Where Should Rhonda Put the Administrative Expenses for Her Business

question 3

Multiple Choice

Where should Rhonda put the administrative expenses for her business when she prepares her financial forecasts?

• A) In the amount of sales section
• B) In the operating expenses section
• C) In the cost of goods sold section
• D) In the interest expense section

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Definitions:

Negotiable

Capable of being transferred or sold with ease, often referring to financial instruments that can be transferred from one party to another.

Payment Time

The specific period within which a payment is due or expected to be made.

Nonexistent Organization

An entity that is claimed or thought to exist but in reality does not.

Negotiable

Refers to something that can be discussed or altered, such as terms in a contract, or a financial instrument that can be transferred or sold.