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LSDefine

Simple English definitions for legal terms

expense

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A quick definition of expense:

Expense: An expense is a cost that a company has to pay to make money. It can be a fixed cost, like rent or insurance, or a variable cost, like paying workers or buying materials to make products. Fixed costs stay the same, while variable costs change depending on how much the company produces. Some expenses can be taken off the company's taxes.

A more thorough explanation:

An expense is a cost that a company incurs while carrying out its operations to generate revenue. These costs can be either fixed or variable. Fixed expenses are those that remain constant, such as rent and insurance. Variable expenses, on the other hand, fluctuate with production volume, such as labor or raw materials for production.

For instance, if a company produces more goods, it will need to hire more workers, which will increase its labor costs. Similarly, if a company needs more raw materials to produce more goods, its raw material expenses will increase.

Some expenses are tax-deductible business expenses, which means that a company can subtract them from its taxable income. For example, a company can deduct expenses related to business travel, office supplies, and advertising.

Overall, expenses are an essential part of a company's operations, and they need to be managed effectively to ensure profitability.

expectation of privacy | expenses of administration

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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