Please answer the following question. 1 Operating expenses include a. marketing-
ID: 2628671 • Letter: P
Question
Please answer the following question.
1 Operating expenses include
a.
marketing-related expenses.
b.
the cost for independent dealers to prepare for the distribution of the product.
c.
interest on all loans.
d.
income taxes.
2 A business loan for 9 months would be best described as a(n)
a.
account payable.
b.
accrued expense.
c.
short-term note.
d.
long-tern debt.
3 A company's net income depends on all of the following except
a.
amount of sales.
b.
cost of goods sold.
c.
interest expenses and taxes.
d.
inventory estimates.
4 For the opening day of The Lemonade Kids, MacKenzie and John bought $40 of
a.
marketing-related expenses.
b.
the cost for independent dealers to prepare for the distribution of the product.
c.
interest on all loans.
d.
income taxes.
Explanation / Answer
1. A
2. C
3. D
4. C
5. B