| marginal costing |
Marginal costing is a method of product costing which does not include fixed costs of production in the product cost. |
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| market value |
the price at which an asset can be sold or bought at any
specific time |
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| market value added, mva® |
(MVC)
Actual market value created is the difference between the total capital of the business, and the value of its debt plus equity. The value of equity is the share price multiplied by the number of shares issued. Calculated market value created at any point in time is the sum of each future year’s expected EVA point in time, plus the debt of the business discounted (at K) back to that
[MVA® = Net loans + ( Number of shares share price ) – Closing total capital] |
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| material facts |
anything that would affect the judgement of an underwriter
in accepting or deciding the terms of risk |
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| misrepresentation |
a false statement of a material fact that can be innocent
or fraudulent |
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