Answer:
COGS= $67,200
Explanation:
Giving the following information:
Your campus computer store reported:
Sales Revenue of $168,000.
The company's gross profit percentage was 60%.
Gross profit= sales revenue - cost of goods sold
sales= 168,000
COGS=?
gross profit= 168,000*0.6= 100,800
COGS= 168,000 - 100,800= $67,200
Answer:
Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.
Explanation:
a
In economics, a factor of production, resource, or input is what is used in a production process to produce products, i.e. goods or services.
The amounts of various inputs used determine the amount of output according to a relationship known as the production function. The relationship between the inputs a firm uses and the maximum output it can produce with those inputs is called the firm's production function. Factors of production are outputs or inputs used to produce goods and services. They are the resources a business needs to make a profit by producing goods and services. Factors of production fall into four categories: Land, Labor, Capital, Entrepreneurship.
Learn more about production here-
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Answer:
Marginal benefits and marginal costs.
Explanation:
False, only shows transactions and amounts owed.
