The money a company has left over from the sale of a commodity after all costs are

paid is referred to as

Revenue

O Profit

Sales

O Market share

List 5 of your personal interests. List 5 of your personal skills. Do any of your skills and interests overlap?

A direct cost is a cost that can be easily traced to the particular cost object under consideration. True False

Your restaurant has assets of $64,342 and liabilities of $47,266. What is the equity of your business?

Kevin purchases 1,000 shares of Bluebird Corporation stock on October 3, 2018, for $300,000. On December 12, 2018, Kevin purchases an additional 750 shares of Bluebird stock for $210,000.

Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective containers. Customers pay a deposit for each container received. The deposit is equal to the container's cost.

Net worth is the difference between a firm's assets and its liabilities. a. True b. False

Buyer Jim agreed to a 20-day window to get a survey done. A number of problems have occurred and after 20 days from the signed contract date, buyer Jim has yet to have a survey completed. What is now the status of the sales contract? a.

Lawrence has worked in his career field for 20 years. one benefit of his experience over younger employees lies in

Ingredient lists on gum packages remain somewhat vague, even though these labels fall under federal regulations, because the manufacturers feel their ingredient lists are _[blank]_.

Kirsten is trying to decide where to go for her well earned vacation. She would like to camp, but if the weather is bad, she will have to go to a motel.