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Is depreciation a liability?
Depreciation is not a liability rather it is an expense and it is that part of full cost of fixed asset upto which company has utilized that asset in revenue generation in one specific fiscal year and as benefit is already taken and cash already paid it is expense rather then liability which deals with future.
Is insurance on factory building a fixed cost?
The cost of insurance premia on factory building is recurring expenditure and to be shown on the lefthand side of the Profit & Loss A/c of the company. This not at all a fixed cost.
How much does one million dollar liability insurance cost for a pest control company?
1 billion dollars
What are costs that a company has to pay whether or not its operating?
The Company has to pay its Fixed Costs, Such as Rent and utility. These cost have to be paid regardless of whether the company is operating or not
What does unlimited liability mean to the owner of a business?
The owner has personal liability for anything that happens. That is whi it is good to have an LLC (limited liability corporation). Mine cost $60 to set up on the state's web site. If a customer is killed in my shop all I can lose is the business, not my home.
What are the differences between a sole proprietorship and limited liability corporation?
In a limited liability corporation, the company is not personally liable for it, and the owners and shareholders will not get personally sued, only the company will. It has a high start up cost, and it has a long life. Sole proprietorship's have a low start up cost, generally have short life spans, and are personally liable,
Is depreciation a liability?
Depreciation is not a liability rather it is an expense and it is that part of full cost of fixed asset upto which company has utilized that asset in revenue generation in one specific fiscal year and as benefit is already taken and cash already paid it is expense rather then liability which deals with future.
How much will liability insurance cost for a canoe rental company?
kayaking
How much does collision liability cost?
It depends on your record and who your insurance company is.
Is advertising cost fixed or variable?
Advertising is a fixed cost. Many business allocate money to each quarter to cover their advertising cost for their company.
What is the average cost for 1000000 liability insurance for a small cleaning company?
58703
What is a fixed cost?
A cost that remains constant, regardless of any change in a company's activity.
Explain discretionary fixed costs and committed fixed cost?
Discretionery Fixed Cost: It is cost which arise from annual decisions of management to spend in specific fixed costareas, such as marketing and research.Commited Fixed Cost:These types of costs relate to a company's investment in assets such as facilities and equipment. Once such costs have been incurred, the company is required to make future payments
What is fixed cost in economics?
Fixed are the cost that are not affected the by the fluctuations in the level of activity. As an example the rent cost of a apperal manufacturing company would be a typical example of a fixed cost in short run as rental is not affected by the level of activity that is produced.
A company is producing 500 units of output Its average variable costs are 2.00 and its average fixed costs are 50 What is the total cost?
Total cost = variable cost + fixed cost fixed cost = 50 fixed cost per unit = 50 / 500 = .1 total cost = 2 + .1 = 2.1 per unit
What are examples of fixed and variable cost in transportation company?
Purchasing of motor vehicle is example of fixed cost while using fuel for running those motor vehicles is a variable cost.
What are examples of fixed and variable cost in an airline company?
Some of the Variable costs are Fuel Cost, energy, and operating cost
