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Secondary expenses refer to additional costs that arise as a consequence of primary expenses or activities. These can include indirect costs such as maintenance, utilities, or administrative expenses that support the main operations but are not directly tied to the production of goods or services. Understanding secondary expenses is essential for accurate budgeting and financial analysis, as they can significantly impact overall profitability.
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What type of income is income and expenses of a corporation?
The income and expenses of a corporation are classified as operating income and expenses, which arise from the core business activities, and non-operating income and expenses, which come from secondary activities not directly related to the main business operations. Operating income includes revenue from sales and costs related to production and administration, while non-operating items might include interest income, gains or losses from investments, or one-time charges. Together, these components reflect the overall financial performance of the corporation.
What are the two types of expenses?
fixed expenses and variable expenses
How are variable expenses different from fixed expenses?
Variable expenses are those expenses which vary according to production level while fixed expenses are those expenses which have no effect of production level and remain same.
What is unrecoverable expenses?
Unrecoverable expenses are out of pocket expenses that you cannot obtain reimbursement on
Is preliminary expenses is a administrative expenses or selling expenses?
Preliminary expenses are neither administrative expenses nor selling expenses rather these are classified as other assets in balance sheet and amortized over period of life of business.
Can you write off private school tuition for my children?
You can only write off post secondary school expenses that are contributed directly to education expenses.
Can you designate the primary and secondary insurance coverage and declare not to pay because of no out of pocket expenses?
Sure, why not?
Which education savings plan can be used for K through 12 expenses as well as post-secondary expenses?
Coverdell Education Savings Plan!
Can a wifes maternity expenses be covered by the husbands insurance if her insurance does not have coverage?
If you both have coverage the wife's policy will be primary, and the husband's will be secondary - provided the wife is covered under the husband's policy. Submit the unpaid claims to the secondary carrier.
If secondary agreed upon insurance is lower than the primary insurance agreed upon price which one can the provider bill the paitent?
Primary has to process and pay claims first then secondary will process and pay leftover expenses according to their policy provisions. The secondary sometimes excludes payment towards a primary policy deductible.
What does coinsurance mean in medical insurance's?
It's secondary or tertiary insurance that is held to cover any medical expenses the primary insurance policy does not cover or does not cover completely.
How do you figure out the write-off with primary and secondary dental insurance?
first you should obtain the explanantion of benefits from your primary. it should indicate what the write off amount is. if you're not sure, call the insurance company and ask them. then do the same with your secondary. the secondary insurance will consider the amount allowed by the primary and will usually base their benefits on that. if you are lucky, between the two, you should have little out of pocket expenses.
What must the fund for the Missouri state lottery be used for?
Deposited in the "State Lottery Fund" for public institutions of elementary, secondary and higher education, administrative expenses and then minimum of 45% used for prizes.
What type of income is income and expenses of a corporation?
The income and expenses of a corporation are classified as operating income and expenses, which arise from the core business activities, and non-operating income and expenses, which come from secondary activities not directly related to the main business operations. Operating income includes revenue from sales and costs related to production and administration, while non-operating items might include interest income, gains or losses from investments, or one-time charges. Together, these components reflect the overall financial performance of the corporation.
What are the two types of expenses?
fixed expenses and variable expenses
Your secondary is HMO which gives you no deductible to meet why do you have to use your primary where you have a 500 deductible?
When you have both primary and secondary insurance, the primary plan typically pays first, regardless of the deductible. This means that any covered medical expenses will first be billed to the primary insurance, which may require you to meet a deductible before it pays. Once the primary insurance has processed the claim, the secondary HMO can then cover additional costs, often without a deductible. This coordination ensures that the primary plan pays for its share before the secondary kicks in.
What are non factory expenses?
general and administrative expenses marketing expenses
