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Financial Terms | |
Prepaid expenses |
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Definition of Prepaid expensesPrepaid expensesexpenses that have been paid for but have not yet been used up; examples are prepaid insurance and prepaid rent.
Related Terms:cash flow from operating activities, or cash flow from profitThis equals the cash inflow from sales during the period minus the cash current assetsCurrent refers to cash and those assets that will be turned Other current assetsValue of non-cash assets, including prepaid expenses and accounts receivable, due 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- Annual fund operating expensesFor investment companies, the management fee and "other expenses," 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-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. 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 expenseAn expenditure that is paid for in one accounting period, but which 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 Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |