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Frank and Samantha just received a large inheritance when Samantha's grandmother passed away. Samantha said she wanted to use the money to build a room addition onto their house. Frank said he wanted to buy a more fuel-efficient car. Which of the following is true about this situation?
Net Income
The total earnings of a company after all expenses and taxes have been deducted from revenue, indicating the company's profit.
Sales Revenue
The total amount of money generated from selling goods or services to customers.
Direct Labour Costs
The total expenses associated with paying workers who directly manufacture a product or perform a service.
Prime Costs
These are the direct costs of manufacturing a product, including direct materials and direct labor.
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