Of the Sources of External Funds for Nonfinancial Businesses in the United

question 34

Multiple Choice

Of the sources of external funds for nonfinancial businesses in the United States,bonds account for approximately ________ of the total.

• A) 10%
• B) 20%
• C) 30%
• D) 50%

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Definitions:

Direct Material

Raw materials that are directly traceable to the manufacturing of a product and are integral to its production.

Direct Labor

The labor costs directly tied to the production of goods or services.

Direct Materials

Raw materials that are directly incorporated into a finished product and can be directly traced to that product.

Traditional Format Income Statements

A type of financial statement that presents the revenues, expenses, and profits or losses of a company over a specific period, formatted in a conventional manner.