzing trends and the changing relationship between financial statement items. For example, all items in

each year's income statement could be presented as a percentage of net sales.

a responsibility **center** in which the manager has

the authority to incur costs and is evaluated on the basis

of how well costs are controlled

A function that shows the probability that the random variable will

attain a value less than or equal to each value that the random variable can take on.

a cost incurred to warehouse, transport, or deliver a product or service

Inventory intended for shipment to customers, usually

comprised of finished goods and service items.

Payments from fund or corporate cash flow. May include dividends from earnings, capital

gains from sale of portfolio holdings and return of capital. Fund **distribution**s can be made by check or by

investing in additional shares. Funds are required to distribute capital gains (if any) to shareholders at least

once per year. Some Corporations offer Dividend Reinvestment Plans (DRP).

The organization of data to show how often certain values or ranges of values occur.

a responsibility **center** in which the manager

is responsible for generating revenues and planning

and controlling expenses and has the authority to acquire,

dispose of, and use plant assets to earn the highest rate

of return feasible on those assets within the confines and

to the support of the organization’s goals

A **distribution** where the logarithm of the variable follows a normal **distribution**.

Lognormal **distribution**s are used to describe returns calculated over periods of a year or more.

Banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds.

In statistics, a theoretical frequency

**distribution** for a set of variable data, usually represented by a bell-shaped

curve symmetrical about the mean.

A probability **distribution** for a continuous random variable that is forms a

symmetrical bell-shaped curve around the mean.

Also called a probability function, a function that describes all the values that the random variable can

take and the probability associated with each.

A list of all possible outcomes and the chance of each outcome

occurring

## probability distribution

a range of possible values for which each value has an assigned likelihood of occurrence

## profit center

a responsibility **center** in which managers are responsible for generating revenues and planning and controlling all expenses

## Profit center

An entity within a corporation against which both revenues and costs are

recorded. This results in a separate financial statement for each such entity, which

reveals a net profit or loss, as well as a return on any assets used by the entity.

## pseudo microprofit center

a **center** for which a surrogate

of market value must be used to measure output revenue

## real microprofit center

a **center** whose output has a market value

## Reinvoicing center

A central financial subsidiary used by an MNC to reduce transaction exposure by having

all home country exports billed in the home currency and then reinvoiced to each operating affililate in that

affiliate's local currency. It can also be used as a netting **center**.

## responsibility center

a cost object under the control of a manager

## revenue center

a responsibility **center** for which a manager is accountable only for the generation of revenues and has no control over setting selling prices, or budgeting or incurring costs

## Skewed distribution

Probability **distribution** in which an unequal number of observations lie below and

above the mean.

## Standardized normal distribution

A normal **distribution** with a mean of 0 and a standard deviation of 1.

**Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.**