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In 2017, Tim's Gyms finances the building of a new gym.Tim secures this financing from a bank, and the bank receives ownership if Tim fails to make payments.This source of funds is
Overhead Costs
Expenses related to running a business that cannot be linked directly to a specific product or service, such as rent, utilities, and management salaries.
Departments
Divisions within a company or organization that focus on specific tasks or responsibilities, such as marketing, finance, or human resources.
Products
Goods or services that are the result of a manufacturing or production process and are offered for sale by businesses.
Factory Overhead Allocation
The process of distributing the indirect costs of manufacturing across the products produced, such as utilities or maintenance of equipment.
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