_____ Tend to Have Large Up-Front Costs

question 20

Multiple Choice

_____ tend to have large up-front costs.Once those costs are incurred, additional units can be made at very low additional cost.

• A) Appliances
• B) Newspapers and magazines
• C) Automobiles
• D) Digital products

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses from total revenues.

Supplies Expense

Costs associated with consumable items or supplies used in the operation of a business during a specific period.

Accrued Expense

Expenses that have been incurred but not yet paid, recognized in accounting even if no cash has been exchanged.

Property Taxes

Taxes levied by local governments on real estate owned by individuals and businesses based on the assessed value of the property.