Analyzing Your Goals Means Asking Yourself

question 30

Multiple Choice

Analyzing your goals means asking yourself

• A) what kind of people make you happy.
• B) how you most enjoy spending your time.
• C) what you really want to achieve in life.
• D) All of the above

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Definitions:

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.

Accounts Receivable

Accounts receivable refers to the funds that a company's customers owe it for products or services that have already been provided but for which payment has not yet been received.

Bad Debt Expense

The estimated amount of accounts receivable that will not be collected, recognized as an expense.

Gross Profit

The gap between sales income and the expense of sold products prior to subtracting costs for overhead, employee salaries, taxes, and interest.