Examlex
What is one component necessary for markets to work?
Sales Revenues
Sales revenues refer to the income generated from the sale of goods or services by a company before any expenses are subtracted, indicating the primary source of business income.
Operating Expenses
Costs related to the day-to-day functions of a business, excluding cost of goods sold, but including items like rent, salaries, utilities, and depreciation.
Accrued Liabilities
Accrued liabilities refer to expenses that have been incurred but not yet paid for, recognized on the balance sheet.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.
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