Sales Revenue Is Based on the ________ Price of the Inventory

question 75

Multiple Choice

Sales revenue is based on the ________ price of the inventory, while cost of goods sold is based on the ________ of the inventory.

• A) cost, sales
• B) cost, cost
• C) sales, sales
• D) sales, cost

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Definitions:

Services Surplus

Services Surplus describes a situation where the value of exported services of a country exceeds the value of its imported services, contributing positively to its trade balance.

Capital and Financial Account

Refers to parts of the balance of payments where capital transfers, investments, and financial derivatives are recorded.

Money Inflows

Financial resources entering a particular entity, such as a business or country, over a period of time.

Financial Account Balance

A component of a country's balance of payments that records transactions of foreign investment associated with that country.