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What are the two determinants of the transactions demand for money?
Selling and Administrative Expense
Overheads related to the selling of products and the management of an organization.
Variable
An element, feature, or factor that is liable to vary or change.
Fixed
Pertains to expenses that remain constant for a given period regardless of the level of production or business activity.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials and labor.
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