Word: overheads
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Dates: during 1990-1999
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...billion were less than 12% of Sears'. But in the past three years, while Sears' North American retail sales (including those from 131 Canadian and Mexican stores) have grown only 14%, from $28 billion to $32 billion, Wal-Mart's have doubled, from $16 billion to $32.6 billion. Sears' overhead expenses still consume 29% of sales, and K mart's 23%, but Wal-Mart's burn up only 16% of sales. Wal-Mart workers are more productive than Sears': they generate an average of $95,000 in sales per employee, in contrast to $85,000 for Sears employees...
Iraqi tanks perched on the north side of a sand ridge near the Saudi-Kuwait border were firing at a company of U.S. Marines on the south side. The Marines were returning fire with TOW antitank missiles. Overhead, a U.S. Air Force A- 10 Thunderbolt swooped toward one of the Iraqi tanks and released a heat- seeking Maverick missile...
...Overhead can include such-costs as depreciation on buildings and equipment, operation and maintenance, administration and libraries. Lighting, heating, janitorial services and portions of administrative salaries at every level in the University can be billed as indirect costs, as long as the costs can be justified as research-related...
...researcher added that right now the National Institutes of Health (NIH) is "indirect cost-blind." That is, NIH reviews grants primarily on the grounds of scientific merit, without looking at a school's overhead cost rate...
Stanford's Byer says that through "very cost-effective" means, the university can claim the indirect costs of research it is entitled and still retain competitiveness for grants. The school received more than $97 million in reimbursements for overhead expenses in fiscal 1990, according to Stanford Comptroller Franklin G. Riddle...