Cost of goods sold refers to
___________.
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
___________.
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