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Definition of Prepaid expense
An expenditure that is paid for in one accounting period, but which
expenses that have been paid for but have not yet been used up; examples are prepaid insurance and prepaid rent.
This equals the cash inflow from sales during the period minus the cash
Current refers to cash and those assets that will be turned
Value of non-cash assets, including prepaid expenses and accounts receivable, due
expenses 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.
The account that records the short-term, noninterest-
For investment companies, the management fee and "other expenses,"
That portion of the total income tax provision that is based on
That portion of the total income tax provision that is the result
An expense account that represents the portion of the cost of an asset that is being charged to expense during the current period.
The reduction in value of an asset as it is used for current company operations.
The percentage of the assets that were spent to run a mutual fund (as of the last annual
Charged to an expense account, fully reducing reported profit of that year, as is appropriate for
The costs incurred in buying, making or producing goods and services.
Costs involved in running the company.
Cost 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,
What was spent to run the non-sales and non-manufacturing part of a company, such as office salaries and interest paid on loans.
Income Tax Expense
See income tax provision.
management expense ratio (MER)
The total expenses expressed as an annualized percentage of daily average net assets. MER does not include brokerage fees and commissions, which are also payable by the Fund.
The amount of expense incurred for the general operation of an office.
Any expense associated with the general, sales, and administrative
The total amount that was spent to run a company this year.
The 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.
The amount paid to employees for services rendered; synonymous with salary expense and wage expense.
Payroll tax expense
The amount of tax associated with salaries that an employer pays to governments (federal, state, and local).
The amount of expense paid for the use of property.
Operating expenses that vary in proportion to
The amount paid to employees for services rendered; synonymous with payroll expense and wage expense.
What was spent to run the sales part of a company, such as sales salaries, travel, meals, and lodging for salespeople, and advertising.
expenses that vary in close proportion to changes
Those that vary with the amount of goods you produce or sell. These may include utility bills, labor, etc.
expenses that change with changes in either sales volume
The amount paid to employees for services rendered; synonymous with salary expense and payroll expense.
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