Mixed Costs Are

question 70

Multiple Choice

Mixed costs are

• A)Costs with both indirect and direct elements.
• B)Costs with both product and period elements.
• C)Costs with both fixed and variable elements.
• D)None of these.

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Definitions:

Cash Flow

Cash flow refers to the net amount of cash and cash-equivalents being transferred into and out of a business, indicating its operational efficiency and liquidity.

Taxable Income

The amount of income used to calculate how much the entity or individual owes in taxes to the government.

Tax Bill

The amount of money owed by an individual or corporation to the taxing authorities as a result of income or other taxes.

Net Fixed Assets

The total value of a company’s fixed assets minus any accumulated depreciation.