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BAED-ENTR2122 Entrepreneurship

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The _______ account is where you track all incoming revenue from what you sell

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The costs that  generally are more static in nature

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This is the biggest cost of all for many businesses.

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These costs include materials used, direct labor, plant manager salaries, freight and other costs associated with operating a plant (for example, utilities, equipment repairs, etc.)

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Operating activities are the daily internal activities of a business that either require cash or generate it.

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It is where you track any raw materials or finished goods that you buy for your business. 

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These selling, general and administrative expenses are necessary to run the business

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The following are the example of variable cost except. 

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A written description of your business' future.

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The _________ shows your company's assets and liabilities

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