Which of the Following Is NOT a Way Apricot Forest

question 38

Multiple Choice

Which of the following is NOT a way Apricot Forest earns (or plans to earn) revenues?

• A) Charging patients for using the apps to contact their doctors
• B) Charging doctors to download the apps
• C) Charging drug companies for ads within the apps
• D) Commission on the books and other publications purchased through the apps

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Definitions:

Normal Selling Price

The standard amount charged to customers for a good or service under normal market conditions.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, before any purchases or sales have occurred.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Purchases

The total amount spent on goods and services for the purpose of resale or use in production within a given accounting period.