3 ms·
You're understating unintentionally. Let's take "pocket change" to be around $100, an absurdly high amount for pocket change. An order of magnitude above that
by meric 13y ago
You're understating unintentionally.
Let's take "pocket change" to be around $100, an absurdly high amount for pocket change.
An order of magnitude above that would be $100 * 10 = $1000.
- 001sky 13y agoPocket change in this context would be 1-3% of a cost base.[1] >5% is not pocket change, it is a material expense. The expenses in question may be in the 30-40% range ( >10x a "pocket change" amount of 1-2%). Hope this is clearer. [1] ie, a "non-material" expense.