Multiple Choice
Carla sells hot coffee, cider and tea from a sidewalk cart near Wall Street in New York City. Last month she sold $4,500 worth of product to 1,000 customers. She spent $800 on buying her beverages in bulk. Her monthly costs are: Utilities = $100, Salary = $2,000, Advertising = $0, Insurance = $0, Interest = $0, Rent (cart) = $500, Depreciation = $0. What is Carla's monthly cost of goods sold?
A) $800
B) $600
C) $450
D) $100
Correct Answer:

Verified
Correct Answer:
Verified
Q1: If you sell $2500 worth of product,
Q2: Carla sells hot coffee, cider and tea
Q3: _ is what remains when you subtract
Q5: Why is it best to pay expenses
Q6: What are variable costs? How are they
Q7: A(n) _ is a model or pattern
Q8: Record keeping for a very small business
Q9: Depreciation is the percentage of value of
Q10: In the phrase I SAID U R
Q11: The cost of material used to make