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cost cutter

Comprehensive Analysis

1) "Cost" -- As to cost cutter 1cost Pronunciation: 'kost Function: noun 1 a : the amount or equivalent paid or charged for something : PRICE b : the outlay or expenditure (as of effort or sacrifice) made to achieve an object 2 : loss or penalty incurred especially in gaining something 3 plural : expenses incurred in litigation; especially : those given by the law or the court to the prevailing party against the losing party - cost·less /-l&s/ adjective - cost·less·ly adverb - at all costs : regardless of the cost or consequences <was determined to win at all costs> - at cost : for the price of production <buys clothes at cost directly from the manufacturer> Pronunciation Symbols In economics, business, and accounting, a cost is the value of inputs that have been used up to produce something, and hence are not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production. Costs are often further described based on their timing or their applicability. 1 Accounting vs opportunity costs 2 Comparing Private, external, social and psychic costs 3 Cost estimates and cost overrun 4 References 5 Path Cost 6 See also Historical costs or accounting costs represent the total amount of money (or the monetary value of goods) spent. It is the amount denoted on invoices and recorded in bookkeeping records. Opportunity cost, also referred to as economic cost is the value of the best alternative that was not chosen in order to pursue the current endeavour--i.e., what could have been accomplished with the resources expended in the undertaking. It represents opportunities forgone. If a person has a job offer that pays $25 for an hour's work, and instead chooses to take a nap, then the accounting cost of the nap is zero; the person did not hand over any money in order to nap. However, the opportunity cost is the $25 that could have been earned working. In theoretical economics, cost used without qualification often means opportunity cost. When a transaction takes place, it typically involves both private costs and external costs. Private costs are the costs that the bu..." 2) "Cutter" -- As to cost cutter cut·ter Pronunciation: 'k&-t&r Function: noun 1 : one that cuts: a : one whose work is cutting or involves cutting b (1) : an instrument, machine, machine part, or tool that cuts (2) : a device for vibrating a cutting stylus in disc recording; also : the stylus or its point 2 a : a ship's boat for carrying stores or passengers b : a single-masted fore-and-aft rigged sailing vessel c : a small armed vessel in government service 3 : a light sleigh Pronunciation Symbols An American-looking gaff cutter with a genoa jib set This French yawl has a gaff topsail set. Forget the mizzen and this boat looks like a cutter. Crabcutter, Neuharlingersiel, Germany When used in a nautical sense, a cutter is: a small single-masted vessel, fore-and-aft rigged, with two or more headsails, a bowsprit, and a mast set further back than in a sloop a ship's boat, powered by oars, sails or motor, used to carry passengers or light stores a small or medium sized armed vessel used by various marine or naval services such as the US Coast Guard. 1 Sailing 2 Rowing 3 Pulling 3.1 Concerning the use of a kedge, see also: 4 Revenue 5 United States Coast Guard 6 External links Traditionally the sloop rig was a rig with a single mast located forward of 70% of the length of the sailplan. In this traditional definition a sloop could have multiple jibs on a fixed bowsprit. Cutters had a rig with a single mast more centrally located, which could vary from 50% to 70%of the length of the sailplan, with multiple headsails and a reeving bowsprit. Somewhere in the 1950's or 1960's there was a shift in these definitions such that a sloop only flew one headsail and a cutter had multiple headsails and mast position became irrelevant. In this modern idiom, then, a cutter is a sailing vessel with more than one head sail and one mast. In a traditional vessel there would normally be also, a bowsprit to carry a jib set flying from the bowsprit end via a traveller (to preserve the ability to reef the bowsprit), while in modern vessels the jib is set from a topmast forestay permanently fixed to the end of a fixed (non-reeving) bowsprit, or directly to the stem fitting of the bow itself. (The sloop carries only one head sail, properly called a foresail t..." 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