Advantages and Disadvantages of Bi-Weekly Payroll
Advantages and Disadvantages of the Biweekly Payroll.
Rusith
Rusith Yapabandara is contributing as the key author for LearnBusinessConcepts. He has over eight years of corporate experience in multinational companies and has several years of academic consulting experience.
He is a Passed Finalist of CIMA (UK), PMP (USA) Certified, and Completed BCS HEQ (UK). He is enjoying reading, acquiring knowledge in his spare time, and also keen to share his knowledge. Rusith has been a contributor to Learn Business Concepts since 2020. You may reach him on Linkedin.
Controllable Cost – Definition, Explanation, with Examples
Controllable cost is an expense that the company executives/management can influence up to some extent based on the decisions made.
Operating Cost – Definition, Explanation, with Examples
The operating cost is referred to as the ongoing expenditures incurred with the daily business work.
Economic Cost – Definition, Explanation, with Examples
The economic cost is considered both the amount of money expensed and the potential loss of expending on something else.
Accounting Cost – Definition, Explanation, with Examples
Accounting cost refers to the cost of an activity recorded in the financials of the company.
Sunk Cost – Definition, Explanation, with Examples
Sunk cost (also understood as retrospective cost) in which an amount already incurred and can not be recovered. Sunk costs are independent of any event and should not be deemed when making investment or project decisions.
Incremental Cost – Explanation, Examples, Formula
Incremental cost is the cost incurred due to an additional unit of a product being produced.
Opportunity Cost – Definition, Examples, and Formula
Opportunity cost is the value of the next-best alternative when a decision is made to proceed with one alternative.
Outlay Cost – Definition, Explanation, with Examples
An outlay cost is an amount that a company expends on a particular project.
Indirect Cost – Definition, Explanation, Examples, Formula
Indirect costs are the costs that can not be readily determined with a specific activity but are incurred for the joint benefit of company/project activities.