COST OF MONEY Definition

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COST OF MONEY is a form of indirect cost incurred by investing capital in facilities employed on government contracts.

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SCRAP is material that is discarded as worthless or sold to be reused as parts; junk; a small unusable amount of something that is left over after the rest has been used or consumed.

FUNDS EMPLOYED, normally, is the average of Net Working Capital plus Fixed Assets held at the beginning and end of the financial year.

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