0
Add your answer:
Earn +20 pts
When does a cost become an expense do all costs become expenses?
so all costs become expenses? explain it
What are the costs incurred in the day to day operations of an organization called?
There are costs incurred in the dad to day operations of all businesses and organizations. These costs are known as operation expenses and operating costs.
How can profits be measured?
To measure the profitability of a company you will first need to total all business sales minus the sales tax the company collected. You will then have to subtract the total cost of goods that the business sold during the specified time frame. These expenses are your gross profit costs. Tally up all expenses for the business including utilities, rent, insurance, employee expenses, and benefit costs. These expenses are commonly referred to as the operating costs. Subtract your operating costs that you just tallied from your gross profit costs. The amount left after performing this deduction is your net profit amount.
What are the indirect fixed costs of hospital?
All fixed operating expenses from overhead (indirect) departments
What is the connection between profit costs and expenses?
Profit, costs, and expenses are important within any business' profit and loss statements. The connection is that anything that is more than the costs and expenses of a product or service offered by a business is profit.
When does a cost become an expense do all costs become expenses?
so all costs become expenses? explain it
When do expenses become costs?
When does a cost become an expense
A company will always report a profit if?
Any firm will be in profit when it cover all its costs and expenses i.e. when incomes overcome expenses.
What are the costs incurred in the day to day operations of an organization called?
There are costs incurred in the dad to day operations of all businesses and organizations. These costs are known as operation expenses and operating costs.
How can profits be measured?
To measure the profitability of a company you will first need to total all business sales minus the sales tax the company collected. You will then have to subtract the total cost of goods that the business sold during the specified time frame. These expenses are your gross profit costs. Tally up all expenses for the business including utilities, rent, insurance, employee expenses, and benefit costs. These expenses are commonly referred to as the operating costs. Subtract your operating costs that you just tallied from your gross profit costs. The amount left after performing this deduction is your net profit amount.
What are the indirect fixed costs of hospital?
All fixed operating expenses from overhead (indirect) departments
What is the term for legal expenses?
costs
What is the connection between profit costs and expenses?
Profit, costs, and expenses are important within any business' profit and loss statements. The connection is that anything that is more than the costs and expenses of a product or service offered by a business is profit.
What are bank expenses?
Major bank expenses are: Operational Costs - employee salaries; Captital Costs -buying equipment and or buildings; Financing Costs - interest expense for loans and bonds
Can legal costs insurance decrease my legal expenses?
You may not know this, but legal costs insurance should and will cover much, if not all, of the expenses involved with hiring a lawyer and dealing with suing a company. http://en.wikipedia.org/wiki/Legal_expenses_insurance
What are private costs?
Private costs are the expenses incurred by an individual or a business as a result of producing or consuming a good or service. These costs typically include factors like raw materials, labor, equipment, and overhead expenses. Private costs do not take into account the external costs imposed on society as a whole.
What is meant by fixed overhead costs?
Means all the bills and expenses for the business are the same every month.
