Cost centers are distinctly identifiable and separate units or departments orresponsibility centerswith their own set of responsibilities and duties. Each one of them is individually answerable to the management for their activities, expenditures, and results. They cannot pass on their failures to other...
This type of cost-sharing reduction effectively lowers any direct out-of-pocket expenses that come with a Silver plan, including deductibles, copays, and any coinsurance they may have to pay. Loweringdeductibles(how much an insured party is required to pay before the plan kicks in) means cover...
starting from inventory to the finished goods. The focus and the objective are to come up with the cost of a particular product or service by identifying various cost objects and their respectivecost drivers. Here there exists a cause-effect relationship between...
A website can achieve different types of viral popularity. Each of these types are formed based on different strategic approaches in the types of content to use and people to leverage to raise the popularity. Below are some of the most common types of viral popularity. Organic Virality Organic...
Apart from these 3 there are other types as well: Holding Cost Sometimes inventory can be held at a location which is different from the expected location e.g. intermediate city or warehouse. It can also be held because of formalities and clearances. The costs which is involved in holding...
Top 10 Types of Incurred Cost Manufacturing Costrefers to the cost incurred to convert raw materials into finished goods. They are used indirect materials, direct labor, and direct expenses, which form part of thecost of goods soldand are debited to the trading account in the financial statement...
Customers use products and tend to create an image in their minds. There are different types of brand loyalty amongst consumers about a particular product of service. 1. Hard-Core Loyals are those customers who buy the same brand over and over again & are strong brand advocates. ...
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these latter types of expenditures are posted as expenses when they are depreciated. Themajority of large businesses use accrual-basis accounting. In accrual-basis accounting, expenses are matched with related incomes and/or are reported when the expenditure occurs, and not when the money is paid....