Costs such as transportation-out, sales commissions, uncollectible accounts receivable, and advertising costs are sometimes called:
A. upstream costs.
B. direct costs.
C. indirect costs.
D. downstream costs.
Answer: D
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Verilux Company sold merchandise to Flight Corp on November 1, 2016, for $10,000 . Verilux accepted a promissory note from Flight Corp for $10,000 . The note has a term of 5 months and a stated interest rate of 7%. Verilux's accounting period ends on December 31, 2016 . What amount should Verilux recognize as interest revenue on the maturity date of the note?
a. $ -0- b. $ 175.00 c. $ 291.67 d. $ 420.00
Which of the following pay plans encourages the improvement of the overall company's well-being?
a. monthly salary b. cafeteria plan c. profit sharing d. pensions
Locus of control is the belief that one’s control over one’s destiny is either ______.
a. strong or weak b. internal or external c. inherited or learned d. situational or intentional
An investment banker's fees are part of the ________ realized for issuing new debt or equity
A) flotation costs B) opportunity costs C) revenues D) benefits