What I Have Learned Activity 3. Describe Me! Write a sentence that describes the following terms: 1 Production Cost - 2 Sales - 3. Capital - 4. Return on Investment - 5. Net Income -
Production costs can include a variety of expenses, such as labor, raw materials, consumable manufacturing supplies, and general overhead. Product costs may also include those incurred as part of the delivery of a service to a customer.
Sale
Sale is the selling of goods or services, or a discount on the price. An example of a sale is the selling of a new house. An example of a sale is a 50% reduction on the price of all jeans at a store. ... An offer or arrangement in which goods are sold at a discount.
Capital
Capital can include funds held in deposit accounts, tangible machinery like production equipment, machinery, storage buildings, and more. Raw materials used in manufacturing are not considered capital. Some examples are: company cars.
Return on Investment
Return on investment (ROI) is calculated by dividing the profit earned on an investment by the cost of that investment. For instance, an investment with a profit of $100 and a cost of $100 would have an ROI of 1, or 100% when expressed as a percentage.
Net income
Revenues of $1,000,000 and expenses of $900,000 yield net income of $100,000. In this example, if the amount of expenses had been higher than revenues, the result would have been termed a net loss, rather than net income.
Answers & Comments
Answer:
PRODUCTION COST
is the total cost of product per quantity.thus,fixed cost +variable cost goods sold = total cost
SALES
IF THE PROFIT OF SELLING PRODUCT OR SERVICES BEFORE DECREASING THE EXPENSES USED
CAPITAL
IS THE INITIAL INVESTMENT OF AN ENTITY IN WHICH USED FOR A ACQUIRING, BUYING AND RENDERING SERVICES AND PRODUCTIONS
RETURN IN INSTMENT
IS THE RATE OF WHICH INVESTMENT PROFIT AND USED FOR ANALYZING THE PROFITABILITY OF THE ENTITY PER PERIOD
NET INCOME
IS THE TOTAL COMPREHENSIVE INCOME OF AN ENTITY IN WHICH THE REVENUE IS LESS BY EXPENSES TO GET THE NET INCOME OR TOTAL INCOME
Explanation:
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Production cost
Production costs can include a variety of expenses, such as labor, raw materials, consumable manufacturing supplies, and general overhead. Product costs may also include those incurred as part of the delivery of a service to a customer.
Sale
Sale is the selling of goods or services, or a discount on the price. An example of a sale is the selling of a new house. An example of a sale is a 50% reduction on the price of all jeans at a store. ... An offer or arrangement in which goods are sold at a discount.
Capital
Capital can include funds held in deposit accounts, tangible machinery like production equipment, machinery, storage buildings, and more. Raw materials used in manufacturing are not considered capital. Some examples are: company cars.
Return on Investment
Return on investment (ROI) is calculated by dividing the profit earned on an investment by the cost of that investment. For instance, an investment with a profit of $100 and a cost of $100 would have an ROI of 1, or 100% when expressed as a percentage.
Net income
Revenues of $1,000,000 and expenses of $900,000 yield net income of $100,000. In this example, if the amount of expenses had been higher than revenues, the result would have been termed a net loss, rather than net income.
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