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In insurance, deferred acquisition costs (DAC) is an asset on the balance sheet representing the deferral of the cost of acquiring new insurance contracts, thereby amortising the costs over their duration.
Cost reduction is the process used by organisations aiming to reduce their costs and increase their profits, or to accommodate reduced income.Depending on a company’s services or products, the strategies can vary.
A cost estimate is the approximation of the cost of a program, project, or operation.The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values.
Indirect labour cost: The indirect labour cost is the cost associated with workers, such as supervisors and material handling team, who are not directly involved in the production.
A deferred expense, also known as a prepayment or prepaid expense, is an asset representing cash paid in advance for goods or services to be received in a future accounting period.
Market research is an organized effort to gather information about target markets and customers. It involves understanding who they are and what they need. [1] It is an important component of business strategy [2] and a major factor in maintaining competitiveness.
In the context of production, a by-product is the "output from a joint production process that is minor in quantity and/or net realizable value (NRV) when compared with the main products". [2]
Resting place: Imam Bukhari Mosque near Samarkand, Uzbekistan: Era: Islamic Golden Age (Abbasid era)Region: Abbasid Caliphate: Main interest(s) Hadith, Aqidah: Notable work(s) Sahih al-Bukhari