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 ?
The costliness of the telegraphic medium is paramount in this exchange and James uses the "regular rates" of telegraphy to emblematize the imbalances of finances between Adam and Charlotte in their differing abilities to "pay with pleasure." Indeed, the novel suggests that this difference in their ability to "pay" here translates into their ability to speak and even to think narratively.
This bulletin discusses what accounts for the staff growth and the costliness of smaller class sizes.
they might not have sufficient incentive to engage in moral action because of the costliness of being good," said a co-author of the study.
This average, referred to as the "PPR relative weight" is not a measure of the relative costliness of the initial admission but is a measure of the relative costliness of the PPRs that follow an initial admission.
It relies heavily on jasmine, at the time the most expensive perfume oil, which contributed to its covetable costliness. It is famous for using synthetic floral aldehydes as a top note, along with ylang ylang, neroli because Chanel wanted an artificial perfume that smelt like it had been created, like one of her signature suits.
Dutton writes that there is no reason to accept that we are doomed forever to respond to art in terms of costliness, conspicuous waste, or its bearing on social status.
Come on, we should all know by now other correspondents are only going to compare those remarks with the costliness it takes to fund all those benefit claimants and single parents propped up by the taxpayer, reeling off all those free rent and council tax rebates, free dental and eye care, free prescriptions and dentures, free cookers and furniture, lone parent extras and income support, free shoes and school uniforms, not forgetting free milk, free school meals and certain groceries.
SMAs are better suited to income in retirement because of the costliness of mutual funds including the cost of a tax drag, according to Chris Rosato, a senior vice president-strategic development with Curian.
Generally for this type of scenario, econometric modelling is better than SD modelling (since New Zealand has long time series for price, tax, costliness and consumption).
While the NRF does agree that vendor compensation remains an important issue given the costliness of the system, the act will require that any state mandating tax collection also assume all costs.
delegation of inspection authority to United Nations weapons inspectors and to the International Atomic Energy Association after the Gulf War of 1990-91 entailed significant sovereignty costs by affecting the timing and costliness of the subsequent 2003 U.S.