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 ?
that market entry is costless, absolute and reversible).
Although, in the presence of works councils, a firm needs to compensate for the lost information rent to be able to install the monitoring technology, installing a costless monitoring technology is still worthwhile.
Hence, deposit insurance should never pay out in practice and, as in the DD model, deposit insurance becomes a costless solution.
The six total treatments are generated by conducting the (i) single-period, (ii) multi-period with costless delay, and (iii) multi-period with costly delay protocol (our Baseline protocol), with buyers making offers in the first three treatments and sellers making demands in the other three treatments.
to make it costless to assimilate that information.
Each of the strategies allows for both costless (cheap talk) and costly signals.
Perfect digital copying and costless electronic distribution raise once again the issue of the morality of exclusion: If we can give everyone on earth a copy of any digital work of beauty or utility for the same price that we make the first copy, why is it ever moral to exclude anyone from anything?
While the council is obsessed with trams,it is losing sight of the opportunity presented by the European Capital of Culture title to gain active government support and financial aid for the provision of major exhibition and conference facilities and a large arena, none of which the city possesses, and which would collectively costless than the trams.
The Kirkland Lake council found an almost costless strategy to make children, money, and talent stick in the North.
In this case, it is clear that the reason for the optimality of the Friedman rule is the fact that money is costless.
At the same time, Dowd points out some weaknesses in our appeal to the Arrow-Lind theorem to justify our proposal that the state should issue survivor bonds: namely, that in the real world, taxes are not costless to collect, households do not bear an equal share of the tax burden, and distributional effects can be significant.
If one previously sent out: mailings, -invoices -Order Confirmations -Solicitations or other similar data-driven/personalized/customized bulk then ReportMailer provides a costless delivery mechanism.