A college student is thinking about running an ice cream truck over the summer. Which of the following would likely be an ongoing expense of the business?
A) The cost of the truck
B) The cost of the gasoline used
C) The cost of ice cream scoopers
D) None of these are ongoing expenses.
Correct Answer:
Verified
Q1: Total cost includes:
A)one-time expenses and ongoing expenses.
B)forgone
Q2: Suppose Sam's Shoe Co. makes only one
Q3: How is total revenue calculated?
A)Cost multiplied by
Q4: An example of an ongoing expense for
Q5: A college student is thinking about running
Q7: How is profit calculated?
A)Total revenue minus total
Q8: Total cost includes:
A)one-time expenses and ongoing expenses.
B)one-time
Q9: Total revenue can be defined as:
A)the amount
Q10: Total cost can be defined as:
A)the amount
Q11: A college student is thinking about running
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