An out-of-pocket costs is (Choose One) : A) the cost of not doing something. B) an...
An out-of-pocket costs is (Choose One) :
A) the cost of not doing something.
B) an actual outlay of cash.
C) a budgeted estimate.
D) a deferred cost.
Homework Answers
Answer . (B) an actual cash outlay.
Out of pocket costs are the expenses that require the actual cash payment. In other words they are the future outlay of cash that depends upon management's discretion. For eg. wage payment to workers , parking fees etc are considered as out of pocket costs.
while depreciation and other expenses in kind are not the out of pocket costs.
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