forecasting cost

Question 1

The amount of money
you sacrifice in order
to buy a product
intended to be
processed, produced or
resell (buy and sell)

Answer 1

cost

Question 2

every revenue generated, there is a __ incurred

Answer 2

cost

Question 3

Is an expense a business incurs
through its normal business
operations.

Answer 3

operating expense

Question 4

Salary of office personnel, Utilities, Rent, Tax

Answer 4

administrative expense

Question 5

Gas and Oil, R&M of vehicles for selling, Salaries and Commission of
Salesperson

Answer 5

selling expense

Question 6

• refers to goods and merchandise at the beginning of operation of business or accounting period.
  (stocks mo sa simula ng buwan)
  *Purchases refer to the merchandise or goods
  purchased. (lahat ng binili momg stocks sa
  isang buwan)

Answer 6

Merchandise Inventory, beginning

Question 7

• refers to goods and merchandise left at the end of operation
  or accounting period. (natira sa stocks) at
  nagiging beginning inventory sa susunod na buwan.

Answer 7

Merchandise Inventory, end

Question 8

refers to amount paid to transport
goods or merchandise purchased from the
supplier to the buyer. In this case, it is the
buyer who shoulders this costs. (shipping fee)

Answer 8

freight-in

Question 9

Amount of merchandise or goods sold by the business for a given period of time incurs a large portion of the total cost of a Merchandising business

Answer 9

cost of goods sold