Answer:
see below
Explanation:
<u>1. COGS</u>
Expenses incurred for manufacturing or obtaining the products and materials sold during a given period.
COGS are the direct expenses in the production process. They include labor, materials, and direct overheads.
<u>2. Gross profit </u>
Balance arrived at after deducting the expenses incurred on the goods sold from the revenue earned by selling the goods.
The revenues must exceed the expenses for a business to realize a gross profit. Otherwise, it will be a loss.
3<u>. Operating expenses</u>
Expenses that a business incurs to carry out its daily operations. They are the indirect cost of production. Examples include insurance, administrative, and security costs.
4. <u>Selling expenses </u>
Money spent on advertising, traveling, and promotions. These are the costs incurred in the selling process.
It can be all of them or the last 4
Answer:
Partners: True
LLC: True
S Corporation: False
Explanation:
When dividends are withdrawn from a business tax is only due on a S Corporation because the tax paid for the profits of an organization is not by the stockholder withdrawing the dividends which is why when dividend is withdrawn the tax is to be paid.
When dividends are withdrawn in a partnership or and LLC then no tax is payable as tax is already paid on the profits made by the business that is why dividends are not taxable when withdrawn.
Answer:
B. Price Decreases & Quantity Increases
Explanation:
Since natural gas provides heat at a much lower cost, most households will begin to use natural gas and stop buying heating oil because natural gas can serve as a substitute to heating oil at a lower cost. This will result in decrease in price of the heating oil to encourage households to buy, and since more households prefer to go for natural gas, the quantity of the heating oil will increase.
Answer:
The duties of an office messenger are summarized throughout the below segment.
Explanation:
- His tasks predominantly include the passage as well as the collection of documents across units of the company or an organization.
- Any basic everyday tasks may be requested to encourage and support him in the file, make copies, and print documentation.
- Throughout the lower socio-economic frame seems to be in a position he has to be professional as well as respectful.