What Four Things Must Generally Be Shown on the Balance

question 76

Essay

What four things must generally be shown on the balance of probabilities in order for a party to succeed in an action for breach of contract?

---

Definitions:

Net Operating Income

A financial metric that calculates a company's income after operating expenses are deducted, but before interest and taxes are subtracted.

Direct Material Cost

The expense of fundamental materials directly utilized in the production of a product.

Product Cost

The total amount of costs directly and indirectly involved in manufacturing a product or delivering a service.

Variable Costing

A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.