Sometimes you have to pay salespeople, so you might have sales expense, and then the stuff like the corporate office and the CEO's salary, and you have to hire auditors and accountants and all of that.

Selling is things like, it could be the commissions that the salespeople get.

If you think about it, we didn't talk about how much to charge.

But this is, of course, an optimistic scenario. Let's think of other scenarios.

I can't just put that in my pocket.

Sell, sell, sell.

You will be paid a stable base salary plus commissions on sale.

So as you could see, we still have the same cost of goods to manufacture the product as before, 33.

SG amp A that mean selling, general and administrative expenses.

I want to make a separate line for sales. So let's say sales, selling expenses is 200,000.

They both make 100,000 in revenue.

To produce those 3 million widgets for 1, it cost me maybe 0.30 a widget, or 0.33 a widget.

Where is there a soft drink vending machine?

You know, the average grocery store today offers you 45,000 products.

What do you sell?

We still needed a direct sales person but this time instead of them talking to every possible end user, they are actually talking to a few number of resellers.

What about the dealers filing suit against you?

So it'll sometimes be written as cost of sales or cost of goods sold.

Fee?

You know, he helps me sell the paintings and shit.

All right, that's 40 times 42 minus distribution charges....

(Laughter) (Applause) (Circus music)

It computes the cost of goods sold.

And their value proposition, as even they realized later, was pretty unclear.

I want to start with this tiny product.

I have all of this overhead expense and often times, on a regular income statement, it will be called selling, general and administrative, or overhead costs, or operating costs or something like that.

The repair bill includes parts and labor.

Improvement of natural energy technology

Sold

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Who owns Happy Landings Entertainment?

My dad sells tractors.

And because you create valuable translations while you learn, we return the favor by offering duolingo completely free of charge no ads, no hidden fees, no subscriptions.

And the few people that are selling them, they're usually selling them when they are distressed in some way.

It applies to and I'll do it in the next video but let's say I had one big expense in terms of I had to pay a bunch of fees to the bank, but the benefit of those fees are going to be over time.

And then everyone quit on us. We have absolutely no distribution.

Accessories were laid out on the shelf for sale.

But this still works out, right? I'm still making more money.

For facilitating.

So m, the amount of money collected, is a function of the number of tickets he sells.

This is the guy that invented it, Sir Clive Sinclair, and he's showing his machine.

We call it a select opportunity .

This is the PC guy over here.

But the growing dominance of the market economy, where the products of our intellectual labors are bought and sold, produced an unfortunate side effect.