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Are prepayments nonmonetary assets?
Yes. You will receive / provide no cash or cash-equivalents. You will get / provide some assets for the prepayments.
Are selling costs variable costs?
If selling costs varies with production level then selling costs are variable costs but if they remain fix then these are fixed costs.
What is the difference between actual costs and budgeted costs?
Actual Costs are costs which have occurred and can be reliably measured. Budgeted Costs are costs which have been estimated, possibly by using Forecasted Costs.
Variable costs are relevant and fixed costs are irrelevant?
Generally variable costs are relevant costs but if due to any decision fixed costs are also going to affected then fixed costs are also relevant costs.
Why distinguish direct costs from indirect costs?
It is done so to keep control on costs as direct costs are controllable while indirect costs are not.
What is the difference between monetary and nonmonetary considerations?
Monetary considerations refer to factors that involve financial aspects, such as costs, revenues, and profits. These are quantifiable and typically expressed in terms of currency. Nonmonetary considerations, on the other hand, encompass qualitative factors such as employee satisfaction, brand reputation, or environmental impact, which are not easily measured in financial terms. Both types of considerations are important for making well-rounded business decisions.
What are some nonmonetary costs associated with energy use?
Cost of health , cost of environment might be the non monetary costs associated with energy use._______________________________________________________________Environmental pollution:green house gases,ozone depletion,noise pollution,visible pollution,global warm up,acid rain,heavy metal (mercury, arsenic, lead, ...) health effectsionizing radiation health impacts
Are prepayments nonmonetary assets?
Yes. You will receive / provide no cash or cash-equivalents. You will get / provide some assets for the prepayments.
Which most strongly influences consumers nonmonetary considerations?
Consumers' nonmonetary considerations are most strongly influenced by factors related to their values, emotions, and personal preferences. Elements such as brand reputation, trustworthiness, ethical practices, environmental sustainability, and emotional connections with a product or brand play a significant role. Additionally, factors like social responsibility, cultural alignment, and the overall experience associated with a product or service can heavily impact consumers' nonmonetary considerations. These aspects contribute to a consumer's perception of value beyond the financial aspect and often influence their purchasing decisions. bluemedbillig com
What nonmonetary cost might be associated with gambling?
A significant nonmonetary cost associated with gambling is the potential strain on personal relationships. Gambling can lead to secrecy, dishonesty, and neglect of responsibilities, which may result in conflicts with family and friends. Additionally, the emotional toll of gambling, such as anxiety, guilt, or depression, can adversely affect one's mental health and overall well-being. These social and emotional consequences can be just as impactful as financial losses.
What does monetary and nonmonetary factors mean?
Monetary factors refer to aspects that involve financial elements, such as income, prices, and interest rates, which can influence economic decisions and behaviors. Nonmonetary factors, on the other hand, encompass elements that do not have a direct financial component, such as social influences, personal preferences, cultural values, and psychological factors. Both types of factors can significantly impact consumer choices, business strategies, and overall economic conditions. Understanding the interplay between these factors is crucial for effective decision-making in various contexts.
Are selling costs variable costs?
If selling costs varies with production level then selling costs are variable costs but if they remain fix then these are fixed costs.
What is the difference between actual costs and budgeted costs?
Actual Costs are costs which have occurred and can be reliably measured. Budgeted Costs are costs which have been estimated, possibly by using Forecasted Costs.
Variable costs are relevant and fixed costs are irrelevant?
Generally variable costs are relevant costs but if due to any decision fixed costs are also going to affected then fixed costs are also relevant costs.
What is the type of cost classification?
(a) By time when computed historic costs standard costs (b) By financial costing Revenue costs capital costs (c) By responsibility controllable costs uncontrollable costs (d) By identification with stock product costs period costs (e) By tracing costs to end products direct costs indirect costs
Are variable costs included in operating costs?
Variable operating costs + fixed operating costs = total operating costs.
What are OM and A costs?
Not sure about the "A" but OM costs are Operational and Maintenance costs (OPEX costs).
