__________ is listed with operating expenses if the cost is associated with fixed assets used for selling, general and administrative purposes.

It also called the profit and loss statement or P&L, summarizes your company's revenue and expenses.

Gross Profit / _________ = Gross Profit Margin

This is listed with cost of goods sold if the expense associated with the fixed asset is used in the direct production of inventory. 

These obligations of the business are due within one year. 

A written report of the financial condition of a firm. 

_________ results when a company purchases a fixed asset and expenses it over the entire period of its planned use, not just in the year purchased. 

These expenses go up or down based on the sales you make such as advertising, delivery charges and electricity if you are manufacturing. 

(Selling Price - Cost to Produce) / Cost to Produce = _________.