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Financial Terms | |
GENERAL-AND-ADMINISTRATIVE EXPENSES |
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Definition of GENERAL-AND-ADMINISTRATIVE EXPENSESGENERAL-AND-ADMINISTRATIVE EXPENSESWhat was spent to run the non-sales and non-manufacturing part of a company, such as office salaries and interest paid on loans.
Related Terms:Accrued expenses payableexpenses that have to be recorded in order for the financial statements to be accurate. Accrued expenses usually do not involve the receipt of an invoice from the company providing the goods or services. accrued expenses payableThe account that records the short-term, noninterest- administrative departmentan organizational unit that performs management activities benefiting the entire organization; Administrative pricing rulesIRS rules used to allocate income on export sales to a foreign sales corporation. Annual fund operating expensesFor investment companies, the management fee and "other expenses," Country risk GeneralLevel of political and economic uncertainty in a country affecting the value of loans or ExpensesThe costs incurred in buying, making or producing goods and services. ![]() ExpensesCosts involved in running the company. Fixed ExpensesCost of doing business which does not change with the volume of business. Examples might be rent for business premises, insurance payments, heat and light. fixed expenses (costs)expenses or costs that remain the same in amount, General Agreementon Tariffs and Trade (GATT) a treaty General cash offerA public offering made to investors at large. general cash offerSale of securities open to all investors by an already-public company. General ledgerA book that contains all the accounts of the company and the balances of those accounts. General ledgerThe master set of accounts that summarizes all transactions occurring General obligation bondsMunicipal securities secured by the issuer's pledge of its full faith, credit, and ![]() General partnerA partner who has unlimited liability for the obligations of the partnership. General partnershipA partnership in which all partners are general partners. Generally Accepted Accounting Principals (GAAP)A technical accounting term that encompasses the Generally accepted accounting principlesThe rules that accountants follow when processing accounting transactions and creating financial reports. The rules are primarily generally accepted accounting principles (GAAP)This important term generally accepted accounting principles (GAAP)Procedures for preparing financial statements. Generally Accepted Accounting Principles (GAAP)A common set of standards and procedures Generally Accepted Accounting Principles (GAAP)GAAP is the term used to describe the underlying rules basis on which financial statements are normally prepared. This is codified in the Handbook of The Canadian Institute of Chartered Accountants. Limited-tax general obligation bondA general obligation bond that is limited as to revenue sources. OPERATING EXPENSESThe total amount that was spent to run a company this year. Operating ExpensesThe amount of money the company must spend on overhead, distribution, taxes, underwriting the risk and servicing the policy. It is a factor in calculating premium rates. ![]() Prepaid expensesexpenses that have been paid for but have not yet been used up; examples are prepaid insurance and prepaid rent. revenue-driven expensesOperating expenses that vary in proportion to SELLING EXPENSESWhat was spent to run the sales part of a company, such as sales salaries, travel, meals, and lodging for salespeople, and advertising. unit-driven expensesexpenses that vary in close proportion to changes VARIABLE EXPENSESThose that vary with the amount of goods you produce or sell. These may include utility bills, labor, etc. variable expensesexpenses that change with changes in either sales volume Earnings before interest and taxes (EBIT)A financial measure defined as revenues less cost of goods sold Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |