Describe the Reasoning Leading to the Idea That the Number

question 75

Essay

Describe the reasoning leading to the idea that the number of technological civilizations in thegalaxy is equal to the average lifetime of a technological civilization.

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Definitions:

Selling And Administrative Expenses

Expenses related to the selling of products or services and the general administration of a business.

Gross Profit

The difference between the revenue generated from sales and the cost of goods sold, before accounting for operating expenses.

Purchases Returns And Allowances

From the buyer’s perspective, returned merchandise or an adjustment for defective merchandise.

Periodic Inventory System

An inventory valuation method where inventory and cost of goods sold are determined at set periods, not after each transaction.