Monthly Archives: May 2015

Sources of finance

leasing: A legal document (contract) outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the … Continue reading

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Senior 5: Costs

Costs: any expenditure made in order to produce during a period of time Direct cost (DC): costs that could be associated, identified, allocated straight with each unit of a product Indirect cost (IC): costs that cannot be associated with any … Continue reading

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