cost

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Cost

The opposite of revenue. An expense that reflects the price of purchasing goods, services and financial instruments. A cash cost means that cash is given up today to the purchase. Also, the purchase price of an investment, which is compared to the sale proceeds to determine capital gain or loss.

Cost

The amount of money or property paid for a good or service. Cost is an expense for both personal and business assets. If a cost is for a business expense, it may be tax deductible. A cost may be paid immediately in the form of cash or over time in a credit sale or similar transaction. Cost is the opposite of revenue: It may be thought of as money spent instead of made.

cost

The expenditure of funds or use of property to acquire or produce a product or service. See also average cost, fixed cost, historical cost, marginal cost, replacement cost, variable cost.

cost

the expenditure upon resources incurred by a firm in producing and selling its output. Each cost is a charge against revenues and profits for the use or consumption of resources during a trading period. (see PROFIT AND LOSS ACCOUNT). Costs can be classified along functional lines, distinguishing between production, selling, distribution, administration and financing costs. Alternatively costs can be classified as either direct costs (usually raw materials and direct labour) or indirect costs (overheads) (see PROFIT AND LOSS ACCOUNT). Costs may also be classified as variable costs and fixed costs, depending on whether they vary with the level of output or activity. In addition, costs may be analysed by product. Finally costs may be classified by location (division, subsidiary, company, department, etc.).

Classification and analysis of costs is necessary for three main business purposes:

  1. for product costing;
  2. for management control;
  3. for decision-making.

Identification and classification of these costs is the core of MANAGEMENT ACCOUNTING. Fig. 28 shows the build up of major cost elements. See PRODUCTION COST, SELLING COST.

cost

the payments (both EXPLICIT COSTS and IMPLICIT COSTS) incurred by a firm in producing its output. See TOTAL COST, AVERAGE COST, MARGINAL COST, PRODUCTION COST, SELLING COST.

Cost

Cash and/or the value of property given to acquire the property received.
References in periodicals archive ?
On average, first-period offers from the buyer-offer with costless delay treatment were $2.
Hypothesis 2: Costly signals will improve group coordination more than costless, non-binding signals.
If all individuals are state-dependent expected utility maximizers and are more sensitive to changes in the certainty of punishment than to proportional changes in the severity of punishment, then the optimal probability of punishment is less than one when punishment is costless.
But because copying takes time-a limited commodity--and materials (paper, ink, disk space), it is not entirely costless.
We should look at how countries vote in the UN in distributing foreign aid, so that cheap shots from Third World countries are no longer costless.
Pre-booking for the 85S9 has already started at the Samsung Brand Shop -- Dubai Mall, Juma Al Majid Showroom in Dubai, Abu Dhabi Marina Mall and in Costless Mina, Abu Dhabi.
On the other hand, Epstein, in what seems like a subtle chastising of some property rights zealots, argues that it is "not costless to ignore spillover effects and to proceed as though the only gains and losses that count are those that are naturally borne by the actor himself.
Also, it bears emphasizing that no deposit insurance reform that truly reduces the subsidy existing in the current system will be costless for banks.
In addition, the Company implemented a new hedge, a costless collar, on 1,000 barrels of oil per day with a $70.
FieldPoint recently entered into a costless collar for the period from June 2015 through December 2015.
In addition to the open commodity swap contracts, the Company has entered into costless collar contracts.