Write a sentence that describes the following terms:
1.PRODUCTION COST
2.SALES
3.CAPITAL
4.RETURN IN INVESTMENT
5.NET INCOME
1.PRODUCTION COST
2.SALES
3.CAPITAL
4.RETURN IN INVESTMENT
5.NET INCOME
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Answer:
1.PRODUCTION COST - is the total cost of product per quantity. thus, Fixed cost + Variable cost / Goods sold = Total Cost
2.SALES - is the profit of selling product or services before decreasing the expenses used.
3.CAPITAL - is the initial investment of an entity in which used for acquiring, buying and rendering services and productions.
4.RETURN IN INVESTMENT - is the rate of which investments profit and used for analyzing the profitability of the entity per period.
5.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:
This is based on my perception as Accounting student and can be utterly wrong based on own's perspective in analyzing each terms.