Total Cost Is Calculated as

question 39

Multiple Choice

Total cost is calculated as

• A)FC + MC
• B)FC / MC
• C)(VC + FC)/ MC
• D)VC + FC
• E)VC ´ output

---

Definitions:

Comparative Balance Sheet

A financial statement that compares the balance sheets of two periods, highlighting changes in assets, liabilities, and equity.

Net Income

The total profit of a company after subtracting all its expenses from its revenues.

Direct Method

A way to prepare the cash flow statement where actual cash flow information from company’s operations segment is used.

Operating Expenses

Expenses incurred in the normal course of business operations, excluding costs of goods sold and depreciation.