Solved

In the Long Run, for a Business to Remain in Operation

Question 132

True/False

In the long run, for a business to remain in operation, the revenues from products sold should normally cover all costs and expenses and provide a reasonable income.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q126: At EOM Inc., the beginning inventory is

Q127: Excelsior Company has three salespersons. Average sales

Q128: Management may use both absorption and variable

Q129: A business operated at 100% of capacity

Q130: EBITDA removes a significant fixed and noncash

Q131: Service firms can only have one activity

Q133: Accountants prefer the variable costing method over

Q134: Costs that can be influenced by management

Q135: On the absorption costing income statement, deduction

Q136: On October 31, the end of the