Which of the Following Is(are) Considered Cash

question 73

Multiple Choice

Which of the following is(are) considered cash?

• A)Debit cards only
• B)Debit cards and bank credit cards
• C)Bank credit cards only
• D)Debit cards and all types of credit cards

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Definitions:

TR

A common abbreviation for Total Revenue, the total income generated from sales of goods or services.

TC

Typically stands for Total Cost, which in economics is the sum of all costs incurred in the production of goods or services.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the surplus generated beyond the firm’s opportunity costs.

ATC

Average Total Cost; it's the total cost per unit of output, calculated by dividing the total cost by the quantity of output produced.