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Definition of 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
The location of five New York futures exchanges: Commodity
Bond issued by local government agencies on behalf of corporations.
Banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds.
A central financial subsidiary used by an MNC to reduce transaction exposure by having
A bond issued by a municipality to finance either a project or an enterprise where the issuer
A fund accounting for all revenues from an enterprise financed by a municipal revenue bond.
Total sales and other revenue for the period shown. Known as "turnover" in the UK.
The amount sold after customers’ returns, sales discounts, and other allowances are taken away from
Income earned from the sale of goods and services.
Amounts earned by the company from the sale of merchandise or services; often used interchangeably with the term sales.
Money that has been paid by customers for work yet to be done or goods yet to be provided.
Operating expenses that vary in proportion to
a segment of the production or service
a responsibility center in which the manager has
the revenue resulting from an additional contemplated sale
a responsibility center in which the manager
a responsibility center in which managers are responsible for generating revenues and planning and controlling all expenses
pseudo microprofit center
a center for which a surrogate
real microprofit center
a center whose output has a market value
a cost object under the control of a manager
An entity within a corporation against which both revenues and costs are
An inflow of cash, accounts receivable, or barter from a customer in exchange
A payment from a customer that cannot yet be recognized as earned
Internal Revenue Code
Refers to all federal tax laws as a group.
Internal Revenue Service
A federal agency empowered by Congress to interpret and enforce tax-related laws.
revenue recognized on a nonexistent sale or service transaction.
revenue recognized for a confirmed sale or service transaction in a period
Realizable Revenue A revenue transaction where assets received in exchange for goods and
services are readily convertible into known amounts of cash or claims to cash.
A revenue transaction where goods and services are exchanged for cash or
The act of recording revenue in the financial statements. revenue should
Sales Revenue Revenue recognized from the sales of products as opposed to the provision of
revenue recognized from the provision of services as opposed to the sale of
A branch warehouse containing finished goods and service
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