___________.
A: direct costs attributable to producing the product sold by the firm
B: salaries, advertising and selling expenses
C: payments to the firm's creditors
D: payments
to federal and local governments
举一反三
- Expenses are outflows of economic resources including cost of goods sold, selling, general and administrative expenses, tax expense, interest expense, etc.
- In a firm, if the net sales are 200 million dollars, the cost of goods sold is 50 million dollars, what is the gross profit?
- Price discrimination occurs when: A: the same product is sold by a firm to different consumers for different prices. B: consumers sell products to one another. C: the same product is produced by a firm with different costs of production. D: a firm charges the same price to consumers with different levels of income.
- Inventory turnover can be<br/>calculated by: () A: adding beginning and ending<br/>inventory; divide by two B: dividing the cost of goods<br/>sold by average inventory C: dividing average inventory<br/>by the cost of goods sold D: multiplying average<br/>inventory by 1.5
- Finance department is responsible for______( ). A: hiring new staffs B: making the product C: selling the product/service D: payments, bills and expenses
内容
- 0
A perfectly competitive firm is producing 75 units of output. The market price is $7 and the firm's marginal cost is $8. The firm should:
- 1
Cost of goods sold represents a cost, not an expense.
- 2
What is the total cost in this outcome (Firm A's total cost + Firm B's total cost)?What is the total cost in the efficient outcome (assuming that the price is $3 and four units are produced in total)?<br/>______
- 3
If sales revenues are $400,000, cost of goods sold is $310,000, and operating expenses are $60,000, the gross profit is .( ) A: $90,000 B: $400,000 C: $30,000 D: $340,000
- 4
A<br/>wholly-owned subsidiary that handles the credit function for the<br/>parent firm is called a():() A: controlled<br/>disbursements company. B: junior<br/>subsidiary firm. C: parallel<br/>payments firm. D: captive<br/>finance company. E: operating<br/>division.