2.01
Expenses that are initially paid to establish a business.
What is a Start-up Cost?
I wanna be a _____ baby.
What is a Cowboy?
Necessary to keep the business running
What are Operating Costs?
"I'm gonna take my horse to the old town road,
I'm gonna ride till _______"
I can't no more
This equals the sum of your direct materials costs, direct labor costs and manufacturing
overhead costs.
What are Product Costs?
Costs associated with
producing your product
What is Costs of Sales?
Is that a ramen noodle exhibit?, be careful chirren that's a lot of
What is a Sodium?
Expenses that remain the same for a period of time
What are Fixed Costs?
"Haven't done my taxes, I'm too ________."
turnt up
This tells you at what level an investment must reach
to recover your initial outlay.
What is a Break Even Analysis?
Overhead costs and things associated with the management of the business
What are Administrative Costs?
You know I love myself, even though I look like a ________, I still love myself
What is a burnt chicken nugget?
Expenses that may change from
month to month; these expenses are
often based on quantity of good or
service sold.
What are Variable Costs?
Got a long list of ex-lovers
They'll tell you I'm _____
Insane
This is a performance measure used to evaluate the
efficiency of an investment or compare the efficiency of a number of different investments.
What is a Return on Investment?
Anything used to technologically enhance your business
What are Technology Costs?
I'm in me ______ car, broom broom
What is a Mum's?
Expense which contains both a fixed-cost
component and a variable-cost component
What are Semi-Variable Costs?
Down through the woods and out to the pasture
Long as I'm with you, _______
it really don't matter
This is the difference between the selling price or a product or service and the total cost
Markup Price
All items used to promote your business.
What are Sales & Marketing costs?
Hi my name is Trey I have a _______ game tomorrow
What is a basketball?
This is a good indicator of how well a company keeps its costs under control.
What is a Gross Profit?
You're as warm as a glass of brandy
And honey, I stay stoned on your ______
love all the time
Fixed Costs divided by Selling Point minus the Variable Cost per Unit is what formula?
What is the Break-Even formula?