Income from Operations Is Arrived After Considering All Except

question 57

Multiple Choice

Income from operations is arrived after considering all except

• A) administrative salaries.
• B) interest income.
• C) the cost of sales.
• D) sales returns and allowances.

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Definitions:

Marginal Product

The additional output that is produced by adding one more unit of a particular input while keeping other inputs constant.

Minimizing Costs

A strategy or process aimed at reducing expenses in production or operations to increase profitability.

Substitute Resources

Productive inputs that can be used instead of other inputs in the production process; resources for which an increase in the price of one leads to an increase in the demand for the other.

Capital Goods

Long-lasting goods that are used in the production of other goods or services.